Providing financial information to our clients in a timely and accurate manner is a commitment that we feel can not be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following:
* General ledger & financial statement preparation
* Bookkeeping (Monthly/Quarterly/Annual)
* Accounting system setup for new businesses
* Computerized payroll services
* Business tax return preparation (Sales & Use/Business Property)
* Personal financial statements
We can support you with a full range of financial statement solutions including the following:
Drafting accompanying documentation
Deferred tax asset and liability calculation under local and foreign GAAP
Assistance to auditors’ review
Compilation of group packages, management reports and budget reconciliations
Financial statements are the most widely used and comprehensive way of communicating financial information about your business. Our preparation of your interim financial statements guarantees a turnaround time of 5 business days – all year long! By having our CPAs review your financial statements, we can alert you to industry trends and best practices. Additionally, we can assist in interpreting key information and assist management in reviewing accounting reports to help them fully understand the meaning of their results.
Business systems planning looks at the whole organization to determine what information systems the business requires to fulfill its goals. For large businesses, this can be an expensive process involving consultants and specialists, but smaller businesses can often perform the analysis and planning in house. Prerequisites for effective business systems planning are the existence of a business plan that details the goals and strategies of the company and the communication of the plan to the people responsible for implementing the plan.
The Management Information System (MIS) is a system to support the decision making function in the organization. The difference lies in defining the elements of the MIS. However, in today’s world MIS a computerized business processing system generating information for the people in the organization to meet the information needs decision making to achieve the corporate objective of the organization.
In any organization, small or big, a major portion of the time goes in data collection, processing, documenting it to the people. Hence, a major portion of the overheads goes into this kind of unproductive work in the organization. Every individual in an organization is continuously looking for some information which is needed to perform his/her task. Hence, the information is people-oriented and it varies with the nature of the people in the organization.
Role Of Management Information System (MIS)
The role of the MIS in an organization can be compared to the role of heart in the body. The information is the blood and MIS is the heart. In the body the heart plays the role of supplying pure blood to all the elements of the body including the brain. The heart works faster and supplies more blood when needed. It regulates and controls the incoming impure blood, processes it and sends it to the destination in the quantity needed. It fulfills the needs of blood supply to human body in normal course and also in crisis.
The MIS plays exactly the same role in the organization. The system ensures that an appropriate data is collected from the various sources, processed, and sent further to all the needy destinations. The system is expected to fulfill the information needs of an individual, a group of individuals, the management functionaries: the managers and the top management.
The MIS satisfies the diverse needs through a variety of systems such as Query Systems, Analysis Systems, Modeling Systems and Decision Support Systems the MIS helps in Strategic Planning, Management Control, Operational Control and Transaction Processing
The MIS plays the role of information generation, communication, problem identification and helps in the process of decision making. The MIS, therefore, plays a vital role in the management, administration and operations of an organization.
A difficult yet significant task facing management today is assessing the value of computer software programs to improve business performance. Most companies lack the resources to properly assess their requirements internally. Furthermore, international competitiveness and the rate at which technology is emerging demands that products from worldwide sources are constantly evaluated.
Remaining objective in assessing business administration software is what sets CA Management Services apart from other software suppliers. By knowing what is available in accounting and business management, and understanding the capabilities and limitations of those products, we are able to match your needs to the most ideal solutions. It also means we can keep you informed of new releases and updates, and how they may or may not be applied to your specific situation.
Not only do you depend on your computer systems to perform, but you also depend on us to propose which software will perform for you. That’s why we support, source and supply a wide range of popular and proven accounting products. When CA Management Services installs a software package, you are afforded the best training and support, as well as each manufacturer’s full warranty back-up.
Colin Atkinson, Managing Director of CA Management Services, has written extensively on this issue of selecting the right accounting software to suit the needs of your business. To receive a copy of his booklet, ““21 things you need to know when buying Accounting Software” click here. His most recent publication on the costs and benefits of cloud accounting with Xero can be found here.