Most of the Company owner always speak about the poor efficiency of Account’s department, they are not willing to provide right report at perfect time, here i think Management reporting have essential in managing the business and achieving company goals and future planning. If these report have not been received from staff then management cannot do any forecasting regarding the business movement to right direction.
Employer needs to have following reports.
Bank Position on daily basis.
Account receivable on daily basis.
stock available report for current period.
fund expected in coming week.
comparison of sales scheduled and actual sales.
comparison of fund availability and actual fund available with reasoning sheet.
Comparison of Production actual and expected in a day.
Comparison of cost Goods. Manufactured and cost goods manufactured as per formula with reasoning sheet.
Update Position of Payable.
Current Position of Purchase required.
Present report of Prime Raw material available for Productions
But who knows what are the factors