The Importance of Management Information
Management information is a term widely used across business and can cover various reports from profit and loss accounts, balance sheets, cash flows, reports on debtors and creditors, stockholding and they can be used by internal and external sources.
In our latest video Judith Dugdale, Corporate Services Director and Ryan Clifton, Corporate Services Supervisor, discuss the importance of management information, detailing what it is, why it should be produced and how it should be used.
This video covers
- When you can see if an external body might want some management information about a business
- How management information can help a business achieve better performance
- Tips on how businesses can improve their bookkeeping and make it more efficient
- Software such as QuickBooks Online and AutoEntry