Problem related to generating monthly management account.
Problem related to generating monthly management account. Make new account people faces many problems .For all accounts make a bill . :- When some of these steps may seem basic, many companies struggle with them, and all companies should double check to ensure they are handling them correctly. What are monthly management account? Monthly management accounts are a snapshot of the financial health of your business. They're a good practice to get into if you want to grow sustainably because you can plan based on real numbers and are equipped with the facts if you need to change course . What are the challenge of management accounting ? Management accounting challenges usually involve collecting, recording and reporting financial information from several divisions or departments. Cost allocation methods require information for direct materials, production labor and manufacturing overhead. This information is needed for multiple production departments. What is the im...