MIS is the monthly reporting system used by the founders/investors to track the business. This helps founders to take quick business decisions and also help investors to evaluate the health of business.
MIS includes the Profit & Loss Statement, Cash flow, runway statement, business metrics, comparison of Actual Vs budgeted, City wise PnL, Category wise P&L etc.
MIS is the monthly reporting which covers all the key financial metrics of the startups but it generally includes the following:
It is highly important to build the processes around MIS from the beginning as it is difficult to control/manage once you have the scale in the business.
Startup should start with preparing monthly MIS but should definitely target to reach up to the stage of having real time visibility.
It creates the financial credibility of startup in the investor community and that investor confidence helps founder to quickly close the fundraise.
Startupfino is working with Startups since last 10 years with an unparalleled experience of helping fast growing startups. Our Success can be witnessed through the numbers given below.
Startupfino is managing my accounts and its such a relaxed and smooth journey so far , I dont have to worry about timely execution of the work . They manage my invoicing, finances and compliances in a efficient way. I wish karan and team all the very best for the future of this startup .
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Team FINO has been there with us since we began our journey 5 years back..the reason for our long lasting relationship was the trust that the Fino team members reciprocated. Compliance of both our USA and India entity are handled by them. I’d highly recommend StartUpfino to early stage startups”
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The very foundation of a Startupfino is laid down by the founding member of it. Mr. Karan is a great person and getting to know that he is floating his own startup got me really excited. I really love the services offered by StartupFino and now getting these services through a more efficient and controlled platform is going to be truly amazing.
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We have been working Karan and Startupfino team for almost 5 years now. In any startup legal and financial work takes huge time and the way Karan takes the ownership of the work, as a founder you are able to save lot of time and be tension free. Highly recommended.
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