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Daily Revenue Collection report(D.R.C.R.) is very nerrow concept as it gives some accounting information of Collection for a specific date, However, the MIS Reporting is a very broad Concept, as it is customisable according to Management needs, it's flexible compare to D.R.C.R. & covers all area of Financial Information & its reporting. MIS is some what Detail Report. So there are many such benefits.
Manual Daily collection report shows only the daily collections against sale on a particular date, where as in an MIS reporting system the entire sale datas are stored in the system and we will be able to run any pre-programmed reports on a regular interval which enables us to understand the actual position of the business against the planned budget.
