MIS is use by the organizations for collect required data reports and information which help in better decision making. MIS Reports: Which reports provide to management for analyses business performance, they called MIS reports. like Inventory Report, Sale Report and Individual performance etc.IS Report is nothing but a Financial Statement of the Company. this is monthly basis Balance sheet of the Company that is prepared by the accounts department for management to analyse financial status of the Company. and it is compared with previous one.