Financial Management System in PHP

Abstract:

The Management Information System is a concept of the last decade or two. The role of MIS in an organization can be compared to the role of heart in the body. Most of the organizations be it small or large are using computer based information system with centralized, decentralized or distributed networks connecting data flow from and to the various departments/ branches. Hence the MIS is defined as a system based on the database of the organization evolved for the purpose of providing information to the people in the organization. The development of MIS in finance can improve the system’s functions, performance and productivity. This paper includes a study of designing the Financial Management Information System (FMIS) and to show how FMIS benefits the organization by aiding the managers to achieve their goals. It facilitates them to see if the performance is on the right track, based on the existing financial database. The readonly reports are presented to the executives in Excel by pulling in the data from the Tally database using the Microsoft Office tool. The automation of watch register is an application that keeps a watch on all the receipts and payment bills and check with the budgets allotted. The user- interface developed using Visual Basic is to enter, view and delete the data. The data is stored in Oracle9i database. In this endeavor, atomizing different registers and reducing the manual work of calculations aid finance system. Thus MIS designed throws light on the importance of easy access to useful information to the executives in improvising the system performance.

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