Freight Management System: Financials: Accounts Payable & Receivable, Collection, Budget Management, Disbursement, General Ledger.

Abstract

Financial Management research has been done to improve the system exist. Improving connections and integration with an accurate data helps the work done efficiently. Preparing, directing and controlling the money activities of a company. It is basically applying general management concepts such as Accounts payable & receivable, collection, budget management, disbursement, and general ledger to the cash of the company in order to achieve financial objectives. Every module is integrated to be reliable and efficient the transaction works. The Agile Methodology is a particular approach to project management that is utilized in software development consisting of Requirements, Plan, Design, Develop, Release, Track and maintenance. This method assists teams in responding to the unpredictability of constructing software. The financial managers assess the potential risks and rewards associated with investment and financing decisions through the application of financial analysis. The accumulated financial information is the outcome of the project study taken by the proponents to help managers and potential managers to make sensible investment and financing decisions. To make the finance department more effective & efficient new technologies are now being introduced on a regular basis to make things much effortless, integrated system is designed to provide information used in financials. The following module had been drawn: 1. Accounts payable & receivable are records that monitor and automate transaction, 2. Collection is a record that monitor the reliability of collected money together with the receipt of every transaction, 3. Budget management monitors the annual budget for the company’s expenditures, 4. Disbursement allows you to verify the approved budget request, it holds the accurate record of disbursed budget, 5. General ledger holds the financial report provide for the decision makers.