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A Mobile System for Managing Personal Finances Synchronously: A Mobile System
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Author(s): Jabulani Sifiso Dlamini (Tshwane University of Technology, South Africa)and Paul Okuthe Kogeda (Tshwane University of Technology, South Africa)
Copyright: 2017
Pages: 28
Source title:
Design Solutions for User-Centric Information Systems
Source Author(s)/Editor(s): Saqib Saeed (Department of Computer Information Systems, College of Computer Science and Information Technology, Imam Abdulrahman Bin Faisal University, Dammam, Saudi Arabia), Yasser A. Bamarouf (Imam Abdulrahman Bin Faisal University, Saudi Arabia), T. Ramayah (University Sains Malaysia, Malaysia)and Sardar Zafar Iqbal (Imam Abdulrahman Bin Faisal University, Saudi Arabia)
DOI: 10.4018/978-1-5225-1944-7.ch017
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Abstract
Many Small Micro-Medium Enterprises (SMMEs) fail within their first year of operation in South Africa mainly because of the lack of proper financial management skills. To address this, a number of software applications have been developed. However, they fail to cater for the needs of SMME owners. In this Chapter, we intend to design and implement a software application to address some of these financial management challenges faced by SMMEs. To achieve this, a through literature review was conducted. Then we designed and implemented a new system with additional features missing from the existing applications. The main objectives of this new system, is to help SMME owners manage their finances from anywhere, have access to real time data and be easy to use. To implement the system, PHP and MySQL database was used. Usability testing was done to evaluate the effectiveness of the system. The system performed 20% better in keeping records as compared to the manual accounting system.
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