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Electronic Club Financial Tracker Ec Track Final
Electronic Club Financial Tracker Ec Track Final
In partial fulfillment
of the requirements for the degree
bachelor of Science in Information Technology
INTRODUCTION
The emerging pace of technology is rapidly moving and continuously affecting various
fields in our society. Since then, the advent of information and the use of technologies have greatly
improved and automated many tasks previously performed by humans. As a result, we can now
rapidly deliver efficient, agile factors for advertising, monitoring, sharing, and collecting data for
various purposes. In fact, most private and public organizations today have introduced more
information systems specifically related to electronic management documents that optimize data
nimbleness, convenience, and more accurate. (United Nations Conference on Trade and
Development,2021).
With this concept of new systems, it becomes the norm, and many of us eventually rely on
them to the point where we as a society cannot function as effectively without them; in particular,
this can be applied to the automation of financial management systems. Specifically for budget
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tracking, which entails keeping tabs on and analyzing the income and expenses of a person or an
However, despite this counterargument, some people and organizations still need to use
systems. Unfortunately, this makes budget tracking extremely difficult and leaves data susceptible
to human error, increasing the risk of data and information being falsified and calling their
Armed with the results of a BlackLine study, a recent CFO Daily News article revealed
that the number one cause of financial mistakes is human error, representing 41% of all accounting
mistakes. In many scenarios, accounting errors can result in reporting mistakes, while in other
situations, they can cause discrepancies in important transactions. When it is neither of those, it can
still result in the inadvertent falsification of data. Even so, the consequences of such a simple faux
pas are not limited to these results. They can spread far and wide in their damage potential. An
unimportant typo, a deleted cell, or an added stroke of a key all carry the potential risk of damaging
revenue The Rotaract Club of Carmona finances are currently managed and tracked using
Microsoft Office Excell, including the total budget, income, and expenses for every project,
program, and activity. However, the said application has its limitations. According to Bernard
(2017), Microsoft Office Excel spreadsheets lack four main aspects: flexibility, adaptability,
integration, and automation of the workflow with the organization's processes. Also, Natter (2019),
mentioned that it lacks file security, which is critical, especially in terms of financial terms.
With these things occurring, the proponents came up with a budget tracking system known
as EC-TRACK: An Online Web-Based Budget and Expense Tracker System for the Rotaract Club
of Carmona. This online web application system will enable the intended beneficiary to monitor
and track each financial transaction and operation easily. Furthermore, the club will have access to
a more efficient, transparent, and secure information system that will aid in financial management
and budget planning as a platform for managing financial operations in an open and transparent
manner.
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monitoring system that can track the income, expenses, and total budget and generate
reports that will satisfactorily pass the criteria for software evaluation set by the
modules :
a. Administrator Dashboard;
d. Reports, and
e. Configuration Module;
technologies;
b. Xammp;
c. Mysql Workbech;
d. Figma, and
e. Bootstrap Studio;
a. Requirement Analysis;
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b. System Analysis;
c. Implementation;
d. System Testing;
f. System Maintenance;
a. Administration Interface;
b. User’s Interface;
6. . Implement a secure online system that will provide fast monitoring and
tracking of the Rotaract Club fund, including the expenses, balance, and
7. Test and evaluate the system performance based on ISO 25010 in terms
of:
a. Sustainability;
b. Functionality;
c. Usability;
d. Security;
e. Reliability, and
f. Maintainability;
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suggested system is urgent and significant. Upon completion, this research will
will propel and drive the Rotaract Club of Carmona to keep up with the growing
needs and challenges amidst the rising changes and innovation in the community.
Moreover, having a system will provide them with centralized monitoring and
tracking of their budget; through this, they will achieve a more transparent,
Rotaract Club Communities can meet the demands of this modern society.
approach within the organization, the club president can execute a excellent
administration with this system. The president will be able to have a systematic
system, the president can be able to speak truthfully and confidently about
Club Treasurer. The Treasurer of the Club, as the one who manages and
more productive and flexible in using the system administrator module. gaining
entry to check the actions and financial processes that are being performed.
Club Auditor. As the auditor of the club, who has the power, duty, and
authority to examine the finances and request copies of previous club financial
Future Researchers. This study will also provide future researchers with
notions and ideas about the advantages and effects of the suggested system's
resource for the growth of their system and the completion of their requirements.
The proponents started the study in February 2022 and expect it to end in
January 2023. The study will be conducted for the Rotaract Club of Carmona in the
The study aims to design and develop a web-based budget and expense tracking
system for the Rotaract Club of Carmona to properly manage and monitor the club's
financial parameters and ensure uniform, transparent, and efficient financial reporting
The system would have two types of users: the admin and the viewer user; both
types would need to sign in with their respective MyRotary accounts. The admin user
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type would have full access to edit and view the most important aspects of data in the
system. where all the financial transactions, such as the current budget, income, and
expenses, in every project, program, and activity of the club will be manually tracked
The system would also allow the administrator, specifically the president, vice
president, Treasurer, and auditor of the club, to centralize the monitoring and tracking
of the club's financial terms using the Administrator User Interface. On the other side,
normal users, specifically the rest members of the club, will be restricted from editing
the data; they can only view the dashboard itself, which will also act as transparency
Moreover, the system will easily monitor the current value of each financial
term, employing a card box that shows the club's total budget, income, and expenses.
The main categories for the club's income are all the monthly dues, sponsors, and
fundraising. Furthermore, with this system, the history of cash flow can be easily
viewed. As The club will be able to keep track of how much money it makes and how
much it spends. Because all the income and expenses transactions will be listed in a
The system will also have a monthly dues email reminder feature. Every
member or user of this system will automatically receive an email just before the end
of the month reminding them to pay their monthly dues. That way, the club's officer
will let everyone know it is time to pay their monthly dues without waiting for the
treasurer or the officers to send out a mass reminder manually. In addition, the system
also has administrator settings in the configuration module, specifically to modify the
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list of users and their credentials as members of the club. This setting is accessible to
However, the online web-based budget and expenses tracker system for Rotaract
Club of Carmona will not cater to any online automated payment transaction, such as
requirement. Lastly, the system does not support any scanning for any payment
transaction.
Definition of Terms
Operational Terms
Monthly Dues. It is a term used to describe the monthly fee or contribution that
every member of the Rotaract Club of Carmona must pay as an additional income for
paying a fee or any transaction involving a member of the Rotaract Club of Carmona
Technical Terms
software Quality Requirements and Evaluation (SQuaRE) – System and software quality
characteristics and sub-characteristics, for both software product quality, and software
quality in use together with practical guidance on the use of the quality models (Britton,
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n.d.).
pages. This is the standard method for adding fonts, colors, graphic elements, and
hyperlinks to plain web text. However, websites can grow to be quite massive. When
this happens, HTML becomes a very difficult way to do a very simple task. CSS
headings, links, sections, blockquotes, and paragraphs for web pages and applications
(Domantas, 2019).
that includes an HTTP server and an interpreter for PHP scripts. It's an easy-to-use,
adaptable, and lightweight tool that facilitates the development, testing, and
for creating prototypes of websites before they are fully developed. You can simply
drag and drop the many included components to arrange them into fully functional,
n.d.)
Figma. It's a program that helps teams create user interfaces together. Figma.
Comprehensive creative environment. Virtual whiteboard Team meetings for the design
Rotaract Club
adults ages 18–30. It is an active organization that consists of students and young
professionals who work together to improve the world in which they live ("Rotaract
Clubs," n.d.). Furthermore, Rotaract clubs are sustained with assistance from
clubs. The Rotaract organization organizes conferences, designs regional projects, hosts
leadership workshops for club members, and hosts other special events
(Racmanilametro, 2022).
In fact, Clubrunner (n.d.) emphasizes that Rotaract club members are actively
He then added that this club is more than just a volunteer organization. Instead, it brings
people together with a network of business professionals and community leaders to help
In this connection, the Rotaract Club of Carmona is the main focus of the study
on which an online web-based budget and expenses tracking system will be based. The
goal is to have a centralized system that will keep track of the needs and challenges
amidst the rising changes and innovation in the community. Through this, they will
achieve a more transparent, efficient, and practical financial management system for
Financial Management
making, which technically encompasses the broad areas of finance and accounting. In
Addition, Marsuni & Yusuf (2022) stated as financing management refers to the
process of determining where money will come from, how it will be spent, and who
will be held accountable for the results, and this would be needed in order to achieve
organizations efficiently, and this must require a secure and accurate management
process. mar
frequently contributes to its success. That is why it is critical to have a system for
products can negatively impact quality, productivity, and safety. Robinette, D. (2021)
stated that because most businesses use spreadsheets for accounting and finance, it is
difficult to find the time and resources to double- or triple-check each detail before
passing it off as reliable information. Taking chances with inaccurate data may appear
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effective in the short run, but it can lead to severe consequences in the long run. This
also means that a seemingly insignificant typo, a deleted cell, or an extra keystroke can
The CFO Daily News article covered a variety of financial and business topics.
In addition to identifying the leading causes of accounting errors, the BlackLine study
explains that 55% of businesses cannot identify financial errors before executing tasks
based on generated data. Thinking that is concerning, consider this: 70% of financial
experts are unsure about the authenticity of their critical data due to human error.
According to a 2018 Grid study, an estimated 800 million Excel users exist.
They also mention that established companies and older people are the demographics
for Excel users, though younger people who work at established companies frequently
use Excel. In addition, accounting and finance are two industries where Microsoft Excel
is the lack of groupware and online presence. This can be detrimental to organizations
rarely found in Access is a lack of data integrity. This means that users can type
anything they want into any cell, even if it is not supposed to be there. For example, in
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a cell in the "Product Price" column, one could type in a product name, (3) Less Storage
Space: Because Excel is not designed to store large amounts of data, its storage capacity
can be pretty limited. This is a problem because data frequently grows over time, but
there will be no room. In the long run, it is difficult to use Excel to scale large-scale
projects (4) Inefficiency: With an intuitive form feature, new data can be manually
entered into the Excel spreadsheet. However, if there are many of data to enter, this can
its cost, Microsoft Excel was never free, but the price was much more manageable in
the past. However, the costs have skyrocketed as Microsoft has continued to invest
significant time and effort in its Office suite. Previously, you could purchase the
software for as little as $19.95 per year; however, this is no longer the case. Now, the
cost of a downloadable copy can easily exceed $45.99 per year, and a cloud-based
offering can easily exceed $99.99. While not egregious, it is prohibitively expensive for
is no security for the files themselves. In most cases, spreadsheets lack security, which
Even if the files contain private and sensitive financial information, hackers can still
access them. Concerning Microsoft Excel can be an excellent tool for managing and
analyzing data. In fact, many people now use Excel spreadsheets to manage their
calculations, forecasting, analytics, and contacts, but such "basic" tools frequently have
and analyze data. However, as stated above, this type of application has critical
limitations.
an organization is a set of activities that lay out a series of steps that will accomplish a
specific goal. It defines that each organization is made up of many systems, from the
simple, like how to sort and distribute the mail, to the more complex, like how to
systems, and the control system redesign—owes a great deal to the pioneering work of
Chris. In addition, he discusses the fact that the learning system in modern organizations
In the article review by Alstete J. W. and Meyer J. P. (2020), they found that the
fundamental principle of knowledge and learning is the role of memory in people and
technologies is unthinkable. However, since the world has changed dramatically with
(2021).
He also added that the search for new approaches to learning and management
systems could be further enhanced with the use of modern information and
hardware and software and host an application whose purpose is to carry out
transactions for running or undertaking business Paul (2022). He then added that TPS
is a system that gathers, stores, alters and retrieves data transactions in a organization.
procedures and control access. Also TPS is commonly possess certain elements such as
of the organization that records the work done. Wherein the data that is captured and
store by at TPS serve as two purposes. Firs is to support day-to-day routine operations
by being made accessible to those parts of the organization (as well as the external
entities) where they are needed. Second, is to feed the management by reporting system
and produce performance reports about the effectiveness and efficiency of the
operations. The usefulness of transactions data goes beyond into mere operations
because the large volumes of detailed data are can be used as historical reference for
understanding the TPS can be accomplished along into two different dimensions the
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externally versus the internally and logically (what it does) versus physically (the
does play critical strategic role in organizations, for it is with the operational level of
the organization that customers and suppliers interact. Also if the TPS in now working
programs. If we think the computer system as a layered model, the system software is
the interface between the hardware and user applications. The operating system is the
best know example of system software; The OS manages all the other programs in a
computer. They also stated that system software id used to manage the computer itself.
It runs in the background maintaining the computer’s basic functions so users run
that control and manage computer hardware operations. It also aids in the proper
the creation of programs that reside on remote servers and are delivered to the user's
devices over the Internet. It also added that web application development typically has
a short development life cycle and is done by a small development team. Furthermore,
applications, and start-up companies are working towards extending and generating
typically used through web browsers. Wherein each browser is slightly different and
interact with different web languages, such as HTML, CSS, XML, Flash, Perl, ASP,
and PHP.
applications and their current adaptation rates. Wherein the companies adopt web-based
applications to improve communication and workflow within their businesses and their
relationships with their clients. In fact, a McKinsey global survey of over 3,500
executives conducted in June 2012 showed that 83% had adopted at least one. Social
technology, with 90% of those respondents reporting "measurable benefits" from using
those technologies.
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ISO 25010
software product quality, and software quality in use together with practical guidance
He also mentioned about the description of 2 quality models (1) The quality in
use model composed of five characteristics (some of which are further sub-divided into
There are a lot of different types of literature and review discussions, and all of
both rapid and constant. The emerging systems and the development of such new
paradigms that can be used in a wide range of social settings, such as business and
organizational settings, the rules we follow in our daily lives, the technologies we use
The multiple research studies and supporting information in this chapter provide
us with answers as well as clarity that this research and the creation of this system are
urgent and significant. Furthermore, this will provide good supporting information.
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Although there are repercussions that are being discussed, as we glimpse in each study,
there is still a huge opportunity for us to improve and evolve our modern way of
processing, tracking, and gathering data with the assistance of new technology. Lastly,
we can use these various references and guidelines to implement the process that we
wanted to implement.
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