Project Description
Some statements were being paid multiple times, reducing working capital, while other statements were not paid on time, costing the company late fees.
Intercos Cosmetics them incurred wage expenses by devoting employees to resolve these problems.
As a result, our group has taken it upon ourselves to create a database that will allow Intercos Cosmetics to house and view payroll data in an efficient and effective manner.
This database will be used to create reports based on when statement payments are due and to track payment information.
This will allow the accounting department to run accounts payable on time without making double payments,
which as a result will minimize late fees, free up working capital, and will also allow employees to devote their time to other important matters.