The Integrated Financial Management System (iFMS) cover all financial areas budgeting and accounting system that manages spending, payment processing, budgeting and reporting for governments and other entities, Income Tax, GST Module with Online Budget Demand Management System, Online Income Expenditure Entry Module and Payroll Management. The product is meant to track all the financial activities of the organization and deliver in a particular financial year the various reports, which include future predictions, based on past statistics (budget, Costing and analysis). The various forms and reports will be web enabled. An iFMS bundles many essential financial management functions into one software suite.