Decision-making is difficult for everyone, including MSMEs. This study describes the relationship between behavioral bias, namely loss aversion bias and regret aversion bias on decision making. Financial literacy becomes an intervening variable in explaining the relationship between the two. This study took 125 SMEs in Bululawang using a questionnaire. Data analysis was performed using SEM analysis and using the AMOS application. The results show that loss aversion bias and regret aversion bias affect investment decision-making. Likewise, financial literacy can be an intervening variable that can affect the relationship between the two

Financial Behavior is the ability of a person who is fundamentally able to manage day-to-day financial funds effectively based on planning, budgeting, auditing, managing, controlling, searching, and storing, and aims related to the responsibility for making financial decisions. The purpose of this research is to find out the direct and indirect effects that can affect financial behavior. This study used 150 MSME respondents in Gresik, who were analyzed using the Structural Equation Model (SEM), with the variables used financial attitude, level of education, financial behavior, and financial literacy as intervening variables. The results showed that the variables of education level and financial attitude had an influence on financial literacy and financial behavior, and the financial literacy variable was able to become an intervening variable to influence the level of education on financial behavior, and financial attitudes to financial behavior. In the research that has been done that financial behavior is a very important thing to have concerning how one's attitude and perspective in financial matters, including SMEs, especially those in Gresik. Besides that, the importance of financial literacy is also very much needed because the more a person has a lot of information about finances, it can also affect one's perspective on how money management should be done to reduce the financial risks that must be faced.

Pencatatan laporan keuangan merupakan hal yang harus dilakukan oleh semua para pelaku bisnis tak terkecuali untuk UMKM. Pencatatan laporan keuangan perlu dilakukan oleh UMKM karena adanya manfaat untuk bisa mengakses ke fasilitas pendanaan. Namun kenyataan di lapangan literasi tentang laporan keuangan masih kurang sehingga ini menjadi kendala yang nyata yang dihadapi UMKM. Berdasarkan fenomena yang ada menjadi pemantik dilaksanakannya kegiatan pengabdian terkait dengan penyusunan laporan keuangan dengan target pengusaha wanita /women entrepreneur yang ada di Desa Trojalu, Baureno, Bojonegoro.. Kegiatan yang dilakukan adalah dengan melakukan observasi untuk mendapatkan informasi terkait permasalahan yang ada, kemudian dilanjutkan dengan kegiatan workshop yang berisi tentang literasi laporan keuangan dan penyusunan laporan keuangan sederhana. Besar harapan dengan adanya kegiatan pendampingan ini bisa memberikan literasi terkait laporan keuangan yang kemudian diaplikasikan dan memberikan dampak kemajuan untuk UMKM.

Digital transformation is a hot topic for research. Various technological developments encourage various organizations to carry out digital transformation to achieve organizational goals. This is experienced by SMEs in running their business. Various studies that have been conducted have yielded inconsistent results regarding the adoption of digital transformation for MSMEs. This article discusses the extent to which previous research has explored digital transformation carried out by MSMEs that can have an impact on financial performance. This article uses a systematic literature review and bibliometric analysis to explore previous research related to the digital transformation of MSMEs