Preparation of Micro, Small, Medium Enterprises Financial Statements for Thai Community Using the Microsoft Excel Application

Setiawan, Santy; Martusa, Riki; Meythi, Meythi; Rapina, Rapina; Rahmatika, Dien Noviany

doi:10.31435/rsglobal_ijite/30122022/7930

Cited by 4 publications

(3 citation statements)

References 3 publications

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“…The process of producing a profit and loss report in preparing financial reports using MS Excel involves utilizing software features and formulas to streamline the accounting cycle efficiently [19]. Microsoft Excel enables real-time, synchronous, and interactive information retrieval, increasing the speed and accuracy of financial reporting [23].…”

Section: Creating a Work Balance Sheetmentioning

confidence: 99%

“…Micro, Small and Medium Enterprises (MSMEs) are very important to the global economy, contributing significantly to job creation and local economic development [1]. However, MSMEs face challenges in effective financial management, especially in preparing accurate and timely financial reports [2].…”

Section: Introductionmentioning

confidence: 99%

“…In addition, research emphasizes the importance of implementing a Microsoft Excel-based accounting information system to improve the accuracy and accountability of financial records in MSMEs [5]. In addition, scholars have conducted training sessions to educate MSME entrepreneurs in utilizing Microsoft Excel for financial report preparation, aiming to improve understanding and application of financial reporting tools [6]. The study also analyzes the factors that influence the quality of financial reporting in MSMEs, emphasizing the positive impact of information technology on the quality of financial reporting [7].…”

Section: Introductionmentioning

confidence: 99%

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Optimizing Financial Reporting in Small Businesses: Leveraging Microsoft Excel for Efficiency and Accuracy

Rachmanto,

Utami

2024

ICOBEST

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The importance of preparing accurate and timely financial reports for Micro, Small and Medium Enterprises (MSMEs) cannot be denied in the context of effective financial management. However, MSMEs often face obstacles in compiling financial reports manually, resulting in a lack of efficiency and accuracy of financial information. The aim of this research is to explore the potential of the Microsoft Excel application in increasing the efficiency and accuracy of preparing MSME financial reports, as well as identifying best practices in implementing Excel. The research method used is a qualitative case study through in-depth interviews and direct observation of the process of preparing financial reports in MSMEs at the Bumbu Bakso Trading Company Pasar Bigung Majalaya. The research results show that effective application of Excel can increase the efficiency of the process of preparing MSME financial reports. The implication of this research is to provide practical guidance for MSMEs in utilizing information technology such as Excel for more effective financial management, as well as contributing to the development of financial management theory and practice at the MSME level.

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Section: Creating a Work Balance Sheetmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Optimizing Financial Reporting in Small Businesses: Leveraging Microsoft Excel for Efficiency and Accuracy

Rachmanto,

Utami

2024

ICOBEST

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Application of Basic Accounting Concepts With Training Methods for Preparation of Financial Statements for Businesses

Dahlia Yunita Banjarnahor,

Meythi Meythi,

Riki Martusa

et al. 2024

RS Global - IJITE

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Micro, Small and Medium Enterprises (MSMEs) are the driving wheels of the economic cycle, because SMEs are able to absorb a large workforce. They are one form of business that can survive and contribute to large growth in gross domestic product. The accounting cycle is the process of each accounting which is carried out by searching for analysis, recording using processes which are carried out repeatedly and analyzing existing records. SAK EMKM is very helpful for SME owners in implementing accounting in their businesses to make it easier to prepare finances according to standards. Based on SAK EMKM, SME actors are required to make proper reports, namely by keeping daily, weekly, monthly and annual financial records because financial reports are very important for the progress of a business. If we relate it to our hypothesis, SAK EMKM has not been carried out in Cireundeu, considering that Cireundeu SMEs only make Income and Expenditure reports. In particular, the implementation of accounting for SMEs in Cireundeu Village still has the same problems as several regions in Indonesia, so solutions and approaches to increasing SME accountability must be prepared by a user-friendly and systematic accounting process guide based on EMKM by SME managers.

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Application of the Business Entity Concept to the Financial Statements of Smes

Fadila Cristy,

Riki Martusa,

Meythi Meythi

et al. 2024

RS Global - IJITE

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The financial statements must be provided according to financial accounting standards. The basic of financial accounting standards are accounting concepts. One of the concepts are business entity, i.e. the financial of business must separate from the financial of owner. The financial statements also must produce accurate and relevant information. One of the obstacles faced by many, especially MSMEs, is that they have become accustomed to using simple financial statements and it is difficult to adapt to good financial statements in accordance with the concept of business entity. The concept of business entity requires that the recording of company transactions is separate from the recording of owner transactions (Dermawan et al., 2020). The research was conducted using interviews and filling out pretest and posttest to find out whether the concept of business entity had been applied to the financial statements made and measure residents' understanding of the material presented. The results of the study show that the concept of business entity has been implemented but not fully because there are still obstacles experienced.

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Preparation of Micro, Small, Medium Enterprises Financial Statements for Thai Community Using the Microsoft Excel Application

Cited by 4 publications

References 3 publications

Optimizing Financial Reporting in Small Businesses: Leveraging Microsoft Excel for Efficiency and Accuracy

Optimizing Financial Reporting in Small Businesses: Leveraging Microsoft Excel for Efficiency and Accuracy

Application of Basic Accounting Concepts With Training Methods for Preparation of Financial Statements for Businesses

Application of the Business Entity Concept to the Financial Statements of Smes

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