Assistance in Recording MSMEs Financial Statement: Towards Independent and Competitive Business

Authors

  • Tirzah Febiola Chandra Universitas Kristen Petra Surabaya, Indonesia
  • Irene Citrawati Khonrad Universitas Kristen Petra Surabaya, Indonesia
  • Alexander Nissan Leksono Universitas Kristen Petra Surabaya, Indonesia
  • Lazaro Batigol Lauwono Universitas Kristen Petra Surabaya, Indonesia
  • Mariana Ing Malelak Universitas Kristen Petra Surabaya, Indonesia

DOI:

https://doi.org/10.33379/icom.v4i2.4531

Keywords:

Accounting, Bookkeeping, MSMEs, Financial Statement

Abstract

Recording financial statements is a crucial aspect of managing finances for any business to maintain overall financial health. However, business owners face numerous challenges in financial management, particularly Micro, Small, and Medium Enterprises (MSMEs). MSMEs are essential pillars of the Indonesian economy. Nevertheless, many MSMEs still encounter difficulties in financial management, especially in preparing financial statements. This can hinder their growth and competitiveness. Community service activities in assisting financial statement recording are expected to aid Food and Beverage MSMEs in Surabaya to improve its financial management practices. The community service method employed is participatory and educational. The results of this activity have proven to have a positive impact on Food and Beverage MSME. With effective mentoring on financial statements, MSMEs can enhance their self-reliance and competitiveness, thus making a greater contribution to the national economy. Furthermore, MSMEs can strengthen their position in the market and optimize their business growth potential.

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Published

2024-06-21

How to Cite

Assistance in Recording MSMEs Financial Statement: Towards Independent and Competitive Business. (2024). I-Com: Indonesian Community Journal, 4(2), 993-1002. https://doi.org/10.33379/icom.v4i2.4531