Record Keeping and Performance of Small and Medium Enterprises: A Case Study of Huda Tours and Travel In Kampala District
Loading...
Date
2019-07
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management.
Abstract
The study concerns the record keeping and performance of small scale
enterprises. The study was carried out in HUDA tours and travel
The main intention of this research was to establish as to whether record
keeping affects the performance of SMES. The study was carried out on
25 respondents with the help questionnaires and personal interviews,
primary and Secondary data was collected using questionnaires and
reviewing literature on this research topic.
The findings in this research showed that record keeping has great effect
on the performance of SMES on management of the business an&
decision making. More so the research also showed that record keeping
is a cost to the business where by some extra employee has to be
employed to undertake the job of record keeping, more so the hard ware
needed for effective record keeping such as computers stationary and
others are highly costly. This is because of the little profits made by
small enterprises and also medium enterprise. More so it was found out
that the SMEs do not keep complete accounting records because of lack
of accounting knowledge and the cost of hiring professional accountants.
As a result, there is inefficient use of accounting information to support
financial performance measurement in SMEs. in addition to the above
research also show that business manager in these SMEs as for the case
of HUDA TOURS AND TRAVEL are willing to learn more on how to keen
their records but in vain. Thus, the findings and recommendations in this
report will help SMEs such as HUDA TOURS AND TRAVEL and the
government in drawing policies on how to improve the performance of
SMEs through proper record keeping.
Description
A Research Report Submitted to The Faculty Of
Economics and Management in Partial Fulfillment
Of the Requirement for The Award of a Degree Of
Bachelor of Business Administration Of
Kampala International
University
Keywords
Record Keeping, Performance, Small and Medium Enterprises