Benefits Of Simple Business Bookkeeping To Manage MSME Business Finances

Financial statements can be considered in determining the company's strategy. (photo: doc. pixabay)

JAKARTA - Business financial accounting is very essential for businesses of any scale. Business bookkeeping is an important capital for business actors to be able to help navigate the direction of the business.

Marko S. Hermawan, Head of International Business Program at Bina Nusantara University, said that business bookkeeping and financial reports can be taken into consideration to determine the company's future strategy. This includes what will be done in more detail in the future in terms of finances. For example, reducing salary financing items or promotion budgets.

One of the things that must be done consistently is business bookkeeping. If MSME actors have neat financial records, then they can set business strategies for the future and avoid unwanted risks such as getting into debt. Because poor financial management can make a business go bankrupt.

Due to the various benefits of business bookkeeping, business actors are obliged and need to record all incoming and outgoing transactions. Both small and large businesses must keep records so that their business runs smoothly.

Not a few small business actors are confused about doing business bookkeeping because they do not have a background in this field. Relax, you don't need to make complicated reports, simple business bookkeeping is enough. Here are some simple business bookkeeping tips by Marko that you can apply in your business.

Keep All Records of Financial Transactions

As a business actor, you certainly have to think about a long-term business strategy. Financial records are one of the things that are very useful for your future business. It is not impossible that one day you will need daily financial transaction documents as a reference for business development.

Marko suggested that business actors could always keep all bank statements, profit and loss statements, trial balances, and other transaction reports related to their business finances. These data can help business actors to build a strong business foundation so that when the business grows, finances are already secure.

Make a Record of Income and Expenditure

At the beginning of starting a business, an entrepreneur must keep separate records of expenses and income. Entrepreneurs certainly want to get income that is increasing every year. With financial business bookkeeping, you can compare the financial condition of the business from the previous year to the current one. In addition, it can find out whether operating profit has increased or not.

If the opposite happens, you can find out what costs were not actually incurred so that they can be cut in order to save expenses. In essence, through financial business bookkeeping, it will help business actors monitor financial conditions, both as a whole and in detail.

Use Software or Applications

Today, there are many software or business bookkeeping applications that you can choose from to help track and review financial reports easily. So you don't have to bother doing business bookkeeping manually, especially if the records are lost. Besides being more practical, you can also track financial conditions at any time.

Most software or applications today are easy enough to understand and learn. The features presented are usually complete enough to allow you to manage financial reports, both income and business expenses.

But before using it, you should try to learn first the features of the software or application. You can compare which one is easier to use with a full range of features. Thus, business actors can be easier to use according to business needs.

It is necessary to know and understand that financial business bookkeeping does not only need to be carried out by large companies, but it is also important to be carried out by MSME actors. Every type of business, whether small or large, needs to have good financial business records, so you can find out how far the business is making a profit.

Best Business Bookkeeping System Recommendations

Jurnal.id is an online business bookkeeping system with financial reports such as balance sheets, cash flow, profit and loss, and others. The purpose of Jurnal.id is to facilitate business bookkeeping and the business bookkeeping process for business owners.

All companies and entrepreneurs definitely want good administration while there are still many companies that have difficulty managing good administration, for that Jurnal.id is here as a Simple Online Accounting System to support business success.

By using Jurnal.id, it saves more time in administrative and operational processes, at an efficient, effective, and fast price. Therefore, business people can focus more on developing their business.

Jurnal.id can be accessed flexibly, for various devices, and at any time, as long as it is connected to the internet. Using this business bookkeeping system makes it easier for users to create invoices or invoices, check inventory, and create financial reports.

So, Jurnal.id makes the preparation of company financial reports easier, safer, faster, more convenient, and the data can be accessed in real-time. Interestingly, Jurnal.id already has a high standard of security, ISO 27001, equivalent to a bank, so that the security of company data is guaranteed.

In addition, the Journal has many features in it such as:

• Purchase feature where there is a detailed and complete purchase order and invoice feature.
• Automatic invoicing and tax calculation.
• Cashlinks.
• Making financial reports and many other features.
• Stock Management

How to get business bookkeeping software from journals?

To be able to get business bookkeeping software from the Journal, you only need to purchase a business bookkeeping application at a very affordable price. For the Starter package, you only need to pay a fee of 199 thousand. The Pro plan costs 299 thousand, while the Enterprise package costs 499 thousand.

Now of course you already understand how easy it is to use business bookkeeping software along with the benefits that you can get when you have this application. For those of you who are interested in using this software but are not sure to buy it, you can try the free trial version for 14 days. For the way, of course, it's easy, you just need to register and then directly download the application. Through the Journal by Mekari program, grow your business right now. Because the Journal is the choice for the best financial management software in Indonesia today.

Those are some of the features in the online business bookkeeping software from the Journal. Of course, you can get a lot of convenience from one business bookkeeping program for all your business needs. Moreover, the system has been recorded automatically so it is very accurate and timely.

Jurnal by Mekari is also a very professional accounting application provider with more than 20.000 customers who have entrusted their application purchases to Jurnal. For those of you who are interested in the accounting application from the Journal but are still not sure about buying the application package, then you can try the free trial program for 14 days from the Journal which can be downloaded for free.

By using Journal, you can also access data in real-time, anytime, and anywhere. For those of you who are online shop owners, also take advantage of the online shop business bookkeeping application to help with your work. Enjoy the opportunity for a free trial of the Journal financial records application for 14 days.