Main Article Content
Abstract
Purpose: The purpose of this study is to explore the importance of effective financial record management practices and efficient marketing techniques for Micro, Small, and Medium Enterprises (MSMEs) in escalating corporate competition.
Study design/methodology/approach: This study adopts an exploratory approach to examine the role of accounting as a methodical process encompassing the recording, classification, consolidation, manipulation, and communication of financial information, transactions, and events. It also explores how integrating technology can amplify product marketing endeavors for MSMEs.
Findings: The study finds that adopting effective financial record management practices and efficient marketing techniques is crucial for MSMEs in today's competitive business environment. Accounting serves as an essential instrument in aiding financial planning and administration, while the integration of technology facilitates broader outreach to a more comprehensive demographic of consumers.
Originality/value: This study highlights the importance of financial record management and marketing for MSMEs and provides insights into how accounting and technology can contribute to their success. The study also emphasizes the significance of providing educational resources, advisory services, and assistance in accounting, finance, and digital marketing to help individuals gain knowledge and improve their financial and marketing skills.
Keywords
Article Details

This work is licensed under a Creative Commons Attribution 4.0 International License.
References
- Abdin, R. (2019). Contributions of MSMEs to employment, resource utilization, and income generation. Small Business Economics, 30(4), 221-235.
- Brinkerhoff, D. W. (2002). The success case method: Find out quickly what's working and what's not. Berrett-Koehler Publishers.
- Chaffey, D., & Ellis-Chadwick, F. (2019). Digital marketing: Strategy, implementation and practice. Pearson UK.
- Eyler, J., Giles, D. E., Jr., Stenson, C. M., & Gray, C. J. (2001). At a glance: What we know about the effects of service-learning on college students, faculty, institutions, and communities, 1993-2000: Third Edition. Learn and Serve Clearinghouse.
- Gusnardi. (2020). The Use of Online Media in Accounting Education During the COVID-19 Pandemic: A Literature Review. Journal of Accounting Education, 58, 100694. https://doi.org/10.1016/j.jaccedu.2020.100694
- Harale, S. (2016). Impact of MSMEs on per capita income, total production, employment, and exports. International Journal of Business and Economics, 15(3), 102-115.
- Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013). Financial literacy, financial education, and economic outcomes. Annual Review of Economics, 5(1), 347-373. https://doi.org/10.1146/annurev-economics-082912-110908
- Lasker, R. D., Weiss, E. S., & Miller, R. (2001). Partnership synergy: A practical framework for studying and strengthening the collaborative advantage. The Milbank Quarterly, 79(2), 179-205. https://doi.org/10.1111/1468-0009.00203
- Lubis, F. (2021). The vital role of MSMEs in economic recovery during the Covid-19 pandemic. Journal of Economic Resilience, 5(2), 67-79.
- Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5-44. https://doi.org/10.1257/jel.52.1.5
- Masri, A. (2020). Mosque-Based Financial Management Training: A New Avenue for Community Empowerment. Journal of Islamic Accounting and Business Research, 11(2), 354–370. https://doi.org/10.1108/JIABR-07-2019-0152
- Mawoli, S. (2013). Challenges faced by MSMEs: Inadequate infrastructure, low access to finance, and inconsistent economic policies. Journal of Small Business Management, 25(1), 78-92.
- Mohammed, A. (2011). Enhancing Accounting Education: An Evaluation of Innovative Teaching Methods. Journal of Accounting Education, 29(3), 127-137 https://doi.org/10.1016/j.jaccedu.2011.03.004
- Moorthy, K. (2022). Digital Marketing Literacy and Entrepreneurial Behavior: A Study Among Small and Medium Enterprises in Malaysia. Journal of Marketing Communications, 1-18. https://doi.org/10.1080/13527266.2022.2039527
- Pasolo, M. R., Sondjaya, Y., Muslim, M., & Fitriawati, F. (2023). Factors that influence Business Sustainability: Evidence from MSMEs in Papua Province, Indonesia. SEIKO: Journal of Management & Business, 6(1), 326-336.
- Putri, A. (2021). The role of MSMEs in national economic development. Journal of Economic Studies, 10(2), 45-58.
- Yosefin, R. (2023). The Effectiveness of Digital-Based Accounting Training: A Meta-Analysis. Journal of Accounting Research, 45(2), 189-204. https://doi.org/10.1111/JOAR.12272
- Yudha, B. (2021). Practical Teaching Methods in Finance Education: A Case Study of Indonesian Universities. Journal of Finance Education, 47(4), 101-115. https://doi.org/10.2139/ssrn.3646821
- Zahruddin, S. (2019). Bridging the Gap Between Theory and Practice: The Importance of Practical Training in Accounting Education. Journal of Accounting Pedagogy.
References
Abdin, R. (2019). Contributions of MSMEs to employment, resource utilization, and income generation. Small Business Economics, 30(4), 221-235.
Brinkerhoff, D. W. (2002). The success case method: Find out quickly what's working and what's not. Berrett-Koehler Publishers.
Chaffey, D., & Ellis-Chadwick, F. (2019). Digital marketing: Strategy, implementation and practice. Pearson UK.
Eyler, J., Giles, D. E., Jr., Stenson, C. M., & Gray, C. J. (2001). At a glance: What we know about the effects of service-learning on college students, faculty, institutions, and communities, 1993-2000: Third Edition. Learn and Serve Clearinghouse.
Gusnardi. (2020). The Use of Online Media in Accounting Education During the COVID-19 Pandemic: A Literature Review. Journal of Accounting Education, 58, 100694. https://doi.org/10.1016/j.jaccedu.2020.100694
Harale, S. (2016). Impact of MSMEs on per capita income, total production, employment, and exports. International Journal of Business and Economics, 15(3), 102-115.
Hastings, J. S., Madrian, B. C., & Skimmyhorn, W. L. (2013). Financial literacy, financial education, and economic outcomes. Annual Review of Economics, 5(1), 347-373. https://doi.org/10.1146/annurev-economics-082912-110908
Lasker, R. D., Weiss, E. S., & Miller, R. (2001). Partnership synergy: A practical framework for studying and strengthening the collaborative advantage. The Milbank Quarterly, 79(2), 179-205. https://doi.org/10.1111/1468-0009.00203
Lubis, F. (2021). The vital role of MSMEs in economic recovery during the Covid-19 pandemic. Journal of Economic Resilience, 5(2), 67-79.
Lusardi, A., & Mitchell, O. S. (2014). The economic importance of financial literacy: Theory and evidence. Journal of Economic Literature, 52(1), 5-44. https://doi.org/10.1257/jel.52.1.5
Masri, A. (2020). Mosque-Based Financial Management Training: A New Avenue for Community Empowerment. Journal of Islamic Accounting and Business Research, 11(2), 354–370. https://doi.org/10.1108/JIABR-07-2019-0152
Mawoli, S. (2013). Challenges faced by MSMEs: Inadequate infrastructure, low access to finance, and inconsistent economic policies. Journal of Small Business Management, 25(1), 78-92.
Mohammed, A. (2011). Enhancing Accounting Education: An Evaluation of Innovative Teaching Methods. Journal of Accounting Education, 29(3), 127-137 https://doi.org/10.1016/j.jaccedu.2011.03.004
Moorthy, K. (2022). Digital Marketing Literacy and Entrepreneurial Behavior: A Study Among Small and Medium Enterprises in Malaysia. Journal of Marketing Communications, 1-18. https://doi.org/10.1080/13527266.2022.2039527
Pasolo, M. R., Sondjaya, Y., Muslim, M., & Fitriawati, F. (2023). Factors that influence Business Sustainability: Evidence from MSMEs in Papua Province, Indonesia. SEIKO: Journal of Management & Business, 6(1), 326-336.
Putri, A. (2021). The role of MSMEs in national economic development. Journal of Economic Studies, 10(2), 45-58.
Yosefin, R. (2023). The Effectiveness of Digital-Based Accounting Training: A Meta-Analysis. Journal of Accounting Research, 45(2), 189-204. https://doi.org/10.1111/JOAR.12272
Yudha, B. (2021). Practical Teaching Methods in Finance Education: A Case Study of Indonesian Universities. Journal of Finance Education, 47(4), 101-115. https://doi.org/10.2139/ssrn.3646821
Zahruddin, S. (2019). Bridging the Gap Between Theory and Practice: The Importance of Practical Training in Accounting Education. Journal of Accounting Pedagogy.