Digital Bookkeeping and Financial Literacy Training for MSMEs in Medan City

Septony B. Siahaan; Junika Napitupulu; Dompak Pasaribu; Rimky M. Simanjuntak; Mulatua P. Silalahi; Wesly A. Simanjuntak; Tiur Rajagukguk; Merry A. Napitupulu; Hotlan  Butar-Butar; Sondang Marbun

doi:10.55927/jpmf.v4i2.23

Authors

Septony B. Siahaan Universitas Methodist
Junika Napitupulu Universitas Methodist
Dompak Pasaribu Universitas Methodist
Rimky M. Simanjuntak Universitas Methodist
Mulatua P. Silalahi Universitas Methodist
Wesly A. Simanjuntak Universitas Methodist
Tiur Rajagukguk Universitas Methodist
Merry A. Napitupulu Universitas Methodist
Hotlan Butar-Butar Universitas Methodist
Sondang Marbun Universitas Methodist

DOI:

https://doi.org/10.55927/jpmf.v4i2.23

Keywords:

MSMEs, Digital Bookkeeping, Financial Literacy, Financial Management, Financial Applications

Abstract

This community service program focuses on helping MSMEs in Medan become more knowledgeable and proficient in managing finances digitally. The goal is for them to be more confident in managing business finances, understand how to use digital bookkeeping applications, and be able to analyze business finances so that their businesses are more competitive and can survive for a long time. The method is, participants hold training using digital bookkeeping applications, workshops on financial planning, practice making simple financial reports, and education about financial products that are suitable for their small businesses. As a result, participants have become more proficient in digital bookkeeping; 87% of them can now use the application, and 78% can make more accurate financial reports. The main challenges are the lack of understanding of technology and laziness to move from manual to digital systems. To ensure that this program can continue, the community of MSMEs that are Financially Literate, so that they continue to learn and can share and consult with each other about finances.

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