Home⇛Business Research Journal⇛vol. 7 no. 1 (2021)

The Effectiveness of Accounting Software in the Micro, Small and Medium Businesses

Hazel Joy D. Chua | Kyla Joyce C. Lee

 

Abstract:

This study seeks to determine the efficiency of using accounting software for manufacturing, service, and merchandising on Micro, Small, Medium Enterprises (MSMEs) around Quezon City. Employees coming from the accounting departments were asked to participate in this study. The study used convenience sampling and nonprobability method. We used an adapted questionnaire from the School of Management Ethics committee, Cardiff Metropolitan University entitled “The impact of online accounting software as a credit management tool on small business cash flow.” The statistical treatment used to analyze the data was frequency and percentage for the demographic profile of the respondents, weighted mean to find the effectiveness of accounting software in MSME around Quezon city, and five-point Likert Scale to determine the mean of the results. To determine the significant difference between the variables, ANOVA was used. The data were carefully analyzed and processed. Hence, we concluded that the accounting software is practical for everyday transactions.



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