Page 12 - IMR652_GROUP5_EMAGAZINE

2 Findings Problem Frequency Total Notebooks and receipt books were the most commonly
maintained records among respondents. were notebooks
(79%) and receipt books (75%). However, the usage of
(Table 3)
Male
Female
other essential books, such as cash books, sales books,
purchase books, and invoices, was relatively low. This
Nur Delina Hairuddin Cash book 4 (10%) 2 ( 5%) 6 ( 8%) indicates a lack of understanding among business owners
regarding the importance of these books. The records are
Sale book 4 (10%) 4 ( 5%) 8 (10%)
As per findings in Table 1 highlighted in record-keeping but lacks specific details maintained by respondents, but it does not explain why

the article, the majority of respondents on the sample size, methodology, and Purchase 3 ( 8%) - 3 ( 4%) certain books were preferred over others, and it would be
book
cited time-consuming record-keeping as potential biases. Further clarification and valuable to explore the potential impact of using specific
books on business performance. It would be helpful to
the primary obstacle, with male statistical analysis would strengthen the Invoice 2 ( 5%) 2 ( 5%) 4 ( 5%) investigate the reasons behind the preference for

entrepreneurs facing this issue more findings; it would be valuable to delve Receipts 28 (70%) 32 (80%) 60 (75%) notebooks and receipt books. Moreover, examining how
prominently. Other problems were deeper into the reasons behind the time- the utilization of different books relates to business
considered less significant. Lack of consuming nature of record-keeping while Notebook 31(78%) 32 (80%) 63 (79%) performance could provide actionable insights for small

awareness regarding the importance of exploring potential solutions or best business owners.
record-keeping was evident among small practices for efficient record-keeping could The information extracted from records, as per Table 4, Records Frequency
business owners, which provides an provide valuable insights for small was predominantly used for planning (70%) and decision- (Table 4) Male Female Total
making (23%) purposes. However, the qualities essential
overview of the problems associated with business owners. for effective decision-making were not fully met,

Frequency suggesting a lack of commitment among small business Planning 23 (58%) 33 (83%) 56 (70%)
Problem (Table 1) Total owners. While the findings provide insights into the
Male Female Decision
utilization of recorded information, the statement does 11 (28%) 7 (23%) 18 (23%)
Time consuming 27 (68%) 17 (43%) 44 (55%) Making
not elaborate on the specific shortcomings regarding
Accountants expensive 3 ( 8%) 2 ( 5%) 5 ( 6%) relevance, reliability, comparability, and consistency. Other 2 ( 5%) 1 ( 3%) 3 ( 4%)
Usefulness not seen 3 ( 8%) 2 ( 5%) 5 ( 6%) Further explanation and analysis would enhance the

Accounts Difficult 1 ( 3%) 1 ( 3%) 2 ( 3%) understanding of these issues. Offering recommendations It would be beneficial to delve deeper into the reasons
to improve the relevance, reliability, comparability, and behind the shortcomings in meeting the qualities required
In order to provide a
Including more context on Kibuka's perspective consistency of record information would be valuable, and for effective decision-making.
comprehensive understanding per
would add depth to the discussion as per Table Table 5 shows the record-keeping rates in different types
the majority of respondents (74%) 2, which provides insights into the record- Individual owned Partnership of businesses, but it does not discuss potential reasons
kept records, with a higher keeping practices of respondents, but it does not Records behind these differences or their implications. Further
(Table
percentage of female 50 analysis and contextualization would strengthen the
explain the reasons behind the discrepancy Male Female Male Female findings. Partnership businesses exhibited a higher rate
entrepreneurs showing interest. between male and female entrepreneurs and of record-keeping (100%) compared to individually owned

The findings support the notion mentioning Kibuka's view lacks context and 26 27 2 4 businesses (72%). Female-owned businesses had a higher
that maintaining records allows Yes (68%) (75%) (100%) (100%) record-keeping rate (75%) than male-owned businesses
could benefit from further elaboration.
for regular assessment of business (68%), potentially due to greater accountability
Records Frequency requirements in partnerships and the influence of female
performance., it would be Total 12 9
(Table 2) Male Female No - - entrepreneurs. Suggested by examining how record-
beneficial to explore the factors (32%) (25%) keeping practices contribute to the success and growth of
Kept record 28 (70%) 31(77%) 59(74%)
contributing to the higher record- partnership businesses could provide practical insights
keeping rates among female No record 12(30%) 9(23%) 21(26%) Total 38 36 2 4 and to explore the factors driving the higher record-
keeping rates in partnership businesses and the influence
entrepreneurs. Total 40 80 (100) of female ownership.

JULY | 2023 The Influence of Business Records on Business Performance 12