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2 CONCLUSION

Nur Delina Hairuddin

The majority of entrepreneurs prioritized immediate cash over long-term business
prospects, as reflected in their choice of records. Factors such as hard work, adequate

capital, and effective management were identified as crucial contributors to business
performance. The level of education, ownership structure, training, business growth,

and age influenced record-keeping practices. Lack of time, high professional fees, and
Hard work, complex record-keeping systems were identified as barriers to maintaining accurate

records. The article concludes that most entrepreneurs keep records solely for

adequate capital, computing profit and loss accounts, demonstrating their focus on immediate cash. It
further suggests that education, training, and ownership type positively influence

record-keeping practices. Small business owners often neglect record-keeping due to
and effective perceived insignificance and reliance on memory for financial calculations.

management to The conclusion effectively summarizes implications and challenges, provided

the study's findings and recommends
more concrete recommendations based
maintain business that entrepreneurs receive training in on the study's results, suggesting

their
practical steps for entrepreneurs to
improve
record-keeping
to
improve their accounting practices and
business performance and provides
performance. valuable insights into the influence of subsequently Discussing potential
business
enhance
on
records
performance.
business
business
performance, as well as highlights the
investigating the impact of digital
positive relationship between avenues for future research, such as
maintaining accounting records and record-keeping systems or exploring
business performance, emphasizing the the role of record-keeping in different
significance of hard work, adequate industries, added depth to the
capital, and effective management. conclusion. Overall, the article

However, there are areas for effectively highlights the importance of
improvement such as offered further maintaining proper accounting records

insights into implementing such and provides a valuable foundation for
training programs' potential future research.

JULY | 2023 The Influence of Business Records on Business Performance 13