scholarly journals Artificial Intelligence in Automated Bookkeeping: A Value-added Function for Small and Medium Enterprises

2021 ◽  
Vol 5 (3) ◽  
pp. 224
Author(s):  
Nurul Akmar Azman ◽  
Azlinah Mohamed ◽  
Amsyar Mohmad Jamil
Keyword(s):  
Artificial Intelligence ◽  
Optical Character Recognition ◽  
Small And Medium Enterprises ◽  
Value Added ◽  
Accounting System ◽  
Document Recognition ◽  
Record Keeping ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Medium Enterprises

Bookkeeping plays a vital role in dealing with records of day-to-day financial transactions from invoices until payment. It is also a method of documenting all company transactions in order to create a collection of accounting documents. Studies show that an evolution of bookkeeping management from manual record keeping to electronic record keeping had simplified most burden of bookkeepers as well as more reliable and accurate. Bookkeeping includes, in particular, classifying items correctly and entering financial details into an accounting system. However, with the rise of artificial intelligence, automated bookkeeping system is common to large businesses tasks at real time with hassle free. The system will function more than just journal management but also a decision-making tool to any businesses. Despite the benefits of the system, many small and medium enterprises especially in Malaysia still hesitate to implement the system. Artificial intelligence will further improve automated bookkeeping making it simpler and efficient for all levels of businesses. This paper presents an Artificial Intelligence perspective and methods used in automated bookkeeping focuses on invoices processes such as Optical Character Recognition (OCR), for document recognition, machine learning and auto journal record entries. Besides that, its challenges to be implemented in small and medium enterprise. The result of these studies highlighted benefits in the automated bookkeeping process to suit Malaysian small and medium enterprises. Future work will look at the suggested intelligence features to be implemented for a more efficient automated bookkeeping for small and medium enterprise.

SOSIALISASI PENDAFTARAN NPWP BAGI PRIBADI DAN PEMILIK UMKM DI DESA KANGKUNG, KECAMATAN MRANGGEN KABUPATEN DEMAK

2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Maya Aresteria ◽  
Apip Apip ◽  
Deddy Sulestiyono ◽  
Rosdayah Fairuz Hitsotsu
Keyword(s):  
Community Service ◽  
Small And Medium Enterprises ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Training Activities ◽  
Medium Enterprises ◽  
Service Location ◽  
And Training

ABSTRACT -  Small and Medium Enterprise (SME) also known as UMKM is growing rapidly and has become one of many sectors to support the Indonesian Economy. The lack of ability to have NPWP has been a problem for UMKM and also people. The same problem also found at UMKM in Kangkung Village. The purpose of this community service is to train the entrepreneurs about preparing and register oneself to get a NPWP. This community service is consist of four steps which started by survey of service location then collecting data on village potentials and the role of the community , Preparation for the implementation of assistance and training and training activities. After participating in the training, the entrepreneurs become more understanding and can register NPWP. This community service is expected to be held continuously for the UMKM in Kangkung village Keywords: Small and Medium Enterprises, UMKM, NPWP

scholarly journals Perception towards Regulatory Burden on Small and Medium Enterprises Performance: A Case Study in Shashemene Town, West Arsi Zone, Ethiopia

2020 ◽  
Vol 10 (1) ◽  
pp. 294
Author(s):  
Ofgaha Alemu Dire ◽  
Wegene Bekele Bekelcha
Keyword(s):  
Small And Medium Enterprises ◽  
Business Owners ◽  
Research Approach ◽  
Policy Makers ◽  
Regulatory Burden ◽  
Small And Medium Enterprise ◽  
Arsi Zone ◽  
Medium Enterprise ◽  
Broad Objective ◽  
Medium Enterprises

The study focuses on “perception towards regulatory burden on small and medium enterprise performance” in Shashemene town, west Arsi zone, Oromia regional state, Ethiopia. The study adopted a qualitative research approach to address broad objective through answering research questions developed by a researchers. Specifically, this study used questionnaire to collect data from SMEs business owners, managers and employees and in-depth interview conducted. Data was analyzed by using descriptive statistics. The information obtained from a samples of the 140 small and medium enterprise and through face-to-face interview of 10 owners of SMEs business. The respondents were selected using stratified sampling techniques. The result of the study show that small and medium enterprise challenges from different factors as they perceived from the challenges of regulatory burden and identifies mechanisms used to mitigate problems from regulatory burden and how much the regulators have smooth contact with them and to what extent regulators made inspections. Moreover, the result indicated the perception of SMEs businesses towards regulatory burden. As a whole, the study suggests a series of measures should be taken by government policy, makers and regulators for SMEs performance. Researchers’ conclude and recommend that government bodies, Small and medium enterprise business owners, managers, employees and policy makers should focus on regulation to reduce regulatory burden on small and medium enterprises.

scholarly journals EVALUATION OF MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT PROGRAM IN PT FREEPORT INDONESIA

2017 ◽  
Vol 1 (02) ◽  
pp. 19-26
Author(s):  
Theresia Oktavia
Keyword(s):  
Small And Medium Enterprises ◽  
Evaluation Model ◽  
Development Program ◽  
Secondary Data ◽  
Product Evaluation ◽  
Primary Data ◽  
Small And Medium Enterprise ◽  
Overall Evaluation ◽  
Medium Enterprise ◽  
Medium Enterprises

This research is aimed to evaluate  the implementation of Micro, Small and medium enterprise development Program in PT Freeport Indonesia. The method used for this research was qualitative descriptive, using CIPP (Context, Input, Process, and Product) evaluation model. Primary data was obtain through interviews and observation, and secondary data document study. The results showed that Program Context, Input and process were classified as high category, while   outcomes as moderate categories. The overall evaluation shows Moderate categories.The Program was rendered effective to achieve the goal of enhancing the Micro, Small and Medium enterprise Development.It should be continued and further enhanced by the management to acquire better enterprise graduates.Keywords: Evaluation of Program, Micro, small and medium enterprise, PT Freeport Indonesia

Borrower Discouragement: Loan Delays and Loan Rejection: Evidence from MSMEs in the State of Assam in India

2020 ◽  
Vol 47 (2) ◽  
pp. 95-103
Author(s):  
Rashmi Sarda ◽  
Devi Baruah
Keyword(s):  
Regional Development ◽  
Small And Medium Enterprises ◽  
Export Promotion ◽  
Vital Role ◽  
The State ◽  
Bank Credit ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Employment Generation ◽  
Medium Enterprises

In India micro, small and medium enterprises (MSMEs) play a vital role in the development of economy through their contribution to GDP, employment generation, regional development, export promotion, etc. Irrespective of the achievements of the small and medium enterprise (SME) sector, there are certain issues which eclipse desired growth. Availability of ample and timely credit at reasonable rate of interest is vital for the development of these sectors. There seems to be a gap between demand for and supply of the bank credit to SMEs. The delay in processing of credit and the rate of rejections discourage the borrowers from applying for credit. Hence, this article aims to analyse the discouragement faced by MSME loan applicants from the evidence of rejections and delays in advancing loans in Jorhat district in the state of Assam in India.

Doing International Business Online for the Small and Medium Enterprise

2011 ◽  
pp. 195-209
Author(s):  
Sam Edwards
Keyword(s):  
International Business ◽  
Small And Medium Enterprises ◽  
Legal Professionals ◽  
Online Transactions ◽  
Doing Business ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Medium Enterprises

This chapter is designed to address the primary difficulties small and medium enterprises face when doing business online with international partners. The guidance provided in this chapter is primarily for at owners of small and medium enterprises rather than legal professionals. The two main problems inhibiting online transactions are a lack of trust between the parties and the risk inherent in the transaction. This chapter analyzes ways to address these problems. Many of the practical suggestions in this chapter are inspired not by million dollar deals but by playground transactions between children. Often the simple solutions are the best ones.

scholarly journals Analysis of the Participation of Micro, Small, and Medium Enterprises (MSMEs) Taxpayers in Utilizing Tax Incentives Affected by the COVID-19 Pandemic

2021 ◽  
Vol 5 (1) ◽  
pp. 71
Author(s):  
Imam Agus Faisol ◽  
Tito IM. Rahman Hakim
Keyword(s):  
Small And Medium Enterprises ◽  
Financial Burden ◽  
Value Added ◽  
Tax Incentives ◽  
Incentive Scheme ◽  
Tax Incentive ◽  
Medium Enterprise ◽  
The Government ◽  
Medium Enterprises ◽  
Depth Interviews

This study aims to assess the effectiveness of the COVID-19 tax incentives that the government has issued. It focused on Micro, Small, and Medium Enterprises (MSMEs) taxpayers to participate in COVID-19 tax incentives. Using a qualitative method, this study used in-depth interviews with 2 informants who were a tax consultant and a small-medium enterprise accountant. The findings show that the effectiveness of the COVID-19 tax incentive is still lacking, and it is in line with the participation of MSMEs that is still low in utilizing tax incentives. The low participation of MSMEs in utilizing tax incentives can be seen from the data, which shows that after 5 months of running the program, out of around 2.3 million MSMEs, only 200,000 have taken advantage of this facility. The tax consultant states that the scheme that has been implemented in mitigating the financial burden of MSMEs is not effective for the object of incentives in not substantial. The informant suggests incentives to cover value-added tax also. The government is expected to create a new and better incentive scheme. The new incentive scheme is also to provide an equilibrium of responsibility for both government and society. This paper contributes theoretically by examining new types of tax incentives, namely COVID-19 tax incentives, and helping policymakers make better tax incentive schemes in the future.

scholarly journals Small and Medium Enterprises (SMEs) Financing in Bangladesh: A Review of Literature

2018 ◽  
Vol 1 (1) ◽  
pp. 11-15
Author(s):  
K. M. Anwarul Islam ◽  
Md. Rezaul Karim Miajee
Keyword(s):  
Small And Medium Enterprises ◽  
Review Of Literature ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Medium Enterprises

The paper has talked about writing accord among approach creators, financial specialists, and business specialists that small and medium enterprise (SMEs) are drivers of monetary development. A sound SME segment contributes unmistakably to the economy through making greater work openings, creating higher generation volumes, expanding sends out and presenting advancement and enterprise skills.The dynamic job of SMEs in creating nations safeguards them as motors through which the development targets of creating nations can be accomplished.

scholarly journals Invoices Classification Using Deep Features Based on SME Perspectives

2021 ◽  
Author(s):  
Nurul Akmar Azman ◽  
Azlinah Mohamed ◽  
Amsyar Mohmad Jamil
Keyword(s):  
Artificial Intelligence ◽  
Deep Learning ◽  
Learning Model ◽  
Discussion Section ◽  
Validation Data ◽  
Record Keeping ◽  
Small And Medium Enterprise ◽  
Lower Productivity ◽  
Medium Enterprise ◽  
Deep Learning Model

Abstract Automation is seen as a potential alternative in improving productivity in the twenty-first century. Invoicing is the essential foundation of accounting record keeping and serves as a critical foundation for law enforcement inspections by auditing agencies and tax authorities. With the rise of artificial intelligence, automated record keeping systems are becoming more widespread in major organizations, allowing them to do tasks in real time and with no effort as well as a decision-making tool. Despite the system's benefits, many small and medium-sized businesses, particularly in Malaysia, are hesitant to implement it. Invoices are mostly processed manually that prone to human errors and lower productivity of the company. Artificial intelligence will further improve automated invoice handling making it simpler and efficient for all levels of businesses especially the small and medium enterprise This study presents a deep learning approach on record keeping focusing on invoices recognition by detecting invoice image classification. The deep learning model used in this research including the classic architecture of Convolutional Neural Network and its other variation such as VGG-16, VGG-19 and ResNet-50. Besides that, the constrains and expectation of the system to be implemented in small and medium enterprise in Malaysia are also presented in the interview scores. The research highlighted a comparison result between deep learning model and the perspective of SME presented in the discussion section. ResNet-50 shows a significant value in both training and validation accuracy compared to the other models with 95.90% accuracy in training and 74.24% accuracy for validation data. Future work will look at the suggested other deep learning method and intelligence features to be implemented for a more efficient invoices recognition and for small and medium enterprise.

scholarly journals Development of small and medium enterprises in Serbia

2021 ◽  
Vol 7 (2) ◽  
pp. 47-64
Author(s):  
Marko Pavlović ◽  
Jovanka Popović ◽  
Dragan Turnjanin
Keyword(s):  
Data Processing ◽  
Development Strategy ◽  
Small And Medium Enterprises ◽  
Management Team ◽  
Enterprise Development ◽  
Small And Medium Enterprise ◽  
The Future ◽  
Medium Enterprise ◽  
Statistical Program ◽  
Medium Enterprises

The paper presents an analysis of attitudes of management or the management team of entrepreneurs in Serbia, which relate to examining attitudes regarding innovations in the future. The paper used a questionnaire, conceived by the authors on the basis of existing research and adapted it to this research. The research was conducted on the entire territory of Serbia. The total number of respondents in Serbia is 50. Data processing was done with the help of the statistical program SPSS version 23. Based on views of respondents, certain conclusions were reached on what is necessary to do in the future, given that in 2020 the country adopts a new small and medium enterprise development strategy plan.

scholarly journals Determinants of small and medium enterprises with the interaction effect of managerial activities

2020 ◽  
Vol 9 (4) ◽  
pp. 153-160
Author(s):  
Muhammad Asif Khan ◽  
Marium Burki
Keyword(s):  
Interaction Effect ◽  
Trade Credit ◽  
Small And Medium Enterprises ◽  
Poor Performance ◽  
Developed Countries ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Commercial Loans ◽  
Performance Development ◽  
Medium Enterprises

The financial system and capital market in developed countries are more developed as compare to emerging countries. Firms like small and medium enterprise (SMEs) needs finance to operate their business and make a competitive position in the market. In an emerging country like Pakistan, SMEs face a lot of financial and non-financial obstacles that may relate to the poor performance of SMEs. This study investigates the relationship between commercial loans, retain earnings, trade credit, managerial activities, and SME's performance. This study also investigates the interaction effect of managerial activities between independent variables and dependent variables.  A survey was conducted in a small and medium enterprise of KPK Pakistan. Data were collected from 362 employees. SPSS (Statistical Package for the Social Sciences) software was employed for data analysis for descriptive and regression analysis. The finding confirmed that commercial loans, trade credit, retained earning have a positive and significant impact upon SME's performance. It is also found that managerial activities have played a mediating role and increased the performance of SMEs. Among variables under study, the more trade credit activities, the higher the performance of the SMEs is observed. Based on this study's results, Leaders, supervisors, and managers are those employees having a substantial role in the performance, development, failure, and success of an organization. Managerial activities are vital for a manager for the purpose to know what should be done in different circumstances and improve overall performance and accomplish organizational goals.

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