The series on capacity building as well as community service collaboration between the BRI Institute and Indonesia for Humanity (IKa) was held again. The fifth series in this capacity building series features Ayi Wahid as a speaker from the BRI Institute. One special thing in this fifth capacity building series was the presence of representatives from Circa Handmade and the Community of Ibu Jamu Sragen as IKa partners in the solidarity economy pilot program. In this series, an introduction to financial records for IKa partners is given.
Just as MSMEs are the micro, small and medium business side, the cycle of MSMEs is not far from policy makers, the market sector cycle and the MSME cycle. Broadly speaking, the MSME business and other crowdfunding are related to funds.
Talking about funds is not far from bookkeeping. Bookkeeping itself is the process of recording company data in a certain way from initial evidence to reporting.
Why is recording so important and necessary? Because with the existence of records, it can provide information for business people to plan, control, make decisions on production, prices and other aspects, this can be seen from the financial statements or profit and loss balance of the records, it can analyze company data and profit and loss from production.
In addition to recording, we also need to know who users of financial reports are and their functions. The first is the creditor: decides to make a loan or financing to the entity, the interest or yield rate, and the entity’s ability to settle the obligation at maturity.
The second investor: decides to give capital to the entity and the returns
The third is owner: the business owner has an interest in financial information to assess the performance of his business. Ayi Wahid (Lecturer at BRI Institute)
What needs to be understood in doing bookkeeping:
- Record all cash transactions in the cash book, pay attention to writing dates, descriptions, cash in / out columns and balances
- Pay attention to incoming money, note where it comes from
- Watch out for money, used for whatever purposes
- Save proof of transaction
- Pay attention to the match between the cash amount and the typical book ending balance
By sharing knowledge carried out by the BRI Institute and Indonesia for Humanity (IKa), we hope that it can help the community to better understand how MSMEs related to these funds can continue to run with well-planned bookkeeping.