ANALYZING THE NEEDS OF FINANCIAL STATEMENTS FOR VILLAGE-OWNED ENTERPRISES TO IMPROVE THE EFFICIENCY

Abstract

This study aims to analyze the need for financial statements in Village-Owned Enterprises (BUMDes) in order to improve efficiency in the preparation and reporting of financial statements. BUMDes, which manage various business units, such as trading, rental services, telecommunications, savings and loans, and clean water management, face challenges in terms of effective and accurate financial recording and reporting. Different types of expenses, income, assets, liabilities, and equities must be carefully recorded to ensure transparent, accountable, and accountable financial statements. This study found that BUMDes financial recording is currently still semi-manual, with the use of Microsoft Excel as the main tool. This shows the need for a more integrated and automated accounting system, in order to minimize recording errors and increase efficiency. In addition, the limited ability of human resources to use digital technology is one of the obstacles that hinders the process of preparing efficient financial statements. Therefore, continuous training and mentoring are needed in the use of modern accounting technology. The recommendations of this study include increasing the use of digital technology, training staff in managing technology-based financial statements, and the implementation of a cloud-based accounting system that can be integrated with other functions such as inventory and project management. With these measures, BUMDes is expected to improve the efficiency and accuracy of their financial statements, which in turn will support transparency and accountability in village financial management.