Single-Entry Financial Accounting Literacy for Micro-Enterprises: Case Study on Micro Knitwear Business in Bandung City

Agus - Rohiman (1)
(1) LPMI Fakultas Ekonomi UNFARI
https://doi.org/10.53675/icosei.v1i1.1496
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Issue
Vol. 1 No. 1 (2025)
Submitted
2025-08-17
Published
2025-10-07
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Abstract

This study analyzed the level of financial accounting literacy among micro-entrepreneurs in Bandung city's knitwear industry through the implementation of single-entry accounting methods using a qualitative descriptive approach. Data collection utilized semi-structured interviews, direct observations, and document analysis conducted with fifteen micro knitwear entrepreneurs selected through purposive sampling. Thematic analysis revealed that 87% of participants demonstrated inadequate financial literacy characterized by unsystematic transaction recording, absence of structured financial reports, and poor separation between personal and business finances. The single-entry method implementation showed significant improvement in cash flow accuracy (65% increase) and simplified financial reporting capabilities among participants. However, limitations remained in comprehensive financial information presentation, particularly regarding asset valuation and liability tracking. The study contributes to financial literacy literature by providing empirical evidence on single-entry accounting adoption barriers and benefits in micro-enterprise contexts. Findings suggest that single-entry methods serve as practical transitional tools for developing systematic financial management practices among micro-entrepreneurs, particularly in traditional industries with limited technological adoption.

Authors

Agus - Rohiman
LPMI Fakultas Ekonomi UNFARI
https://orcid.org/0000-0002-8470-1036 (unauthenticated)
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How to Cite

Single-Entry Financial Accounting Literacy for Micro-Enterprises: Case Study on Micro Knitwear Business in Bandung City. (2025). Proceeding International Conference On Sustainable Environment And Innovation (ICOSEI), 1(1). https://doi.org/10.53675/icosei.v1i1.1496

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