International Journal For Multidisciplinary Research
E-ISSN: 2582-2160
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Volume 6 Issue 6
November-December 2024
Indexing Partners
Effect of Bookkeeping on Financial Performance of Agribusiness Enterprises in Mbale City
Author(s) | Mabonga Eric, Nankya Christine Kiige, Omache Henry, Maena Daniel, Mudde Cepher Mabberi |
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Country | Uganda |
Abstract | This study delves into the relationship between bookkeeping practices and the financial performance of agribusiness enterprises in Mbale City. A mixed-method approach was employed, combining quantitative data collected via questionnaires and qualitative insights gathered from interviews with management personnel. The findings reveal a significant correlation between robust bookkeeping practices and enhanced financial performance. Statistical analyses, including regression models and ANOVA, affirm that effective bookkeeping accounts for a substantial portion of the variance in financial performance among these enterprises. Notably, the study showcases that bookkeeping practices positively impact financial performance by nearly 30%. These results underscore the critical role of meticulous record-keeping in shaping the fiscal health and future strategies of agribusiness enterprises. The study aligns with previous research highlighting the pivotal link between accounting records, business performance, and informed decision-making. Interviews with participants further confirm the emphasis placed on comprehensive record-keeping in driving operational efficiency and strategic planning within these enterprises. |
Keywords | Bookkeeping, Financial performance, Agribusiness, Enterprises |
Field | Business Administration |
Published In | Volume 6, Issue 3, May-June 2024 |
Published On | 2024-05-24 |
Cite This | Effect of Bookkeeping on Financial Performance of Agribusiness Enterprises in Mbale City - Mabonga Eric, Nankya Christine Kiige, Omache Henry, Maena Daniel, Mudde Cepher Mabberi - IJFMR Volume 6, Issue 3, May-June 2024. DOI 10.36948/ijfmr.2024.v06i03.20976 |
DOI | https://doi.org/10.36948/ijfmr.2024.v06i03.20976 |
Short DOI | https://doi.org/gtwmq8 |
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