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| Assessment of Computerized Record Keeping on Performance of Business Enterprises in Osun State, Nigeria |
Makinde-Ojo, Yetunde Adeola; Samuel, Oladele Obisesan; Popoola, Elizabeth Toluwani; Mbah, Fatima Imike; Adegbola, Muritala Makinde; Adeyemi, Moses Sunday
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Abstract:
This work asses the use of computerized record keeping on performance of business enterprises in Osun State, Nigeria. The specific objectives are to: assess the types of record keeping systems employed by SMEs operating in Osun State; examine the extent to which SMEs use computerized record keeping in their business activities in Osun State; investigate the benefits with the use of computerized record keeping system by SMEs in Osun State; and determine the challenges facing SME Operators with the use of computerized record keeping system in the Osun State. This research adopts a descriptive survey design. The sampling techniques employed for this study are stratified and simple random sampling methods. The instrument used for this study was obtained from primary data. The primary data was obtained through properly structured questionnaire. The data collected was analyzed using descriptive and inferential statistical methods. The descriptive statistics of frequency distribution, percentages mean and standard deviation were used to analyze and relate variables which were obtained from the administered questionnaire. The findings show that manual form of keeping financial record is being employed by SMEs in managing their books and records. Most of the SMEs operators confirmed that the most widely used form of financial record keeping systems is the daily sales (cash receipt) book. This study discovers that that majority of SME operators in Osun State do not employ a computerized record keeping systems in their cash management procedures, preparing accounts receivable, inventory management activities among other financial recording keeping. Also the study reveals that most SME operators do not use computerized record keeping systems to prepare financial reports which do have negative effects on their operations. It was also revealed by the study that majority of SME operators do believe and are in agreeable terms that computerized record keeping systems make it easier and quicker in making business decisions, help in making efficient and effective use of resources. Therefore, it is worth concluding that the inability of SME operators to use computerized record keeping systems in their daily record keeping activities leads to negative effects on their operations.
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