International Journal For Multidisciplinary Research

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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
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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