Accounting System of Small and Medium Enterprises in Phitsanulok Province: The Sector Analysis
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Abstract
This research aims to 1) study problems and requirements of small and medium business entrepreneurs in Phitsanulok Province regarding accounting systems, and 2) study guidelines for the development of accounting systems. This research focused on three groups of industries comprising of manufacturing, trading and service sectors, while a mixed-method approach was applied. The results show that the overall opinion of the entrepreneurs in the three industrial sectors on the accounting system problems such as the availability of input elements, the readiness of accounting processes and the quality of accounting information were at a moderate level. While, the qualitative research results revealed that all the three industrial sectors lack personnel with accounting knowledge and lack good internal control. Moreover, the guidelines for the development of accounting systems were a provision of effective accounting software packages, staff training and providing good internal control in the organization.
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