Guidelines for Managing the Accounting System of Retail Businesses in the Digital Age with the POSDCoRB Strategy

Abstract

Guidelines for Managing Accounting Systems in Retail Businesses in the Digital Era Using POSDCoRB Strategy.The objective is to study POSDCoRB as a strategy for managing accounting systems in modern retail businesses. This study uses secondary data, conducting research from various documents and sources. Document analysis is employed as the research tool, and results are reported through analytical descriptions. The study findings are as follows. 1) Planning Effective planning allows retail businesses to select appropriate accounting software and POS systems, enhancing the accuracy and efficiency of sales data recording and inventory management. Additionally, setting clear financial goals provides businesses with a definitive operational direction. 2) Organizing A well-defined organizational structure helps ensure that employees work efficiently. 3) Staffing Recruiting and training employees with digital technology skills increases work efficiency and accuracy. 4) Directing The use of technology in management facilitates easier tracking and administration. 5) Coordinating Utilizing digital systems for effective inter-departmental coordination helps reduce confusion and errors. 6) Reporting Real-time financial reporting helps track financial status and supports accurate financial decision-making. 7) Budgeting Creating and monitoring budgets enables businesses to control spending efficiently. Adjusting budgets based on actual situations ensures that spending aligns with the planned objectives. Conclusion Implementing the POSDCoRB strategy will enhance the efficiency of accounting and financial management, increasing competitiveness in the digital era. This contributes to the sustainable survival of the business.