FINANCIAL REPORTING IN SUPPORTING THE DEVELOPMENT OF TRADITIONAL CAKE BUSINESS (HOME INDUSTRY STUDY IN MAKASSAR CITY, IN INDONESIA

Author: Dr Rustan

ABSTRACT

The type of qualitative research through a phenomenological approach, while the results showed that recording financial statements for traditional cake businesses in Makassar City is a crucial aspect in maintaining the financial health and growth of their business. In a competitive environment, a clear understanding of cash flow, income, and expenses is key to making the right decisions. They often use simple record-keeping systems such as cashbooks or Excel spreadsheets, but there are still those who have not used accounting as a whole. Good record-keeping involves separating business transactions from personal transactions, carefully recording all income and expenses, and accounting for tax aspects. Although the baking industry environment is full of competition, a clear understanding of cash flow, income, and expenses is key to making the right decisions. By carefully recording every transaction

Keywords: Business, Reporting, Financial, Business, Traditional

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