THE SIGNIFICANCE OF BOOK-KEEPING IN SMALL GROCERY SHOPS: A PATH TO FINANCIAL EFFICIENCY

Naitika Anand Band; Medha Kanetkar

doi:10.29121/shodhkosh.v5.i7.2024.4421

THE SIGNIFICANCE OF BOOK-KEEPING IN SMALL GROCERY SHOPS: A PATH TO FINANCIAL EFFICIENCY

Authors

Naitika Anand Band Research Scholar, C.P. & Berar E. S. College, Tulsibag, Mahal Nagpur, Dist. Nagpur.
Dr. Medha Kanetkar Professor, C.P. & Berar E. S. College, Tulsibag, Mahal Nagpur, Dist. Nagpur.

DOI:

https://doi.org/10.29121/shodhkosh.v5.i7.2024.4421

Keywords:

Book-keeping, Inventory Management, Small Grocery Shops, Financial Efficiency, Restocking Decisions, Overstocking Prevention, Business Sustainability, Cash Flow Management

Abstract [English]

Effective book-keeping plays a crucial role in the financial sustainability of small grocery shops by aiding in inventory management, reducing overstocking, and preventing financial losses. This study explores how systematic record-keeping helps shop owners make informed purchasing decisions, optimize restocking, and enhance overall profitability. By analyzing book-keeping practices and their impact on inventory control, the research highlights the importance of financial tracking in minimizing waste and improving cash flow. The findings suggest that adopting structured book-keeping methods can significantly contribute to the financial efficiency and long-term success of small grocery businesses.

References

Uddin, M., & Alam, R. (2023). Proper inventory management techniques and revenue optimization in grocery shops: A case study of Khulna City, Bangladesh. Academia.edu.

Phadke, S., & Gosavi, R. (2024). Impact of inventory management on profitability: A study of selected grocery shops in Nagpur, Maharashtra. Journal of Organizational Insights, 15(2), 45-58.

Panigrahi, S., Kumar, V., & Patel, R. (2024). The role of technology in inventory management: A systematic review of SMEs' operational performance. International Journal of Productivity and Performance Management, 73(1), 112-130. DOI: https://doi.org/10.1108/IJPPM-08-2023-0428

Abisoye, J. (2024). Addressing manual inventory challenges in supermarkets: A case for computerized stock management systems.

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Published

2024-07-31

How to Cite

Band, N. A., & Kanetkar, M. (2024). THE SIGNIFICANCE OF BOOK-KEEPING IN SMALL GROCERY SHOPS: A PATH TO FINANCIAL EFFICIENCY. ShodhKosh: Journal of Visual and Performing Arts, 5(7), 769–771. https://doi.org/10.29121/shodhkosh.v5.i7.2024.4421

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Issue

Vol. 5 No. 7 (2024): Volume 5 Issue 7 July - 2024

Section

Articles

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