Training on Simple Financial Reports for BUMDes in Bojonegara sub-District Serang Regency

BUMDes financial reports are crucial because the reports involve in the use of economic resources that come from the community and/or the government. For this reason, training for BUMDes is needed regarding preparing financial reports according to accounting standards so that BUMDes accountability and transparency can be achieved. Through community service activity


Introduction
Village Owned Enterprises (BUMDes) are village business organizations managed by the community and village government in an effort to strengthen the village economy and are formed based on village needs and potential. BUMDes is a pillar of economic activity in the village that functions as a social and commercial institution. In addition, BUMDes also plays a role as a social institution that is in favor of the interests of the community through its contribution to the provision of social services. Meanwhile, commercial institutions aim to make a profit by offering local resources to the market. Every business entity has bookkeeping records that are used for its business activities and are required for related stakeholders. BUMDes financial reports are crucial because the reports involve the use of economic resources that come from the community or from the government. For this reason, adequate financial reports are needed as BUMDes accountability and transparency.
The establishment of BUMDes in Bojonegara Regency, Serang Regency is still relatively new. The average establishment is 2019. However, activities have stopped due to the COVID-19 pandemic in 2020 and 2021, and to continue operations in 2022. In 2023, BUMDes will receive additional capital from the government. In this regard, we provide training on preparing simple financial reports for BUMDes according to accounting standards (SAK) using Microsoft Excel. The service aims to be for BUMDes managers to be able to compile simple financial reports in accordance with accounting standards (SAK) as a form of accountability and transparency in the use of public funds.

Implementation Method
Simple financial reporting training for BUMDes is conducted in May 2023, located in Kertasana village, Bojonegara sub-district, Serang Regency, Banten Province. This service activity follows the following stages:

Result and Discussion
Community service activities with the theme of training in preparing financial reports for BUMDes in Bojonegara sub-district, Serang Regency, with the following results: 1. Preparation and Observation.
At this stage, the material training that will be presented is prepared, such as booklets/guidelines for preparing financial reports and preparing applications used in preparing financial reports, namely Microsoft Excel Application. The choice of Microsoft Excel is because managers or bookkeepers are used to compiling books using Microsoft Excel. Preparation of Financial Statements with reference to the generally accepted Financial Accounting Standards (SAK).
Before conducting the training, observations were made to BUMDes in Bojonegara District. There are 11 villages in the Bojonegara sub-district, namely: Mekar Jaya, Pakuncen, Margagiri, Mangkunegara, Kertasana, Lambangsari, Bojonegara, Karangkepuh, Pangarengan, Ukirsari, and Wanakarta. The implementation of this community service activity was attended by 3 BUMDes, namely Kertasana, Karangkepuh, and Mangkunegara. Based on observations, BUMDes in the Bojonegra sub-district are still relatively new, namely in 2019. However, it begin the operations in 2022. The initial funds of Bumdes from BUMDes management. In 2023, Bumdes will receive additional capital from the government. Most BUMDes are already legal entities.
https://equatorscience.com/index.php/move In terms of accountability reports, BUMDes report their activities and financial reports but are not in accordance with accounting standards (SAK). BUMDes provides information on cash flows in and out. To report income and expenses, BUMDes use the cash basis method. However, not a few BUMDes report only briefly/succinctly, without detailing the inflows and outflows of funds used. BUMDes business activities vary, namely chicken farming, catfish farming, shrimp, training/computer/welding courses, management of parking services in private hospitals, and retail. For this reason, it is necessary to prepare financial reports in accordance with accounting standards so that they can be widely accepted by stakeholders.  The following is a simulation of the BUMDes Financial Report according to accounting standards. In the case below, this is a financial transaction for the shrimp farming business unit in March 2023:

Monitoring and evaluation
At this stage, an evaluation was carried out on the training participants for preparing financial reports on May 2023. Participants had not implemented financial reports based on accounting standards (SAK) but still used manual bookkeeping on a cash basis. However, participants understood the importance of preparing financial reports in accordance with accounting standards and had little understanding of the preparation of BUMDes profit and loss reports. The participants were very enthusiastic about implementing standard financial accounting reports due to the submission of BUMDes financial reports to stakeholders. For this reason, continuous https://equatorscience.com/index.php/move guidance and assistance are needed from academics and other parties, so that the implementation of the preparation of financial reports in accordance with financial accounting standards (SAK) can be carried out.

Conclusion
Based on the implementation of community service for BUMDes, Bojonegara sub-District, Serang Regency, there were eleven BUMDes but as many as three BUMDes participated in financial report preparation training. BUMDes in the Bojonegara sub-district were generally established in 2019, but due to the Covid-19 pandemic, activities stopped and started activities in 2022 with self-financing sources from BUMDes management. In 2023 BUMDes will receive additional capital from the government which was previously budgeted for. BUMDes business units include vannamel shrimp farming, broiler chickens, training services, parking lot service, and retail.
BUMDes bookkeeping still uses manual bookkeeping which explains the cash inflow and outflow of funds and is not integrated with existing units in BUMDes. BUMDes do not use accounting standards (SAK). After participating in training on preparing financial reports, the BUMDes administrators/management understand that it is crucial to prepare financial reports according to accounting standards (SAK) to be submitted to shareholders. However, in carrying out their bookkeeping, the training participants returned to using manual reporting on a cash basis method.
Have not been able to implement the preparation of financial reports based on accounting standards (SAK) yet. For this reason, continuous guidance and assistance is needed for administration or even BUMDes management will prepare BUMDes financial reports based on accounting standards.