Browsing by Author "Chuak Tut Chotlith"

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    THE IMPACT OF CASH MANAGEMENT PRACTICES ON THE OPERATIONAL PERFORMANCE OF SMES.
    (UGANDA CHRISTIAN UNIVERSITY, 2024-09-13) Chuak Tut Chotlith
    The main purpose of this study is to investigate the impact of cash management on the performance of SMEs with a case study of Haojue Uganda. The study objectives are to examine the impact of maintaining business records on the operational performance of Haojue Uganda, to examine the influence of preparing a cash budget on the operational performance of Haojue Uganda and to examine the influence of accounts receivable management on the operational performance of Haojue Uganda. This study adopted a cross-sectional study with a quantitative research design, using a questionnaire to collect data. The study population involved 36 respondents who were used to conclude the study. Primary data was collected through the use of questionnaires. Effective business record management is crucial for enhancing the operational performance of SMEs. The study found that maintaining accurate records supports cost control, financial analysis, tax compliance, inventory management, and decision-making. Proper business records facilitate risk management, enhance transparency and accountability, and contribute to better stakeholder relations. The study also found that preparing a cash budget significantly improves the ability to manage liquidity and operational costs effectively, plan for short-term expenses, and long-term investments, reduce financial stress and improve decision-making capabilities. Cash budgeting practices streamlined operational processes, improved relationships with suppliers and customers, and enhanced financial forecasting and planning. Effective accounts receivable management plays a vital role in improving profitability, reducing financial strain, and enhancing liquidity. The researcher suggests that small and medium-sized enterprises should prioritize implementing efficient accounts receivable management systems through credit control measures, flexible payment terms, and clear communication with customers. Optimizing accounts receivable processes can lead to cost savings and improved profit margins, while accurate forecasting can support better budgeting and financial planning, ultimately helping SMEs achieve their business objectives. Maintaining a steady cash flow through timely collection of outstanding invoices is essential for covering operational costs and supporting business growth