PENGARUH SISTEM INFORMASI AKUNTANSI, INOVASI PRODUK DAN INKLUSI KEUANGAN TERHADAP KINERJA KEUANGAN UMKM DI KECAMATAN MEDAN LABUHAN

Abstract

This study aims to analyze the effect of Accounting Information Systems, Product Innovation, and Financial Inclusion on the Financial Performance of UMKM in Medan Labuhan District. This research employed a quantitative method with an associative approach. The research data were collected through questionnaires distributed to UMKM owners in Medan Labuhan District. The population of this study consisted of 2,890 UMKM registered in Medan Labuhan District in 2024. The sampling technique used was the Slovin formula with a 10% margin of error, resulting in 100 respondents as the research sample. Data analysis was conducted using the Partial Least Squares Structural Equation Modeling (PLS-SEM) method with the assistance of SmartPLS 4.0 software.The results of the study indicate that Accounting Information Systems do not have a significant effect on the Financial Performance of UMKM. In contrast, Product Innovation and Financial Inclusion have a positive and significant effect on the Financial Performance of UMKM. Simultaneously, the three variables affect the Financial Performance of UMKM. These findings suggest that improving product innovation and optimizing the utilization of formal financial services can support the Financial Performance of UMKM. Therefore, UMKM owners are encouraged to continuously innovate, optimize access to financial services, and improve business financial management through the implementation of better accounting information systems.