Characterization of the Accounting Customs of the Shopkeepers of the District of Santa Marta, Magdalena, Colombia

Abstract

The article aims to characterize the accounting practices of neighborhood stores in the city of Santa Marta. To achieve this, a descriptive methodology with a mixed approach was used, applying a survey using the participatory action technique. The purpose is to observe and analyze their customs qualitatively and quantitatively. The research aims to impact the retail sector and highlight the techniques that, although artisanal, serve as a guide for the retailer to account for their income and expenses. It was found that the lack of accounting knowledge contributes to the informality of the sector, as they do not give it importance. A large percentage of retailers do not keep formal accounting records, but they have their own codes to keep track of their accounts. The Fiscal Book is the most commonly used accounting record, but it is not utilized as a mechanism to consolidate financial statements or as a basis for investment, operating, and financing decisions.