The Effect of E-Wallet, QRIS, and Digital Accounting Utilization on the Financial Management Quality of MSMEs in Medan City 2024–2025 (Jurnal Ilmiah AccUsi)

Summary

• A survey of 150 MSME owners and managers in Medan City evaluated the adoption of digital financial tools and their effect on financial management quality across 2024–2025.p.1
• The structural model explained 49.8% of the variance in Financial Management Quality across the surveyed enterprises.p.1
• Digital Accounting Utilization showed the strongest positive effect on Financial Management Quality (β = 0.385; t = 5.673; p < 0.001) with a medium effect size of f² = 0.220.p.1
• QRIS Utilization demonstrated a positive and significant effect on Financial Management Quality (β = 0.256; t = 3.616; p < 0.001) with an effect size of f² = 0.090.p.1
• E-Wallet Utilization contributed positively to Financial Management Quality (β = 0.243; t = 3.539; p < 0.001) with an effect size of f² = 0.086.p.1
• QRIS Utilization recorded the highest mean score at M = 4.12, whereas Digital Accounting Utilization recorded the lowest mean score at M = 3.64.p.9

Key insights

1. Digital accounting utilization has the strongest relative impact on financial management quality among MSMEs compared to digital payment tools.p.1
2. The combination of e-wallets, QRIS, and digital accounting accounts for 49.8% of the variance in financial management quality.p.10
3. Digital accounting adoption exhibits the lowest usage level (M = 3.64) and highest dispersion (SD = 0.72) among the studied digital financial practices.p.9
4. More than 90 percent of nationwide QRIS merchants in Indonesia were micro, small, and medium enterprises as of September 2025.p.2
5. Digital payment tools provide clear transaction trails but yield smaller direct effect sizes on overall management quality than dedicated accounting software.p.11