| dc.description.abstract | The study was about the Effects of Book Keeping On Financial Performance of Small Medium Enterprises in Uganda, a case study of Wandegeya whose main purpose was to investigate the effects of bookkeeping on financial performance of Small Medium Enterprises. The study objectives were; to determine the effect of maintaining cashbook affect financial performance of SMEs to investigate the effect of keeping Ledgers affect the financial performance of SMEs and to establish the effect of maintaining bank reconciliation enhance financial performance of SMEs in Wandegeya. The study employed a causal research design that focused on small and medium-sized enterprises. The data was analysed using the Statistical Package for Social Sciences (SPSS) and the findings were presented in tables. The research design utilized casual studies to carefully illustrate the impact of independent variables on the financial performance of SMEs. The sampling method employed to select the sample was cluster sampling technique, wherein Yamane’s formulae were used to determine a minimum of 120 respondents or more. The research instrument used for data collection was a questionnaire that the researcher developed and administered. The research identified a noteworthy affirming correlation between the fiscal results of small and medium-sized enterprises (SMEs) in Wandegeya and their application of cashbooks. Moreover, most participants acknowledged that 94% of cash reimbursements were genuine, 87% of such payments were captured, and the cash payments were rightfully assigned. The research reveals that the payments were precisely assigned to the proper payable accounts and general ledger (79%), with the correct accounting period duly recorded for cash payments (94%). It is noteworthy that the accounts were handled objectively and with no subjective evaluation. Additionally, the research indicates a positive and significant correlation between SMEs' financial performance in Wandegeya and their adoption of ledgers. The language employed was clear, formal, and impartial, refraining from emotional or decorative language. Technical jargon was unveiled, clarified, and routinely employed, complying with traditional structuring and scholastic style conventions. According to the survey's results, the majority of respondents concurred that commercial earnings ought to be documented in the revenue account (79%), with all expenses recorded in the expense account (81%). Furthermore, it is recommended that the purchases ledger exhibits all outstanding debts (74%) and purchase returns (79%), whilst the sales ledger includes all amounts owed to the company (94%) and returns (73%). Notably, a substantial affirmative link was discovered between the financial performance of Wandegeya's small and medium enterprises (SMEs) and their dedication towards bank reconciliation. The research shows that the majority of participants believe that maintaining bank accounts enhances the probability of SMEs getting loans (90%), whereas conducting bank reconciliations positively affects financial performance (80%). Bank statements are crucial in making significant financial decisions (84%). Furthermore, keeping bank reconciliations attracts investors and boosts the qualification for contracts (99%). The study suggests that SMEs should utilize maintaining bank reconciliation as a crucial factor in augmenting financial performance. This is due to the fact that maintaining bank reconciliation has been observed to have a favorable impact on the financial performance of SMEs, and therefore, extra assistance from SME owners in terms of facilitation and training will play an important role in enhancing financial performance | en_US |
