THE VALUE OF BOOKKEEPING ON THE PERFORMANCE OF SMALL AND MEDIUM SCALE

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ABSTRACT

Owners of SMEs are mostly involved in the implementation of bookkeeping and also involved in evaluating bookkeepers. Management support is very important to the implementation of bookkeeping systems without it the chances of the system success are low.

The combined effect of high management support and good quality bookkeeping management ensures a higher level of success that the individual variables acting on their own. In the Nigeria context it was not possible through this study to show that bookkeeping systems contribute positively to performance of growth of SME in Nigeria.

From hypotheses testing, finding on the positive impact of bookkeeping on SMEs revealed that there is a very high impact of bookkeeping and the growth of Small and Medium Enterprises. This is shown by the Z-testing statistical test whereby there is a very strong impact of 26.94which is lesser than the tabulated 1.98 at 5% level of significance which means that there is a very serious need for bookkeeping implementation in SMEs.

 

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