ABSTRACT This research has been conducted at Entebbe Municipality to investigate the contribution of accounting records on the performance of Small and Medium Enterprises in Uganda. Most SMEs do not progress well due to various constraints, one of them being poor accounting records. Accurate accounting records enable the business to manage its finances and make good financial decisions which in turn improves the performance ofthe business. Data were collected through questionnaires as well as reviewing other secondary sources including reports, memos and charters. Findings were processed through SPSS data analysis programme for their interpretation and analysis so as to answer three spec~fIc research questions: (i) to what extent do proper accounting records improve the performance of SMEs? (ii) To what extent SMEs perform in preparation of accounting records? And (iii) to what extent the proper accounting records procedures improve the performance of SMEs? The findings show that most of SMEs acknowledge that proper accounting record brings the improvement in business and set of procedures help to minimize record keeping cost and it develop a proper record keeping also Entrepreneurship seminars helps to elaborate on how to keeping records effective There is need to carry out a study of this kind but targeting the medium entities only. Given that the needfoi’ accurate account recordkeeping increases with the expansion of growth in size of a business there is a need to find out how the medium enterprises are performing in terms of the recordkeeping.
