Abstract

This research has been conducted in the South West Region to evaluate the bookkeeping challenges and performance amongst SMEs in the Buea Municipality. 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 of the business.

Data were collected through questionnaires as well as reviewing other secondary sources including reports, Findings were processed through SPSS data analysis programme for their interpretation and analysis so as to answer two specific research questions: (i) To what extent does technical know-how relate to bookkeeping? and (ii) How does the inadequacy of an accounting system relate to bookkeeping?. The findings show that most of SMEs do not keep accounting records. Some of the reasons as to why they do not keep accounting records were: time consuming, lack of knowledge and skills, poor documentation, ignorance and poor support from the workers responsible with records in the organisations.

The study recommends for the SMEs to attend entrepreneurship seminars and short courses whereby they will be able to gain knowledge on accounts record keeping. Public and private organizations should increase effort on SME sector, especially in educating members on how to improve their business in case of performance The study adopted a descriptive research design. The study tested three null hypotheses.

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