Proper accounting is vital for Small and Medium Enterprises (SMEs) as it enables effective financial management, access to finance, compliance with legal requirements, strategic decision-making, business planning, risk management, and investor relations. By maintaining accurate financial records and adhering to accounting standards, SMEs can enhance their credibility, make informed decisions, and sustain long-term growth and profitability.

SMEs play a pivotal role in addressing Nigeria's economic challenges by promoting inclusive growth, entrepreneurship, and innovation. Lets review and find a way round the accounting challenges your business may be having.