Journal
Metropolitan Journal of Academic Multidisciplinary Research
MJAMR
Financial Management Practices and Financial Performance of SME’s In Wakiso District, Uganda
Kabanda Richard, Akampurira Sarah
| Journal | Metropolitan Journal of Academic Multidisciplinary Research (MJAMR) |
| Volume / Issue | Vol. 5, No. 4 |
| Published | 30 April 2026 |
| ISSN | 3006-4384 |
Abstract
This study examined the relationship between financial management practices and the financial performance of small and medium enterprises (SMEs) in Wakiso District, Uganda. The research was motivated by the growing recognition that poor financial management was one of the leading causes of SME failure in Uganda, with many businesses collapsing not due to lack of market demand but due to inadequate budgeting, poor working capital management, and the absence of basic financial record-keeping systems. A cross-sectional research design was employed, and data were collected from 311 SME owners and managers in Wakiso District. Financial management practices were operationalized through four dimensions: budgeting and financial planning, working capital management, financial record-keeping, and investment appraisal. Financial performance was measured through profitability, liquidity, and revenue growth indicators. The findings revealed that financial management practices had a statistically significant positive effect on financial performance, with working capital management and financial record-keeping emerging as the strongest predictors.
Keywords
Financial Management
SME Performance
Wakiso District
Uganda
Budgeting
Working Capital
Cite This Article
Kabanda Richard & Akampurira Sarah (2026). Financial Management Practices and Financial Performance of SME’s In Wakiso District, Uganda. Metropolitan Journal of Academic Multidisciplinary Research, 5(4). https://journals.miu.ac.ug/pages/article.php?article_id=397
More in This Issue
View full issue →
26
Leadership Styles And Business Sustainability Of SMEs In Nakawa Division, Kampala District, Uganda
Leadership Styles
Business Sustainability
SME
Nakawa Division
27
Microfinance Loans And Women's Empowerment: A Case Of Mityana Municipality, Uganda
Microfinance
Loans
Women's Empowerment
Economic Empowerment
28
Outsourcing And Organizational Performance In Parastatal Organizations In Uganda: A Case Study Of Civil Aviation Authority (CAA)
Outsourcing
Organizational
Performance and Parastatal Organizations
29
Patterns of State Repression: A Comparative Review of Human Rights Violations in Uganda’s 2016, 2021 and 2026 General Elections.
Patterns of State Repression
Human Rights Violations
General Elections.
30
Poverty Alleviation And Community Development In Uganda: A Case Of Ludara Sub-County, Koboko District
Poverty Alleviation
Community Development
Microfinance
Agricultural Extension