International Journal of Academic Accounting, Finance & Management Research (IJAAFMR)   Year: 2023 | Volume: 7 | Issue: 5 | Page No.: 41-51 Nexus between Accounting Systems Adoption and Performance Rate of Small Scale Businesses Download PDF Afolabi, Rukayat Toyin, Olajire, Isaiah Olawole, Olakanmi, Olukunle James, : Oyegbemi, Moses Omololu Abstract: The current work attempts to look into how accounting system adoption affects small business success. This study relied on data from primary sources, and 200 microbusiness owners completed and returned questionnaires. The data were analyzed using descriptive statistics, a correlation model, and a regression model. The results demonstrate that an accurate accounting system in small scale firms has a substantial impact on corporate company performance and facilitates business decision-making. The study also found that perfect accounting systems give creditors and lenders more confidence to offer these kinds of businesses opportunities and facilities, and that the main challenge in auditing and investigating these businesses is due to poor bookkeeping, which typically results in incomplete records being kept by these business enterprises in this region of the country. The study indicates that as most SSBs rely on accounting data to make decisions that have an impact on their performance and operations, the performance of SSBs is regulated by their accounting systems.