“…Zotorvie (2017) asserted that lack of AIS led to weak internal accounting systems of some SMEs which resulted in poor planning, weak expense control, low collection of accounts receivable, poor financial condition and inadequate information for decision making purpose. Akingunola (2011) provided that lack of access to finance due to poor AIS has greatly affected SMEs productivity and ancillary functions, lack of proper financial management such as maintenance of accounting books, necessary capital and time to manage accounting books (Brown, 2017;Garcia, 2017). Madurapperuma, Thilakerathne & Manawadu, 2016) admitted that many SMEs failed to keep accurate accounting records to generate the much needed accounting information that ownersmanagers and other users require for their decision making purposes which led to major problems.…”