Accounting record keeping by Small and Medium Scale Enterprise (SMEs) is essential to many developing countries. Since it enables a country in its strategic formulation and implementation of national development policies and plans. Previous research indicates that despite the importance of record keeping, most SMEs in developing countries such as Ghana do not keep accounting records. The purpose of this study is to generate knowledge about the impact of accounting record keeping on the performance of SMEs. To fulfil this purpose, a quantitative analysis was done based on the impact accounting record has on the performance of SMEs in Ghana. Quantitative method was used to collect data using structured questionnaire. The study used descriptive statistics, and Pearson correlation to determine the relationship between the accounting record keeping and performance. Findings from the study indicates that there is a significance positive strong relationship between accounting record keeping and performance of SMEs. This study shows that most SME owners perceived accounting record keeping and performance has a positive relationship. The study further confirms that keeping accounting records has a strong impact on the performance of the business just like previous research shown.