A healthy economy is driven by employment opportunities as well as new markets, which are directly contributed by small and medium-sized enterprises (SMEs). A small- or medium-sized business (SME) is one that has between 50 and 200 employees. As the backbone of a healthy economy, SMEs help to support the economic growth of the country by fully utilizing their resources efficiently with accurate financial information. Due to technical advancements and the globalization of the market and operations, SMEs now face fiercer competition than ever before, and their ability to survive depends on a variety of criteria. This paper investigates the financial resilience of SMEs in terms of their accounting practices and the implications. It's explaining the existing literature on accounting practices, financial management, and resilience in SMEs. This paper focuses on the main criteria of financial literacy, technology adoption, regulatory compliance, and stakeholder engagement. Through a comprehension of these elements, SMEs can implement enhanced accounting practices, which helps to improve financial well-being and steady sustainable growth.