According to the MSME Ministry's annual report for 2021-22, India is home to an amazing 63.388 million MSMEs. The MSME industry, which employs 40% of India's workforce (110.98 M), and contributes 45% of output and 40% of exports, is one of the key elements boosting GDP growth in India. To find out the association between financial management practices and the financial management performance of SME entrepreneurs in Telangana present research used financial management measurement is a dependent variable and financial management practice is independent variable to measure the financial management practice researcher used credit management, Cash management and working capital management. The present study used the online questionnaire collecting data from selected districts of telangana and sample size is 437. The present research provides valuable insight of performance measurement of SME. The current finding and suggestion will be useful to entrepreneur and policy maker.