This study will be significant for services companies to get them the concept that related the effect of financial management practices on financial performance. Strategy creators were using the information gained from this Research Journal of Finance and Accounting www.iiste.org ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) DOI: 10.7176/RJFA Vol.10, No.4, 2019 60 study for their design, formulation regarding financial management practice of service companies in Mogadishu Somalia. This relationship showed the significance of financial management practice as a sponsor of the financial performance of services companies. This research provides academic support to the effect of financial management practices in services companies in Mogadishu Somalia. Future investigators would, therefore, use the findings of this study to further advances and future research projects that were found this study significant. This study would benefit for the opportunity, researchers looked for literature about the influence of financial management practice on financial performance, who is interested in carrying out for additional study in this playing field. 2