FINANCIAL INFORMATION SYSTEM FOR MICRO AND SMALL ENTERPRISES: STUDY AT UBERLÂNDIA-MG

Abstract

According to Sebrae-SP, 98% of Brazilian companies are SMEs (Small and Micro Enterprises), but 64% of them close their doors before completing 06 years. As a result, a survey was conducted, applying a questionnaire to 41 managers of such enterprises, all based at Uberlândia (Brazil), to see if there is an information system to supply small and micro enterprises adequate knowledge about their financial situation. It was found that the partners unpreparedness affects the financial management of the investigated companies, since 66% of respondents do not have key definitions to base their decisions, demonstrating the consequences from training lack, as where 60% do not seek to acquire or improve knowledge. The preparation lack shown by managers cause impact to the company, since they are not aware of the need to raise key information, such as cash budget, being sufficient to note that 27% do not do that and another 27% do so only once a month. This finding echoes in speculation about the need for cash, because 49% do not know if there is need to capture or apply the resources. More satisfactory approach revolves around the default, because 63% know how much it is and 29% have an approximate idea. However, the problems get worse when it occurs that 74% of companies have monthly assistance of an accountant, 13% of an administrator, and 9% from a lawyer. These agents could assist the partners in necessary information structuring and processing for the adequate knowledge of the company’s financial situation, including contributing to choices in order to maximize profitability