Budget Practices in SME companies in Georgia

Abstract

This paper explains the importance of the company's budget and cash flow. It shows how important it is for businesses to turn their spending into cash flow while making important choices.Not only the budget but also cash flow play a much greater and more vital part in the performance of economic activities nowadays. It allows accountants and financiers to manage plans, income, and expenses in order to improve the company's efficiency. Furthermore, a better understanding of costing and cash flow allows organizations to choose a budget that is appropriate for a specific strategy and accomplish the intended goals. And when it comes to businesses, budgeting lets them get a better idea of how the Financial Accounting Center or certain functional areas work over time.