Financial management in SMEs in the Federal District, Mexico

This paper undertakes to show a diagnosis on the use of information and financial management systems by SMEs in the Federal District (Mexico). To this effect, we conducted a cross-sectional descriptive study with fieldwork-based data collection, and with the administration of a structured survey on a sample of 300 companies. The main findings of this research show that the financial information systems are used incipiently - especially by micro-sized enterprises. We also found a correlation between entrepreneurs' schooling level and practices such as the adoption of an accounting information system and the use of financial analysis. Similarly, it was found that financial management is scarce in this type of enterprises, particularly with regard to the preparation of forecasts and financial analyses.