In small and medium-sized enterprises (SMEs), virtually every decision can have a significant impact on the future of the company. They often operate on low profit margins, and one ill-considered move can affect financial stability. SMEs are not industry giants that can afford greater freedom of action. Small businesses must be prudent. Therefore, proper financial management is crucial here. Even the smallest mistake can be costly, and a well-planned strategy – invaluable. This is where managerial accounting comes into play.