THE USE OF THE BUDGETING PROCESS IN THE ENVIRONMENT OF A SMALL BUSINESS AT THE MODERN DEVELOPMENT STAGE OF THE RUSSIAN ECONOMY

Abstract

The influence of various factors on the requirements for building a budgeting system for small businesses is investigated. The creating a comprehensive simplified model of a budgeting system for small businesses, which is a complex multi-stage process including methodological and organizational components, is suggested. A list of activities to build a financial structure for a small business, as well as advice and recommendations for comprehensive organization of the budgeting system is provided.

Keywords

• budget
• small business
• budgeting system
• financial structure
• center for financial responsibility