The paper considers the development of management mechanisms for small and medium businesses. The authors apply the methods of compilation, the concentration of information flows in accounting, proper planning, and principles, and management of information flows. The authors describe the use of the application software package 1C: Accounting by small- and medium-sized companies in their business for accounting work. The main goals of minimizing the costs of the economy are shown. Moreover, the authors show how the digital economy gives all users transparent and accessible information when making various economic decisions. In today’s world, where there are plenty of opportunities to prepare financial statements at any time in any situation using information technology, all information users have their own needs in making different, competitive decisions. The paper considers projects created in “DOK” LLC on the implementation and improvement of the application of 1C: Accounting in some operations of the company. In practice, streams of information can appear as an object of accounting, with different types of information located in different places, requiring processing and not having a stable character. The authors develop and propose a recommended version of information flows that can be reflected in the accounts. The sources of information by industry in SMEs are investigated, and the level of application of information flows is reflected. The conducted research clarified and proposed recommendations to improve the quality of accounting and ways to improve the management of SMEs.