<p style="font-weight: 400;">Economic and technological changes have driven the massive development of different business units. Among them, small and medium-sized enterprises (SMEs) have taken a leading role in the economic growth of many countries and in particular have become the cornerstone of many local economies. With a greater presence in certain territories, SMEs have fostered a higher level of trade and income, underscoring the importance of researching their behavior and development.</p>
<p style="font-weight: 400;">Among the key factors to analyze SMEs, is the level of education or financial knowledge in areas such as budgeting, financing and investment, which end up revealing important characteristics of their management and significantly influence their sustainability and expansion; and taking into account that more than 90% of the companies in the Boyacan economy are classified in this category, it can be considered that much of the business fabric, income generation, employment and growth is reflected in their behavior.</p>
<p style="font-weight: 400;">This research focuses on diagnosing and evaluating the financial knowledge of SMEs in the department of Boyacá, considering particularities, such as knowledge of financial education variables, budget development, factors in investment decision-making, forms of business financing, among other key factors that determine the relationship and appropriation of SMEs with financial education and therefore the efficiency and effectiveness of their decisions according to their own conditions.</p>