INDEX

SR NO. PARTICULARS PAGE NO.

1. Introduction 4 - 35

2. Review of Literature 36 - 45

3. Research Methodology 46 – 49

4. Data Interpretation 50 - 65

5. Conclusion 66 - 67

6. References 68

7. Appendix 69 - 71

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CHAPTER 1: INTRODUCTION

Accounting software describes a type of software application that records and processes
accounting transactions within functional modules such as accounts payable, accounts receivable,
journal, general ledger, payroll, and trial balance. It functions as an accounting information system.
It may be developed in-house by the organization using it, may be purchased from a third party, or
may be a combination of a third-party application software package with local modifications.
Accounting software may be on-line based, accessed anywhere at any time with any device which
is Internet enabled, or may be desktop based. It varies greatly in its complexity and cost.

While accountants once entered transactions by hand, information technology has made it
possible to record information in real time, compile information from various sources and
automate repetitive tasks. This has allowed accounting professionals to focus more on financial
advice and monitoring performance. At the same time, IT developments have helped companies
save time, reduce errors and make better financial decisions. Accounting software is an invaluable
resource for modern businesses. Software allows detailed tracking of financial transactions and
near-instantaneous reporting and analysis. Before accounting software, these tasks had to be
performed by hand, using large transaction journals.

Ad hoc reporting was generally impractical due to the labour involved in consolidating the
manual entries. Accounting software automates these tasks, reducing the costs of accounting and
allowing better financial decision-making through timely reporting. Accounting software also
allows for the storing of numerous amounts of data without having to take up physical space. This
results in companies needing less office space because they no longer need large file rooms to store
binders of data. Less office space allows for cost savings. The ability to easily access accounting
information through accounting software makes it easier to complete audits, particularly those that
require evaluating information from years prior.

This not only assists with internal audits but also assists external groups, such as the Internal
Revenue Service (IRS), in case they need to investigate financials for tax purposes.

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1.1 IMPORTANCE OF ACCOUNTING SOFTWARE

An accounting software solution is one that cultivates under the same roof where all systems and
applications are dedicated to manage and process financial data. Professional accountants and
bookkeeping teams use these programs to govern accounts and automate systematic operations,
while certain systems are also enabled to record accounting data, measure indicators and report
on the company’s financial activity. To succeed at running your business – or even to know if
you're succeeding – you need accounting software. Accounting software allows you to monitor
the financial health of your business. Typically, it allows you to enter in all expenses, such as
payroll and equipment expenses, as well as income, such as income from sales.
Businesses of all sizes make use of accounting software.

Accounting software is a computer program that assists bookkeepers and accountants in

recording and reporting a firm's financial transactions. The functionality of accounting software
differs from product to product. Larger firms may choose to implement a customized solution that
integrates a vast amount of data from many different departments. Small firms often choose an
off-the-shelf product. Accounting software is a computer program that assists accountants in
recording and reporting a firm's financial transactions. Different firms have different accounting
software needs. Some may only need generic, off the shelf accounting software, while others will
need customized, complex accounting software. Accounting software makes accounting
calculations easier to perform, understand, and analyse. Less office space is required with
accounting software, as it makes the use of physical data obsolete, which saves costs in regards to
rent. Accounting software makes retrieving old accounting data easier, which is helpful for internal
and external audits.

Accounting software is an invaluable resource for modern businesses. Software allows detailed
tracking of financial transactions and near-instantaneous reporting and analysis. Before
accounting software, these tasks had to be performed by hand, using large transaction journals.
Ad hoc reporting was generally impractical due to the labour involved in consolidating the
manual entries. Accounting software automates these tasks, reducing the costs of accounting and
allowing better financial decision-making through timely reporting.

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Accounting software also allows for the storing of numerous amounts of data without having to
take up physical space. This results in companies needing less office space because they no longer
need large file rooms to store binders of data. Less office space allows for cost savings. The ability
to easily access accounting information through accounting software makes it easier to complete
audits, particularly those that require evaluating information from years prior. This not only assists
with internal audits but also assists external groups, such as the Internal Revenue Service (IRS),
in case they need to investigate financials for tax purposes.

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 1.2 ADVANTAGES OF ACCOUNTING SOFTWARE

Accounting software can save time and money, and offer you valuable and appropriate reasonable
business. It can do so by-

1. Data entry in a simple way

Fast and very quickly data import, in a simple way it carried out once.

2. Speedily process

In between making a sale and generating an invoice it reducing delays

3. Reports automatically

Debtors and creditors, on profit and loss, customer accounts, inventory counts, forecasting,
etc.
4. Automating tasks

Such as calculating pay, producing pay slips, automatically calculating etc.

5. Reducing the chance of errors

By computerizing calculations that would be very low chance of errors. Supports in other
functions, such as online banking and online any kind of working Computerized accounting
packages, are only affordable to large corporations, and are now within the budget of almost
every business. At startup, a business may begin with a simple spreadsheet or even a manual
ledger, but as the company grows, it becomes time to look at more efficient, computerized
systems. There are several considerations to ponder before selecting a computerized
accounting package.

6. Time Saving

In accounting package, the major thing and the most important advantage is that it saves a lot
of time over manual bookkeeping. With a computerized accounting package, front end
business documents and back end transaction recordings are completed simultaneously. For
example, you can create customer invoices, prepare bank deposits and write checks in the
program, with the added benefit that the system records each transaction for you.

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simultaneously. For example, you can create customer invoices, prepare bank deposits and write
checks in the program, with the added benefit that the system records each transaction for you.

We can manage all over the working of accountancy within few times. A big chunk of the work an
accountant or bookkeeper has to do on a daily basis is very manual and repetitive.

For example:

• Creating an invoice for each sale? Repetitive.

• Tracking transactions and creating respective journal entries? Repetitive.

• Sending late payment reminders to your clients? Repetitive.

You get the point. Most steps of the accounting cycle can be automated. And that’s exactly what
online accounting software does best. For starters, you can automate journal entry creation. All
you need to do is integrate your bank directly with your accounting software. This way, everytime
you make or receive a payment, a journal entry is automatically created and mapped to the right
accounts.

You can also automate things like financial reporting (e.g: create a report every X day of the
month). Or you could even set up automated vendor payments. Keep in mind though, that not all
cloud accounting software offer the same degree of accounting automation.

7. Financial Statements:

In a manual accounting framework, the general record is accommodated toward the end of the year
and the purifies for every record are assembled to make an arrangement of money related
proclamations for assessment and administration purposes. In an electronic bookkeeping
framework, monetary articulations for any time frame can be created with the snap of a catch. This
permits a business director to survey an organization's monetary execution continuously and
address worries before they get to be risky.

8. Cash Flow Management:

In accounting there is a great advantage that it allows you to record receivables and payable in
every system. This allows the system to project your cash flow position into the future. For
example, if you have submitted all your bills and customer invoices in the program with their due
dates, you can print a report that will tell you if you will have enough money between what you
have now and what you expect to be coming in to cover the bills that are due. You have records of

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all bills and invoices. This forward planning tool can help you avoid overdraft charges and late
fees.

9. Learning Curve:

The other advantage of accounting system software is learning curve, especially if you have not
used one before. It can often be difficult for a small business owner to spare the time to learn how
to use the package properly, which can lead to errors and reconciliation issues. Proper training is
essential to getting the most out of your accounting system. We can easily cope with errors in small
businesses

10. Fixing to Computer Availability:

Another drawback of automated bookkeeping bundles is their reliance on the organization's

PCs being up and running. In the event that your business experiences booked PC upkeep or other
downtime, you will need to hold up until the work is finished to have the capacity to get to money
related data on clients, suppliers or representatives

11. Minimize Errors

When you use a computerized system, you make some mistakes in calculating totals or in typing,
decreasing confusion. Invoice software usually allows you to include a tax percentage when
appropriate, with the system performing all calculations. This is a useful advantage, especially
when you have detailed invoices where hours or specific items are billed at different rates. Once
a system is set up properly, you pick and choose items to be invoiced and the rest is done for you.
There is many low risks of blunder and error in accounting software.

12. Computerized invoice:

A major advantage of using a computerized invoice system is the capability to run reports to
determine which customers have paid. An aging report shows you who owes you, how much and
for how long. This is done easily and puts you in control of your finances. You can contact
customers who are late-payers, minimizing losses. A maturing report demonstrates to you who
owes you, how much and for to what extent. This is done effortlessly and places you in control of
your funds. You can contact clients who are late payers, minimizing misfortunes. A well-run

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business relies on prompt and reliable information, and a computerized invoicing system fits this
requirement well.

13. Organization:

It is easy to lose or forget about invoices, especially when they are prepared manually. They can
get lost in the mail, or they may be misspelled in a manual system. With an accounting software
package, the data is there--all organized in one place to be reviewed, reprinted and resent in case
of problems. You usually can look in the system for invoices based on names, amounts or invoice
numbers. It is a fast and easy process because the software organizes data as it is entered.

14. Information Accuracy:

Organizations huge and little should keep exact records of their funds. In a few circumstances,
there might be lawful implications for anything besides the most points by point and particular
records of bookkeeping practices. Obviously, it is difficult to totally take out human blunder in
any attempt, yet bookkeeping programming can disentangle parts of record keeping that may some
way or another be inclined to botches. These projects consequently make the important
estimations when you enter orders, exchange subsidizes or continue with any of the different
budgetary exchanges you are liable to experience when maintaining your business. As opposed to
depend all alone work with a paper record and a number Cruncher, let bookkeeping programming
computerize assignments and decrease mistake.
With online accounting software, you can say goodbye to most of the typical accounting errors.
Online accounting software will make sure that your accounting records are organized in a proper
and accurate manner, every single time.

Remember the times when you’d waste 5 hours trying to find why the balance sheet did not
balance?

When using cloud accounting software, if newly created journal entries don’t balance, the system
will notify you immediately and highlight the potential error. This way, you’ll be alerted of the
error before even committing to it (i. e: clicking submit). And this is just a very simple example

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of how accounting software can help you maintain more accurate accounting and financial data
for your business. Another common accounting error you can avoid by using accounting software
is any error related to the freshness of the data.

Imagine you are editing a spreadsheet or a table that has already been changed before, but
you never received the updated version?
Figuring out how to merge changes from two different files can be really time consuming.

But with online accounting software, you won’t ever have to deal with such problems, because all
the data is synced in the cloud.
All in all, using online accounting software will ensure that your accounting records are properly
and accurately organized. As such, your financial reports will be more accurate, and your team
will be able to make decisions faster and prioritize better.

15. Time:

Bookkeeping programming at least spares you time in various ways. By wiping out manual counts
and record keeping, you can put your vitality to better use by giving the product a chance to handle
errands you would regularly make sense of yourself. In the event that you work with a staff, you
may spare worker hours with projects that robotize assignments, for example, monitoring
representative hours and producing finance. These errands could involve a noteworthy piece of
your work day on the off chance that you oversaw them totally all alone.

16. Inventory:
If your business manages a product inventory, you no doubt understand how important it is to
always know what you have in stock. Good accounting software automatically tracks inventory
as you process product orders. Some programs can project when you will run out of a product, so
you know when to order more. Using accounting system software in inventory tracking has a time-
saving advantage along with the accuracy of results.

17. Software excels:

Accounting software excels at analysing your business practices and letting you quickly identify
how money flows through your operation. When an application manages all your financial
transactions, it has extensive data at its disposal to generate various reports. You can quickly see
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how your revenue is divided among different operating costs. You can calculate your bottom line
more efficiently and track which parts of the country generate the most interest from customers.
The reporting options are virtually unlimited depending, on the type of software you use and the
information you provide it. You will have all the data you need to run your business at your
fingertips.

18. Access Accounting Data Any Time, Anywhere

The most obvious advantage that cloud accounting software has over any traditional accounting
system is that computerized accounting software lets you access your data whenever you want,
and from whichever device you want. You can use online accounting software from your PC,
laptop, tablet, and mobile phone. All you need is a device that’s connected to the internet and a
browser (or mobile app).
For businesses of any size, this has a ton of upsides. For example, you can create and send invoices
on the go directly from your mobile.
Or you can generate, view, and download financial statements and reports with just a few clicks.
No need to ask your accountant to prepare it three days ahead. Just log on the platform, navigate
to your Financial Reports section, and download the financial statement you need.

19. Easier Collaboration

Cloud accounting software makes collaboration as easy as 1-2-3.

Remember the times when you had to make changes to a spreadsheet, save it on a USB drive and
then give it to your colleagues so that they could also have the most up-to-date version of the
financial statements?

Well, those times are long gone.

With cloud accounting software, one of the main advantages is that everyone gets access to real-
time accounting and financial data. So, all your employees have to do is log-in to the platform,
and do what they need to do.

No bottlenecks, no time wasted.

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Multiple users can work on the same accounting data in real-time, without ever getting in each-
other’s way.
Additionally, online accounting software allows you to give different access levels to different
users. This way you can tailor permissions based on the set of accounting or bookkeeping
functions that a user needs to carry out.

20. Improved Accounting Security

One of the biggest advantages of cloud-based accounting software, is that all of your accounting
data is safely secured on the cloud.
This means that your data is covered under layers of high-end encryption algorithms, making it a
lot safer than keeping it on the office shelf.
And the best part is that all of your data is synced at all times. So not only is it more secure, but
it’s also fresh.
Just to give you a better idea, when businesses were using desktop-based accounting software,
accounting data had to continuously be backed up. After all, the data was stored on a hard drive.
And as you probably already know, hard drives are quite delicate. They can get destroyed, wiped,
or simply get corrupted and become unusable.
As a result, businesses had to dedicate quite a bit of time to integrating accounting and accounting
data into their disaster recovery plans. This in turn meant higher costs, and more time wasted.

With online accounting software, you’ll never have to worry about backing up your data - the
system will do it for you.

21. Reduce Paperwork and Improve Sustainability

In 2021, no one likes to deal with paperwork. Dealing with paperwork is extremely time
consuming and expensive. Why make a photocopy, when you can simply create a copy with a
click?

The advantage of using accounting software is that all the financial data including journal entries,
financial statements, and reports is online. Whatever invoice, record, or entry is created, it is all
stored under layers of encryption in the cloud. Easily accessible by anyone that has the right
permission.

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Additionally, you can also create and send invoices directly from the software to your clients,
reducing the time and money wasted on printing and posting the invoices, while also speeding up
the process of getting paid.

22. Improved Invoicing

Creating an invoice is one of those accounting tasks that every business has to do, regardless of
its size or industry. And while it’s true that the invoice type will differ based on the type of sale,
the process of making an invoice is more or less the same. Before, people used to make invoices
using Excel, Word, or even by hand. The result was usually a badly formatted invoice, which
would probably take several minutes to create. Now, if you are a business that only creates 5
invoices a month, this isn’t a big issue.

However, if you are creating 100+ invoices every month, some of which are recurring, doing it
by hand would be a disaster. With cloud-based accounting software, you can make a professional
business invoice using one of the premade templates in a matter of seconds. You can also build
your own invoice template, customize it, and apply it to all of your invoices. And creating a
recurring monthly invoice? You guessed it. It just takes a click to turn a one-time invoice into a
recurring invoice. It’s that simple. Once you have created your invoice, you can send it directly
using the accounting software. All you have to do is insert your client’s email and click send. And
if your customers or clients are delaying your invoice payments, you can send them a late payment
reminder with just a couple of clicks.

23. Simplified Tax Compliance

One of the main benefits of using accounting software is that it helps with tax compliance.

Let’s face it, no business owner likes to deal with taxes. That’s where accounting software comes
in. By having accurate accounting records, up-to-date financial statements and reports, gathering
the documents and information required for filing taxes is super simple.

Additionally, advanced online accounting software like Desk era, has inbuilt tax rules, allowing
you to focus on growing your business, instead of worrying about dealing with the IRS. All you
have to do is select your country, enter your business information, and Desk era will automatically
apply taxes to invoices and other documents, based on your local tax rules.

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Desk era provides full inbuilt tax compliance for the following countries: USA, Singapore, India,
Malaysia, Philippines, and Indonesia (Australia, Canada, and Japan - coming soon).

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 1.3 DISADVANTAGES OF ACCOUNTING SOFTWARE

Not all businesses will benefit equally from using accounting software. If you’re thinking of
switching from manual to computerized accounting, you should consider these possible
drawbacks: Cost: the bundle cost, albeit little in connection with your different expenses, is higher
than a paper-based framework

1. Usage:

You will presumably require some underlying help setting up a records bundle. This will more
often than not be a chargeable administration, maybe acquired from your bookkeeper or the
framework supplier.

2. Support:

You may need to buy yearly upkeep and backing for your bundle. For you to have support for the
yearly maintenance of your package, you'll probably need to purchase yearly maintenance from
your software provider.

3. Concentrated requirements:

A records bundle is intended to suit most sorts of business. In any case, if your business is
extremely uncommon you may find that you have to change the way you work to suit the bundle,
or pay to have the bundle adjusted to suit your requirements. You can't effectively deal with your
business without some kind of a bookkeeping framework. Whether you pick manual over
mechanized arrangement, it's altogether up to you.

4. Implementation

In as much as accounting software are easy to use, it is generally easier to set up manual accounts
than the software. For you to effectively get an accounting software working, you'll need to pass
through some training from people that are already experienced in it.

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5. Specialised needs

Accounting software are generally designed to suit all types of businesses however they may not
suit some specialist business. For specialist businesses to use accounting software effectively,
they'll need to change the operational processes or refine the program to their requirements.

6. Cost of running the software

Although we earlier stated that the accounting software are generally cheaper to manage, it is
worth knowing that you'll also need to renew the software and, in some cases, pay a specialist to
teach you how to use it.

7. Loss of Data or Service

When a business is reliant on accounting software, any loss of service due to a power or computer
outage could cause a work disruption. Work disruptions can prevent the input of new information
as well as prevent access to stored information. Additionally, if information is not properly backed
up, a computer outage could result in lost financial data.

8. Incorrect Information

The information in an accounting system is only as valid as the information put into the system.
Since most accounting systems require some manual input of data, financial results could be
incorrect unless all input data is reviewed. If there is a tendency to only review the final reports
or output of an accounting system, it may be difficult to find faulty information.

9. System Configuration

Every business has unique aspects that may cause difficulties when it tries to tailor a generic
accounting software package to its needs. While customization is available for many programs, it
may cause downtime and potential inaccuracies if not done correctly. Also, as a business grows,
there may be a need to change accounting software packages; this could cause a large disruption,
as information must be migrated and new training is needed for personnel.

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10. Cost

A disadvantage of accounting software is the cost involved. Beyond the initial outlay to purchase
the software there is the cost of maintenance, customization, training and computer hardware.
While time savings may justify the cost, for some businesses it may take years before an
accounting software investment pays for itself.

11. Fraud

Information stored electronically can be manipulated and accessed if proper controls and security
measures are not in place. Strict controls are needed to make sure only authorized personnel use
the accounting software and have access to reports. Since financial data can be sensitive and
confidential, using accounting software creates the potential for fraud.

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 1.4 TYPES OF ACCOUNTING SOFTWARE AND ITS FEATURES

3 MAJOR TYPES OF ACCOUNTING SOFTWARE

DATABASE ACCOUNTING INSTALLED ACCOUNTING CLOUD ACCOUNTING

SOFTWARE SOFTWARE SOFTWARE

3 Major Types of Accounting Software

1. Database Accounting Software

2. Installed Accounting Software

3. Cloud Accounting Software

1. Database Accounting Software

This type of system is used by multi- million-dollar companies large corporations. Data is more
secured since businesses need to have a large database to install this type of software. Oracle
accounting software falls in this category. One needs to hire systems engineer and systems
consultant to install and get this type of software operating in your company.
Basically, this type of software can handle financial management, more complex tasks, Large
network and complicated accounting functions.

Target: Big companies, Banks, Large Corporations

Advantages: Flexibility, Security, Ability to handle complex accounting tasks

Disadvantages: Expensive, High Costs for Maintenance

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2. Installed Accounting Software

In areas where internet connection is slow and limited, businesses can take advantage of
accounting software in the form of CDs or DVDs which you need to install in your desktops
or laptops.

Target: Startups, Small to Medium- sized Enterprises (SMEs)

Advantages: Easy- to- install, various accountants can use it.
Disadvantages: Difficult to customize, difficult to use in multiple locations, limitation to the
number of PCs that can use the software due to restrictions by the manufacturer, data is
available on your computer or laptop only and it is not available online and cannot be shared
to others.

3. Cloud Accounting software

This accounting software are available online and data can be accessed through the

Internet or Cloud. Examples of the cloud- type accounting software are FreshBooks,
QuickBooks, Sage 50 Premium Accounting 2015, and Xero.

Target: SMEs

Advantages: Less expensive, your data is available online and can be accessed anytime
and anywhere, you can connect it with your online bank account

Disadvantages: Needs familiarization in terms of functionalities

Nowadays, cloud- based accounting services got more popularity for startups and small-
sized businesses.

For startups, FreshBooks is also a good choice. FreshBooks comes with a 30- day free trial
for those businesses who wants to try it out first. This cloud- based accounting software lets
you easily make and send receipts and bills to customers. It can also organize and manage
your expenses while you are numbers to Quick books. doing something more important. One
nice feature of Fresh books is that you can export the

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Also, one of the best and known accounting software is Quickbooks. For small businesses,
Quickbooks makes accounting easy, simple and manageable. Xero is also one of the good online
accounting software for small and medium- sized businesses. One of the best features in Xero is
its functionality for teamwork and collaboration in making financial statements. On the other
hand, Sage 50 Premium Accounting 2015 Edition, formerly Peachtree, is the upgraded version of
Peachtree, and is stacked with powerful functionalities for your accounting needs. With Sage 50
Premium accounting software, you can do inventory, make financial statements and reports, sales
orders and purchase orders, and a lot more.

Lastly, choose the accounting software that fits your business needs. Research, study and try out
the accounting software mentioned above. Accounting software are valuable in the survivability
and effectivity of your business. It can make those numbers more manageable and easier to
comprehend. By making use of an accounting software, you can simply make a more professional
and comprehensive financial statement that is indispensable in any business.

Other Accounting software

1. Tally. ERP 9

Tally. ERP 9 is a windows-based Enterprise Resource Planning software. The software handles
Accounting, Inventory Management, Order Management, Tax Management, Payroll, Banking and
many such requirements of the business. It supports all day-to-day processes from recording
invoices to generating various MIS reports.

2. SAP

SAP stands for Systems Applications and Products in Data Processing. SAP, by definition, is also
the name of the ERP (Enterprise Resource Planning) software as well as the name of the company.
SAP Software is a European multinational, founded in 1972 by Wellen Reuther, Hopp, Hector,
Plattner, and Tschira. They develop software solutions for managing business operations and
customer relationships.
SAP system consists of a number of fully integrated modules, which covers virtually every aspect
of business management.

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SAP is #1 in the ERP market. As of 2010, SAP has more than 140,000 installations worldwide,
over 25 industry-specific business solutions and more than 75,000 customers in 120 countries
Other Competitive products of SAP Software in the market are Oracle, Microsoft Dynamics, etc.

3. QuickBooks Online –

Small business accounting software Every business organization looks forward to incorporating
customized means that eases overall workability and increases productivity. QuickBooks is one
of the modern, scalable, and rich featured accounting software which fulfils work obligations by
boosting efficiency. This software aids small and medium scale business through various
customized plans. QuickBooks is easy to use software that tracks, calculates, organizes financial
aspects, and making them perfectly effective to transmit over various departments. With
QuickBooks, it becomes easier to import transactions, reconcile bank accounts, and know where
the money is invested. QuickBooks Online allows tracking of income-expenses, generate invoices,
regularise payments, import invoices, maximize tax deductions, run and export reports including
profit/loss, expenses, balance sheets, easily track cash flows and avoid surprise transaction.
Additionally, it allows dashboard customization, custom chart builder, track KPIs, track deductible
miles, categorize business and personal trips, forecast cash flows, generate financial insights, run
custom reports, match certified bookkeeper, and connect with the later as per convenience.
QuickBooks reduces your stress by automating bills, recurrent payments, activate Auto Payroll,
Tax penalty protection, manage inventory, calculate sales tax, track project profitability, and create
groups accordingly. QuickBooks is one of the best accounting software for a small business which
suffices all the financial requirement through its three different plans. Available for the free trial,
QuickBooks also provides virtual support to its customers; help them choose the plans
accordingly.

QuickBooks Online Accounting Features:

Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense
Tracking, Payroll Management, Tax Management

4. Xero:

Online accounting software for small businesses, Xero has been popular for its advanced features,
online support, and customized dashboards. The software is equipped with the latest tools,
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structures, features, and resources to help the company run even during hard times. Xero is helpful
for its remote access that allows you to check cash flows and transactions from any device; iPad,
desktop, PC, tablet, or phone.
This small business accounting software is organized, magical, smart, and simple. The software is
also available as mobile apps to help you track bank reconciliation, send invoices, create expense
claims, and forward payments.
Equipped with time-saving tools, you need to grow the business, Xero offers a professional
environment for the company. With Xero, manage your cash flows by scheduling payments and
batch paying suppliers, handle personal expenses and easily segregate from business expenses,
create custom purchase orders, copy bills for payments, attach source documents for better finance
management. Additionally, this business accounting software updates business exchange
reconciles with foreign currency, integrates with more than 800 apps to manage inventory,
expenses, invoicing, and time-tracking. Xero is a smart software with more than 2 million
subscribers who sought easy solutions for accounting management.

Xero Accounting Features:

Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms,
Expense Tracking, Fixed Asset Management, Fund Accounting, Government, Nonprofits, Payroll
Management, Project Accounting, Purchase Orders, Tax Management.

5. FreshBooks:

One of the best accounting software for small business, FreshBooks has been popular for helping
the small business run smoothly and engage in profitable ventures. When you start a new business,
you have to focus on its smooth venturing, profit-making, security, and handle tons of accounting
activities. Since small and startup businesses lack resources, FreshBooks comes as a handy
software that makes your business running smooth, fast, easy, and secure. This software is among
the best accounting software for startups as it provides automated tools to manage your business
hassle-free.

FreshBooks saves time by automating invoice reminders and putting the business on autopilot
mode. It has become easier to generate insightful reports and keeping an eye on the financials that
helps in making smarter decisions. With a customized dashboard, FreshBooks keeps all your client

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conversations secured, handles projects, syncs with the team, and manages work schedules. The
reports generated are easy to follow and powerful enough to understand and make business
decisions. FreshBooks is a well-designed, powerful, easy to follow, and functional platform to
keep track of expenses, payments, and receivables.

FreshBooks Accounting Features:

Accounts Receivable, Billing & Invoicing, Expense Tracking

6. Sage Business Cloud Accounting:

Sage is a popular cloud-based accounting software widely integrated by small and medium scale
businesses. Trusted by more than 3 million people, Sage has been providing simple accounting
solutions for the past 38 years. The software is one of the best accounting software for small
business that not only manages your data but also keeps a track on money flow. For any start-up,
it is important to manage the business and scrutinize new ideas without worrying much about the
management and admin tasks. Sage solves your issues by eliminating the financial compliances,
handling data, and making it available as per requirement.
Sage is online accounting software for small businesses that creates and sends online invoices,
accepts payments, connects with your bank, and manages transactions effortlessly. From sales to
purchase, cash flows, and reporting, Sage cloud accounting management software serves the
business with commendable features. Additionally, Sage integrates with Microsoft Office 365 to
provide a hybrid, complete accounting solution. It monitors and manages cash flows, optimizes
sales, analyses performance, provides remote access, and compliances with various tax structures.
Sage is an advanced solution that comes with a 60-day risk-free guarantee and full-time online
support. Now, it’s no longer an errand task to maintain your receivables, payables, and money
when Sage is available at your service.

Sage Business Cloud Accounting Features:

Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense
Tracking, Non-profits, Payroll Management, Tax Management

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7. Zoho Books:

Zoho Books is one of the top accounting software that manages finances, keeps the company GST
compliant, and automates business workflows. As your business grows, it becomes difficult to
manage everything while focusing on business growth. Zoho Books integrates with other apps
installed in the business system that run every aspect of a business. Right from negotiating
business deals, raising sales orders, generating invoices, and accepting payments, Zoho Books
handles mundane accounting tasks. The software helps in focusing on business without disrupting
the workflow. Additionally, Zoho Books creates GST invoices, files tax returns, and helps the
business to remain GST compliant.
Zoho Books creates e-way bills, automatically detects transactions, helps in capturing transport
bills, calculate GST liability, enables push transactions, and segregate the supply of GST levied
goods. Zoho Books of accounts chase every transaction, enable payment reminders, and provide
the customers with online payment options. The payable feature incorporated in Zoho Books
allows you to keep a track of your money. It has become easier to create and send purchase orders,
upload expense receipts, keep a track of payments. In addition to handling cash, Zoho Books is
capable of tracking inventory, replenish stock, organize stock, and generate vital information like
stock costing, pricing, and stock in hand.

Zoho Books Accounting Features:

Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Purchase
Orders.

8. Odoo Accounting:

Among the best online accounting software, Odoo Accounting is evolving faster with growing
users. For decades manual accounting strategy has pulled down business and resulted in slow
growth. Odoo Accounting is an online, strategic, automatic, and a beautiful concept of recording
every transaction in such a way that you are left with ample time to focus on business growth.
Breaking all the misconception around errors of online accounting, Odoo Accounting brings you
an altogether automated accounting system. This is one of the most-used accounting software for
its advanced features, real-time insights, time-saving tools, and automated electronic invoicing.

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With Odoo Accounting integrated into the business, get your bank statements synced with your
bank account automatically. Importing files, exporting, sharing desktop, creating invoices,
managing recurring bills have become easier than following the conventional method. Odoo
Accounting controls supplier invoices, manages expenses, bills, tracks payments, keeps a track of
your money, saves time by automating reconciliation. If you are worried about missing receivables
than Odoo automatically generates invoices and sets reminders for your debtors. The software is
capable of creating beautiful reports, balance sheets, cash flow statements, carry out data
comparison, and automatically create project tasks. It’s time to unleash your business growth with
this business accounting software available online.

Odoo Accounting Features:

Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms,
Expense Tracking, Fixed Asset Management, Fund Accounting, Government, Nonprofits, Payroll
Management, Project Accounting, Purchase Orders, Tax Management.

9. Wave Accounting:

An easy to use business accounting software is a boon for any organization. Wave Accounting
software is a free, powerful, and smart option for organizations that are looking to unleash business
growth. When you work hard for your business, you look forward to solutions that can be easily
integrated into the system and allows you to focus on other aspects. Wave Accounting provides
you an organized and stress-free accounting solution. The software offers a smart dashboard that
organizes your income, expenses, payables, and receivables. Wave uses double-entry accounting
software which largely makes it accountant-friendly software.

Wave Accounting is the best accounting software enriched with powerful bookkeeping features
that makes it stand out among other accounting software. Track overdue bills, make payments,
keep an eye on bank reconciliation, handle debit and credit cards, cash inflow and outflow, manage
profit and loss, and many other relatable activities. Wave is accounting software that allows
business owners and accounting professionals to gather all the relevant information into one
financial system. The software accomplishes entire accounting duties, streamlines projects, and
eliminates chances of human error. Wave Accounting allows users to create accounts for free.

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Being one of the best online accounting software for small business, Wave can be installed at no
hidden price. Yes, it's free!

Wave Accounting Features:

Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms,
Expense Tracking, Fixed Asset Management, Fund Accounting, Government, Nonprofits, Payroll
Management, Project Accounting, Purchase Orders, Tax Management.

10. Sage Intacct:

Best scorer for the best accounting software for medium-sized business at the Gartner 2019
Critical Capabilities Report, Sage Intacct is true to what it offers. This core accounting software
accelerates your team productivity by 40%, slashes your half-close time, and provides a bigger
picture for business growth. The software streamlines workflow across the account payable cycle
automates invoicing and collectibles, tracks multiple accounts with real-time visibility. Sage
assists the business to handle multiple entities by overcoming the tedious conventional method of
general ledger management. It handles multiple currencies and overcomes geographical barriers
within a few minutes. Business with multi-dimensional success goals gladly opts for Sage Intacct
as the business accounting software for its multitasking abilities and user-friendly features.
Sage Intacct automates complex, high-volume cash cycles, improves profitability, advances order
management. It helps the team achieve speed, accuracy, visibility, structured transactions, and
approvals. This interactive accounting software is highly configurable and flexible. Designed as
cloud-based accounting software, Sage Intacct brings robust technology into the conventional
organization; turning it into a smart and modern profit-making business. This best of breed
interactive solution has garnered the highest customer satisfaction in terms of services, features,
usability, and pricing. The product offers a live demo to help you understand its best features and
let you decide its benefits in the business.

Sage Intacct Accounting Features:

Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking,
Fixed Asset Management, Fund Accounting, Non-profits, Project Accounting, Purchase Orders,
Tax Management.

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11.Crunch:
Crunch is the only business accounting software that loves accounting as much as you are
connected for the businesses. So, what makes Crunch a sought after accounting software? The
answer is its incredible, user friendly features. Crunch acts as your bookkeeper, accountant, and
dedicated assistance. The electronic accounting software provides real-time dashboards to help
you get an immediate view of business performance. The software manages your expenses and
tracks your income from various sources. Crunch automatically tracks invoices and makes it easier
to generate your receivables. Additionally, if you are a start-up company, Crunch acts as the best
online accounting software for startups. The team helps the business with its formation and
explains everything to make sure you do not incur additional costs or pay taxes.
Crunch Accounting Features:

Accounts Receivable, Billing & Invoicing, Expense Tracking, Tax Management, Bank
Reconciliation, Payroll Management, Purchase Orders.

12. Free Agent:

A software that takes care of your taxes, accounts, bookkeeping, is a boon for small scale business.
FreeAgent is award-winning accounting software for small businesses that allows you the mobility
to run the business from anywhere, manage expenses, pay off invoices, check cash flows, and
calculate business tax at just one click. Portraying a well-designed, customized, and user-friendly
dashboard, FreeAgent gives you an overview of your business. Either you hire an accountant or
chose to do it by own self, FreeAgent allows it all. The automated accounting and bookkeeping
system build your accounts in the background, saves time on admins, and allows access to all your
business financial reports with ease.
FreeAgent automatically builds real-time business accounts by evaluating bank statements,
invoices, expenses, and entries passed throughout the year. This accounting software provides a
comprehensive set of reports for Profit/Loss, Balance Sheet, Trial Balance, Debtors, Creditors,
Dividend reports, vouchers, etc. FreeAgent is more likely an automated accounting software that
takes charge of repetitive admin tasks. Introducing a new way of working, FreeAgent delivers
dual benefits to both the business and its accountants. The FreeAgent mobile app is iOS and
Android friendly which makes it quick and easy to update your accounts.
The double-entry accounting system keeps your financial records up to date.

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Free Agent Accounting Features:

Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense Tracking, Fixed Asset
Management, Project Accounting, Payroll Management, Purchase Orders, Tax
Management

13. Workday Financial Management:

Workday is a cloud-based financial management system that brings your accounting,

consolidation, procurement, reporting, projects, and analytics into one single platform. This
software provides unparalleled insight into the financial status of your company and advances
better control over the accounts management. Workday is one of the best accounting software
available in the market as it embraces the organizational process without disrupting your everyday
business chores.
The software goes beyond the basics of accounting and gives you real-time business control.
Understanding actionable reports, making timely decisions, managing embedded activity, are few
activities that make Workday at par.
Workday stands out among the list of accounting software for its global operation, multicurrency
capabilities, and impeccable features. From audit management, revenue management, reporting,
analytics, consolidated balance sheet, financial planning, strategic sourcing, project management,
Grants management; Workday software provides them all. The software meets multinational
requirements with country-specific configuration. Businesses can now reach new levels of
financial efficiency by utilizing in-memory accounting and reporting features offered by Workday.
The software allows easy sharing results on the dashboard, scorecards, and configurable KPIs.
Additionally, companies can manage cash transactions, forward payments, and track bank
accounts, signatories, activity fees, and cash positions as well.

Workday Financial Management Accounting Features:

Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense
Tracking, Fixed Asset Management, Government, Non-profits, Payroll Management, Project
Accounting, Purchase Orders, Tax Management.

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14. Kashoo:

Invest your 28 minutes per year on simple cloud-based accounting software like Kashoo and see
your business grow rapidly. If you have a small business, then this is not a joke! Kashoo is one of
the best accounting software for small businesses that sorts a whole year’s worth in lesser time
than it takes for an accountant. The software allows you a free account to check what it has to
offer. From tracking expenses, managing cash in hand to paying your tax, Kashoo is there to do it
all!
The smart software changes the way you run your small business by offering an array of features.
Generate automated reports that instantly update and runs your business, make professional-
looking invoices, and receive instant payments and automate tracking expenses to make your job
easier. Kashoo is doing an incredible job by linking your business with bank accounts, syncing
them perfectly, and uplift business’ financial health. The software helps you segregate personal
expenses from business expenses, manage cash flows, and bank transaction with just one click.
This incredible software is available for a free trial and personalized pricing facilities.
Kashoo Accounting Features:

Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking,
Payroll Management, Project Accounting, Tax Management.

15. Sage 50cloud:

Support your business and stay connected with Sage 50cloud. Integrated with Microsoft 365, this
cloud-based accounting software is an easy to use hybrid accounting software. This complete
software solution helps in tracking inventory, provokes cash flow management, automates banking
feed, and generates cloud backups. Sage 50cloud is a trusted, reliable solution that provides easy
to use managing key for business management. The platform is one of the best accounting software
for small business empowers entrepreneurs to operate the business more efficiently and
productively. This platform is trusted by more than 3 million people worldwide for its epic features
and reliability.
This unique accounting platform focuses more on other important aspects than completely
emphasizing on accounting. It helps in monitoring financials and cash flow easily keeps track of
the customer’s project, records purchases, and expenses, optimizes sales, serializes inventory. This
most used accounting software analyses performances and offers a one-click dashboard instantly.
Sage 50cloud further offers remote access by allowing multiple users to perform multiple tasks

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remotely by downloading Sage Drive Multiuser. Protecting your finances with advanced security
facilities, Sage 50cloud is popular with the business for its compliance with taxation and payroll
as well. The product is available with a 60-day risk-free guarantee and personalized pricing
policies.

Sage 50cloud Accounting Features:

Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking,
Fixed Asset Management, Fund Accounting, Government, Non-profits, Payroll Management,
Project Accounting, Purchase Orders, Tax Management.

16. ONE UP:

Bookkeeping is the most important part of accounts, is a tedious task that can be achieved by
installing a simplified, smart accounting software. ONE UP is an example of one of the best
accounting software which does all the hard work for you by setting up your bank and
synchronizing your accounts. ONE UP is one of the fastest online accounting software for small
business owners and accountants.
ONE UP retrieves daily bank transactions, matches them with your choices, and pops up options
after a few days. The software understands your behaviour and validates suggestions accordingly.
This is a smart feature that helps the users in finding bank entries within a few seconds without
wasting much time.
ONE UP is a unique bookkeeping software that matches bank transactions with overdue invoices,
existing vendor bills, bank transfers, or creates a new one when required. The software delivers
cashflow and profit information on an everyday basis, to help you stay on top of your finances
and remain informed as well. ONE UP features a tax calculator to help you calculate periodic sales
tax and know exactly the financial position of the business. At the year-end, ONE UP allows you
to share the books of profits and loss with designated software outside the business for auditing
and taxation purpose. Additional features include inventory, invoicing, and CRM which are fully
available on desktop and mobile versions.

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ONE UP Accounting Features:

Accounts Receivable, Bank Reconciliation, Billing & Invoicing, Expense Tracking.

17. ZipBooks:

ZipBooks is simple accounting software that gives you a smarter way to record books of accounts
and maintain a profitable business. Over the years, the developers of ZipBooks are bringing out
the best features to help small business in every aspect. From managing professional level
invoices, reporting, and recording bookkeeping, ZipBooks gives you smart insights into the
business. This powerful accounting software for small business surpasses all the expectations that
one can have from any accounting software. Equipped with multiple features, ZipBooks balances
your work by auto-categorizing transactions.
ZipBooks lets you create beautiful, customized invoices, in a few seconds. It connects your bank
accounts and credit cards to save time and update. The business accounting software manages
taxation in addition to handling bookkeeping. From handling back-office operations from multiple
locations to balancing accounts books, ZipBooks keeps immaculate records for your business. The
software provides a smart way to track all your transactions, keep on the top list of your creditors,
and figure out how much profit you actually earn. Additionally, the software gives you day-to-day
updates and intelligent feedback to improve your transaction, make wise tax decisions, and cut
down unwanted expenses. From free starter plans to three varied customized plans, ZipBooks sorts
your bookkeeping issues smartly.

ZipBooks Accounting Features:

Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms, Expense Tracking,
Fund Accounting, Government, Non-profits, Payroll Management, Project Accounting, Purchase
Orders, Tax Management.

18. ZarMoney:

An advanced cloud-based accounting software; ZarMoney is one of the powerful platforms that
grow with you. Equipped with multiple features, ZarMoney is professional-level software that
balances your inventory and keeps your books of accounts updated. From invoicing, managing
bills, offering complete visibility of inventory, and advancing payments; this software does it all!

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ZarMoney, the best accounting software for small and medium-sized businesses, gives you instant
access to more than 40 built-in and hundreds of customizable reports for all business functions.
Thousands of small and medium-sized businesses are choosing ZarMoney for its financial tools
and smart pricing solutions.
ZarMoney manages the status of sales order, automatically notifies customers, and provides
payment terms and early discounts. In addition to managing business customers, the accounting
software creates and sends professional quotes and estimates, converts them into orders,
automatically prints invoices, and maintains customized contracts. With sales orders, ZarMoney
smartly handles purchase orders, generates credit bills, tracks payments, and automatically detects
liabilities.
The advanced features include hyper security by limiting access to desired staff, provide password
protection, and restrict access based on computer locations. With this unique business accounting
software, businesses can manage their inventory, handle bank transactions, automatically calculate
taxes, prepare tax filing reports, and create advanced comprehensive reports.

ZarMoney Accounting Features:

Accounts Payable, Accounts Receivable, Bank Reconciliation, Billing & Invoicing, CPA Firms,
Expense Tracking, Fund Accounting, Non-profits, Project Accounting, Purchase Orders, Tax
Management.

19. My Books:

Empowering small scale business, myBooks is one of the best ways to manage business
accounting online. Overcoming the conventional accounting style, myBooks is the best response
to all the loopholes that inherent over the past few decades. Termed as the best accounting software
for small business, myBooks fulfils issues related to information gaps, inaccuracies, agonizing
lead times, and overheads. Accounting software is popular when it does not hurt the financial
condition of your business; myBooks is one of the most-used accounting software as it is
affordable, easy to integrate, and equipped with the right features to democratize leading
technologies.
myBooks is free accounting software that syncs all financial activities in one place. The software
connects your bank and imports transactions automatically in the software. It provides a single
desktop to view each transaction without worrying about manual entries. The platform is easy to
use, simple business accounting software that does not call for any computer degree. It is easy to
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configure and set up so that real work can be carried out sooner. myBooks accounting software is
one of the best accounting solutions for enterprises, small entrepreneurs, freelancers, small IT,
accountants, and financial companies.

myBooks Accounting Features: Accounts Receivable, Billing & Invoicing, Tax Management,
Bank Reconciliation, Purchase Orders

20. ART:

ART accounting software is among the most used accounting software that not only improves
business ability but also equips executives with striking insights to business financial position. The
software utilizes algorithms to perform reconciliation and help business executives understand
gradual changes in the business. It provides real-time dashboards to monitor status, exceptions,
transactional matching between data sets to understand the company’s development. With this
exceptional business accounting software, executives can manage and automate a close checklist
during the financial reporting process. ART links task activity, documents, balance sheets to
enhance the reconciliation process.

The software is a modern, advanced way to understand the financial position of a business through
a real-time dashboard, role-based access to key reports, and real-time grading. Unlike most of the
small business accounting software, ART certifies and validates the balance sheet, certifies
account ownership, account balances, and exceptions.
The powerful workflow management and automated tools make the business efficient and
productive like no other business. ART generates powerful, easy-to-follow, reports that securely
access current and prior period data. Reports generated are available in multiple formats that can
be emailed, archived, and signed off straight from the software for better evaluation. This
accomplishing software is available through an online website on request. Do away with manual
and cumbersome spreadsheets with ART’s visually impressive dashboards and features.

ART Accounting Features:

Accounts Payable, Accounts Receivable, Bank Reconciliation, CPA Firms.

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1.5 PROBLEM FACED BY SMALL COMPANIES WHILE USING
ACCOUNTING SOFTWARE

Accounting problems are pretty common amongst those who are already using accounting
software which they believe can make their accounting works easier. Accounting software that
gives users too many problems are normally the ones that are outdated and not very userfriendly.
Below are some of the problems encountered by most businesses when using accounting software:

1. Lack of security

Software users are worried about the security of their data as they are accessible by foreign parties.
Even though firewalls are believed to have the capability to solve this problem, but the firewall
setup on a computer may get screwy at times; when this happens, there is nothing much they can
do.

2. Weak reporting service

Some accounting software solutions are powerless in helping users who wish to get their business
data out. Users are annoyed with the fact that it is easy to put data in yet impossible to get them
out after –seems pointless if they do not support both ways. As for data transfer, some accounting
software products do not allow data to be retrieved nor imported.

3. Lack of efficiency

Business owners want to have things done quicker and less time consuming. Some accounting
software products are not user-friendly and do not enable users to fully use their keyboard. Using
the mouse can slow down a business progress. They are also lack of features, capabilities, expend
abilities and compatibility

4. Outdated & lack of accuracy

Some accounting software systems are outdated. Therefore, details tend to be inaccurate, system
slows down and system errors happen. Data corruption is a serious matter.

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5. Not user-friendly & difficult to customize

Due to system restrictions, users cannot perform customization based on their preferences. Some
systems are rather cluttered and difficult to understand. It will be tough for users to get rid of
unnecessary columns and information on their own.

6. Lack of features and expensive

Some accounting software offer less features but at expensive prices. Customers will always have
to get the upgrade versions in order to get the features they want, or switch to another provider.

7. No Bank Reconciliation feature

Accounting software such as ‘Wave Accounting’ for instance does not have bank reconciliation
feature, which means it is unable to perform bank and credit card accounts reconciliation. This
feature is highly essential as it helps businesses to track on errors such as missing transactions,
duplicated transactions, wrong amounts and even typos.

8. Poor Customer Relationship Management (CRM)

Users are stressed out by the lack of training and guidance in using the software, even when it
comes to fixing the problems occurred. Extra training may also cost extra cost to the users. Users
are always in search of high-quality training. Some websites also do not provide their contact
number –lack of trust amongst customers.

9. Software compatibility

Many users are frustrated because their accounting software is not compatible with their programs.
For example, a customer may not be able to import some date into his program simply because
the software does not allow this. Users cannot import or retrieve information from other programs
because their accounting software does not have the capability to do so.

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10. No 24/7 technical support

Customers had to wait until the next business day before they get to fix their accounting software
problems. Most consultants are only available during business hours; unless they provide
customers with a cell phone number which they can contact for after-hours contact.

11. Inconvenient technical supports via phone

The best support is always through a face-to-face session rather than just phone calls –that way,
customers can get a better picture of what is happening and what to do if the problem occurs once
again in the future. The ability for a support specialist to access customers’ data and remote in to
their problems is much more effective and less stressful than simply trying to explain the solution
via phone calls.

12. Poor speed of access

Since accounting software is accessed over the Internet, delays are likely to happen due to the
distance to the data centre (location problem). Speed issue can also be determined by the speed of
processors and servers used to run the online accounting software.

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CHAPTER 2: REVIEW OF LITERATURE

1. The impact of Information Technology (IT) on modern accounting systems

• Maziyar Ghasemi, Vahid Shafeiepour Mohammad Aslami, Elham Barvayeh

Abstract:- This paper attempts to clarify the impacts of information technology (IT) on
accounting systems. The biggest impact IT has made on accounting is the ability of companies to
develop and use computerized systems to track and record financial transactions. IT networks and
computer systems have shortened the time needed by accountants to prepare and present financial
information to management. This system allows companies to create individual reports quickly
and easily for management decision making. Other capabilities of computerized accounting
systems are: Increased Functionality, Improved Accuracy, Faster Processing, and Better External
Reporting. Finally, this paper shed light on advantages and disadvantages of using information
technology (IT) in accounting systems.

2. The effect of information technology, quality of accounting information and understanding of

students on accounting software users.
• Namira Ufrida Rahmi, Widya Sari, Bayu Wulandari Master of Accounting, Faculty of
Economic,Universitas Prima Indonesia, Indonesia

Abstract:- This study aims to determine and analyze the influence of information technology,
information quality and accounting understanding of the satisfaction of accounting software users.
Accounting software who the object of research is Accurate Accounting, which was studied in
computerized accounting courses. This study was conducted in the Accounting Study Program at
the Faculty of Economics, Universitas Prima Indonesia, which at the time of this research
occupied the fifth semester with 290 students as respondents. The method of data analysis in this
study is to use the SmartPls program version 3 by calculating Pls-algorithm, bootstrapping and
blindfolding. Based on the results of the study, it is known that information technology,
information quality, and accounting understanding have a significant effect on the satisfaction of
users of accounting software

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3. Effects of accounting information system on Organizational Profitability Smt.
Bhavna P. Patel, Assistant Professor
Swami Sahajanand College of Commerce and Management,Bhavnagar.

Abstract:- An accounting information system is a structure that a business uses to gather, store,
direct, process, recover and report its financial data. So that, it can be used by owners, accountants,
advisor, business analysts, managers, chief financial officers, auditors and regulatory and tax
agencies. Accounting information systems is a part of company’s information systems this helps
in facilitating decision making within organizations and can be modified to an organization’s
environment, structure and requirements of task. This study emphasizes on the important of
accounting information in making decisions. The accounting information always plays an
essential role in decision making of the managers related to the financial and economic issues. It
also affects to the survival of an organization. In addition, accounting tools such as cost accounting
system, management accounting system, price and profitability provide the useful information to
the manager to make the financial and economic decisions also. This research study is also
disclosing the relationship between the Accounting Information Systems used by the Enterprises
and its profitability. The purpose of the study was to examine the effect of accounting information
systems on profitability level of organization.

4. Impact of Information Technology on Accounting Akabom

I. Asuquo, Nicholas O. Dan, Glory T. Effiong

Abstract:

Title: The study was carried out on the impact of information technology on the accounting line
of work.

Purpose: The purpose was to determine the impact of information technology on the accounting
line of works in the global system.

Methodology: A survey methodology was adopted. In the course of gathering Information,

questionnaires were constructed, validated, and dispensed to sampled elements of the targeted
area, which had the relevant knowledge in the area of inquiry. Appropriate statistical tools were
adopted to evaluate the raw facts obtained. Results/Conclusion: Results of the investigation had
shown that information technology has a substantial influence on the accounting line of work and
37
was therefore concluded that accounting line of work has changed from what it used to be before
now to a line of works that developed in alliance with the trend in technical improvement and a
globalized structure. Further more as inferred from the findings of the study, there is a great call
for prompt and concerted efforts on several fronts in order to find ways of coping with the growing
degree of window dressing account, the malady of accounting noise and fraud skyrocketing
syndrome in the business and the non-business world due to non-adhering to tenets of information
technology when carrying out an accounting line of works.

Recommendation: It was consequently recommended that the accounting line of work will be
greatly enhanced if information technology is allowed to penetrate and dominate accounting
practices and operations.

5. Understanding the impact & Importance of Technology in an Account Setting

Francis, Catherine Ann, "Understanding the Importance & Impact of Technology in an

Accounting Setting" (2020). Honors Theses and Capstones. 502.

Abstract:- Although accounting has gone through significant changes over the years due to
technological advancement, the profession remains at the core of business. Technology has not
only impacted the accounting profession, but has completely transformed the business world. As
professionals are continuously introduced to new technology platforms, their ability to analyze
and interpret data is enhanced. The research presented in this paper seeks to understand which
platforms are leading the way for change within the accounting profession. More specifically, this
paper explores which platforms professional accountants perceive as most important to their job.
This involves understanding which platforms they perceive themselves as having the most
knowledge in using, as well as the platforms they believe they use most as a part of their job.
To conduct this research, a survey was sent to participants believed to be currently working at an
accounting firm. The results of this survey were analyzed based on certain controls. These controls
include public accounting service focus, firm size, and position held at the firm. This helps to
determine if there are any differences in the importance and impact of technology platforms based
on these controls. The results of the study show that Microsoft Excel, Skype, CaseWare IDEA,
other Microsoft tools, Tableau, and Quickbooks are perceived as the most important to an

38
accountant’s job. The identification of these platforms as being important, help show how the jobs
of accountants are changing.
These platforms allow accountants to spend more time analyzing the data they are working with,
which in turn helps them to make more informed decisions.

6. The Impact of Accounting Software on Business Performance

• Ismail Nizam, Senior Lecturer FTMS College, Malaysia

Abstract:- The objective of this paper is to investigate and explore the impact of Accounting
Software on business performance of Malaysian firms. The study discusses and explores the
effects of using AIS on the firm’s performance. The result of this study is expected to help the
firm’s owners and manager in understanding the importance of using Accounting Information
System (AIS) derived from Accounting Software to achieve performance. Several
characteristics such as: efficiency, reliability, ease of use, data quality and accuracy influenced
the use of AIS, thereby affecting the performance of firms. Modern literature and the result of this
study shows that these AIS characteristics possessed by the accounting information such as:
efficiency, reliability, ease of use, data quality and accuracy have significant effects on the
use of AIS and firm’s performance. Previous researches have shown that it is crucial for firms to
use AIS to ensure the survival and sustainability of business in the increasingly competitive
environment besides enhancing their business operations competency and efficiency. This study
is one of few that could shed light on how the use of AIS affects the performance of firms. In this
study, the authors propose that dimensions of using AIS are important for improve the
performance of business organizations.

7. Firm characteristics and selection of international accounting software

• (Journal of International Accounting,Auditing and Taxation)

Abstract: - We report the results of a survey of international U.S. companies focused on the
selection of international accounting software. We investigate the relationships among firm
characteristics (size and degree of internationalization), international features of accounting
software (multicurrency, multi reporting, and multilingual), and general selection criteria (support

39
and security, hardware and operating platforms, and flexibility and cost).We find that firms’
reported preferences for international features differ depending on size and degree of
internationalization. However, the relationship between firm characteristics and general selection
criteria is not significant.
The implication from our results is that firm characteristics should be an important consideration
in the selection and design of international accounting software.

8. The impact of Accounting Information Systems (AIS) on performance measures: empirical

evidence in Spanish SMEs1
Elena Urquía Grande. Complutense University of Madrid. Spain.

Raquel Pérez Estébanez. Complutense University of Madrid. Spain.

Clara Muñoz Colomina. Complutense University of Madrid. Spain.

Abstract: - This research study is aimed, based on empirical evidence, at measuring the
relationship between the use of the Accounting Information Systems (AIS) by the Small and
Medium Sized Enterprises (SMEs) in Spain, and firms’ improved performance indicators and
productivity. This empirical study is based on a survey carried out among small and mediumsized
firms to ascertain the extent to which development and implementation of accounting information
systems had taken place, and subsequently an analysis was made as to how much this introduction
may impact on improvement in outcome indicators and productivity. As interesting results we
have found that there is a positive relationship among the SMEs that use AIS for fiscal and bank
management and better performance measures. This research provides value added in accounting
literature given the scarcity of works dealing with the relationship between the application and use
of AIS and performance and productivity indicators in SMEs in Spain.

9. Organizational performance effects of ERP systems usage: The impact of post-implementation

changes
• (International journal of Accounting Information Systems) Volume 7, Issue 1, March
2006, Pages 18-35

Organizational performance effects of ERP systems usage: The impact of post-implementation

changes

40
Abstract: - This paper examines the long-term financial performance effects of ERP system
changes/revisions for firms that have previously reported ERP adoptions. The study is motivated
by the mixed results of recent studies examining the financial effects of ERP systems and by
studies which demonstrate that ERP implementations are modular in nature.
And thus may yield organizational performance gains or losses as a result of discrete changes that
might be initiated after the initial system implementation.

This study empirically examines the extent to which discrete changes to ERP systems over a post-
implementation time-frame impact on firms' ability to deliver long-run financial performance. It
further examines whether the timing and nature of system transformation during the post-
implementation period presents a significant moderating condition of ERP performance outcomes.
We specifically consider the ERP-adopting firms previously examined by Nicolaou [Nicolaou,
A.I. 2004a. Firm performance effects in relation to the implementation and use of enterprise
resource planning systems. Journal of Information Systems 18 (Fall): 79– 105] and track them for
changes/revisions in the form of enhancements, upgrades, abandonments and switches during the
post-implementation period. Two research hypotheses are developed in the study which posit that
both the nature and the timing of system implementation changes represent significant conditions
for ERP post-implementation success.

From the original sample of 247 firms used in Nicolaou [Nicolaou, A.I. 2004a. Firm performance
effects in relation to the implementation and use of enterprise resource planning systems. Journal
of Information Systems 18 (Fall): 79–105], a total of 83 firms were identified to report 182 discrete
changes during their ERP system post-implementation period. The results suggest that, in general,
subsequent changes in ERP systems often help resolve or surface implementation issues that affect
subsequent use of and success from the use of such systems. Specific findings indicate that ERP-
adopting firms, which initiate early enhancements in the form of either add-ons or upgrades, may
enjoy superior differential financial performance in comparison to other ERP-adopting firms'
differential performance.

41
Late enhancements and both early and late abandonments lead to apparent differential
performance deterioration for the ERP-adopting firms. These findings support the theoretical
propositions developed in the study The study's findings provide an important contribution to the
ERP systems success literature and present important insights for future research in this area.

10. The Impact of Information Technology on Accounting Scope in Iran

Ali Taghavi Moghaddam, Seyed Javad Habibzadeh Baygi, Rohollah Rahmani and Meysam
Vahediyan

Department of Accounting, Bojnourd Branch, Islamic Azad University, Bojnourd, Iran

Department of Accounting, Mashhad Branch, Islamic Azad University, Mashhad, Iran

Department of Accounting, Neyshabur Branch, Islamic Azad University, Neyshabur, Iran

Department of Accounting, Bardaskan Branch, Islamic Azad University, Bardaskan, Iran

Abstract: - The aim of this study is the impact of role of information technology in accounting
scope in Iran. So, we provided the questionnaires. The results of paper show that information
technology causes to decrease book keeping. Also, it causes to increase accuracy in accounting
process, to shorten the time of providing reports, to decrease cost of gathering information, to
improve reports in management accounting and to provide a background for executing techniques
of costing. Information technology has affected on accountants they need to acquire new skills
like as applied software’s of accounting, excel and access. Also, as decreasing book keeping and
saving time of accountants, their participation was increased in the processes of planning,
analyzing management. Therefore, in according to mentioned results, it can be stated that if using
information technology, it will be provided the better background for improving accounting
profession and role-creating more suitable accountants in organizations.

11. The Ability of Accounting Information Systems to support Profitability and Growth (Industrial

Sector-Jordan Companies)

• Ahmad Yahiya Ahmad Bani Ahmad

42
Abstract:- All organizations Seeking to achieve its strategic objectives in an effective and
efficient in order to reach the main objective of any organization is profitability and growth and
thus maximize the market value and increase the wealth of the owners and the various ways that
can lead to improved performance and increase their profits under the age characterized by
competition and technological development and knowledge to become data and information in the
event they are used efficiently and effectively one of the most important assets of the company
where the decision-making process using data and accurate information has become one of the
most activities of the company importance and in order to reach sound decisions, whether
operational or investment or financing short-or long-term than that would achieve the above
mentioned objectives of the company.

This study came to discuss the issue of financial growth and profitability in industrial companies
contributes in the Hashemite Kingdom of Jordan using two indicators: return on equity, return on
assets, as measures of the performance of companies on a regular basis. The two ratios were
calculated each one according to mathematical equations that follow standards (FASB).The study
found that the results were contrary to many previous studies in this framework, and therefore, the
results of this study cannot be generalized, and therefore cannot say that the accounting
information systems do not affect the performance of the companies, as the companies in Jordan
continues to suffer from a lot of problems in the application of accounting systems.

Key words: AIS Accounting Information System, ROA Return on Assets, ROE Return on Equity,
FASB, Profitability, Growth, Industrial Sector.

12. The Impact of Accounting Financial systems on Financial Performance

A case study of TCS – INDIA

• Hadi Saeidi Young Researchers and Elite Club, Quchan Branch, Islamic Azad University,
Quchan, Iran

43
ABSTRACT

Accounting information systems (AIS) as a part of company’s information systems (IS) are seen
as facilitating decision making within organizations and should be tailored to an organization’s
environment, requirements of task, and structure. An accounting information system is a structure
that a business uses to collect, store, manage, process, retrieve and report its financial data so that
it can be used by accountants, consultants, business analysts, managers, chief financial officers
(CFOs), auditors and regulatory and tax agencies. In particular, specially trained accountants work
with AIS to ensure the highest level of accuracy in a company's financial transactions and
recordkeeping and to make financial data easily available to those who legitimately need access
to it, all while keeping data intact and secure.In this research, given to the subject studied, the role
of accounting information systems on organizational environment from the perspective of top
managers, five hypotheses related to the research were taken into account.

Questionnaire was designed in part of top managers, includes 30 questions. By using the statistical
package SPSS for testing each relationship, an output value called P-value which is the same –p,
significance probability was obtained.
Finally, The mean of each research hypothesis, after the test was as follows: first hypothesis

4.2584, second 3.5123, third 3.0958, four 3.5966 and five hypothesis 3.7042.

13. D.M.J. Wickramsainghe, RMMD Pemarathna, NHK Cooray & TDSH Dissanayke
(Faculty of Management studies, Rajarata University of Sri Lanka)

Abstract: - The purpose of the study was to examine the impact of accounting software for
business performance on profitability level of small-scale business. To measure the business
performance can be used system quality, information quality and service quality. We measured the
business performance by using variables such as Reliability, Efficiency and user friendliness of
Accounting Software. According to the research result organization can increase their
performance by using accounting software.

14. Norfarah Syahirah Binti Mohd Fadzillah Lecturer School of Accounting and Business
Management FTMS College, Malaysia Syariah

44
“Impact of Accounting software on Business Performance”

Abstract:- The objective of this paper is to investigate the impact of Accounting software on
business firms. The study is examined to help the firm’s owners and manager in understanding
the importance of using accounting information system (AIS) derived from accounting software
to achieve the business performance. This study uses the several characteristics which are
efficiency, reliability, ease of use, data quality and accuracy as influence of the use of AIS on the
performance of the firms. In overall, the accounting software has impact on business
performance. Therefore, this study proposes that dimensions of using AIS are important for
improving the performance of business organisations.

15. The role of Information technology in Management Accounting by Asue Eselem

Valence Yvonne Chong FTMS College Malaysia Robert P Machera1, *, Precious C
Machera2

Abstract: -The purpose of this paper is to bring out the role of information technology (IT) in
Management Accounting functions and to shed more light on how IT has evolved with respect
to accounting operations as well as the different software packages used in accounting by
different industries.

45
CHAPTER 3: RESEARCH METHODOLOGY

• Methods of Data collection:

• Primary Method

• The study is based on both primary and secondary method.

• The primary data is collected through questionnaire.

• The data was collected from sample of 100 respondents.

• Secondary Method

• Internet

• Website

• Related articles

• Newspaper

• 9% respondents are HUF

46
Objectives of the study:

1. To evaluate the efficiency and accuracy of the software to deal with business work
performance.

2. To study the problem faced by small companies while using accounting software.

3. To study how the use of accounting software has impact on the profitability of the
business.

4. To study the impact of accounting software on financial decisions.

Scope of the Study:

This study aims to analyze the impact of accounting software on small organizations, focusing
on its role in enhancing financial management, operational efficiency, and decision-making. The
research will assess how accounting software helps small businesses streamline bookkeeping,
reduce manual errors, improve tax compliance, and optimize financial reporting. Additionally, it
will explore the cost-effectiveness of implementing such software compared to traditional
accounting methods. The study will also examine user adoption challenges, including technical
difficulties, training requirements, and resistance to change. By evaluating various accounting
software solutions, the research will provide insights into their effectiveness, usability, and
overall contribution to business growth. The study will cover small organizations across different
industries, ensuring a comprehensive understanding of the benefits and limitations of accounting
software in diverse business environments.

47
Limitations:

1.Obtaining information through companies was difficult.

2.There was no ample of time available for conducting research.

3.Respondents review may or may not be true and fare.

4.Sources of information are limited.

5.Small Sample Size – Limited number of organizations may not represent all small businesses.

6.Software Variability – Different software features affect outcomes, making comparisons

difficult.

7.Resistance to Adoption – Some businesses prefer manual processes, impacting results.

8.Short Study Duration – Long-term benefits may not be fully captured.

9.Data Accuracy Issues – Human errors in data entry can affect findings.

10.External Influences – Economic and regulatory factors may skew results.

11.Subjective Assessments – User satisfaction and ease of use are difficult to quantify.

12.Limited Respondent Accessibility – Small businesses may lack time for participation.

48
 Secondary Method

1. Major organizations use Tally Erp9 as a default accounting software.

2. Maximum organizations had a good experience while switching from paperwork to software.

3. Most of the organizations face technical errors while using accounting software.

4. Moreover, organizations have hired an accountant to maintain their accounting data.

5. Some organizations provide training to the accountant and some don’t.

6. Maximum organization says that maintaining data has become easy after the introduction of
accounting software.

7. Accounting software is improving accounts performance.

8. Most of the organizations completely rely on accounting software.

9. The data maintained in accounting software is accurate, safe & secure.

10.Accounting data saves time.

11.Accounting software has reduced the cost of business.

12.Accounting software increased the profit of business.

13.Accounting software helps organization to take better financial decisions.

14.According to most of the organizations maintaining data through software is the best method
of maintaining accounting data.

49
 CHAPTER 4:DATA ANALYSIS

Sole Partnership Company HUF

Proprietorship

51% 15% 25% 9%

No. of responses: No. of responses: 15 No. of responses: 25 No. of responses: 9

51

Interpretation: -

• 51% respondents are Sole Proprietor

• 15% respondents are Partnership firms

• 25% respondents are Companies

• 9% respondents are HUF

50
 Tally Erp9 QuickBooks SAP Other

56% 15% 16% 13%

No. of responses: 56 No. of responses: 15 No. of responses: 16 No. of responses: 13

Interpretation: -

• 56% respondents use Tally Erp9

• 15% respondents use QuickBooks

• 16% respondents use SAP

• 13% respondents use other software

51
Good Bad Average

48% 22% 30%

No. of responses: 48 No. of responses: 22 No. of responses: 30

Interpretation: -

• 48% respondents had a good experience while switching from paperwork to software.

• 22% respondents had a bad experience while switching from paperwork to software.

• 30% respondents had an average experience while switching from paperwork to software.

52
 Technical Error Lack of knowledge about Other
accounting software

41% 36% 23%

No. of responses: 41 No. of responses: 36 No. of responses: 23

Interpretation:

• 41% respondents faced Technical Error while using this accounting software.

• 36% respondents had less knowledge of using the accounting software.

• 23% respondents faced other issues while using accounting software.

53
 Accountant Self

70% 30%

No. of responses: 70 No. of responses: 30

Interpretation: -

• 70% organizations have an accountant to maintain their accounting data.

• 30% organizations maintain accounting data on their ow

54
Yes No

44% 56%

No. of responses: 44 No. of responses: 56

Interpretation: -

• 44% organizations embark on training the accountant in order to accommodate the change.

• 56% organizations do not embark on training the accountant in order to accommodate the
change.

55
 Yes No

78% 22%

No. of responses: 78 No. of responses: 22

Interpretation: -

• 78% organizations say that maintaining data has become easy after the introduction of
accounting software.

• 22% organizations say that maintaining data has not become easy after the introduction of
accounting software.

56
 Yes No

79% 21%

No. of responses: 79 No. of responses: 21

Interpretation: -

• 79% organizations feel that accounting software is improving their accounts performance.

• 21% organizations feel that accounting software is not improving their accounts
performance.

57
 Yes No

59% 41%

No. of responses: 59 No. of responses: 41

Interpretation: -

• 59% organizations completely rely on accounting software.

• 41% organizations do not rely on accounting software.

58
Yes No

80% 20%

No. of responses: 80 No. of responses: 20

Interpretation: -

• 80% respondents say that data maintained in accounting software is accurate.

• 20% respondents say that data maintained in accounting software is not accurate.

59
 Yes No

77% 23%

No. of responses: 77 No. of responses: 23

Interpretation: -

• 77% respondents say that data maintained in accounting software is safe & secure.

• 23% respondents say that data maintained in accounting software is not safe & secure.

60
 Yes No

84% 16%

No. of responses: 84 No. of responses: 16

Interpretation: -

• 84% respondents say that using accounting software saves time.

• 16% respondents say that using accounting software does not save time

61
Yes No

67% 33%

No. of responses: 67 No. of responses: 33

Interpretation: -

• 67% respondents say that the use of accounting software has reduced the cost of their
business.

• 33% respondents say that the use of accounting software has not reduced the cost of their
business

62
Yes No

72% 28%

No. of responses: 72 No. of responses: 28

Interpretation:

• 72% respondents say that accounting software has increased the profit of their business.

• 28% respondents say that accounting software has not increased the profit of their business.

63
Yes No

77% 23%

No. of responses: 77 No. of responses: 23

Interpretation:

• 77% respondents say that accounting data helps them to take better financial decisions.

• 23% respondents say that accounting data does not helps them to take better financial
decisions.

64
Through paperwork Software

29% 71%

No. of responses: 29 No. of responses: 71

Interpretation:

• 71% respondents say that the best way to maintain data is through software.

• 29% respondents say that the best way to maintain data is through paperwork

65
CHAPTER 5: CONCLUSION

Accounting software makes it easier for business owners to manage financial procedures,
performing financial tasks correctly and quickly. It does not replace the role of accounting
managers in organizing company’s finances, but instead enhances their productivity. Without the
help of accounting software, business owners or accounting managers will have to spend too
much time creating financial reports and other documents or reconciling bank accounts and
statements. Accounting software shorten the data processing time that usually takes a longer time
if it is done manually and processing can be accelerated significantly and with a better level of
accuracy. Thus, software greatly helps them gain complete visibility into their company’s
financial health, so that they can make wiser decisions.

Use of information technology to perform accounting functions has brought a chance for
companies to progress toward paperless offices. Companies applying a production system may
as well apply it more effectively if they use computerized systems. Such tools as electronic data
interchange and electronic funds transfer can provide companies with opportunities to apply
production system more effectively and save money. The arithmetic of adding up debits and
credits columns is done automatically and with total accuracy by the computer. Audit trails or
details are automatically maintained for you. Produce financial statements simply by selecting
the appropriate menu item. A computerized system lets you retrieve the latest accounting data
quickly, such as today’s inventory, the status of a client’s payment, or sales figures to date. Data
can be kept confidential by taking advantage of the security password systems that most
accounting programs provide.

This research was conducted to investigate the impact of Accounting Software in small
organizations. In conclusion accounting software is of great importance and has a great value to
business organizations and the economy. The accurate and reliable information flow is very
crucial to the growth of economy. Performance management play a key role in improving the
overall value of an organization. Prior researches have shown that accounting information system
adoption does increases firm’s performance profitability and efficiency operations. This study
shows that there is strong relationship between the characteristic of accounting software and

66
business performance, which means access to accurate accounting information will lead to
organizational effectiveness. Therefore, it can be concluded that accounting software has an
impact on business performance of small organizations.

The study on the impact of accounting software in small organizations reveals that it plays a
crucial role in enhancing financial management. It improves accuracy, reduces manual effort,
saves time, and ensures better compliance with tax and regulatory requirements. Additionally, it
provides real-time insights for informed decision-making, leading to increased efficiency and
growth. However, challenges such as initial investment, training, and cybersecurity risks must be
addressed. Overall, accounting software significantly benefits small organizations by
streamlining operations and improving financial control.

67
CHAPTER: 6 REFERENCES

• https://www.jetir.org/papers/JETIRBP06001.pdf
• https://www.researchgate.net/publication/322117264_Impact_of_accounting_soft
ware_for_Business_Performance
• https://bdtgd.cn/article/view/2023/371.pdf
• https://www.researchgate.net/publication/361325484_Acceptance_of_Accounting
_Software_in_Small_Business_and_Entrepreneurial_Prosperity_in_India
• https://drj.ves.ac.in/doi/pdf/10.1177/22297561231204402.pdf
• https://www.ijbmi.org/papers/Vol(2)9/Version-2/C0292013017.pdf
• https://ijarsct.co.in/Paper14871.pdf
• https://essuir.sumdu.edu.ua/bitstream/123456789/79294/1/Muneerali_Impact_of_
Accounting.pdf
• https://jsbs.scholasticahq.com/article/26834.pdf
https://shodhgangotri.inflibnet.ac.in/bitstream/20.500.14146/11456/1/sangita%20
jagia.pdf
• https://www.researchgate.net/publication/328956597_THE_IMPACT_OF_ACC
OUNTING_SOFTWARE_ON_BUSINESS_PERFORMANCE
• 1https://www.erpublications.com/uploaded_files/download/rajesh-kumar-
agrawal-dr-hariom-agrawal_Lkmok.pdf
• 1https://armgpublishing.com/journals/fmir/volume-4-issue-2/article-3/
• 1https://drj.ves.ac.in/pages/table-of-
contents/fulltext/?id=31&title=A+Study+on+the+Use+and+Effectiveness+of+Acc
ounting+Software+Systems+in+Enhancing+the+Business+Performance+in+Mu
mbai
• 1http://repository.kln.ac.lk/items/9941ae42-5aa9-4f75-8803-a9af17d723d6
• https://www.skylineuniversity.ac.ae/knowledge-update/from-different-
corners/impact-of-accounting-software-on-business-performance
• https://www.scribd.com/document/520285113/Accounting
• https://www.researchpublish.com/upload/book/paperpdf-1622884061.pdf
• https://www.academia.edu/15486618/RESEARCH_The_Analysis_of_Importance
_of_Accounting_Softwares_in_organisations_G_N_I
• https://ijrpr.com/uploads/V5ISSUE5/IJRPR28267.pdfRA

68
CHAPTER 7: APPENDIX

Question 1: Your Age:

A. 18 - 25
B. 25 - 35
C. 35 - 50
D. 50+

Question 2: Gender

A. Male
B. Female

Question 3: Occupation

A. Student
B. Employed

Question 4: What is the nature of this organization?

A. Sole proprietorship
B. Partnership
C. Company
D. HUF

Question 5: Which accounting software do you use?

A. Tally Erp9
B. QuickBooks
C. SAP
D. Other

Question 6: How was your experience while switching from paperwork to software?

A. Good
B. Bad
C. Average

69
Question 7: What are the problems faced while using the accounting software?

A. Technical error
B. Lack of knowledge about accounting software
C. Other

Question 8: Who maintains your accounting data?

A. Accountant
B. Self

Question 9: Does the organization embark on training the accountant in order to

accommodate the change?

A. Yes
B. No

Question 10: Has maintaining data become easy after the introduction of accounting
software?

A. Yes
B. No

Question 11: Is accounting software improving accounts performance?

A. Yes
B. No

Question 12: Do you completely rely on accounting software?

A. Yes
B. No

Question 13: Whether the data maintained in accounting software accurate?

A. Yes
B. No

70
Question 14: Whether the maintained in accounting software safe and secure?

A. Yes
B. No

Question 15: Does it save time?

A. Yes
B. No

Question 16: Has the use of accounting software reduced the cost of your business?

A. Yes
B. No

Question 17: Did it increase the profit of your business?

A. Yes
B. No

Question 18: Does this accounting data helps you to take better financial decisions?

A. Yes
B. No

Question 19: According to you which is the best way to maintain accounting data

A. Through paperwork
B. Software

71