Electronic Accounting and Accounting Information System

Abstract

Given the need to leverage on requisite technologies in the Accounting world, particularly in the face of digitalization taking the premium space in today’s highly globalized world, the need to examine the twin issues of Electronic Accounting (e-Accounting) and Accounting Information System (AIS) has become expedient. By means of an exploratory approach, findings from this empirical analysis reveals that there is a growing awareness of advanced cloud based tools and their benefits is a testament of their effectiveness. The study therefore concludes that by automating task, businesses can save time and use it for important metrics like growth, diversification and optimization. The study therefore recommends that given that there are so many accounting software in the market today that are not only rich in features and have solid capabilities but are also budget friendly and designed for the need of the small and midsize businesses to allow for choices by business owners, the use of requisite accounting software by all organizations must remain a focal point.