Cloud Accounting Software: Awareness and Adoption by the Accounting Practitioners
Cloud accounting software is also known as web-based accounting software is accounting software that is hosted on the server and the server is always connected to the world wide web. Cloud accounting software will be the future of accounting software. Cloud accounting software is different from traditional accounting software. Traditional accounting is desktop-based accounting software. The software is installed and it is run on from the hard drive of the computer system. It requires periodic updating, maintenance cost, backup cost for all financial information. While using traditional accounting software the business needs to spend on the maintenance, backup and installation cost it is expensive for the business and it is a time-consuming process. Due to the changing environment and rapid increase in the advancement of technology now accounting software have also been advanced and given rise to cloud accounting software.
As there is rapid growth in the uses of cloud-based accounting software, the present study focused on the awareness and adoption of cloud-based accounting software among accounting practitioners. If they are aware of this system what are the reasons for adoption and if they are aware but have not yet adopted this system, then the reasons for their non-adoption.
Keywords - Accounting Application, Cloud Accounting Software