E-accounting

E-accounting (or online accounting) is the application of online and Internet technologies to the business accounting function. [1] Similar to e-mail being an electronic version of traditional mail, e-accounting is "electronic enablement" of lawful accounting and traceable accounting processes which were traditionally manual and paper-based.

E-accounting involves performing regular accounting functions, accounting research, and the accounting training and education through various internet-based or computer-based accounting tools, such as digital tool kits, various internet resources, international web-based materials, institute and company databases which are internet based, web links, internet based accounting software and electronic financial spreadsheet tools to provide efficient decision making.

Online accounting through a web application is typically based on a simple monthly charge and zero-administration approach to help businesses concentrate on core activities and avoid the hidden costs associated with traditional accounting software such as installation, upgrades, exchanging data files, backup, and disaster recovery.

E-accounting does not have a standard definition, but merely refers to the changes in accounting due to computing and networking technologies.[2] Most e-accounting services are offered as SaaS (Software-as-a-service).

Uses
gollark: Why do I have a file called "bing.log"?
gollark: So I'm making a random stuff git repository, and I'm trying to find all my interesting-enough-to-publish-but-not-enough-to-be-released-as-a-standalone-project code.
gollark: I look at statuses a lot, I just mostly don't actually care.
gollark: I mean, I can replace Discord servers much more easily than family.
gollark: I'm okay with people being basically whatever as long as they do not start wanting particularly special treatment for it.

References
  1. Güney, Aysel (7 October 2014). "Role of Technology in Accounting and E-accounting". Procedia - Social and Behavioral Sciences. 152: 852–855. doi:10.1016/j.sbspro.2014.09.333.
  2. Deshmukh, Idea Group, 2006


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