APPLICATION OF ACCOUNTING SOFTWARE IN SMALL AND MEDIUM ENTERPRISES: BENEFITS AND CHALLENGES

Paper Id:	IJARW2382
Title:	APPLICATION OF ACCOUNTING SOFTWARE IN SMALL AND MEDIUM ENTERPRISES: BENEFITS AND CHALLENGES
Published in:	International Journal Of All Research Writings
Publisher:	IJARW
ISSN:	2582-1008
Volume / Issue:	Volume 6 Issue 6
Pages:	6
Published On:	12/20/2024 9:46:31 AM (MM/dd/yyyy)

Name:	Ha Thi Thanh Hoa
Institute:	Thai Nguyen University of Economics and Business Administration, Vietnam

Author Name	Author Institute

Research Area:	Accounting, Banking
KeyWord:	Accounting software, small and medium-sized enterprises (SMEs), financial management, technological adoption.
Abstract:	The application of accounting software in small and medium-sized enterprises (SMEs) has become an essential tool for enhancing financial management, improving accuracy, and increasing operational efficiency. This paper examines the benefits and challenges associated with the adoption of accounting software in SMEs. On the one hand, the integration of accounting software offers significant advantages such as improved accuracy and transparency in financial reporting, time and cost savings, and the ability to generate real-time financial reports. Additionally, the flexibility and accessibility provided by cloud-based accounting systems enable businesses to manage their finances more effectively. On the other hand, SMEs face several challenges, including high initial investment costs, compatibility issues with existing business processes, the need for staff training, and security risks related to data protection. The paper also proposes solutions to address these challenges, such as selecting appropriate software, providing adequate employee training, and ensuring data security. Ultimately, this paper highlights the importance of adopting accounting software as a critical tool for the sustainable growth of SMEs in the modern business environment.

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IEEE	Ha Thi Thanh Hoa, "APPLICATION OF ACCOUNTING SOFTWARE IN SMALL AND MEDIUM ENTERPRISES: BENEFITS AND CHALLENGES", International Journal Of All Research Writings, vol. 6, no. 6, pp. 276-281, 2024.
MLA	Ha Thi Thanh Hoa "APPLICATION OF ACCOUNTING SOFTWARE IN SMALL AND MEDIUM ENTERPRISES: BENEFITS AND CHALLENGES." International Journal Of All Research Writings, vol 6, no. 6, 2024, pp. 276-281.
APA	Ha Thi Thanh Hoa (2024). APPLICATION OF ACCOUNTING SOFTWARE IN SMALL AND MEDIUM ENTERPRISES: BENEFITS AND CHALLENGES. International Journal Of All Research Writings, 6(6), 276-281.

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Manuscript
GREEN ACCOUNTING IN VIETNAM: OPPORTUNITIES AND CHALLENGES IN THE PROCESS OF INTERNATIONAL INTEGRATION
TRENDS IN THE DEVELOPMENT OF INTERNAL AUDITING IN THE MODERN BUSINESS ENVIRONMENT
THE IMPACT OF BLOCKCHAIN TECHNOLOGY ON THE ACCOUNTING INDUSTRY

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Indian National Centre, India National Science Library, NISCAIR

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