According to practitioners’ opinion, any business can witness extensive benefits from using cloud-based solutions. The intuitive design, the possibility to access real-time information and several other advanced features make accounting accessible for both experts (accountants) and non-experts (small business owners). The study has made an attempt to find out the benefits and issues of cloud accounting on accounting and decision making abilities of the firms. The paper is a qualitative research, based upon the most relevant literature on this topic. The literature on this subject is mainly built on practitioners’ studies and handbooks, surveys conducted by specialized research companies or by cloud service developers. The benefits are more in compared to the issues involved in using cloud based accounting system. This paper focuses on the impact of cloud accounting on each actor in the entire business area.
cloud computing, accounting, issues and benefits
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