A STUDY ON PERCEPTION OF CLOUD ACCOUNTING AMONG MICRO AND SMALL BUSINESS OF AHMEDABAD CITY

Abstract

Accounting is crucial to the success or failure of  any organization. Now a days , technology and machines had made people's job easier. Cloud accounting is the newest technology trend in the accounting industry. Cloud accounting, can be referred to as internet-based online accounting, with the use of cloud computing to the accounting function of a firm. Even though there are  various benefits of  switching from traditional accounting to cloud accounting but due to the lack of awareness amongst the users and industry expert , not being used by everyone . Therefore, this study focused on Perception of cloud accounting amongst Micro and Small Business with special reference to Ahmedabad city. The data has been collected through questionnaire and Chi Square test, One sample t test and  frequency-percentage analysis has been used to analysis the data .The study concludes that  around 70% of respondents are aware about cloud accounting but  only 12% are using cloud accounting and others are not using due to the several reasons such as lack of technological resources , scarcity of funds, employees are not trained to adopt the technology ,  difficult to decide which cloud  accounting software they should move , security issues  and privacy of data .