E-accounting (or online accounting) is the application of online and
Internet technologies to the business accounting function. 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.
Deshmukh, Idea Group, 2006
/ref> Most e-accounting services are offered as SaaS ( Software-as-a-service).
Uses
*E-Invoicing
Electronic invoicing (also called e-invoicing or einvoicing) is a form of electronic billing. E-invoicing methods are used by trading partners, such as customers and their suppliers, to present and monitor transactional documents between one anoth ...
* Accounts payable
* Accounts receivable
* Payroll
References
External links
*
Accounting software
Computer-related introductions in 1998
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