Abstract
This paper investigated the use of cloud accounting by SMEs in Zimbabwe. The research used a quantitative approach and simple stratified random sampling techniques, stratifying according to firm size. A total of 132 questionnaires were used to collect data, and SPSS version 22.0 was used for the analysis. The study findings revealed a very low adoption of cloud accounting among SMEs in Zimbabwe. The foremost reasons for the low adoption rate of cloud accounting are a lack of awareness of the usage of cloud accounting, concerns about data security, and cost implications. The study further revealed that lack of training, data migration challenges, technical difficulties, integration issues, and concerns about data accuracy are the challenges faced by SMEs in implementing cloud accounting. The study recommends that SMEs prioritise training and skill development for their staff to build technical expertise in the utilisation of cloud accounting software. Furthermore, as the main stakeholder, the government should launch public awareness campaigns to educate small businesses about the benefits and opportunities of adopting cloud accounting technology.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Economics and Financial Issues
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
