Digitalization of the economy: general theoretical approaches and certain practical issues

Abstract

The article examines the issue of automation of accounting in the conditions of digitalization of the economy. The purpose of the article determine specific tasks, namely, the study of general theoretical approaches and individual practical tasks. It has been established that the automation of accounting processes allows to significantly reduce the time for performing routine tasks, reducing the volume of manual work, which contributes to increasing the efficiency and productivity of accounting employees. This allows them to focus on more important analytical and strategic tasks. The use of automated systems minimizes the human factor, which reduces the likelihood of data errors. This is especially important for financial statements and other documents where accuracy is critical. Automated accounting systems provide better transparency of financial transactions and allow for more effective control over the company's activities in conditions of digitalization. This helps increase the confidence of investors, auditors and other interested parties. The speed of data processing of modern software allows the processing of large volumes of data in real-time, which facilitates the adoption of operational management decisions. This is especially relevant in the rapidly changing economic conditions of the market, unpredictable circumstances and risk. Compliance with the requirements of the legislation helps enterprises to quickly respond to changes, quickly adapting their accounting systems to new requirements. This reduces the risks associated with non-compliance with regulations. Automated accounting systems are easily integrated with other enterprise information systems (ERP, CRM, HRM, etc.), which provide a unified information base and facilitate management of all aspects of enterprise activity. This, in turn, allows you to reduce the costs of administration and data management, which in the long term leads to significant savings in financial and human resources. Enterprises that have implemented automated accounting systems gain competitive advantages due to increased efficiency, transparency and speed of response to market changes. This allows them to be more flexible and adaptable to new challenges.