Impact of E-Commerce on Accounting Management
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Impact of E-Commerce on Accounting Management
Authors:
Dr. Annapurna Metha Sarjare,
Ankit Singh
Abstract
E-commerce has transformed the global business landscape, directly influencing how accounting is managed. This paper explores the significant effects of e-commerce on accounting management, including real-time transaction processing, automated reporting, inventory control, and compliance with taxation regulations. The integration of advanced technologies like cloud computing, AI-based analytics, and ERP systems has reshaped traditional accounting processes. As businesses shift to online models, accountants are required to develop new skills and adapt to evolving tools and protocols. This paper aims to understand how e-commerce changes the accounting function, both operationally and strategically, within firms. It also discusses the challenges such as cybersecurity risks, compliance complexities, and training deficiencies. A mixed-method research design is employed to gather insights from practitioners and literature. The findings suggest that e-commerce contributes positively to efficiency and transparency in accounting but also brings about the need for system upgrades and professional development. The objective of this study is to provide a comprehensive understanding of how accounting management must evolve to keep pace with digital business models.
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