Reducing Costs by the Use of Cloud Accounting
Cloud technologies have developed intensively during the last years. Cloud accounting is one of the most important factors that assist economic units in keep up of scientific and technological development and its exploitation in the organization of accounting work based on the Internet-based on systems designed to carry out all the accounting procedures of the economic unit, Dematerialization of accounting documents and migration of certain accounting operations to cloud-based electronic platforms have overcome the research phase, as the Kurdistan region already includes numerous companies that develop and provide cloud accounting based accounting applications. The research aims to review the concept of cloud accounting and its advantages. It found that reliance on cloud accounting contributes to cost reduction as well as its contribution to the organization of accounting work. The present research seeks to verify the hypothesis claiming that the cost-saving generated by the utilization of a cloud accounting based application is significant enough to represent a relevant criterion when selecting the internet based accounting solution.
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