Impact of Digital Accounting Tools on Financial Decisions in Small and Medium Businesses
الكلمات المفتاحية:
Digital accounting, financial decisions, business, budgeting, tools
الملخص
Digital accounting tools play important roles for small business owner’s financial decision. The benefit of these tools ranges from ease of financial reporting, better record keeping, time efficiency, budgeting, expense control, profitability analysis and business growth planning. Small businesses in Northern Cyprus are faced with challenges such as time inefficiency, low level of organization, poor record keeping, inadequate budgeting planning, expense control, limited resource, and tax compliance. These challenges stem from inadequate tools for keeping accurate data of small businesses. The study was intent on investigating how the use of digital accounting tools has affected various facets of accounting in small businesses with the use of extended TAM. The focus was to pinpoint the gains and setbacks associated with implementing them. The research examined the impact and ease digitalization seen in the area of better record keeping, time efficiency, budgeting, expense control, profitability analysis and business growth planning. Qualitative study was undertaken employing a thematic analysis approach, utilizing semi-structured interviews to obtain comprehensive and in-depth insights from professionals and entrepreneurs in different industries and locations. The study revealed that SMEs benefited immensely by using digital accounting tools. Small business owners in Northern Cyprus reported that it improved their ease of doing business (PEU) and overall business organization (PU). Younger business owners in Northern Cyprus below 45 years were observed to participate more in the use of digital accounting compared to older business owners. There is need to sensitize the public about these benefits ranging from budget planning, expense control, cash flow forecasting, profitability analyzing, and business growth analyzing.
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8. Bambang, A., Kusumawati, A., Nimran, U., and Suharyono, S. (2021). The effect of spiritual marketing and entrepreneurship orientation on determining sustainable competitive advantage. The Journal of Asian Finance, Economics and Business, 8(2): 231–241. https://www.kci.go.kr/kciportal/landing/article.kci?arti _id=ART002685719
9. Benitez, J., Castillo, A., Llorens, J., and Braojos, J. (2018). IT-enabled knowledge ambidexterity and innovation performance in small U.S. firms: The moderator role of social media capability. Information and Management, 55(1): 131–143. https://doi.org/10.1016/j.im.2017.09.004
10. Bonsu MOA, Wang Y, and Guo Y (2023). Does fintech lead to better accounting practices? Empirical evidence. Accounting Research Journal, 36(2/3): 129-147. https://doi.org/10.1108/ARJ-07-2022-0178
11. Bresnahan, T. F., Brynjolfsson, E. & Hitt, L. M. (2002). Information technology, workplace organization, and the demand for skilled labor: Firm-level evidence. The Quarterly Journal of Economics, 117(1), 339–376. https://doi.org/10.1162/003355302753399526
12. Brown, J. (2009). Democracy, Sustainability and Dialogic Accounting Technologies: Tak ing Pluralism Seriously. Critical Perspectives on Accounting, 20: 313-342. https://doi.org/10.1016/j.cpa.2008.08.002
13. Chang, H. Y. and Ma, C. A. (2019). Financial flexibility, managerial efficiency and firm life cycle on firm performance: An empirical analysis of Chinese listed firms. Journal of Advances in Management Research, 16(2): 168–180. https://doi.org/10.1108/JAMR-06-2017-0072
14. Chikelu, P., Nwigbo, S., Azaka, O., Olisakwe, H., and Chinweze, A. (2022). Modeling and simulation study for failure prevention of shredder rotor bearing system used for synthetic elastic material applications. Journal of Failure Analysis and Prevention, 22(4): 1566-1577.
15. Coglianese, C. and Ben Dor, L. M. (2020). AI in adjudication and administration. Brooklyn Law Review, 86: 791-838.
16. Collin, J. (2015). Digitalization and Dualistic IT. In J. Collin, K. Hiekkanen, J. J. Korhonen, M. Halén, T. Itälä, and M. Helenius (Eds.), IT Leadership in Transition: The Impact of Digitalization on Finnish Organizations (pp. 29-34). Aalto University.
17. Coman, D. M., Ionescu, C. A., Duică, A., Coman, M. D., Uzlau, M. C., Stanescu, S. G. et al. (2022). Digitization of Accounting: The Premise of the Paradigm Shift of Role of the Professional Accountant. Applied Sciences, 12: 3359. https://doi.org/10.3390/app12073359
18. Daragmeh, A., Sági, J., and Zéman, Z. (2021). Continuous intention to use e-wallet in the context of the COVID-19 pandemic: Integrating the health belief model (HBM) and technology continuous theory (TCT). Journal of Open Innovation: Technology, Market, and Complexity, 7(2), Article 132. https://doi.org/10.3390 /joitmc7020132
19. Dillard, J., and Brown, J. (2012). Agonistic Pluralism and Imagining CSEAR into the Future. Social and Environmental Accountability Journal, 32: 3-16. https://doi.org/10.1080/0969160x.2012.656403
20. Dong, H., Guo, J., Chen, T., and Murong, R. (2023). Configuration research on innovation performance of digital enterprises: Based on an open innovation and knowledge perspective. Frontiers in Environmental Science, 10: 953902. https://doi.org/10.3389/fenvs.2022.953902
21. Esfahbodi, A., Pang, G., & Peng, L. (2022). Determinants of consumers’ adoption intention for blockchain technology in e-commerce. Journal of Digital Economy, 1(2): 89–101. https://doi.org/10.1016/j.jdec.2022.11.001
22. Fabiani, S., Schivardi, F. & Trento, S. (2005). ICT adoption in Italian manufacturing: firm-level evidence. Industrial and Corporate Change, 14(2), 225–249. https://doi.org/10.1093/icc/dth050
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منشور
2025-11-21
كيفية الاقتباس
Mohammad Emran Abu Afifeh, & Ayşem İyikal Çelebi. (2025). Impact of Digital Accounting Tools on Financial Decisions in Small and Medium Businesses. Journal of Arts, Literature, Humanities and Social Sciences, (126), 494-516. https://doi.org/10.33193/JALHSS.126.2025.1580
إصدار
القسم
المقالات
الحقوق الفكرية (c) 2025 Mohammad Emran Abu Afifeh , Ayşem İyikal Çelebi
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