Comparison of Paper-Based and Technology-Based Accounting as Perceived by the Accountant in Batangas City

Abstract

INTRODUCTION

During the early years, merchants utilized manual accounting that did not involve the use of technology or software. Through the years, technological advancements created a chance for the accounting sector to improve their systems into something more efficient and effective. Despite this development, the accounting sector is slow in adopting technological changes. With regards to such developments, the researchers conducted this study to analyze the components of the paper-based and technology-based accounting, eventually leading to better work performance for accountants.

METHODS

The research used the descriptive method. A survey investigation was conducted in gathering relevant information. The subjects were accountants and they were chosen through simple random sampling. The data were treated statistically and computed in rank and frequency, weighted mean, and composite mean. The study also underwent the T-test validation to identify whether the views of the respondents between the two-accounting system would vary.

RESULTS

The accountants who participated as respondents perceived that there are tools/systems used in the paper-based and technology-based accounting. The ledger is the widely used tool in paper-based accounting whereas Microsoft Excel is for technology-based accounting. The respondents also answered that they seldom use the tools or systems from the two types of accounting. Accountants also stated their perception in utilizing paper-based and technology-based accounting. As a result, respondents perceived that paper-based and technology-based accounting do have their pros and cons, leading to no significant difference beyond the perceptions. To this end, the researchers decided to propose several guidelines for the better utilization of both paper-based accounting and technology-based accounting.

DISCUSSIONS

The results implied that there is no significant difference between the perception of the accountants in the paper-based and technology-based accounting, contrasting the results of several related studies implying of a significant difference between the two-accounting system. The integration of the maximum security and organization in the business is needed to fully attain the potentials and limits of both accounting systems. The need to properly balance the exposure of accountants in both accounting systems is needed for further investigation of this study.