Qualitative Analysis on Costs and Benefits of Adopting a Cloud-Based Accounting Information System: A Case Study of Rural Banks in Ghana

Abstract

The accounting and recording approach have been impacted by the expansion of the internet and the advancement of information technology. Cloud accounting is a result of the use of cloud computing technology. Cloud computing is growing in acceptance, and more companies are using cloud-based software to boost productivity and gain a number of other advantages. The purpose of this study was to learn more about the advantages and difficulties of implementing a cloud-based accounting information system. The study, which employed a qualitative approach, discovered that cloud accounting enhanced operations compared to using in-house software, increased accessibility of the banks' services, and sped up customer turnaround time. High maintenance costs, network failure, trouble deciphering reported error codes, insufficient technical help, and system failure during an update are a few of the difficulties.