Cloud Accounting Practice in Small and Medium Enterprises (SMEs) of Bangladesh

The SME sector is considered as the engines of growth and drivers of innovation and the bloodline of the economy of Bangladesh. This sector creates employment for 7.8 million of the country. Since the forthcoming expected flow of industrial development, as predicted, of Bangladesh depends on the smooth growth of SME, therefore the growth of SME mostly relies on the adoption of technological innovations like cloud computing. The material cloud computing used in SMEs is titled as cloud accounting. This paper aims at exploring the state of the practices of cloud accounting by the small and medium enterprises in Bangladesh with identifying the influencing factors of the practice. To conduct the study, owners and officials of 100 small and medium enterprises have been chosen randomly throughout the country. Semi-structured questionnaire is used to collect primary data which has been analyzed using SPSS-20 and PLS 3.3.3. The results reveal that the adoption rate of cloud accounting practice is near to 50% in SMEs of Bangladesh. The external influences, perceived benefits, and organizational readiness influence the owners to adopt the practice.