Abstract

Cloud based accounting solutions have changed the way finances are managed as they provide instant access to information and encourage collaboration. This research looks at the issue of technology adoption and its advantages as well as challenges and prospects with respect to the cloud-based accounting systems in India from the year 2019 to 2022. The assessments of cloud accounting’s expansion in this study were based on secondary data, case studies and other industry analysis of reports, and that this expansion can be attributed to increased internet access, government programs aimed at promoting growth like the introduction of GST and small businesses and such. The paper also highlights the issues of cyber security and training of users and even infrastructural deficits in India.