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ARTICLE · 05 NOVEMBER 2021

Digitalization Of Accounting Processes And Cloud Accounting

Development of science and technology, general availability of fast mobile internet, cloud software, availability of electronic services via computer or mobile phone, the general trend of digitalization of business documentation ...

CroatiaAccounting and Audit

Development of science and technology, general availability of fast mobile internet, cloud software, availability of electronic services via computer or mobile phone, the general trend of digitalization of business documentation such as e-invoices and other documents are all parts of the so-called digital transformation which also affects changes in the provision of accounting and bookkeeping services.

It was digitalization that made work from home possible for many accountants during the pandemic. The advantage of digitalization is the reduced need for files and paper documentation, because all data can be electronically stored. One of the main reasons for digitalization is saving and reducing costs. When a company opts in for a digital transformation of accounting documentation, all invoices usually go in parallel with other documents entering the company.

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