ABSTRACT

                        A business requires that one keeps close control of its financial data. When your financial data is in the office and you aren’t, how do you retrieve the information you need?  The solution is simple, and it’s called E-Accounting. E-Accounting helps to keep financial data and accounting applications in a safe, secure environment. Access can, however, be provided to permitted users regardless of their location. New technologies, like the Internet and mobile solutions, have provided new business opportunities and operations. E-Accounting is new development in field of accounting. In e-accounting, source documents and accounting records exist in digital form instead of on paper. E-accounting concept is adopted at international level. E-accounting helps businesses keep their financial data and accounting software in a safe, secure environment, allowing real time access to authorized users, irrespective of their location or computing platform. Therefore this paper is based on review of the problems & prospects about e-accounting and provides a brief outline about adoption and impact of e-accounting. Concept and features of e-accounting, e-accounting challenges & security issues have been discussed in the paper comprehensively.

Key words: e-accounting, financial data, adoption, security issues, challenges.