THE IMPACT OF DIGITIZATION OF ACCOUNTING ON THE ACTIVITIES OF ENTERPRISES IN BOSNIA AND HERZEGOVINA
THE IMPACT OF DIGITIZATION OF ACCOUNTING ON THE ACTIVITIES OF ENTERPRISES IN BOSNIA AND HERZEGOVINA

Summary/Abstract: Every day is a challenge that requires a lot of knowledge and time for the purpose of achieving planned sales, finding the best suppliers, achieving set business goals. Accounting is an integral part of any business, and it is important for the successful operation of any business. Accounting has changed and continues to change and expand from the moment it emerged. Accounting has undergone a special transformation with the information technology. Digitalization as one of the most important phenomena of the 21st century has affected all parts of society and business. Accounting software has become an integral part of the business of every enterprise, and without it would be almost unthinkable to track the company’s business going from procurement, production to product sales. Business processes that involve accounting tasks should be designed, optimized and simplified for the purpose of ensuring time savings. Precisely due to the fact that time is money, and in order to save time, business is increasingly being transferred to digital form. The advantages and disadvantages of digital accounting were best seen during the COVID-19 pandemic. The purpose of this paper is reflected in demonstration of the impact of digitalization of accounting on the company’s activities. The subject of research is to prove the positive and negative effects of digitalization of accounting on company’s activities. Empirical studies will prove what kind of impact the use of digital accounting has on the company’s business, and task set for accountants and management in the future.

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