BARRIERS OF IMPLEMENTING ACCOUNTING SOFTWARE IN RETAIL INDUSTRY OF PAKISTAN

Abstract

For a long time, businesses were thought to be the main engine of Economic growth and poverty reduction. Companies and businesses and firms are adaptable and can swiftly adjust to shifting market availability and demand in addition to encouraging private ownership and entrepreneurial abilities. The purpose ofthis study is to demonstrate how barriers to the use of accounting software effect enterprises and organizations in Pakistan. In this emerging era of technology, there are companies and businesses who are shifting their systems towards modern and computerized accounting software to avoid mistakes and make efficient decisions. Furthermore, a questionnaire was created and circulated to collect information about the proposed and hypothesized barriers and obstacles that are present in decision making of adoption and implementation of accounting software. Last but not least, the findings of this study indicate that the proper implementation and use of accounting software ensures strong responsibility and accountability of the commercial enterprise and also aids the owner and decision-makers ofthe firm in having a better understanding oftheir performance and results. Small and medium-sized businesses can lower operational costs by using accounting software, which will also boost their competitiveness and capacity to compete.