Abstract:
Purpose: Adoption of Accounting Software becomes key factor in determining the
survival and success of an organization. The objective of this paper is to investigate
the impact of Accounting Software on Business Performance of Listed Companies in
Sri Lanka
Design/methodology/approach: This study employed a quantitative research
approach, distributing 70 questionnaires and receiving 34 responses. Using a random
probability sampling method, the target population consisted of accountants or users
of accounting software in Sri Lankan listed companies. Data analysis included five
statistical methods: Descriptive Analysis, Normality Analysis, Reliability Analysis,
Exploratory Factor Analysis, and Multiple Regression.
Findings: The result indicates the Efficiency has significant impacts on business
performance. Meanwhile, the other four characteristics which are Reliability, User
Friendly, Data Quality and Accuracy are not found to have a significant impact on
business performance. Overall, the results indicate that accounting software has an
impact on business performance.
Practical implications: This study is significant to the firm’s owners and manager in
understanding the importance of using Accounting Information System (AIS) derived
from Accounting Software to achieve the business performance. The findings of this
paper will help the accounting software developers to develop a new software that
fulfill the needs of user’s and also it will benefit the firms that acquire appropriate
accounting software.
Originality value: This study offers original insights into how accounting software
influences business performance in Sri Lanka’s listed companies. The findings
provide valuable insights for business owners and software developers, guiding future
enhancements.
