The Impact of Transitioning to Digital Accounting Systems on the Quality of Data, Cost Reduction, and Decision-making of Medium and Small-sized Businesses in the Bangkok Metropolitan Area and Perimeter
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Abstract
This study investigates the impact of digitizing accounting systems on the quality of accounting information and the decision-making effectiveness of management in small and medium-sized enterprises (SMEs) in Bangkok and its metropolitan area. A survey of 400 samples was conducted, and the data were analyzed using Structural Equation Modeling (SEM). The findings indicate that digitizing accounting systems significantly improves the quality of accounting information, specifically in terms of accuracy and timeliness, with a standardized coefficient of 0.001 and a p-value of less than 0.05. Additionally, digitization significantly reduces costs, also with a standardized coefficient of 0.001 and a p-value of less than 0.05. Moreover, the study shows that the enhanced quality of accounting information, characterized by increased accuracy and timeliness, combined with cost reductions, positively influences the decision-making effectiveness of management, evidenced by a standardized coefficient of 0.003 and a p-value of less than 0.05. These results confirm that implementing digital accounting systems can effectively enhance data management and decision-making in SMEs.
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