ANALYSIS OF PROBLEMS AND PROSPECTS OF USING CLOUD TECHNOLOGIES IN ACCOUNTING AND TAXATION
Abstract
Cloud technologies represent a crucial component of modern technological advancement that is fundamentally transforming approaches to business operations, particularly in accounting and taxation. This article examines the current state, key challenges, and prospects for the use of cloud platforms in the financial and economic activities of enterprises. Global trends in the development of cloud technologies are analyzed, including the experience of the EU, the USA, and the specifics of their implementation in Ukraine. Special attention is given to cloud platforms widely used in Ukraine, such as BAS ERP, M.E.Doc, iFin, 1C:Enterprise in the cloud, as well as international solutions like Xero, QuickBooks, and Zoho Books. The article describes the functional capabilities of these platforms in maintaining accounting records, automating report generation, data exchange with government bodies, and controlling financial processes. The study identifies and systematizes the main issues related to the application of cloud technologies: technical (unstable internet connection, insufficient infrastructure capacity), organizational (resistance to change, the need for employee retraining), and methodological (lack of clear standards and regulatory frameworks). Legal aspects of data security, compliance with Ukrainian legislation—particularly regarding the storage of accounting data—are also considered. The article outlines promising areas for further development of cloud technologies in accounting and taxation, including integration with government systems, the implementation of artificial intelligence, machine learning, and blockchain technologies. Risks related to the protection of confidential information, regulatory compliance, and data storage reliability are carefully analyzed. The article provides practical recommendations for improving the effectiveness of cloud-based solutions in the financial and economic operations of enterprises.
References
McCue, I. (2021). Cloud Accounting Basics: What It Is & Reasons to Use. URL: https://www.netsuite.com/portal/ resource/articles/accounting/cloud-accounting.shtml (accessed 30.05.2024)
Watson, J. (2021). Importance of Cloud Accounting For Accountants. URL: https://www.acecloudhosting.com/blog/importance-of-cloud-accounting/ (accessed 30.05.2024)
What is cloud accounting software? URL: https://certinia.com/learn/accounting/what-is-cloud-accounting/ (accessed 30.05.2024)
How Cloud Computing Can Improve Your Accounting Information System. URL: https://www.lpcentre.com/articles/how-cloudcomputing-can-improve-your-accounting-information-system (accessed 30.05.2024)
Moving to the cloud? Business considerations for the new cloud computing accounting standard. URL: https://www.pwc.com/us/en/services/consulting/cloud-digital/cloud-transformation/cloud-computing.html (accessed 30.05.2024)
How Cloud Computing Is Changing the Accounting Industry. URL: https://clienthub.app/blog/cloud-computing-accounting/ (accessed 30.05.2024)
Cloud Accounting: What It Is, How It Works And Its Benefits (2023). URL: https://www.freshbooks.com/hub/accounting/cloud-accounting-software (accessed 30.05.2024)
Keating, R. (2023). What is Cloud Accounting & How Does it Work? URL: https://gocardless.com/guides/posts/whatis-cloud-accounting-and-how-does-it-work/ (accessed 30.05.2024)
Cloud Accounting Statistics You Need to Know. URL: https://www.flexi.com/cloud-accounting-statistics/ (accessed 30.05.2024)
Cloud Accounting vs Traditional Accounting – What are the Core Differences? (2022). URL: https://envoice.eu/en/blog/cloud-accounting-vs-traditional-accounting-what-are-the-coredifferences/ (accessed 30.05.2024)
Cloud accounting vs traditional accounting (2021). URL: https://www.termscompared.com/cloud-accounting-vs-traditional-accounting/ (accessed 30.05.2024)
How Is Cloud Computing Shaping The Future Of the Accounting Industry? (2023). URL: https://www.thesagenext.com/blog/cloud-computing-for-accounting-industry (accessed 30.05.2024)
Benefits of Cloud Computing for Accountants (2021). URL: https://www.analyticsinsight.net/benefits-of-cloud-computingfor-accountants/ (accessed 30.05.2024)
What Is Cloud Accounting – All You Need to Know (2020). URL: https://www.techfunnel.com/fintech/cloud-accounting/ (accessed 30.05.2024)
Best Cloud Accounting Software (2023). URL: https://www.forbes.com/advisor/business/software/best-cloud-accounting-software/ (accessed 30.05.2024)
Accounting for cloud computing arrangements. How arrangement structure may impact the resulting accounting. URL: https://www2.deloitte.com/us/en/pages/advisory/articles/accounting-for-cloud-computing.html (accessed 30.05.2024)
Vagnar I., Sarakhman O., Shurpenkova R. (2023). Analysis of the development of cloud technologies in accounting. Economics of enterprises: Economics and management of enterprise. No 5/4(73). P. 21-26.
WifiTalents (2024). Financial Services and Industries. URL: https://wifitalents.com/statistic/technology-in-accounting/
Cloud Computing for Accountants: Embracing Digital Transformation. URL: https://vintti.com/blog/cloud-computing-for-accountants-embracing-digital-transformation/
Використання інформаційно-комунікаційних технологій на підприємствах. Державна служба статистики України : веб-сайт. URL: https://ukrstat.gov.ua/operativ/operativ2018/zv/ikt/arh_ikt_u.html
Шиш А.М. Хмарні технології у бухгалтерському обліку та фінансовому аналізі в Україні: аналіз відмінностей та стратегії адаптації до місцевого контексту. 2024. URL: https://econp.com.ua/index.php/journal/article/view/13/10
Герасименко Ю. Облік бізнесу у хмарі: варто чи ні. Сityhost.ua. 2022. URL: https://cityhost.ua/uk/blog/uchet-biznesa-v-oblake-stoit-ili-net.html
Параниця Н.В., Буличов О.С., Охмак О.М. Переваги і ризики застосування хмарних технологій в сфері бухгалтерського обліку. Економіка та держава. 2021. № 4. С. 128–131. DOI: https://doi.org/10.32702/2306-6806.2021.4.128
Marushchak, L., Pavlykivska, O., Liakhovych, G., Vakun, O., Shveda, N. (2021). Accounting software in modern business. Advances in Science, Technology and Engineering Systems, 2021. Vol. 6, No. 1. PP. 862-870.
Пелех У.В, Дуб Р.С. Використання хмарних технологій в бухгалтерському обліку: переваги, ризики та перспективи. Інформаційне суспільство: технологічні, економічні та технічні аспекти становлення: матеріали Міжнародної наукової інтернет-конференції (12-13.11 2024). URL: https://konferenciaonline.org.ua/ua/article/id-1945/
McCue, I. (2021). Cloud Accounting Basics: What It Is & Reasons to Use. Available at: https://www.netsuite.com/portal/resource/articles/accounting/cloud-accounting.shtml (accessed 30.05.2024)
Watson, J. (2021). Importance of Cloud Accounting For Accountants. Available at: https://www.acecloudhosting.com/blog/importance-of-cloud-accounting/ (accessed 30.05.2024)
What is cloud accounting software? Available at: https://certinia.com/learn/accounting/what-is-cloud-accounting/ (accessed 30.05.2024)
How Cloud Computing Can Improve Your Accounting Information System. Available at: https://www.lpcentre.com/articles/how-cloudcomputing-can-improve-your-accounting-information-system (accessed 30.05.2024)
Moving to the cloud? Business considerations for the new cloud computing accounting standard. Available at: https://www.pwc.com/us/en/services/consulting/cloud-digital/cloud-transformation/cloud-computing.html (accessed 30.05.2024)
How Cloud Computing Is Changing the Accounting Industry. Available at: https://clienthub.app/blog/cloud-computing-accounting/ (accessed 30.05.2024)
Cloud Accounting: What It Is, How It Works And Its Benefits (2023). Available at: https://www.freshbooks.com/hub/accounting/cloud-accounting-software (accessed 30.05.2024)
Keating, R. (2023). What is Cloud Accounting & How Does it Work? Available at: https://gocardless.com/guides/posts/whatis-cloud-accounting-and-how-does-it-work/ (accessed 30.05.2024)
Cloud Accounting Statistics You Need to Know. Available at: https://www.flexi.com/cloud-accounting-statistics/ (accessed 30.05.2024)
Cloud Accounting vs Traditional Accounting – What are the Core Differences? (2022). Available at: https://envoice.eu/en/blog/cloud-accounting-vs-traditional-accounting-what-are-the-coredifferences/ (accessed 30.05.2024)
Cloud accounting vs traditional accounting (2021). Available at: https://www.termscompared.com/cloud-accounting-vs-traditional-accounting/ (accessed 30.05.2024)
How Is Cloud Computing Shaping The Future Of the Accounting Industry? (2023). Available at: https://www.thesagenext.com/blog/cloud-computing-for-accounting-industry (accessed 30.05.2024)
Benefits of Cloud Computing for Accountants (2021). Available at: https://www.analyticsinsight.net/benefits-of-cloud-computingfor-accountants/ (accessed 30.05.2024)
What Is Cloud Accounting – All You Need to Know (2020). Available at: https://www.techfunnel.com/fintech/cloud-accounting/ (accessed 30.05.2024)
Best Cloud Accounting Software (2023). Available at: https://www.forbes.com/advisor/business/software/best-cloud-accounting-software/ (accessed 30.05.2024)
Accounting for cloud computing arrangements. How arrangement structure may impact the resulting accounting. Available at: https://www2.deloitte.com/us/en/pages/advisory/articles/accounting-for-cloud-computing.html (accessed 30.05.2024)
Vagnar I., Sarakhman O., Shurpenkova R. (2023). Analysis of the development of cloud technologies in accounting. Economics of enterprises: Economics and management of enterprise. No 5/4(73). P. 21-26.
WifiTalents (2024). Financial Services and Industries. Available at: https://wifitalents.com/statistic/technology-in-accounting/
Cloud Computing for Accountants: Embracing Digital Transformation. Available at: https://vintti.com/blog/cloud-computing-for-accountants-embracing-digital-transformation/
Derzhavna sluzhba statystyky Ukrainy (2024) Vykorystannia informatsiino-komunikatsiinykh tekhnolohii na pidpryiemstvakh [Use of information and communication technologies at enterprises]. Available at: https://ukrstat.gov.ua/operativ/operativ2018/zv/ikt/arh_ikt_u.html (accessed May 30, 2024) (in Ukrainian)
Shysh A. M. (2024) Khmarni tekhnolohii u bukhhalterskomu obliku ta finansovomu analizi v Ukraini: analiz vidminnostei ta stratehii adaptatsii do mistsevoho kontekstu [Cloud technologies in accounting and financial analysis in Ukraine: analysis of differences and adaptation strategies to the local context]. Available at: https://econp.com.ua/index.php/journal/article/view/13/10 (accessed May 30, 2024) (in Ukrainian)
Herasymenko Yu. (2022) Oblik biznesu u khmari: varto chy ni [Accounting in the cloud: is it worth it or not]. Sitykhost.ua. Available at: https://cityhost.ua/uk/blog/uchet-biznesa-v-oblake-stoit-ili-net.html (accessed May 30, 2024) (in Ukrainian)
Paranytsia N. V., Bulychov O. S., Okhmak O. M. (2021) Perevahy i ryzyky zastosuvannia khmarnykh tekhnolohii v sferi bukhhalterskoho obliku [Advantages and risks of using cloud technologies in accounting]. Ekonomika ta derzhava – Economics and State, no. 4, pp. 128–131. DOI: https://doi.org/10.32702/2306-6806.2021.4.128 (accessed May 30, 2024) (in Ukrainian)
Marushchak L., Pavlykivska O., Liakhovych G., Vakun O., Shveda N. (2021) Accounting software in modern business. Advances in Science, Technology and Engineering Systems, vol. 6, no. 1, pp. 862–870.
Pelekh U. V., Dub R. S. (2024) Vykorystannia khmarnykh tekhnolohii v bukhhalterskomu obliku: perevahy, ryzyky ta perspektyvy [Use of cloud technologies in accounting: advantages, risks and prospects]. Informatsiine suspilstvo: tekhnolohichni, ekonomichni ta tekhnichni aspekty stanovlennia: materialy Mizhnarodnoi naukovoi internet-konferentsii (12–13.11.2024). Available at: https://konferenciaonline.org.ua/ua/article/id-1945/ (accessed May 30, 2024) (in Ukrainian)
Copyright (c) 2025 Уляна Пелех
This work is licensed under a Creative Commons Attribution 4.0 International License.
