Proceedings

THE EFFICIENCY OF SMALL AND MEDIUM
ENTERPRISES BY THE IMPLEMENTATION
OF WEB-BASED ACCOUNTING
Sorin BRICIU 1
1 Decembrie 1918 University, Alba Iulia, Romania
Florin MIHAI
Bucharest Academy of Economic Studies, Romania
Constantin GROZA
1 Decembrie 1918 University, Alba Iulia, Romania
ABSTRACT
The modernization of small and medium enterprises represents a priority, considering the
role they have in the economic development. A way to achieve this modernization would be
the implementation of an accounting system based on web technology. The present article
presents the main characteristics of a web-based accounting system, how it should work and
which would be the factors that influence the implementation of the web-based accounting
with the SMEs. Web-based accounting by the implementation of XBRL as the method of
reporting the main accounting information could be a way to promote accounting standards
within the SMEs. Through web-based accounting, the SMEs could implement solutions for
cost reduction, increase of efficiency and facile access to accounting information for external
users like suppliers, customers etc. and for internal users: accountants, managers and other
interested users.
KEYWORDS: Web-based Accounting, Small and Medium Enterprises (SMEs), Web
Technology, XML, XBRL.
INTRODUCTION
The accounting software for microcomputers has had a dynamic evolution,
considering its relatively short history (Deshmukh, 2006). From simple accounting
applications (software) based on a single computer (CBAS), which could work
independently, with a reduced consume of hardware (single user, low memory, and a
relatively low capacity processor) the shift was quick to relational database systems
available in the system client-server, with several users and even to object-oriented
databases. These, in their turn, were quickly overtaken by the apparition of other
applications based on complex technologies and informational systems of
communications. In this context, it was considered that the accounting system of an
organization would follow the development trend imposed by the IT technologies at a
certain point (Pushkar et al., 2007).
1
Correspondence address: Sorin BRICIU, „1 Decembrie 1918” University of Alba Iulia;
email: sbriciu@yahoo.com
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