Impact of Automated Accounting Systems on Daily Transaction Management and Firm Performance in Small and Medium Enterprises in Delta State, Nigeria
Keywords:
Automated Accounting Systems, Daily Transaction Management, Small and Medium EnterprisesAbstract
The increasing complexity of business operations in contemporary markets has compelled small and medium enterprises (SMEs) in Nigeria to adopt innovative tools for managing financial records. Automated accounting systems (AAS) have emerged as one of the key technological solutions that enhance efficiency in daily transaction management, reduce human errors, and improve overall firm performance. This study investigates the impact of automated accounting systems on the daily transaction management and performance of SMEs in Delta State, Nigeria. A descriptive survey research design was adopted, and data were collected through structured questionnaires distributed to 400 SME operators across major cities in Delta State. The study applied independent sample t-tests to test hypotheses regarding the effectiveness of AAS on transaction accuracy and firm profitability. Results revealed that SMEs using AAS experienced significantly higher efficiency in transaction management and improved financial performance compared to those relying on manual systems. The study concludes that automation is a critical enabler of sustainable growth for SMEs. It recommends increased adoption of AAS, capacity-building programs for operators, and policy support to integrate affordable accounting technologies for SMEs in Nigeria.
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