Impact of Accounting Software on Business Performance of Selected Businesses in Lucena City: Basis for the Development of a Strategic Management Plan

This study investigated the impact of accounting software on the business performance of selected businesses. The growing economy increases the workload, making it possible for omissions, mistakes, and fraud in the financial reports. Previous research primarily relied on the idea that businesses should invest in an accounting information system to complete quick tasks and use accounting software to produce high-quality accounting records and store the data decision-makers need. With 25 respondents, a Likert-scale questionnaire was used. Our analysis showed that accounting software positively impacts businesses regarding efficiency, reliability, data quality, ease of use, and accuracy. We conclude that accounting software improves the level of business performance and the profitability and capacity of a company; maintains operations; gives reliability; visualizes business performance; ensures the integrity of financial and accounting information; promotes accountability; prevents fraud; quality is the key to interpretable and data-driven decisions; helps optimize the tracking of required reports; and adequately manages and records the accounting data.