The Digital Transformation of Accounting Information Systems under Financial Technology: Where Will Small Businesses Go?

This paper examines the impact of financial technology (FinTech) on the digital transformation of accounting information systems (AIS) for small businesses. With the rapid advancement of information technology, FinTech has emerged as a key driver of digital transformation across various industries. For small businesses, leveraging FinTech to enhance the efficiency and accuracy of their AIS is crucial for sustainable development. The paper first delves into the role of FinTech in accounting innovation, particularly highlighting how blockchain technology can revolutionize accounting processes and enhance transparency. It then discusses how FinTech facilitates capital allocation optimization and data-driven strategic competitiveness, leading to smarter corporate accounting. The current status of digital transformation in small business accounting systems is explored, revealing the digital divide between large and small enterprises and the positive influence of FinTech and SaaS models on small medium enterprises(SMEs). However, small businesses encounter numerous challenges during this transformation, including technological and resource constraints, organizational and cultural barriers, and integration issues. Finally, practical and feasible solutions are proposed, emphasizing the establishment of a collaborative digital transformation ecosystem and the upgrading of technical infrastructure to assist small businesses in overcoming obstacles and successfully digitizing their AIS.