ADOPTION OF CLOUD ACCOUNTING AMONG INDIAN SMES: DRIVERS, BARRIERS, AND FUTURE PROSPECTS

Cloud accounting has emerged as a transformative financial tool for small and medium enterprises (SMEs) in India, offering real-time access, automation, and cost-effective solutions. This study explores the adoption of cloud accounting among Indian SMEs by examining the key drivers, barriers, and future prospects. The research identifies major adoption drivers such as cost efficiency, GST compliance, scalability, and mobile accessibility, which align with the operational needs of SMEs. However, the study also highlights significant barriers including digital literacy gaps, data security concerns, integration challenges, and resistance to change. Through a review of empirical evidence and case studies, the paper demonstrates how cloud accounting enhances financial transparency, decision-making, and regulatory compliance. The findings suggest that while adoption is growing, it remains uneven across regions and sectors. Future prospects are promising, driven by government initiatives, fintech integration, and advancements in AI and cybersecurity. The study concludes that cloud accounting is not merely a technological upgrade but a strategic enabler of financial resilience and growth for Indian SMEs. Recommendations include targeted training, policy support, and customized software solutions to accelerate adoption and maximize impact.