E-accounting is the application of online and Internet

Internet

The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...

 technologies to the business accounting function. Similar to e-mail

E-mail

Electronic mail, commonly known as email or e-mail, is a method of exchanging digital messages from an author to one or more recipients. Modern email operates across the Internet or other computer networks. Some early email systems required that the author and the recipient both be online at the...

 being an electronic version of traditional mail, e-accounting is "electronic enablement" of lawful accounting and traceable accounting processes which were traditionally manual and paper-based.

E-accounting involves performing regular accounting functions, accounting research and the accounting training and education through various computer based /internet based accounting tools such as digital tool kits, various internet resources, international web-based materials, institute and company databases which are internet based, web links, internet based accounting software and electronic financial spreadsheet

Spreadsheet

A spreadsheet is a computer application that simulates a paper accounting worksheet. It displays multiple cells usually in a two-dimensional matrix or grid consisting of rows and columns. Each cell contains alphanumeric text, numeric values or formulas...

 tools to provide efficient decision making.

Online accounting through a web application

Web application

A web application is an application that is accessed over a network such as the Internet or an intranet. The term may also mean a computer software application that is coded in a browser-supported language and reliant on a common web browser to render the application executable.Web applications are...

 is typically based on a simple monthly charge and zero-administration approach to help businesses concentrate on core activities and avoid the hidden costs associated with traditional accounting software such as installation, upgrades, exchanging data files, backup and disaster recovery.

E-accounting does not have a standard definition but merely refers to the changes in accounting due to computing and networking technologies.

Uses

• Accounts payable
  Accounts payable
  Accounts payable is a file or account sub-ledger that records amounts that a person or company owes to suppliers, but has not paid yet , sometimes referred as trade payables. When an invoice is received, it is added to the file, and then removed when it is paid...
  
  
• Accounts receivable
  Accounts receivable
  Accounts receivable also known as Debtors, is money owed to a business by its clients and shown on its Balance Sheet as an asset...
  
  
• Payroll
  Payroll
  In a company, payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons...
  
  
• Job costing
• Financial write-up and reporting
• Bank and account reconciliations
• Quarterly tax reporting
• Compliance reporting
• Tax return preparation
• Internal financial consultant
• Establish the control system
• Inform those concerned of financial condition
• Supply the business with adequate information
• Maintain contact with government agencies, bankers, etc.
• Provide insight, courses of action
• Facilitate future planning and growth