DIGITAL PAYMENT SYSTEMS AND THEIR IMPACT ON BOOKKEEPING ACCURACY IN E-COMMERCE


Ms. Divya Badole, Dr.Pawan Kushwaha
1.Assistant Professor, Dr.C.V. Raman University Khandwa, 2.Assistant Professor, Rabindranath Tagore University, Bhopal, Madhya Pradesh
Abstract
Digital transactions have rapidly become the backbone of modern commerce, especially within the e-commerce industry. The adoption of digital payment systems such as Unified Payments Interface (UPI), mobile wallets, net banking, and card-based payments has not only accelerated transaction speeds but also brought significant implications for accounting and recordkeeping. This research paper explores how these digital systems impact the precision of bookkeeping in the Indian e-commerce sector. Drawing on recent data from the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), and e-commerce business case studies, this study reveals that digital payment systems largely enhance bookkeeping accuracy by automating entries, improving reconciliation, and reducing manual errors. However, it also identifies certain limitations and integration issues that persist, particularly for small and medium enterprises. The rapid adoption of digital payment systems has revolutionized the e-commerce landscape, bringing significant changes in how financial records are maintained. This study examines the impact of digital payment systems such as UPI, mobile wallets, and payment gateways on the accuracy of bookkeeping in e-commerce businesses. With real-time transaction tracking, automated reconciliation, and digital receipts, digital payments reduce human error, enhance transparency, and improve financial data reliability. However, challenges like cybersecurity risks, system integration issues, and compliance complexities still exist. This paper explores the balance between opportunities and challenges, and highlights how proper integration of digital payment solutions can lead to more accurate and efficient bookkeeping processes in online commerce.
Keywords: Digital Payment Systems, E-Commerce, Bookkeeping Accuracy, Online Transactions, Financial Record-Keeping, Fintech Integration, Payment Gateways, UPI, Automated Bookkeeping,
Journal Name :
EPRA International Journal of Environmental Economics, Commerce and Educational Management

VIEW PDF
Published on : 2025-07-03

Vol : 12
Issue : 6
Month : June
Year : 2025
Copyright © 2025 EPRA JOURNALS. All rights reserved
Developed by Peace Soft