Economic Accounting Analysis and its Effects on the Implementation of Digital Wallets in Ecuador Zone 8

Abstract

The study focuses on the implementation of digital wallets in Ecuador's Zone 8, exploring their economic and accounting impact. The findings reveal that these technologies have significantly improved accounting efficiency and transaction recording, facilitating faster and more accurate financial management. The positive contribution of digital wallets extends to the liquidity and financial management of businesses, providing greater availability of cash and optimizing financial processes. The favorable perception towards the variability of transaction rates highlights its positive influence on the profitability of businesses in the region, while the security of these transactions is considered a prominent aspect, being perceived as more secure compared to other payment methods. The adoption of digital wallets has improved cash flow management and supplier relationships, strengthening operational efficiency. Improvements in supplier relationships and accounts payable management bolster operational efficiencies. Recommendations include ongoing training in accounting efficiency, awareness campaigns, active monitoring of transaction rates, fostering business collaboration, periodic evaluation of tax strategies, and constant exploration of new technologies. In summary, the adoption of digital wallets has generated a positive impact on various economic and accounting aspects in Zone 8, and the strategic implementation of these technologies is presented as crucial to maximize their benefits.