Statement of the Problem

This study will aim to evaluate the efficiency of accounting procedures in the

digital transition of payment transactions in business establishments within Metro

Manila. The researchers would like to seek answers for the following questions:

1. What is the profile of the respondents in terms of:

1.1. Accounting personnel,

1.1.1. Job title

1.1.2. Years of experience in accounting work

1.1.3. Area of accounting specialization

1.2. Type of business structure,

1.3. Business size?

2. What is the level of efficiency of accounting procedures with the physical

payment methods in the business in terms of:

2.1. Bank reconciliation,

2.2. Sales records,

2.3. Official receipt processing,

2.4. Accounts receivable?

3. What is the level of efficiency of accounting procedures with the adoption of

digital payment methods in the business in terms of:

2.1. Bank reconciliation,

2.2. Sales records,

2.3. Official receipt processing,

 2.4. Accounts receivable?

4. Is there a significant difference in the perceived efficiency of recording physical

payments against digital payments?

5. What is the perceived efficiency of accounting procedures before the adoption of

digital payment methods in terms of:

4.1. Frequency and length of time of doing reconciliation,

4.2. Accuracy of recording physical payments,

4.3. Verification and approval of official receipts,

4.4. Reflecting physical payments in the accounts receivable,

4.5. Systematic processes in the undertaking of accounting procedures?

6. What is the perceived efficiency of accounting procedures with the adoption of

digital payment methods in terms of:

4.1. Frequency and length of time of doing reconciliation,

4.2. Accuracy of recording digital payments,

4.3. Verification and approval of official receipts,

4.4. Reflecting digital payments in the accounts receivable,

4.5. Systematic processes in the undertaking of accounting procedures?

7. What additional procedures can be put in place to ensure that all digital payments

are properly accounted for?

Hypothesis

Based from the problem of the study, the research hypothesis was formulated and

tested at the level of significance of 0.05:

There is no significant difference in the perceived efficiency of recording physical

payments against digital payments.