THE FEATURES OF DIGITIZATION OF INCOME ACCOUNTING UNDER THE FUNCTIONING CONDITIONS OF AN INDIVIDUAL BUSINESS ENTITY

The outbreak of the COVID-19 pandemic, the conduct of hostilities on the territory of Ukraine became the reason for accelerating the digitization of both accounting as a general notion and income accounting, transformation of accounting processes and methods of performing operations. The purpose of this research is the formation of the author's interpretation, consideration, analysis of the features of implementation and prospects for further development, identification of advantages, and disadvantages of the implementation of digitization of accounting support of income in the conditions of the functioning of a separate enterprise (an institution or an organization). The income accounting is a significant element of accounting that is organized within the boundaries of a separate business entity, because it is they that determine the order of formation and the amount of the financial result obtained from the business entity's activities. The licensed software products when accounting for the income of economic entities in terms of types of activities are able to filter data flows, systematize, display and provide the user with only the necessary information. Compiling and submitting reports digitally is a faster and more convenient process. On the basis of elaborated scientific publications, regulatory and legal acts, specialized literature, the authors formed a definition of the digitization of the income of a separate business entity as a process of creation, and application of specialized new platforms and mechanisms that will promote transformation and have a positive impact on efficiency, speed, capacity, labor intensity accounting support of income and formation of relevant reporting indicators. The digitization of revenue accounting of an enterprise (an institution or an organization) will lead to a reduction in jobs, but will provide an opportunity to improve the qualifications of accounting employees, the ability to solve new problems. An accountant will be able not only to provide the necessary information, but also to carry out an analysis, helping to make a certain decision. Business entities need to use all the possibilities of digitization, to implement it gradually and meaningfully in their own activities, which will allow them to develop and be competitive not only at the national market, but also at the world market.