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Village-owned business entity (BUMDes) have played a significant role in the growth of the village-s economy since the economic reforms of UU No. 32 Tahun 2004.Online financial reporting is one of the technological breakthroughs in the Industrial Revolution 4.0 and can have a positive impact on society 5.0 to foster public trust in certain entities. The ultimate goal of establishing BUMDes is expected to become a pioneer in bridging efforts to strengthen the economy in the countryside. The research objective is to examine an overview of the impact of full disclosure of financial statements that produce from online finantial reporting, its development, the advantages and disadvantages of BUMDes that utilize this technology, the inhibiting factors for the development of this technology and the concrete steps that must be taken to adapt the development of BUMDes accounting information systems in Indonesia. The method used the literature study approach through the search for a number of journals, textbooks and also case study in KuripanMajuBUMDes. The results indicate that it is known that online financial reports provide many great benefits for BUMDes and Indonesia needs to immediately make adjustments both in terms of human resources and its regulation in response to this industry 4.0 revolution.