Green cloud computing is necessary for controlling data centers and servers remotely and making them more energy efficient and reliable economically and performing effectively. The results reveal that green cloud accounting is applying virtualization technologies, useful for predicting the demand, reducing the use of hazardous materials, minimizing electronic wastes, efficiently utilizing resources, using renewable energy sources, and helping the sustainability of the environment as perceived by employees in IT companies. A significant difference exists amongst perceptions of employees on green cloud accounting in IT companies and their profiles. Perception of employees on green cloud accounting is positively, moderately, and significantly related to their job performance. The present paper has brought findings on green cloud accounting by a decrease in usage of energy considerably and diminishing carbon emission to a large extent and decreasing the cost of operations in IT companies.