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Question
Distinguish between a ‘ready-to-use and ‘tailored’ accounting software
Solution
|
Basis of Difference |
Ready-to-Use Accounting Software |
Tailored Accounting |
|
(i) Nature of Business |
This software is used in small and conventional businesses. |
This software is used in large and typical businesses. |
|
(ii) Adaptability |
Its adaptability is very high. |
Its adaptability is very specific and cannot be used by every business houses. |
|
(iii) Linkage to other Information System |
Its interface with the other information system is limited. |
Its interface with the other information system is unlimited. |
|
(iv) Number of Users |
It has limited users. |
It has the huge number of users. |
|
(v) Installation and Maintenance Costs |
The installation and maintenance cost is low. |
The installation and maintenance cost is comparatively higher. |
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