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Question -

Distinguish between ‘ready-to-use’ and ‘tailored’ accounting software.



Answer -

Basis of Difference

Ready-to-Use Accounting Software

Tailored Accounting Software

(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 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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