1.

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

Answer»
Basis of DifferenceReady-to-Use Accounting softwareTailored Accounting software
1.Nature of BusinessThis software is used in small and conventional businesses.This software is used in large and typical businesses.
2.AdaptabilityIts adaptability is very high.Its adaptability is very specific and cannot be used by every business houses.
3.Linkage to other information systemIts interface with the other information system is limitedIts interface with the other information system is unlimited
4.Number of UsersIt has limited users.It has huge number of users.
5.Installation and Maintenance costsThe installation and maintenance cost is low.The installation and maintenace cost is comparatively higher.



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