1.

What Are The Advantages And Disadvantages Of Ready-made Accounting Software?

Answer»

Advantages of Ready-made Accounting Software : 

  1. This software is easily available in the market. 
  2. It is less EXPENSIVE, as it comes with basic and standard features. 
  3. It involves a lesser need for training. 
  4. It is less sophisticated 
  5. Its adaptability is very high as it is relatively easier to learn and operate. 
  6. It is suitable for small-size BUSINESS ENTERPRISES. 

Disadvantages of Ready-made Accounting Software :

  1. It has limited number of users 
  2. It is not suitable for medium and large business ORGANIZATION. where the number of transactions is very large. 
  3. It fails to cater the specific needs of the users. 
  4. It suffers from the low level of data secrecy. 
  5. It does not have a wide SCOPE to link at with other information systems. 

Advantages of Ready-made Accounting Software : 

Disadvantages of Ready-made Accounting Software :


Discussion

No Comment Found

Related InterviewSolutions