Question

Distinguish between a 'ready to use' and 'tailored' accounting software.

Answer 1

The mentioned are the difference between ready to use and tailored accounting software.

Basis of Difference	Ready to Use	Tailored
Suitable for	Small and conventional business	Large and typical business
Cost of installation	Low	High
Level of software and data secrecy	Low	Relatively high
Linkage to other information system	Restricted	It is possible
Number of users	Limited	Unlimited
Training requirement	Low	High
Adaptability	High	Specific