Question

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

Answer 1

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

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