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