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Question
Name the various categories of accounting package.
Name the various categories of accounting package.
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Solution
The accounting packages are classified into the following categories
(i) Ready to use
(ii) Customised
(iii) Tailored
Each of the above mentioned categories offers distinctive features. However, the choice of the accounting software would depend upon the suitability to the organisation especially in terms of accounting needs.
The accounting packages are classified into the following categories
(i) Ready to use
(ii) Customised
(iii) Tailored
Each of the above mentioned categories offers distinctive features. However, the choice of the accounting software would depend upon the suitability to the organisation especially in terms of accounting needs.
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