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