Three limitation of readymade software

 Readymade Software: These Software’s are ready to use, easy to handle or easy to operate. These software’s save time and cost. The best example of accounting software is “Tally”.

Advantages of Readymade Software’s:

 i. Suitable for small business firms.

 ii. Easily available.

 iii. Affordable (less expensive)

User friendly (No special training required)

Limitations of Readymade Software’s:

 i. Knowledge of computer is required (as well knowledge of accounting is also required)

 ii. Costly and installation problems.

 iii. Not safe.

Customised Software: Readymade software’s are modified as per the requirement. It is known as customised Software’s. The cost of customised software is higher than the readymade software cost and this cost is paid by the user.

Advantages of Customised Software’s:

 i. Suitable for large and medium houses.

 ii. All transactions are recorded in a systematic manner.

 iii. Software is customised according to the requirement.

 iv. Reliable.

Limitations of Customised Software’s:

 i. Special training is required to handle these types of software’s.

 ii. Costly

 iii. Outdated Software’s may cause problems.