Computerised Accounting Softwares

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Accounting software is an integral part of a computerised accounting system. It helps record, process, store, and report accounting information through a computer.

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The most popular accounting softwares used in India are Tally, ERP, Busy, and Ex.

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The need for accounting software arises when manual accounting is replaced by computerised accounting, or when an old computerised accounting system is changed to an updated or completely new one.

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Accounting software available on-the-spot are known as ready to use software. It is purchased and used without major changes, so it is suitable for quick use in small organizations.

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Ready to use software is easier to learn, has low installation cost, limited users, low secrecy, and very little scope of linking to other information systems. It is suited to small organizations with…

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It is cost effective because no money is spent on software developing techniques or special officials. It is already developed and can be used directly, which reduces setup effort and cost.

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Ready to use software is sold to many users, so better after sales maintenance service becomes available. Makers also keep improving it to satisfy growing user needs.

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Two major disadvantages are: it may fail to satisfy all user needs because it is produced on a large scale, and it may create technical problems such as poor backup facility or wrong output from wrong…