Question: wHAT IS AN ACCOUNTING SOFTWARE PACKAGE AND WHAT ARE THE ADVANTAGES AND DISADVANTAGES OF USING A PACKAGE? COMPARE AN ACCOUNTING SOFTWARE PACKAGE TO A BESPOKE PROGRAMME

Answer: Advantages of using a package \n1) tried and tested by many users, so likelihood of bugs lower\n2) Cheaper than bespoke program\n3) Shorter implementation time\nDisadvantages of using a package\n1) Lesser flexibility in customization (reports, modules etc)\n2) May not be suitable for specialized industries which has special accounting needs (quite rare)\nQuickbook is quite a good package. It's pretty affordable. Bespoke prog like JD Edwards are quite pricey.
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