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- Personalization;-Customized accounting systems can be tweaked and customized based on the
owner's needs and preferences.
- Scalability;-Many customized accounting systems offer various add-on packages or modules,
allowing businesses to decide exactly how big their system should be. As the business
continues to grow and change, it can purchase more add-ons and incorporate them into the
existing system with ease.
- Flexibility;-Customized accounting systems are extremely flexible. Because they are fully
customizable, they can be altered as needed to adapt to new developments or other changes
within the company.
- Competitive advantage;-When a business utilizes a customized accounting system, it gains a
significant advantage over the competition. Because these systems are more efficient and
effective, the business will have a better handle on its finances than other companies with less
sophisticated systems.
- Owners with customized accounting systems can benefit from outsourcing support to a thirdparty
with the skill and experience necessary to maintain the system.
Kavungya answered the question on May 15, 2019 at 13:24