Q.Write a short note on: E.R.P.

Accounting software is generally classified into three types depending on how closely it is matched to one particular business's own needs: ready-to-use (off-the-shelf) software, a standard package sold unmodified to many buyers, suited to small/medium businesses with common accounting needs at low cost; customised software, a standard base package modified to add certain specific features a particular business requires, suited to growing businesses with a few special needs at a moderate cost; and tailor-made (tailored) software, built from scratch exclusively for one organisation's own unique requirements …