Microsoft Intros New Accounting Software and Services

Microsoft issues Microsoft Office Accounting Express 2007, financial management software designed for early startups and home-based businesses that currently use pen and calculator or spreadsheets to run their operations. Office Accounting Express 2007 consists of desktop software available as a free download and seven integrated online services. The Office Accounting Express 2007 software will be available for free while third-party integrated premium online services are available for additional fees. Together, the software and services will enable businesses to harness the power of the Internet to sell products online, send invoices and receive payments electronically, process payroll, run credit reports, work with their accountant, and more all from within their accounting application.

Microsoft has also announced that it will introduce Microsoft Office Accounting Professional 2007, the successor to Microsoft Office Small Business Accounting 2006. This is a business management solution for small businesses with more complex needs such as inventory management, multicurrency invoicing, multiuser access and fixed asset management. Microsoft Office Accounting Professional 2007 will provide additional features, such as business dashboard, cash flow management tool, purchase and sales orders, job costing, a wider variety of financial reports, and the ability to connect to Microsoft Dynamics Point-of-Sale.

In addition, Office Accounting Professional 2007 will enhance business efficiency by allowing multiple people within an organization to access and work with relevant financial information based on each person's role in the accounting process.

Both Office Accounting Express 2007 and Office Accounting Professional 2007 include the following features:
Online service integration with eBay, PayPal and Equifax, which allows businesses to list and sell merchandise, track inventory, accept payment and run credit reports. Business owners can also share their financial information with their accountant online using Microsoft Office Live integrated services.
The ability to create quotes, invoices and receipts as well as write checks, track expenses and reconcile online bank accounts. Small businesses can also track employee time, and manage payroll and taxes through integrated services from ADP.
A way to centralize customer information and simplify sales and marketing through integration with Microsoft Office Outlook 2007 with Business Contact Manager so decisions can be made more quickly.

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