Microsoft Office Accounting Express and Professional 2007

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Microsoft Office Accounting Express and Professional 2007

by Microsoft's PressPass

What Is Microsoft Office Accounting?
Microsoft Office Accounting Express 2007 and Microsoft Office Accounting Professional 2007 are Microsoft Corp.s newest financial management solutions for small-business customers. Office Accounting Express 2007 provides starting and home-based businesses with the tools to help them save time with everyday financial tasks and to grow their business online. Office Accounting Professional 2007 offers enhanced accounting features to established small businesses with more complex financial management needs." title="Microsoft Office Accounting Express and Professional 2007">What Is Microsoft Office Accounting?
Microsoft Office Accounting Express 2007 and Microsoft Office Accounting Professional 2007 are Microsoft Corp.'s newest financial management solutions for small-business customers. Office Accounting Express 2007 provides starting and home-based businesses with the tools to help them save time with everyday financial tasks and to grow their business online. Office Accounting Professional 2007 offers enhanced accounting features to established small businesses with more complex financial management needs.

Integrated Online Services Available
Office Accounting Express 2007 and Office Accounting Professional 2007 help customers grow their business online and easily integrate with these online services:
• eBay - Businesses can list products, upload images, track status in virtually real time, and download and process orders.
• PayPal - Integration with Microsoft Office Outlook 2007 with Business Contact Manager and Microsoft Office Word 2007 allows customers to send invoices in e-mail and customers to pay using PayPal.
• Equifax - Businesses can monitor customers' credit in virtually real time.
• Credit-card processing - Businesses can accept online credit card payments through Chase Merchant Services, PayPal or VeriSign.
• ADP Payroll Solutions - Businesses can process payroll, direct-deposit employees' salaries, and pay taxes online.
• Microsoft Office Live - Businesses can share their books online with their accountant via Office Live Web-based services.
• Online banking - Businesses can download and reconcile bank transactions.

	Office Accounting Express 2007	Office Accounting Professional 2007
Target Market	Starting and home-based businesses	More mature and growing small businesses with up to 25 employees
Price/Availability	Free download. Available Oct. 30, 2006	Starting Oct. 30, 2006, Office Accounting Express 2007 can be converted to a trial version of Office Accounting Professional 2007.
Upgrade Path	Businesses can upgrade to Office Accounting Professional 2007 by buying the product at a retailer or online and entering a product key in Office Accounting Express 2007.	Businesses can migrate their data from Office Accounting Professional 2007 and upgrade to the Microsoft Dynamics product line via a Microsoft reseller.
Core Features	- Creation and tracking of customer quotes and invoices	- Creation and tracking of customer quotes and invoices
	- Acceptance of payments and returns	- Acceptance of payments and returns
	- Easy-to-use reporting with 22 pre-defined reports that can be customized	- Easy-to-use reporting with more than 60 pre-defined reports that can be customized
	- Forms customization, enabling users to fully customize the data elements in a form and save specific layouts	- Forms customization, enabling users to fully customize the data elements in a form and save specific layouts
	-Role-based security	- Role-based security
	- Integration with Microsoft Office Word, Outlook and Excel to avoid double entry and enable further analysis of financial data	- Integration with Microsoft Office Word, Outlook and Excel to avoid double entry and enable further analysis of financial data
	- Organize business information in one place: Accounting Express 2007 and Outlook 2007 with Business Contact Manager share the same data to help ensure that information stays up to date	- Organize business information in one place: Accounting Professional 2007 and Outlook 2007 with Business Contact Manager share the same data to help ensure that information stays up to date
	- Accountant Transfer Wizard provides an accountant cutoff date for files while customers continue to use Office Accounting Express 2007	- Accountant Transfer Wizard provides an accountant cutoff date for files while customers continue to use Office Accounting Professional 2007
	- Multiclient Accountant View and multiclient payroll processing for accounting professionals	- Multiclient Accountant View and multiclient payroll processing for accounting professionals
Advanced Accounting Features		- Multiuser access to enable businesses to set permissions for different employees to access accounting data
		- Multicurrency support for companies that conduct business outside the U.S.
		- Inventory management to monitor, manage and evaluate inventory using the complete inventory manager
		- Fixed Asset Manager to manage and track fixed assets
		- Sales order and purchase order tools to track sales orders, purchases and transactions by region
		- Job tracking to monitor expenses and timesheets to track total job profitability for better business planning
		- Enhanced cash basis accounting for more cash flow flexibility and accuracy
		- Dashboard provides one centralized location to view and manage business information
		- Integration with Microsoft Point of Sale retail solution to track sales and customer information and run financial reports