Microsoft Releases Free Accounting Software

Microsoft has released a new product by the name of Microsoft Office Accounting Express 2007, which is a free accounting product for small businesses.

According to Microsoft:

Accounting Express imports from Excel, as well as Quickbooks and Microsoft Money.

Accounting Express also has a pay counterpart, Accounting Professional, for a $149 Anytime Upgrade, and there are various add-ons users can buy, including ADP payroll, credit card processing, PayPal payment processing and Equifax credit reports.

The main differences between the free and pay versions are as follows:

- Express has 20 financial reports, Professional has more than 60
- Professional has advanced accounting, including cash flow forecasting, an actionable company dashboard, multiple price levels, purchase orders, inventory tracking, multicurrency support, a fixed asset manager, 1099 reports, Excel-based manual payroll, integration with Microsoft Retail Point of Sale, and multi-user functionality

This should be a neat piece of software for small businesses and people who want to organize their various income information. It's a 338MB download, which is a bit big for an "express" version, but well, who cares about space these days?

[Via: InsideMicrosoft]

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