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:

Microsoft Office Accounting Express 2007, financial management software is designed for millions of starting businesses and home based businesses that currently use pen & paper or spreadsheets to run their business. It provides a single place to manage the company’s business finances with the familiar look and feel of Microsoft Office system programs.

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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Comments

This is a nice surprise from Microsoft. Very useful, as I've always found Microsoft Money & Quicken & Sage quite cumbersome and not that easy to use. A product like this will definitely help my business run more smoothly.

Posted by: Luke Cholerton-Bozier at October 31, 2006 07:47 PM

@Luke: Well it's great to hear that it'll be of help to you. Let us know what you think of it once you give it a try.

Posted by: MMM at November 1, 2006 09:51 AM

My company's been looking for a good accounting software for quite some time now. We haven't checked out this one yet, but we'll give it a try.

Posted by: Julie at November 2, 2006 04:23 AM
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