Microsoft has introduced a no-cost accounting program aimed at small and home-based businesses and sole proprietors.
The free release is designed for users who currently rely on paper records or spreadsheets to handle finances, with startups and eBay merchants among the intended audience.
The application features an Office-style interface with tight integration into Microsoft’s productivity suite, making it familiar to Outlook and Office users.
Core capabilities include online product listings, invoice creation and delivery, expense tracking, automated handling of bank and customer payments, contact management, and a library of more than 20 built-in reports.
Direct support for eBay and PayPal is included to simplify selling on those platforms.
A setup wizard eases initial configuration, and data can be imported from QuickBooks, Microsoft Money, or Excel to help users migrate existing records.
While the main product is free to download, Microsoft bundles several third-party services—some of which carry additional charges—such as payroll processing through ADP, credit-reporting from Equifax, and book-sharing with accountants via Office Live.
For firms that need advanced features, Microsoft plans to ship Office Accounting Professional 2007 early next year for $149 USD; that paid edition adds inventory tracking, multicurrency invoicing, multiuser support, and fixed-asset management.
The free Office Accounting Express 2007 is currently available for download from FileForum.
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