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Microsoft Office Accounting Express 2007 and Microsoft Office Accounting Professional 2007

Fact Sheet

October 2006  

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 Paymentech Solutions, PayPal or VeriSign.

·         ADP PayrollSM 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, at http://www.ideawins.com

 

Starting Oct. 30, 2006, Office Accounting Express 2007 can be converted to a trial version of Office Accounting Professional 2007. In early 2007, Office Accounting Professional 2007 will be available for an estimated retail price (ERP) of $149 for a full version or $99 (ERP) for a version upgrade for Microsoft Small Business Accounting 2006 users.

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

·         Acceptance of payments and returns

·         Easy-to-use reporting with 22 pre-defined reports that can be customized

·         Forms customization, enabling users to fully customize the data elements in a form and save specific layouts

·         Role-based security

·         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

·         Accountant Transfer Wizard provides an accountant cutoff date for files while customers continue to use Office Accounting Express 2007

·         Multiclient Accountant View and multiclient payroll processing for accounting professionals

·         Creation and tracking of customer quotes and invoices

·         Acceptance of payments and returns

·         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

·         Role-based security

·         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 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 Professional 2007

·         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

* Third-party services are available for additional fees. More information and system requirements for Microsoft Office Accounting Express 2007 and Microsoft Accounting Professional 2007 can be found at http://www.ideawins.com or http://www.microsoft.com/office/accounting.

** Download requires Internet access. Internet charges may apply. 

Microsoft, Outlook, Excel and Microsoft Dynamics are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.  ADP Payroll is a service mark of ADP of North America Inc.  eBay and the eBay logo are registered trademarks of eBay Inc.  Equifax is a registered trademark of Equifax Inc.  PayPal and the PayPal logo are registered trademarks of PayPal Inc.

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