Office Accounting Express 2007, an updated version of Office Small Business Accounting 2006, will be available for free at Microsoft’s website. The free edition, dubbed Office Accounting Express 2007, targets home-based businesses and early startups, said Microsoft, with a limited set of tools that provide basic accounts payable and accounts receivable functions. The "Office" nameplate indicates that the software integrates with Microsoft's suite; specifically its three primary applications of Word, Excel, and Outlook.
Microsoft also will begin offering a slightly higher-end version of the software, Office Accounting Professional 2007, from retailers early next year. The professional edition of the software has more vigorous features than the free version for handling inventory management, cash flow, budgeting and other tasks for small businesses. Office Accounting Express 2007 is designed for small businesses that are just getting off the ground and need help starting up. The familiar look of the Microsoft Office interface will help small-business owners more easily navigate their financial tasks. More advanced capabilities, such as PayPal and eBay integration, online banking, and credit card processing, can be added to Express 2007 via for-fee third-party online services, added Microsoft.
Microsoft introduced Office Small Business Accounting 2006 last September to help small businesses manage income and expense accounting. The product costs US$179, but Microsoft has lowered the pricing for the professional version to $149 in the 2007 edition.
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The new accounting titles will compete with QuickBooks and Peachtree. Intuit rolled out its latest, QuickBooks 2007, for Windows in late September and followed this month with an edition for Mac OS X.
Office Accounting Express 2007, which runs on Windows XP, Server 2003, and Vista, can be downloaded for free from Microsoft’s website.
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Microsoft releases free public beta Small Business Accounting Software 2007
You can read more about Free Accounting Software from here.