Microsoft Releases Free Accounting Software
In an effort to capitalize on the growing number of eBay businesses, Microsoft began offering a new version of its small-business accounting software on Tuesday.
A pre-release beta version of Microsoft Office Accounting, formerly called Small Business Accounting, is now available for free download on Microsoft's website. The latest version offers new features designed to help small companies do business on the Web.
Like its previous version, the beta software offers accounting tools to manage and track inventory, print checks, pay bills, and create invoices. However, the beta version has added tools that integrate the software with eBay, PayPal, and Equifax.
The software facilitates eBay sales by allowing business owners to select products from their inventories, list items for sale, and view the status of listings from within the accounting application. Online shopkeepers can also download the results of sales transactions and related fees directly from eBay into the software.
Because the software can be configured to work with PayPal business accounts, businesses can use online invoicing and accept payment via e-mail or direct credit-card payments. In addition, users can monitor the credit-worthiness of their customers and vendors using Equifax from within the accounting software.
The new version of Office Accounting also supports multi-currency accounting and allows users to customize the layout and labels on accounting forms.
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