Microsoft Office Accounting Professional 2008 Review
Microsoft Office Accounting Professional 2008 Feature
- A complete accounting solution that helps small businesses save time managing everyday financial tasks, get organized, and grow their business online
- Familiar Microsoft Office interface that's easy to set up and use--no training is needed
- Deep integration with other Microsoft Office programs helps streamline necessary but time-consuming and repetitive accounting tasks
- Keeps all of your financial data and business information in one place, making it easy to find the information you need to make better-informed business decisions
- Features to help you easily sell online, get paid faster, and gain easy access to credit reports
Microsoft Office Accounting Professional 2008 Overview
Item #: 26852H. Office Accounting Professional 2008 is a complete accounting solution that helps small businesses save time managing everyday financial tasks, get organized, and grow their business online. With its familiar Microsoft Office interface, this program is easy to learn, so you can be productive right away. Smooth integration with other Microsoft Office programs makes information sharing simple and helps boost productivity.By organizing all of your business information in one place, Office Accounting Professional 2008 helps you find the right information at the right time, so you can make better-informed business decisions. Plus, new features will help you sell products online, get paid faster, work easily with your accountant, and more.
Product Description
Microsoft Office Accounting Professional 2008 - complete package
Category: Business applications
Subcategory: Business - accounting
License Type: Complete package
License Qty: 1 PC
License Pricing: Standard
Language(s): English
Localization: United States
Platform: Windows
Distribution Media: CD-ROM
Package Type: Retail
OS Required: Microsoft Windows XP SP2 or later, Microsoft Windows Server 2003 SP1 or later
Customers also search for: Discount Microsoft Office Accounting Professional 2008 - Complete Package - 1 PC - CD - Win - English - United States, Buy Microsoft Office Accounting Professional 2008 - Complete Package - 1 PC - CD - Win - English - United States Wholesale Microsoft Office Accounting Professional 2008 - Complete Package - 1 PC - CD - Win - English - United States, 0882224622356, 9SK-00108, Software Suites
Microsoft Office Accounting Professional 2008 Specifications
Microsoft Office Accounting Professional 2008 is a complete accounting solution designed for business owners, bookkeepers, and office managers in any company with up to 25 employees. It requires no accounting experience to use and works smoothly with the Microsoft Office programs you use every day. By organizing financial information in one place, you will get a complete view of your business and obtain valuable information for your interaction with customers. Office Accounting Professional 2008 includes comprehensive tools for managing your business finances more effectively so you can spend more time managing your business.
Microsoft Office Accounting Professional 2008 top 10 benefits
Office Accounting Professional 2008 is a complete accounting solution that helps small businesses more efficiently and effectively manage their business finances. Office Accounting Professional 2008 helps you save time on everyday tasks, work the way you want, and organize all your financial information in one place to get a complete view of your business, all with the familiar look and feel of the Microsoft Office system. Here are the top 10 ways Office Accounting Professional 2008 can help you be more productive. |
 Get up and running quickly.
Office Accounting Professional 2008 is easy to set up and use, just like other Microsoft Office programs. The Startup Wizard helps you get started quickly so that you can create your first invoice and are able to receive payments. The wizard imports your existing data from other programs such as Microsoft Office Excel, Microsoft Money, and Intuit QuickBooks so that you don't have to start from scratch. The Resource Center offers a single location to access helpful information such as an accountant finder, product demonstrations, community tools, and other product resources |
 Save time on everyday tasks.
Office Accounting Professional 2008 simplifies everyday tasks: you enter data once and then reuse it across commonly used Microsoft Office programs, avoiding tedious reentry and errors. You can create quotes and later convert them into invoices with just one click. Now you can convert sales orders to purchase orders and automatically generate purchase orders based on inventory levels. Office Accounting Professional 2008 helps you conveniently manage payroll and track transactions as you enter information, significantly reducing the time spent on these tasks. You can also use online banking to receive payments, pay bills, and automatically reconcile bank accounts. |
 Save time by using business templates
Because Office Accounting Professional 2008 works smoothly with Office Word, you can easily export quotes, sales orders, packing slips, invoices, and other information to Word with a click. You can also customize templates that come with Office Accounting Professional 2008 to create professional-looking materials and documents. Choose from dozens of industry templates and Office Accounting automatically configures itself to how you run your business. |
 Get real-time insight into your business.
Personalize your company home page to get a snapshot of information such as bank account balances, important reminders, and accounts receivable and payable on one screen. Use the Cash Flow Analyzer to track and forecast future cash flows to make better-informed business decisions. Create budgets and then run reports to compare forecasts to actuals. More than 70 predefined reports help you get critical financial information on aspects of your business such as sales, profit and loss, cash flow, item profitability, customer transactions, and much more. You can even customize these reports by setting filters, and get deeper insights into your business by using PivotTable dynamic views in Office Excel. |
 Tailor Office Accounting Professional 2008 to meet your needs.
Using Office Accounting Professional 2008, you can easily create quotes, sales orders, invoices, purchase orders, reports, and more. You can customize forms to include relevant information fields and export these forms to Microsoft Office Word templates to sharpen the professional appearance of marketing materials and financial documents. You have the flexibility to create custom security roles and add or remove permissions to control employee access to sensitive information. |
 Simplify payroll and tax processes.
Payroll services for Office Accounting Professional 2008 enable you to process payroll and to calculate and file local, federal, and state taxes.1 Payroll for Office Accounting offers multiple payroll options to meet your specific needs, and you can even print your paychecks through Office Accounting Professional 2008. You can also import employee timesheets and post the payroll and tax information to your books. Get more information on the attractively priced Payroll services. |
 Track employee time and job costs.
Office Accounting Professional 2008 helps you achieve more accurate and timely employee billing. Working with Office Outlook 2007 with Business Contact Manager, employees can mark appointments in their Outlook calendars as billable time and, with a single click, transfer that information to Office Accounting Professional 2008 to create invoices. Office Accounting Professional 2008 also enables you track revenues and expenses to monitor total job profitability, create multiple budgets, compare actual revenue to projected revenue, and compare invoices versus quotes for better business planning. |
 Share information with your accountant or CPA.
Using the Accountant Transfer Export Wizard, you can send your financial information to your accountant while you continue using Office Accounting Professional 2008 to run your day-to-day business. When your accountant is done updating the books, the changes get synchronized automatically. Microsoft Office Live can help you share information with security features with your accountant and others. The accountant also has the option of remotely accessing your financial information. |
 Sell on eBay.
With Office Accounting Professional 2008, you can reach out to millions of potential customers on eBay. You can conveniently list items, check listing status, download orders, and receive payments in real time. After an item sells, all transaction records, including commissions and fees, are downloaded directly into Office Accounting Professional 2008, making both accounting and order processing more efficient. Support for multiple currencies enables you to buy or sell items from other countries. |
 Use PayPal and Equifax to do business with confidence.
Using Microsoft Office Outlook 2007, you can generate an invoice that includes an integrated PayPal option to help you get paid faster. Customers simply click the PayPal link in the invoice to pay. Office Accounting Professional 2008 also provides a credit card processing option that does not require expensive terminals or a dedicated phone line. And Office Accounting Professional 2008 provides easy access to Equifax credit report services to obtain a one-time credit report or ongoing credit monitoring to help you evaluate business risks and make better decisions. Learn more about Equifax services for Office Accounting Professional 2008. |
Office Accounting Professional 2008 includes new features to help you get started quickly, save time, sell online, and work more effectively with the Microsoft Office system. Key enhancements include:
- New--Spanish language edition. Manage your business in either Spanish or English. Switch between languages in just a few clicks, so you can manage your accounting, create invoices and print reports in the language of your choice.
- New--Office Accounting Resource Center. Get the most out of Office Accounting with demos, step-by-step guides, training videos and community forums, all conveniently available with one click in Office Accounting.
- New--Universal Import of Transactions. Import your existing financial data including transaction history from virtually any accounting package into Office Accounting via Microsoft Office Excel or CSV files.
- New--Budgeting tools. Easily create a budget in Office Accounting and track how your budget compares with your actual results.
- New--Bulk e-mail of documents. Mail merge Office Accounting data so you can email PDF or Word statements, invoices and other documents to multiple customers in one transaction.
- New--Scheduled Documents. Memorize your recurring transactions such as invoices or purchase orders to ensure nothing falls through the cracks. Recurring transactions appear as reminders on your company dashboard on the date you set.
- New--Convert sales orders into purchase orders. Save time and eliminate additional data entry by automatically generating a purchase order from a sales order.
- New--Re-order Inventory Automatically create purchase orders to replenish inventory that has fallen below a minimum level you set.
- Improved--Streamlined Microsoft Office Excel data import. No need to map fields from your spreadsheet to Office Accounting. Simply paste your accounting data into our preformatted Excel spreadsheet for easy import into Office Accounting.
- Improved--Business templates Choose from dozens of industry templates and Office Accounting automatically configures itself to how you run your business.
- Improved--Bulk processing of transactions. Process multiple transactions such as customer invoices, vendor payments or purchase orders all at once to save time.
- Improved--Enhanced reporting and analysis tool pack. Create your own Microsoft Office Excel and Microsoft Office Access reports and add them to the list of standard reports for easier access. Powerful analysis tools are now incorporated directly into Office Accounting for easier access.
- Improved--Expanded online banking features. Office Accounting supports more financial institutions than ever and sports a streamlined online banking sign-up process. And you can now synchronize vendors in Office Accounting 2008 with online payees you've set up with your bank.
- Improved--Preferred vendors. Designate preferred vendors for certain documents to reduce data entry and save time.
- Improved--Status watermarks. Print professional looking watermarks such as Paid or Not Paid on documents you send to customers.
 Get started quickly with the familiar Microsoft Office interface. |
 Easily convert information in one type of document into another (for example, convert quotes to invoices) without retyping. |
 Send e-mail invoices with the integrated PayPal option. |
Special Features for Accountants
- New--Accountant Business Template Export CPAs can set up clients with a custom chart of accounts based on a template they create.
- New--Show/Hide voided documents. Instantly see voided transactions so you can more easily spot mistakes or unusual transactions.
Save Time and Work More Efficiently
During a typical day, small business owners and employees rely on a variety of documents to get their jobs done. Essential financial and customer information can be stored in diverse places such as paper files, Excel spreadsheets, Word forms, and other documents. In such a situation, accomplishing simple accounting tasks such as creating customer quotes, invoices, and sales reports can be time-consuming. Yet, for many small business owners and employees, the prospect of switching to a new accounting solution, even if that solution would save them time and resources, may be intimidating.
If your business is currently using any other accounting solution, Office Accounting Professional 2008 provides an easy and fast way to switch to a solution that will help you save time with everyday financial tasks. Office Accounting Professional 2008 tools are easy to use and have the familiar look and feel of the Microsoft Office system.
Get Started Quickly and Easily
Most small businesses do not have the time or IT staff to install and configure complicated business software. Office Accounting Professional 2008 is easy to set up and learn, so you can get started in just a few minutes. Because Office Accounting Professional 2008 looks and feels like familiar Microsoft Office programs, you can be productive right away with minimal effort or training.
Get Up and Running in Minutes
The Startup Wizard imports your existing accounting data from sources such as Microsoft Office Excel, Intuit QuickBooks 2006 or earlier, and Microsoft Money. The Startup Wizard gets your company's financial processes set up, connected, and working right away so that you can be writing your first invoice within minutes. Office Accounting Professional 2008 is intuitive and easy to use, and it doesn't require extensive training to become proficient. Best of all, Office Accounting Professional 2008 looks and works just like other familiar Microsoft Office system programs.
If you are starting a new business, the Startup Wizard makes it easy to select a list of your accounts and enter information about customers, vendors, and items. Your accountant or CPA can also use the Startup Wizard to set up accounts, taxes, and other accounting information.
The new Resource Center provides a single location to access helpful information to get you started. Get the most out of Office Accounting with demos, step-by-step guides, training videos and community forums, all conveniently available with one click in the Office Accounting Resource Center.
Import Data from QuickBooks and Other Sources
Office Accounting Professional 2008 is designed to import data from many sources. You can easily use existing financial information including transaction history and not be concerned about starting from scratch or losing valuable data. Import data from Microsoft Office system programs such as Excel and other accounting software such as Intuit QuickBooks 2006 and Microsoft Money.
QuickBooks 2006 users can easily import their data by using the Convert from QuickBooks Wizard. You can import all your QuickBooks data including master records such as chart of accounts, customers, vendors, items, employees, and supporting tables as well as beginning balances and transactions. If you are using a previous version of Office Accounting Professional, such as Office Accounting 2007, it is very easy to upgrade to Office Accounting Professional 2008.
Work in a Familiar Interface
Most small businesses rely on Microsoft Office programs to get work done. The familiar Microsoft Office interface and functionality help people communicate more effectively and be more productive right from the start. Office Accounting Professional 2008 helps extend that ease of use and productivity to managing your company's finances.
A Navigation Pane provides centralized navigation and easy access to home pages to start commonly performed tasks. Office Accounting Professional 2008 is so easy to use that you can be productive right away, whether you are new to accounting software or an advanced user. Furthermore, Office Accounting Professional 2008 works smoothly with Office Outlook 2007 with Business Contact Manager to provide customer information in one place.
Save Time Managing Everyday Tasks
Time is money, and routine but necessary accounting tasks such as tracking expenses and managing payroll can take up hours that could otherwise be spent growing your business. Even simple tasks such as paying bills and invoicing customers may require that information be written down or entered multiple times, which not only is time-consuming but can lead to errors. Office Accounting Professional 2008 streamlines those financial processes to help you manage everyday accounting tasks more efficiently.
Enter Information Once
Office Accounting Professional 2008 simplifies everyday tasks because you can share and re-use common data across different forms rather than re-typing the information. To make entering recurring transactions easier and faster, Office Accounting Professional 2008 tracks your transactions and stores the information for future use. You can easily share accounting data across other Microsoft Office programs you use. For example, within Office Accounting Professional 2008 you can easily export a quote to Office Word to create a professional-looking proposal customized for your business.
Easily Create Quotes, Invoices, and More
With Office Accounting Professional 2008, you can easily create common documents such as quotes, invoices, purchase orders, and more. For example, quickly convert information such as a customer quote into an invoice without tedious data reentry. You can also now convert sales orders into purchase orders automatically. With Office Accounting 2008, you can also easily customize each form to suit your business's specific needs. Office Accounting Professional 2008 works smoothly with Office Outlook 2007 with Business Contact Manager to put customer information and financial data in one place. From within Office Outlook 2007 with Business Contact Manager, employees can view financial information about customers and create quotes, orders, and invoices in Office Accounting Professional 2008--without having to transfer data from one program to another.
 The Resource Center helps you quickly find helpful information in Office Accounting Professional 2008. |
 Easily track expenses and other transactions. |
 Easily track billable time by job in Office Accounting Professional 2008. |
Track Expenses and Transactions Automatically
The process of paying bills and recording expenses is often inefficient. Writing down information to be entered later can be time-consuming and is prone to errors. Office Accounting Professional 2008 automatically tracks all transactions, including expenses, as you enter information. You can easily categorize income and expenses for tracking and reporting.
You can see detailed views of each transaction and audit transactions to understand changes made to records. To save time, advanced users can enter multiple transactions by creating numerous journal entries posting on different dates and relating to different accounts in one journal form.
Create, Modify, and Export Documents in Office Word
Because Office Accounting Professional 2008 works smoothly with Office Word, you can easily export quotes, sales orders, packing slips, invoices, and other information to Word with a click. If your business has already created personalized Word documents, you can reuse existing templates and documents. You can also customize templates that come with Office Accounting Professional 2008 to create professional-looking materials and documents. Choose from dozens of industry templates and Office Accounting automatically configures itself to how you run your business. The Write Letters Wizard is an easy way to create and modify letters from Word templates for your customers, vendors, and employees.
Automate Bank Accounts
Businesses must track banking activities to keep tight control on the flow of funds into and out of the company. If your business has an online banking account, you can download your records from the bank or other financial institution directly into Office Accounting Professional 2008. The Online Banking Wizard helps you easily set up and use the online banking feature.
Office Accounting Professional 2008 helps you manage multiple company bank accounts and maintain a consolidated view of the various accounts. The Banking home page summarizes your company's banking activities. From the Banking home page, you can easily write and print checks, make deposits, reconcile your bank accounts, and perform other banking tasks.
Office Accounting Professional 2008 supports more financial institutions than ever before and includes a streamlined online banking sign-up process. You can now synchronize vendors in Office Accounting 2008 with online payees you have set up with your bank.
Automate Customer Payments
You can customize and organize customer payments with Office Accounting Professional 2008. With the credit card processing option, accept credit and debit card payments to better serve your customers and reduce transaction costs. For credit card purchases, you can print receipts and create customer credit memo templates for future transactions.
Track Employee Time and Costs
Billable time is the livelihood of service businesses. You can track and manage employees' billable time directly in Office Accounting Professional 2008 through the Time Entry form. Office Accounting Professional 2008 can then use the billable hours to create customer invoices.
Many companies, such as consulting firms and contractors, organize their businesses around specific customer jobs. Office Accounting Professional 2008 helps you track revenues and expenses by job, and monitor and compare total job profitability. You can also track estimated versus actual job costs and compare invoices versus quotes. This data becomes useful for business planning such as increasing the accuracy of future job estimates.
Working with Office Outlook 2007 with Business Contact Manager helps you achieve more accurate and timely billing. Employees can mark appointments in their Outlook calendars as billable time, and then transfer that information to Office Accounting Professional 2008 with a single click.
Manage Payroll and Taxes
Managing payroll and calculating government taxes can be one of the most difficult financial tasks for any business. With Office Accounting Professional 2008, you can subscribe to online-based payroll. Payroll for Office Accounting provides a full-featured, easy-to-use payroll and tax processing program for calculating federal, state, and local taxes. With the integration between Office Accounting Professional 2008 and Payroll for Office Accounting, you can import timesheet data directly into the payroll application, and export payroll and tax information to the general ledger.
Track and Forecast Inventory
For small businesses that sell products, effective inventory management is key to minimizing costs and maximizing profits. Office Accounting Professional 2008 provides an inventory system that automatically updates quantities when you create invoices or take returns. You can track and adjust overall inventory quantities in the system in real time, and you can use the physical inventory worksheet to perform a physical count. Now, you can save time by using Office Accounting Professional 2008 to automatically create purchase orders to replenish inventory that has a fallen below a minimum level you set.
Sell and Buy in Multiple Currencies
For businesses that work with customers or vendors outside the United States, Office Accounting Professional 2008 handles the complexity of currency conversion and reconciliation, helping you do business with international vendors and customers in their own currencies.
Manage your business in Multiple Languages
With Office Accounting 2008, you can manage your business in Spanish or English. Switch between languages in just a few clicks, so you can manage your accounting, create invoices, and print reports in the language of your choice.
Get a Complete View of Your Business
In many small businesses, customer and financial information resides in different places--file folders, e-mail messages, spreadsheets, documents, and even sticky notes. Many small business owners do not have adequate time to truly understand and make use of their financial data, and often no easy way to share or organize the information exists to enable faster decision-making and provide better service to customers. Comprehensive business information is difficult to compile and understand, so getting the big picture of the business's financial health is challenging.
 The company home page provides a centralized view of critical business information. |
 Use Office Outlook 2007 with Business Contact Manager to work smoothly with Office Accounting Professional 2008. |
 Customize forms to suit your business needs. |
Office Accounting Professional 2008 gives you a single, always up-to-date view of your business by helping you manage financial information in one place. You can get organized and work the way you want by customizing the information you would like to see at a glance. Furthermore, you can track customer and financial information together by sharing customer account information using Office Outlook 2007 with Business Contact Manager.
View Your Financial Information in One Place
Office Accounting Professional 2008 puts financial data and business information in one place, giving you a comprehensive look at your business to enable better-informed decisions. By sharing and synchronizing customer account information using Office Outlook 2007 with Business Contact Manager, you can provide your employees with better financial information to serve customers, improve productivity, and reduce errors.
Store and Organize Data Centrally
Office Accounting Professional 2008 gives businesses a central place to collect, organize, and manage financial information so they don't have to use multiple methods and tools. Easily work with information about your customers, employees, and vendors in one place.
Because Office Accounting Professional 2008 and Office Outlook 2007 for Business Contact Manager share a single database, information related to customers, vendors, prospects, and employees can be easily shared in real time between the two programs. The ability to bill, track transactions, and query financial history can be used by salespeople as well as office managers and business owners.
Work with Microsoft Point of Sale
If you are a single-store retailer, Microsoft Point of Sale provides an easy-to-use program that helps track sales, inventory, and customer information. Combining Microsoft Point of Sale with Office Accounting Professional 2008 creates an integrated retail solution that connects the point of sale to accounting. You can send all the sales details of the day from Microsoft Point of Sale to Office Accounting Professional 2008 without retyping data, thus saving time and reducing errors. You can then use Office Accounting Professional 2008 to run financial reports that help you manage cash flow and improve profitability.
Get a Snapshot of Important Information
When accounting data is available in one place, you can quickly get a look at the fiscal health of the company. The company home page provides a snapshot of important information, critical tasks, and reminders on one screen. By capturing this information in one location, you can stay on top of your business and quickly get an overall sense of its performance.
Share Account Information with Office Outlook 2007 with Business Contact Manager
When you combine Office Accounting Professional 2008 with Office Outlook 2007 with Business Contact Manager, you get a complete business and financial picture of your customers in one place. From within Office Outlook 2007 with Business Contact Manager, employees can turn opportunities into quotes, orders, and invoices in Office Accounting Professional 2008--without having to reenter information in another program. Employees can mark their Outlook calendar appointments, projects, tasks, and phone logs as billable and automatically send that information to Office Accounting Professional 2008 to create customer invoices.
An integration wizard helps you link your Office Outlook 2007 with Business Contact Manager accounts and contacts with your customers in Office Accounting Professional 2008. Because the programs share a database, data entered in either program automatically flows to the other so information is always synchronized. This keeps you informed of account and customer changes and provides a central location for critical information, which can also be shared with employees selectively, based on their roles.
Work the Way You Want
Every business is different. That's why tailoring your accounting solution to suit your business's needs and style is so important. Office Accounting Professional 2008 makes it easy to customize and personalize the information you need.
Create a Personalized Company Home Page
The company home page provides a snapshot of your business's overall financial condition as well as your day-to-day accounts payable and accounts receivable information. You can personalize this information by easily adding and removing dashboard content such as reminders, recent cash flow forecasts, bank account information, vendors, customers, and more.
Customize Forms
Using Office Accounting Professional 2008, you can easily customize quotes, sales orders, invoices, purchase orders, reports, and more. You can fully customize the data elements used in most forms by moving fields, creating custom fields, renaming fields, and hiding unneeded fields. These customized forms and letters can be exported to Word templates to sharpen the professional appearance of marketing materials and financial documents.
Provide Employee Access and Customize Security Roles
Having better insight into financial and customer information can help employees be more effective workers. Yet, because some employees may not need access to all the company's accounting data, providing even basic information to the right employees can be challenging.
With Office Accounting Professional 2008, owners and managers can control access to sensitive information based on an employee's role. You can add and remove permissions from different roles such as Owner, Office Manager, Accountant, and Salesperson, as well as add new customized roles. That gives you ultimate flexibility over who has access to your business's accounting data.
Multiple users can also work with Office Accounting Professional 2008 from different computers at the same time.
Find and Organize Information Quickly
Even when a business is small, finding financial and customer information is sometimes more work than it needs to be. It is essential to make financial and customer data accessible and usable to everyone in the company who needs it. Office Accounting Professional 2008 includes features to help you quickly find mission-critical data, whether it is related to customers, vendors, jobs, or other information.
To improve database performance, the Compress Data feature compresses historical data in a separate company database, making the active database faster than ever. Data for all years remains available if needed for year-by-year comparisons.
Gain Insight into Your Business Finances
Business owners are often caught up in the day-to-day tasks of running the business. It can be challenging to gather financial information to gain insights for making short-term and long-term decisions about the direction of the business. Office Accounting Professional 2008 provides the features and reports to give you the information you need, at a glance, to make more informed business decisions. You can further analyze the data by exporting accounting data to other Microsoft Office system programs such as Office Excel or Office Access.`
Understand Your Business with Comprehensive Reports
Office Accounting Professional 2008 offers more than 60 pre-defined reports that help you get insights into all aspects of your business. Easy-to-use reporting empowers you with many kinds of financial information across the company, such as the sales pipeline, cash flow, item profitability, and customer transactions. In addition, you can easily customize the reports by setting filters, changing fonts and formatting, and more. With Office Accounting 2008, you can create your own Office Excel or Office Access reports and add them to the list of standard reports for easier access. Powerful analysis tools are now incorporated directly into Office Accounting for easier access
Understand Your Customers
Using the customers home page in Office Accounting Professional 2008, you can perform all the tasks related to customers and receivables and get a quick view of the state of each account. You can stay up-to-date on the latest customer needs through a financial summary that includes outstanding payments and balance information.
If more information is required to manage sales and predict sales activity, you can run detailed reports. For example, you can run reports that show sales status, order information, and probability of closing. Salespeople can filter data to view the status of accounts they are working on or to display customers they have not contacted recently.
Create budgets and track progress toward your goals.
Easily create a budget in Office Accounting and track how your budget compares with your actual results. Use new features in Accounting 2008 to create budgets where you can make profitability projections for a fiscal period. You can also run reports that compare your projections to actual results. You can adjust your budget at any time to reflect actual results in a fiscal period; changing market conditions; and new accounts or classes.
Monitor and Forecast Cash Flow
Analyzing cash flow--the difference between income and expenses--is an essential task for business owners. Office Accounting Professional 2008 includes cash flow tools that help you conduct a complete and accurate analysis of history and trend data for cash coming in and going out of the business. The Cash Flow Forecast tool keeps track of sales, purchases, and payments to help you manage and predict cash flow easily. You can model different scenarios to help forecast future cash flows and make decisions about which customers to contact or which bills to pay. For further cash flow analysis, Office Accounting Professional 2008 reports such as the Cash Flow Statement can show cash inflows and outflows of the business over a period of time.
Share Data with Your Accounting Professional
Many small businesses regularly work with an accountant or bookkeeper, whether for payroll, tax preparation, or other tasks. Office Accounting Professional 2008 includes unique features to make it easier to share your business's financial data with an accounting professional.
Using the Accountant Transfer Export Wizard, you can send your business's accounting data to your accountant and continue using Office Accounting Professional 2008. When the accountant is done updating the books, he or she can send the data back to you to synchronize the changes. Alternatively, your accountant can remotely connect to your copy of Office Accounting Professional 2008 and update it.
Manage and Grow Your Business More Effectively
In a competitive world, small business owners are looking for better ways to manage and develop their businesses. More small businesses are selling online because the Internet gives them the ability to reach millions of potential customers. Office Accounting Professional 2008works smoothly with online marketplaces to help you sell more effectively and receive customer orders and payments with confidence.
Sell Online More Effectively
With the Microsoft Small Business Online Sales option, you can easily and cost-effectively sell on Internet marketplaces such as eBay. Whether you're selling online for the first time or already have an eBay business, working through Office Accounting Professional 2008 can save you time and help you sell more.
Sell on eBay
Office Small Business Accounting 2008 helps you reach out to millions of potential customers with its full-featured eBay integration. From the online sales home page, you can easily list inventory items, check the status of your listing, download and process orders, and track activity in real time from within Office Accounting Professional 2008. A single listing screen helps you manage all inventory items in real time, including quantity, reserve prices, and images. You can easily upload multiple listings simultaneously. After an item sells, the order information including commissions and fees is downloaded directly into Office Accounting Professional 2008. The online orders can be processed in Office Accounting Professional 2008, and payments can be received by using the integrated credit card services or PayPal.
Do Business with Confidence
Managing customer transactions can be a constant challenge for small businesses. Office Accounting Professional 2008 provides integration with services to help you check the financial health of your customers and provide them with more payment options so that you can receive payment more quickly.
Get Paid Faster Through PayPal
Smart businesses offer customers a variety of payment methods. Office Accounting Professional 2008 gives you the ability to offer customers a PayPal payment option to help you get paid faster. Using Microsoft Office Outlook, you can easily generate an e-mail message with an invoice that includes an integrated PayPal option. Customers click an automatically generated link and use the PayPal service to enter payment. All transactions are tracked in Office Accounting Professional 2008, dramatically simplifying the payment process.
Credit Profile with Equifax
Office Accounting Professional 2008 provides easy access to Equifax credit report services. Obtain one-time credit reports or ongoing credit monitoring of customers and prospects to help you evaluate business risk and make decisions about customer sales with more confidence. You can also order a credit report for your business to keep track of your own credit history.
*** Product Information and Prices Stored: Dec 04, 2010 17:17:22
Headphones Reviews Memory Cards for the best prices
