Microsoft Small Business Financials Features List

Master record import from QuickBooks, Microsoft Excel, RealWorld, GPA, and Peachtree

Company setup wizards

Alerts and reminders

Setup checklists

Supports unlimited companies

Supports up to ten concurrent users

Administrator defined access rights for each user

Automated file backup and recovery

Personalized shortcut menu

Double-entry accounting

Full audit trail

Cash flow calendar

Fiscal period close

Automatically select posting accounts

Default charts of accounts for multiple industries Microsoft Excel-based budgeting

Supports account numbers up to 25 characters and five segments

Supports up to 13 fiscal periods

Batch and individual transaction posting

Automated batch recovery

Ability to close sales and purchasing ledgers while leaving general ledger open for year-end adjustments

Prior year adjustments

Financial statement reporting and trial balance reporting

General, recurring, and auto-reversing journal entries

Unlimited number of vendors

Vendor contact information

Automated discount and sales tax calculations

Finance charges

Credit memos

Returns

Bill payment via cash, credit card, or check

Payables check wizard

Supports voiding checks and transactions

Full audit trail for check printing

Four accounts payable aging buckets

Vendor history tracking

Purchases reporting

Accounts payable transaction, history, and analysis reporting

Purchase order processing

Auto receive purchase orders

Update inventory costs

Purchase order status

Multiple cost methods

Kits

Track serial and lot numbers

Allocated quantities

Unlimited number of customers

Microsoft MapPoint integration

Customer contact information and customer statement wizard

Customizable invoices and statements

Automated discount and sales tax calculations

Credit limits and memos, and debit memos

Service repair and warranties

Apply cash receipts to open invoices

Put customer accounts on hold

NSF check processing

Four accounts receivable aging buckets

Customer history tracking

Sales, sales tax, and accounts receivable reporting

Sales order processing

Salespeople/Commissions

Backorders

Packing slips/picking tickets

Unlimited number of bank accounts

Miscellaneous check option

Bank reconciliation

Enter transactions

Void checks and transactions

Record deposits, withdrawals, and transfer of funds between accounts

Payroll

Supports up to 500 active employees

Integration with General Ledger

Payroll setup wizards

Payroll checklists include pay period, month-end, quarter-end, and year-end

Tax table updates

Payroll check printing

Void payroll checks with audit trail

Direct deposit

U.S. Federal W-2 Magnetic Media

Absence reporting

Overtime and deduction calculations

Pension processing

Payroll reporting

Reporting

One centralized report window

Over 80 customizable reports

Check writing wizard

Smartlist queries

Drill down to source documents

Financial statements

Report editor

Customizable reports

Standard reports throughout Microsoft Small Business Financials

Reports available via the Web

Export to Microsoft Word, Excel, and HTML

One centralized report window

Over 100 customizable reports Check writing wizard

Smartlist queries

Drill down to source documents

Financial statements

Report editor

Customizable reports

Standard reports throughout Microsoft Small Business Financials

Reports available via the Web

Export to Microsoft Word, Excel, and HTML