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Microsoft Office Accounting Professional 2008 frequently asked questions
 
In this article


Overview

Show What is Office Accounting Professional 2008?

Office Accounting Professional 2008 is an easy-to-use, complete accounting solution. It has a comprehensive set of accounting tools that help small businesses save time by making them more efficient and effective at managing everyday financial tasks. Deep integration of Office Accounting Professional 2008 with Microsoft Office Outlook 2007 with Business Contact Manager enables you to get a complete view of your business by having all your customer and financial information in one place. New features such as the Resource Center, bulk document e-mailing, and budgeting and purchase order improvements make it even easier to grow and manage your business.

Show Who is Office Accounting Professional 2008 for?

Office Accounting Professional 2008 is specifically for small businesses and the accounting professionals serving them. It provides a single place to manage the company’s business finances with the look and feel of familiar Microsoft Office system programs.

Show What are the key benefits of Office Accounting Professional 2008?

Office Accounting Professional 2008 offers the following benefits:

Easy to learn and use

  • The Startup Wizard gets your company set up right away. You can easily import data from other programs such as Intuit QuickBooks, Microsoft Money, and Microsoft Office Excel. Office Accounting Professional 2008 shares the same look and feel of familiar Microsoft Office programs so you are productive right away.
  • The new Resource Center is a single location where you can find how-to articles, helpful tips, tricks, and demos that help you get the most out of Office Accounting Professional 2008.

Save time managing everyday tasks

  • Enter information only once to save time and reduce errors.
  • Create customized estimates, invoices, and purchase orders. Save time and eliminate additional data entry by automatically generating a purchase order from a sales order.
  • Save time with online banking. Download bank transactions and import them into your general ledger.
  • Track employee time and job costs.
  • Manage payroll and taxes with the integrated payroll service.
  • Automatically create purchase orders to replenish inventory that has fallen below a minimum level you set.

Store and organize all your information in one place

  • Use Office Outlook 2007 with Business Contact Manager to share and synchronize account information. Give your employees complete customer information to help them improve productivity, reduce errors, and better serve customers.
  • Create templates for documents and customize any form to suit your needs.

See how your business is doing at a glance

  • Easily create a budget in Office Accounting and track how your budget compares with your actual results.
  • Monitor and forecast cash flow with the Cash Flow Analyzer.
  • Use the company home page for important business information such as daily reminders, account balances, overdue invoices, profitability, and more — all on one screen.
  • Get real-time insights into your business by using more than 70 pre-defined reports.

Sell on eBay

  • List and sell items from your inventory in Office Accounting on eBay using the Online Sales feature.
  • Track activity in real time and download and process orders.
  • Process credit card payments in Office Accounting without expensive terminals or dedicated phone lines.

Do business with confidence

  • Monitor customer and even your own credit by using integrated Equifax services.
  • Add a PayPal button to invoices so customers can pay you with just a few clicks.

Show How does Office Accounting Professional 2008 compare with other financial management software programs?

Save time managing everyday financial tasks such as banking, generating invoices, tracking job costs, and payroll services.

Smooth integration with Office Outlook 2007 with Business Contact Manager makes both financial and marketing customer information available to employees to help them make well-informed decisions.

The Cash Flow Analyzer and customizable reports help owners get a complete view of their business. Using the Office Live services, businesses can smoothly share information with their accounting professional.

Office Accounting Professional 2008 provides tools that help small businesses to expand by selling their inventory and services on marketplaces such as eBay, getting paid faster through PayPal, and monitoring customer credit using Equifax.

Show Why should I upgrade to Office Accounting Professional 2008?

Office Accounting Professional 2008 has a lot of new exciting features that help small businesses be even more efficient and effective, and grow their business. New features include:

  • Resource Center with an accountant finder, demos, community tools, and product resources provides a single place to go to get great help and how-to information.
  • Automatically convert sales orders to purchase orders.
  • Automatically generate purchase orders based on inventory levels.
  • Create multiple budgets and compare projected revenue to actual revenue.
  • Batch-process memorized transactions.
  • Bulk e-mail documents such as Microsoft Office Word, XPS, PDF attachments, or HTML.
  • Enhanced streamlined company setup makes it easier to get started.
  • Enhanced Microsoft Office Excel import allows you to import transactions.
  • Enhanced Competing Accounting Software Import Tool makes it even easier to import your books from competing applications into Microsoft Office Accounting.
  • Enhanced online banking makes it easier to download bank statements.
  • Enhanced integration with the 2007 Microsoft Office system provides access to Excel and Access reports from within Office Accounting.
  • Enhanced ordering workflow makes ordering more efficient.

Show How is Office Accounting Professional 2008 different from Microsoft Dynamics software?

Office Accounting Professional 2008 is an out-of-the-box software program specifically designed to meet the needs of small businesses with fewer than 25 employees. It provides scalability as the company grows from basic accounting tasks to comprehensive business management, and integrates smoothly with familiar Microsoft Office system programs. It can be deployed as a single user desktop system and can scale to support multiple users.

Microsoft provides a smooth migration option for businesses needing to upgrade to Microsoft Dynamics software when the company’s needs become more complex and sophisticated.

Show How can Office Accounting Professional 2008 benefit various employees in a small business?

Office Accounting Professional 2008 is a complete accounting solution designed specifically to address the needs of small businesses and accounting professionals. Office managers, small business owners, and sales and marketing employees can use this program to increase their productivity.

Because of its integration with 2007 Microsoft Office system programs such as Microsoft Office Word and Excel, employees reduce errors and save time by entering data only once. Keeping track of expenses, job costs, and billable time becomes much simpler and more accurate.

Office Outlook 2007 with Business Contact Manager integration provides sales and marketing employees with access to complete financial and marketing information, making them more effective in building stronger customer connections.

Small business owners can get a bird’s-eye view of their business by using the various reports and the Cash Flow Analyzer. This enables them to reach out to millions of customers by selling their products and services at online marketplaces such as eBay and get paid faster by using PayPal. Business owners and managers can assess risks by obtaining Equifax credit reports on customers, and even keep track of their own credit history.

Show Why should accounting professionals use Office Accounting Professional 2008?

Office Accounting Professional 2008 has special features to enable accounting professionals to be more productive.

  • Accountant Transfer Wizard. Clients can send their books to their accountants and still continue to use Office Accounting Professional 2008 for their daily business. Accounting professionals can work on the books and send them back, and the changes get synchronized easily. Alternatively, accounting professionals can also remotely connect to their client’s copy of Office Accounting Professional 2008 and update their books.
  • Accountant Business Template Export. CPAs can set up clients with a custom chart of accounts based on a template they create.
  • Show/Hide voided documents. Instantly see voided transactions so you can more easily spot mistakes or unusual transactions.
  • Accountant Navigator. From this central location, accountants can independently manage client accounts and payroll, import and export client data, and create journal entries for each client.
  • Enhanced Cash Basis Accounting. CPAs have the flexibility to customize Cash Based Reporting settings for each client’s accounts based on the nature of their business. This helps ensure more accuracy as the transactions are captured on the basis of these settings.
  • Payroll Center for accountants. Accountants can now run and manage payroll processing for multiple clients from a single dashboard.

Show Will I outgrow Office Accounting Professional 2008?

Office Accounting Professional 2008 is built to support small businesses that have 25 or fewer PCs and less than 50 employees. It can be configured as a single user desktop installation by using Microsoft SQL Server Express 2005. It can also be configured for multiple users in a peer-to-peer environment or deployed on a Windows Small Business Server computer with SQL Server. Businesses that outgrow Office Accounting Professional 2008 can migrate to Microsoft Dynamics.

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Features and add-on services

ShowWhat are some of the accounting services in Office Accounting Professional 2008?

  • Online sales integration gives you the ability to sell inventory, track activity, and download orders in online marketplaces such as eBay directly from Office Accounting Professional 2008.
  • Equifax credit service enables you to monitor credit for your business, customers, or prospects.
  • PayPal integration enables you to get paid faster by offering the PayPal payment option to customers.
  • Accountant Business Template Export enables accountants to set up clients with a custom chart of accounts based on a template they create.
  • Show/Hide voided documents allows you to instantly see voided transactions so you can more easily spot mistakes or unusual transactions.
  • Microsoft Office Live integration enables businesses to more securely exchange financial information with accounting professionals and other contacts.
  • Accountant Transfer Wizard helps you share data with an accounting professional and synchronizes data easily after the accountant is done updating the books.
  • Accountant View page provides a central location from which accountants can manage Office Accounting Professional 2008 data for multiple clients independently.
  • Data import enables users to import accounting and financial data from additional programs and versions, including Microsoft Money, Excel, and QuickBooks.
  • Account and Customer Integration Wizard enables synchronized data sharing so that you can make updates to a customer’s record in one program and quickly see the results in the other program.
  • Journal entry is now expanded so you can be more productive by creating numerous journal entries posting on different dates and with different accounts.
  • Forms customization has been improved so you can tailor any form by adding, moving, creating, or renaming fields, and hiding unnecessary data element fields.
  • Customizable security roles have been improved and now you can add and remove employee permissions to control access to sensitive financial information.
  • Multicurrency support facilitates transactions in foreign currencies with customers and vendors as Office Accounting Professional 2008 handles the complexity of currency conversion and reconciliation easily.

Show Can Office Accounting Professional 2008 import data from other accounting software?

You can easily use existing financial information and not be concerned about starting from scratch or losing valuable data. Office Accounting Professional 2008 is designed to import data from other software including QuickBooks, Excel, and Microsoft Money.1

Using the Convert from QuickBooks Wizard, QuickBooks users can easily import their data including master records such as charts of accounts, customers, vendors, items, employees, and supporting tables, as well as beginning balances and transactions. In addition, if you use Microsoft Office Small Business Accounting 2006 or Office Accounting 2007, it is very easy to upgrade to Office Accounting Professional 2008.

Show Can I process credit card payments by using Office Accounting Professional 2008?

Using the Office Accounting Professional 2008 credit card processing option, you can accept major credit and debit card payments to better serve your customers and reduce transaction costs. For credit card purchases, you can even print receipts and create customer credit memo templates for future transactions.

Show Is payroll included in the Office Accounting Professional 2008 program?

Yes. Office Accounting Professional 2008 is designed to work with an integrated payroll services program to help you manage your payroll process more efficiently. Based on your business needs, you can choose among the various payroll services options and begin subscribing at one of the most competitive prices in the industry.

Show What are the various add-on services available with Office Accounting Professional 2008?

The following add-on services can be used within Office Accounting Professional 2008 to help small businesses be more productive and efficient.

  • Payroll services to help streamline the payroll process.
  • Equifax credit reporting services to monitor customer and business credit.1
  • Office Live services to help you share financial data with others and to sell online from your Web site.2
  • eBay integration to help you grow your business online.3
  • PayPal integration to help you get paid faster.3
  • Buy checks and forms option to easily order custom business forms.
  • Online banking to help you save time.
  • Credit card processing to better serve your customers.

Show Can I use other payroll services while working with Office Accounting Professional 2008?

For businesses that have very simple payroll needs, Office Accounting Professional 2008 comes with a simple, integrated Excel-based payroll system. Businesses using other payroll systems will have to enter the journal entries after the payroll run to update accounts in Office Accounting Professional 2008.

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Pricing and licensing

Show How much does Office Accounting Professional 2008 cost?

Visit the pricing page for pricing information.

Show Will Office Accounting Professional 2008 be included in the 2007 Microsoft Office release?

No. Office Accounting Professional 2008 will be available as a stand-alone program and will not be a part of the Microsoft Office system.

Show Where can I find more information about Office Accounting Professional 2008?

Visit the Office Accounting Professional 2008 home page for detailed product information.

Show Is Office Accounting Professional 2008 available outside the U.S.?

Yes. Office Accounting Professional 2008 is available in the United Kingdom as well as the U.S.

Show How many simultaneous users does Office Accounting Professional 2008 support?

Office Accounting Professional 2008 can support approximately 10 users. The actual number is dependent on the hardware capacity of the server running the system.

Show Does my accountant also need to buy a copy of Office Accounting Professional 2008?

Yes. Accounting professionals can join our Microsoft Professional Accountants’ Network (MPAN) and get a free copy of Office Accounting Professional 2008.

Show Is Office Accounting Professional 2008 easy to install?

Office Accounting Professional 2008 is so easy to install, you don’t need any IT staff. The startup wizard gets your company set up, connected, and working right away so you can be writing your first invoice within minutes. The familiar and intuitive interface makes Office Accounting Professional 2008 easy to learn and use right out of the box.

Show Can I run multiple companies from the same copy of Office Accounting Professional 2008?

Yes. You can set up and run multiple companies from the same copy but all users need to have separate licenses. There is no limit on the number of companies you can run.

Show Can I install Office Accounting Professional 2008 on multiple computers by using the same license?

You can install one copy of Office Accounting Professional 2008 on your main computer and another on your laptop computer for your exclusive but non-concurrent use. To install a version of Office Accounting Professional 2008 on more than two computers, you must obtain another license for the program. On the same computer, you can install or reinstall as many times as you like.

Show What if I install a copy of Office Accounting Professional 2008 on my network server? Do I need an additional license?

You need to have a license for each installation of Office Accounting Professional 2008 whether it is on a server or a desktop. Microsoft Accounting Professional is now available in a three-user version as well as a single license version.

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Integration and compatibility

Show What are the system requirements for Office Accounting Professional 2008?

Go to the system requirements page for more information.

Show How do I get updates for Office Accounting Professional 2008?

You can get updates for Office Accounting Professional 2008 by going to the Office Online downloads page.

Show How does Office Accounting Professional 2008 work with other 2007 Microsoft Office system programs?

Office Accounting Professional 2008 has been designed to work smoothly with other Microsoft Office system programs. Its integration with Office Word 2007 enables you to customize any documents like quotes and invoices by using existing or new templates. You can then use e-mail to send these invoices to your customers by using Office Outlook 2007. The integration with Office Outlook 2007 with Business Contact Manager helps ensure that all financial and marketing information is available centrally, and changes made in any one program automatically show up in the other. Furthermore, Outlook users can view financial information from within Outlook, use Outlook to create invoices, quotes, and sales orders, submit timesheets from Outlook, and track time in the Outlook calendar. Reports for business insight can be created in Office Accounting Professional 2008 and then exported to Office Excel 2007, with its rich formatting, for deeper analysis and calculations. The analysis pack included with Office Accounting Professional 2008 enables viewing financial data in Excel, PivotTable reports, and Microsoft Office Access reports.

Show Does Office Accounting Professional 2008 work with earlier releases of Microsoft Office?

Yes, Office Accounting Professional 2008 works with Microsoft Office XP and Microsoft Office 2003. However, some features may not be supported by older releases.

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Support and resources

Show How do I get support and resources?

Office Accounting Express and Standard customers can receive free e-mail support, with one business day response time. Professional and other SKU customers can receive phone and e-mail support with one business day response time. You're also welcome to participate in an Office Accounting Professional 2008 newsgroup to share your trial experiences with others and ask for advice. Visit the Office Accounting Professional 2008 home page for detailed product information.

1 Subscription and additional fees may apply.
2 Subscription and additional fees may apply for Microsoft Office Live.
3 Requires purchase of an additional third-party service.

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