When Microsoft introduced its suite of desktop products under the title “Microsoft Office”, it seemed that they had packaged a nice collection of word processing and spreadsheet programs. It offered a mail and contact package along with a slick slide presentation program for the office worker who works on the sales side. There was also Access, the database program that could do virtually anything you asked of it as long as you could figure out how to ask and how to enter your data appropriately.
What was missing was a program for the employee on the P&L side, the employee who could analyze what the salesman was bringing in and company operations was putting out. What was missing was an accounting system, and then in 2004, Microsoft introduced their Microsoft Office Small Business Accounting (SBA) program. Microsoft’s SBA was truly targeted at the small business operator. This new program would benefit the entrepreneur who had outgrown Excel’s limited book keeping functionality but had not yet reached the level requiring Microsoft’s Small Business Manager Accounting, which at the time was a more sophisticated and far more expensive program.
Office SBA effectively ties together the limited functions of the other Office programs into an integrated small business set of books. Invoices created in word and sent to a contact name in Microsoft Outlook are logged in an Excel spreadsheet using the engine contained in the Small Business Accounting software. The software also offers capabilities for tracking sales and customer accounts receivable, disbursements and vendor accounts payable, and banking and financial reporting.
You can create customized forms through Microsoft’s Small Business Accounting software, providing that desktop-created professional look. SBA even has a program for converting appointments logged in Outlook into billable hours, which is the principal product for may attorneys and other consulting professionals.
You can run a payroll accounting system through Microsoft SBA that utilizes Excel as the platform. But the three principal accounting functions that the software provides are
: Creating invoices and purchase orders, Recording purchases, receipts, bank deposits, and bill payments Generating financial statements and other reports.
Small Business Accounting also will create flowcharts that provide the visual aid for following business transaction records. The newer versions of the software have converted some of the Outlook functions into a Business Contact Manager function.
The 2006 version of Microsoft Small Business Accounting opens with a setup record that walks you through the process of setting up your business accounting structure. This is an invaluable function, saving hours of headaches for the entrepreneur who is new to and confused by the book keeping functions of small business. You can select a type of business during the setup process, and the wizard will set up a chart of accounts designed to manage that type of business. You can import your contact list, or portions of it into the chart of accounts and already you have established the core of your business monitoring operation.
With a little practice, you’ll learn to utilize the flow charts and other analytical tools to predict business behavior. Microsoft Small Business Accounting, now several iterations old, has become a solid competitor in the small business accounting software field.
|
Westwood College is an institution of higher learning dedicated to providing quality, career-focused undergraduate and graduate programs that prepare students with the knowledge, skills, and credentials needed to launch, enhance, or change careers. The College offers broad access to education and serves a diverse, multicultural body of students in an environment that promotes pride, respect, and teamwork. The College's programs are designed to empower students to pursue their individual career goals.
|
|
|
|
|
|
Our programs are current, in depth, and job oriented. A sound educational background, combined with "hands-on" experience, is required to meet the needs of an ever-changing and increasingly technical society.
|
|
|
|
|
|
|
At ITT Tech we are committed to helping men and women develop the skills and knowledge to pursue many opportunities in fields involving technology, criminal justice, and business.
|
|
|
|
|
|
|
Saint Leo University Online is a leading provider of accredited online education to working adults and is a major global provider of education to the military. The online programs are designed to meet the growing needs of adult students and offer the best attributes of traditional classroom education in conjunction with today's most innovative computer technology.
|
|
|
|
|
|
|
Courses that you can take with you---the varied curriculums at HoHoKus Rets School of Business have been evaluated by the American Council on Education, allowing graduates to earn up to 55 college credits at more than 1500 colleges and universities across the nation.
|
|
|
|
|
|
|
At Western International University (West), we've provided degree programs for working adults for more than 30 years. We understand that classes must not only fit your schedule - with all of its obligations and commitments - but compete fiercely for your time and attention.
|
|
|
|
|
|
|
Bellevue University, a leader in adult learning, is your best choice. We accept ALL of the credit in your associate's degree - that's EVERY credit in your A.A.S, A.S., A.G.S., and A.A. degree! And, Bellevue University gives you accelerated bachelor's degree completion 100% ONLINE. So, you enroll with your associate's degree, and complete your bachelor's degree in as little as 12 months.
|
|
|
|
|
|
Tags: accounting, business, Business and Management, management, microsoft office, word processing
This entry was posted
on Wednesday, December 12th, 2007 at 11:02 am and is filed under Business and Management.
You can follow any responses to this entry through the RSS 2.0 feed.
Responses are currently closed, but you can trackback from your own site.
