Welcome to Microsoft ® Office Accounting Professional 2007, the complete accounting solution for Microsoft Office users. Office Accounting Professional 2007 provides a comprehensive set of accounting tools that helps you save time, get organized, and grow your business online. Small Business Challenges Running a small business today is more challenging than ever. With limited resources, the business owner is often responsible for managing most of the day-to-day tasks of running the business, including handling the finances. Most business owners recognize that accounting is a vital task, yet the complexity of managing cash flow, payroll, taxes, invoicing, and expenses can be overwhelming. And the daily challenges of simply running a business make it difficult for owners to find the time to get a complete view of the financial health of the business. Most business owners do not have ready access to the financial data they need to assess their business. Essential information is often held by different people and spread across several places in the business such as paper files in file cabinets, e-mail messages, Microsoft Office Word documents, or Microsoft Office Excel ® spreadsheets. General accounting software can help perform key financial tasks, but still does not provide all the answers. Even if the business owner hires an accountant or bookkeeper, gaining relevant information to make business decisions can be costly and time-consuming. The key to managing finances in a small business successfully is to simplify the process and make it easier for the owner and employees to get work done. The owner and employees need a way to collect day-to-day customer and financial data easily from Microsoft Office documents and other sources…

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