Microsoft Small Business Financials
Encyclopedia
Microsoft Small Business Financials (formerly Microsoft Small Business Manager) is a business accounting software
package. The software is targeting growing small business
es that require more than basic accounting software : with less than 25 employees and less than $10 million of revenue. It is part of Microsoft Dynamics
(formerly Microsoft Business Solutions) family. It is based on Microsoft Dynamics GP
and runs on top of free Microsoft MSDE
or SQL Server Express
database . Microsoft Small Business Financials and Microsoft Dynamics GP
are built on the same platform, so migration to Microsoft Dynamics GP
is very simple and straightforward.
Current version is 9.0.
Please note that as of January 1, 2009 Small Business Financials 9.0 is no longer for sale to new customers
The following features are included with the product:
Additional features that may be purchased separately from Microsoft are:
In October 2008 Microsoft announced that Microsoft Small Business Financials is being discontinued and Microsoft is providing a highly discounted migration path to Dynamics GP.
Accounting software
Accounting software is application software that records and processes accounting transactions within functional modules such as accounts payable, accounts receivable, payroll, and trial balance. It functions as an accounting information system...
package. The software is targeting growing small business
Small business
A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships...
es that require more than basic accounting software : with less than 25 employees and less than $10 million of revenue. It is part of Microsoft Dynamics
Microsoft Dynamics
Microsoft Dynamics is a line of enterprise resource planning and customer relationship management software applications developed by Microsoft. Microsoft Dynamics applications are delivered through a network of reselling partners who provide specialized services...
(formerly Microsoft Business Solutions) family. It is based on Microsoft Dynamics GP
Microsoft Dynamics GP
Microsoft Dynamics GP is a mid-market business accounting software or ERP Software package marketed in North and South America, UK and Ireland, the Middle East, Singapore, Australia and New Zealand. It is used in many additional countries with partner supported localisations. It uses either...
and runs on top of free Microsoft MSDE
MSDE
Microsoft SQL Server Data Engine is a relational database management system developed by Microsoft. It is a scaled-down version of Microsoft SQL Server 7.0 or 2000 which is free for non-commercial use as well as certain limited commercial use...
or SQL Server Express
SQL Server Express
Microsoft SQL Server Express, a freely downloadable and distributable version of Microsoft's SQL Server relational database management system, comprises a database specifically targeted for embedded and smaller-scale applications.- Capabilities :...
database . Microsoft Small Business Financials and Microsoft Dynamics GP
Microsoft Dynamics GP
Microsoft Dynamics GP is a mid-market business accounting software or ERP Software package marketed in North and South America, UK and Ireland, the Middle East, Singapore, Australia and New Zealand. It is used in many additional countries with partner supported localisations. It uses either...
are built on the same platform, so migration to Microsoft Dynamics GP
Microsoft Dynamics GP
Microsoft Dynamics GP is a mid-market business accounting software or ERP Software package marketed in North and South America, UK and Ireland, the Middle East, Singapore, Australia and New Zealand. It is used in many additional countries with partner supported localisations. It uses either...
is very simple and straightforward.
Current version is 9.0.
Please note that as of January 1, 2009 Small Business Financials 9.0 is no longer for sale to new customers
The following features are included with the product:
- FinancialFinance"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
(General ledgerGeneral ledgerThe main accounting record of a business which uses double-entry bookkeeping. It will usually include accounts for such items as current assets, fixed assets, liabilities, revenue and expense items, gains and losses. Each General Ledger is divided into debits and credits sections. The left hand...
with Advanced Financial Analysis) - Banking (Bank reconciliationBank reconciliationA Bank reconciliation is a process that explains the difference between the bank balance shown in an organisation's bank statement, as supplied by the bank, and the corresponding amount shown in the organisation's own accounting records at a particular point in time.Such differences may occur, for...
/Cash flowCash flowCash flow is the movement of money into or out of a business, project, or financial product. It is usually measured during a specified, finite period of time. Measurement of cash flow can be used for calculating other parameters that give information on a company's value and situation.Cash flow...
management) - SalesSalesA sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity....
(Sales orderSales OrderThe sales order, sometimes abbreviated as SO, is an order issued by a business to a customer. A sales order may be for products and/or services. Given the wide variety of businesses, this means that the orders can be fulfilled in several ways...
processing/Accounts receivableAccounts receivableAccounts receivable also known as Debtors, is money owed to a business by its clients and shown on its Balance Sheet as an asset...
) - PurchasingPurchasingPurchasing refers to a business or organization attempting for acquiring goods or services to accomplish the goals of the enterprise. Though there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations...
(Purchase orderPurchase orderA purchase order is a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer. Sending a purchase order to a supplier constitutes a legal offer to buy products or services...
/Accounts payableAccounts payableAccounts payable is a file or account sub-ledger that records amounts that a person or company owes to suppliers, but has not paid yet , sometimes referred as trade payables. When an invoice is received, it is added to the file, and then removed when it is paid...
) - InventoryInventoryInventory means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English...
(Item tracking) - Foundation and Reporting (Report editor, SmartList, Microsoft OfficeMicrosoft OfficeMicrosoft Office is a non-free commercial office suite of inter-related desktop applications, servers and services for the Microsoft Windows and Mac OS X operating systems, introduced by Microsoft in August 1, 1989. Initially a marketing term for a bundled set of applications, the first version of...
Integration) - Integration (Import wizard for / transactionsFinancial transactionA financial transaction is an event or condition under the contract between a buyer and a seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals.-History:...
) - Microsoft SQL Server Desktop EngineMSDEMicrosoft SQL Server Data Engine is a relational database management system developed by Microsoft. It is a scaled-down version of Microsoft SQL Server 7.0 or 2000 which is free for non-commercial use as well as certain limited commercial use...
Additional features that may be purchased separately from Microsoft are:
- Crystal ReportsCrystal Reports-External links:*****Reviews:****...
- Fixed assetFixed assetFixed assets, also known as a non-current asset or as property, plant, and equipment , is a term used in accounting for assets and property which cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, which are described as liquid assets...
s Designer User - Magnetic Media
- US PayrollPayrollIn a company, payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons...
In October 2008 Microsoft announced that Microsoft Small Business Financials is being discontinued and Microsoft is providing a highly discounted migration path to Dynamics GP.