Small Business Financials
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Small Business Financials
Microsoft Small Business Financials (formerly Microsoft Small Business Manager) is a business accounting software package. The software is targeting growing small businesses that require more than basic accounting software: with fewer 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. The current version is 9.0. 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: * Financial (General ledger with Advanced Financial Analysis) * Banking (Bank reconciliation/Cash flow management) * Sales (Sales order processing/Accounts receivable) * P ...
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Accounting Software
Accounting software is a computer program that maintains accounting, account books on computers, including recording Financial transaction, transactions and Balance (accounting), account balances. It may depend on virtual thinking. Depending on the purpose, the software can manage budgets, perform accounting tasks for multiple currencies, perform payroll and customer relationship management, and prepare financial reporting. Work to have accounting functions be implemented on computers goes back to the earliest days of electronic data processing. Over time, accounting software has revolutionized from supporting basic accounting operations to performing real-time accounting and supporting financial processing and reporting. Cloud accounting software was first introduced in 2011, and it allowed the performance of all accounting functions through the internet. Modules Accounting software is typically composed of various modules, with different sections dealing with particular areas ...
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Accounts Receivable
Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for. The accounts receivable process involves customer onboarding, invoice, invoicing, collections, deductions, exception management, and finally, cash posting after the payment is collected. Accounts receivable are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for good (economics), goods and Service (economics), services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes. Accounts receivable can impact the liquidity of a company. Overview Accounts receiva ...
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Microsoft Office Accounting
Microsoft Office Accounting (formerly Small Business Accounting) is a discontinued accounting software application from Microsoft targeted towards small businesses that had between 1 and 25 employees. The last version, Microsoft Office Accounting 2009, was available in both ''Express'' and ''Professional'' editions. It included several new features, including tax preparation add-ins, 20 new reports and a Spanish language pack. On 16 November 2009, Microsoft discontinued its distribution of the Microsoft Office Accounting product line in the US and UK. Licensees are to receive mainstream and extended product support from Microsoft or one of its partners through January 2022. Express edition Microsoft Office Accounting Express was the freeware version of Accounting, made available for download and also being distributed in certain editions of Microsoft Office 2007, including ''Professional'', ''Small Business'' and ''Ultimate'' editions. This free version did not support local requ ...
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Payroll
A payroll is a list of employment, employees of a company who are entitled to receive compensation as well as other work benefits, as well as the amounts that each should obtain. Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including Salary, salaries and wages, Bonus payment, bonuses, and Withholding tax, withheld taxes, or the company's department that deals with Remuneration, compensation. A company may handle all aspects of the payroll process in-house or can outsource aspects to a payroll processing company. Payroll in the U.S. is subject to federal, state and local regulations including Fair Labor Standards Act of 1938, employee exemptions, Records management, record keeping, and Taxation in the United States, tax requirements. In recent years, there has been a significant shift towards cloud-based payroll solutions. These platfor ...
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Fixed Asset
Fixed assets (also known as long-lived assets or property, plant and equipment; PP&E) is a term used in accounting for assets and property that may not easily be converted into cash. They are contrasted with current assets, such as cash, bank accounts, and short-term debts receivable. In most cases, only tangible assets are referred to as fixed. While IAS 16 (International Accounting Standard) does not define the term ''fixed asset'', it is often colloquially considered a synonym for property, plant and equipment. According to IAS 16.6, property, plant and equipment are tangible items that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes and (b) are expected to be used during more than one period. Fixed assets are of two types: * those which are purchased with legal right of ownership (in the case of property, known as ''freehold assets''), and * those for which the owner has temporary ownership ri ...
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Crystal Reports
Crystal Reports is a business intelligence application marketed to small- and medium-sized businesses by SAP. History Terry Cunningham and the Cunningham Group originated the software in 1984. Crystal Services Inc. marketed the product (originally called "Quik Reports") when they could not find a suitable commercial report writer for an accounting software they developed add-on products for, which was Sage 300, ACCPAC Plus for DOS (later acquired by Sage Group, Sage). After producing versions 1.0 through 3.0, Crystal Services was acquired by Seagate Technology in 1994. Crystal Services was combined with Holos (software), Holistic Systems to form the Information Management Group of Seagate Software, which later rebranded as Crystal Decisions and produced versions 4.0 through 9.0. Crystal Decisions was acquired in December 2003 by BusinessObjects, which produced versions 10, 11 (XI) and version 12 (2008). SAP acquired BusinessObjects on October 8, 2007, and released Crystal Repor ...
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Financial Transaction
A financial transaction is an Contract, agreement, or communication, between a buyer and seller to exchange goods, Service (economics), services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. A financial transaction always involves one or more financial asset, most commonly money or another valuable item such as gold or silver. There are many types of financial transactions. The most common type, purchases, occur when a good, service, or other commodity is sold to a consumer in exchange for money. Most purchases are made with cash payments, including Cash, physical currency, debit cards, or cheques. The other main form of payment is credit, which gives immediate access to funds in exchange for repayment at a later date. History There is no evidence to support the theory that ancient civilizations worked on systems of barter. Instead, most historians believe that ancient cultures worked on princi ...
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Microsoft Office
Microsoft Office, MS Office, or simply Office, is an office suite and family of client software, server software, and services developed by Microsoft. The first version of the Office suite, announced by Bill Gates on August 1, 1988, at COMDEX, contained Microsoft Word, Microsoft Excel, and Microsoft PowerPoint — all three of which remain core products in Office — and over time Office applications have grown substantially closer with shared features such as a common spell checker, Object Linking and Embedding data integration and Visual Basic for Applications scripting language. Microsoft also positions Office as a development platform for line-of-business software under the Office Business Applications brand. The suite currently includes a word processor (Word), a spreadsheet program ( Excel), a presentation program ( PowerPoint), a notetaking program ( OneNote), an email client ( Outlook) and a file-hosting service client (OneDrive). The Windows version includes ...
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Inventory
Inventory (British English) or stock (American English) is a quantity of the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials. The concept of inventory, stock or work in process (or work in progress) has been extended from manufacturing systems to service businesses and projects, by generalizing the definition to be "all work within the process of production—all work that is or has occurred prior to the completion of production". In the context of a manufacturing production system, inventory refers to all work that has occurred—raw materials, partially finished products, finished products prior to sale and departure from the manufacturing ...
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