Microsoft adds to accounting software

C|Net | at | by Mike

Microsoft has revamped its financial management applications for midsized businesses with new features designed to track project costs. The Redmond, Wash., software maker said Tuesday that it has begun shipping Solomon 5.5, an update to the business application suite that it gained when it acquired Great Plains in 2001. The new programs come out of the Microsoft Business Solutions unit, which focuses on selling business-management applications to small and midsized businesses, competing with SAP, Oracle, PeopleSoft and Best Software, among others.