MS Ships Small Business Accounting Software

Reuters | at | by Mike

Microsoft Corp. on Monday said it was shipping its accounting and payroll software for small businesses. With the release, the company is taking aim at Intuit Inc., the maker of the popular QuickBooks small business software, and Oracle Corp., which recently beefed up its small business management software portfolio with Web-based products from NetLedger.

The new Microsoft product, called Small Business Manager, uses technology from the software giant's Great Plains Software Inc. acquisition earlier this year and is designed for businesses with fewer than 25 employees and less than $5 million in annual revenue.