I just downloaded and installed the free version of MS Acctg Express 08 and
set it up for my s corp. It works great. The reporting is much better than
Quicken H&B, especially with the integration with Excel and Word. It also
feels like real software.
I still have Quicken H&B, but my biggest complaint about Quicken H&B is that
the fields are small, some columns cannot be adjusted in the register views,
and dialog boxes cannot be resized (New Invoice dialog).
Quicken H&B works fine for a sole prop, which I used to have as my business
structure, and was using Quicken H&B for it for the last 2+ years.
But if you want true double-entry accounting with balance sheet and P&L for
a corp, Quicken H&B is a little more cumbersome.
The only thing that is a little confusing with MS Acctg Express 08 is the
cash basis accounting. I had to set up the credit card liability accounts and
payroll account as cash basis so that the expense items appear in the cash
basis P&L. MS Acctg Express 08 documentation doesn't do a great job at
explaining how to use the cash basis settings.
The fact that it is free makes it a no-brainer.