MS office is a suite of interconnected desktop programs, applications and services for computer operating systems. It is especially suited for online home business. It was introduced about two decades ago for Windows and Mac OS operating systems. MS office is a powerful tool which has extreme importance in your home based business.It contains multiple office applications like Microsoft word, Microsoft excel and Microsoft PowerPoint which will help business enterprises on everyday basis.Further applications have grown considerably with tools like spellchecker, forms of data integration, publishing features and document formats for small and big business enterprise installations.Statistics indicate that about eight percent of business houses hold the latest MS office installations. MS office skills can help a home based business owner to deal effectively with entrepreneurial requirements of data management with software tools for spreadsheet, documents and word processing.Microsoft Office Applications:- Microsoft word is a word processor program that can be widely used for business applications. It has features such as Fonts, Inserting tables, page breaks, charts, clip art and photo insertion, word art and many formation options.- Microsoft Excel is a spreadsheet program with tools like custom functions, charting features and V-Lookups. The above mentioned tools are very vital for the home based business owners for business developments.Business Presentation Tools:- Microsoft PowerPoint application can be used by proprietors of business ventures to create innovative product or service presentations for clients. For example: It can be employed to deliver an attractive online marketing plan.- PowerPoint as a presentation program and it provides facilities to incorporate images, text and graphics in slideshows. These slideshows can be displayed on-screen by the presenter for work demonstrations. As the owner of a business from home, you may need to make presentations about your products or services to your clients.- PowerPoint is largely used by business proprietors to exceed client expectations and requirements in order to gain product orders. The slides can also be employed for webcasts to reach a larger audience of the target customer base.- Home based business owners can use PowerPoint to save presentations in multiple file formats.Reduction of Operational Tasks:- Desktop publishing application known as Microsoft Publisher offers great user ease with page layouts and design for entrepreneurial issues.- It is seen to have high end capabilities like coloring output, shading and transparency features which can tremendously benefit home based ventures cannot afford to hire professional designers for the preparation of marketing documents.- Microsoft Office Accounting software can be employed for home and small business units that employ a limited number of employees.- Free version of the above mentioned software is available for home business ventures.- Latest version of the above accounting software provides advanced features like tax preparation tools, foreign language packs and report construction instruments are available.To Simplify Communication:- Microsoft outlook can be employed as personal data director and communication software. The features available are calendar, task manager, e-mail and address book.- Microsoft Office communicator can be used to integrate meetings and conferences with clients in real time.- Server applications like Live Small Business, Live Workspace and Live Meeting can vastly benefit the online home based business owners to provide virtual services.