Yesterday the Redmond Company has announced the launch of Microsoft Money Essentials. The service is designed to provide a comprehensive financial management tool and aims to respond to the needs and problems of the average online banking clients. The service centralizes all financial data from various accounts at different banks to a single location complete with budget monitoring tools.

"Microsoft Money Essentials was designed to give consumers all the benefits of using personal financial software with none of the work," said Anne Quaranta, senior product manager for Microsoft Money. "With tools that help consumers understand where their money goes without having to invest a lot of time, Money Essentials makes getting in financial shape as easy as shopping online or sending an e-mail."

Microsoft Money Essentials combines checking, savings, credit accounts and brokerage data, covering more than a reported 1,000 banks and presents relevant information to the users through an easy to use and intuitive interface. The client will be able to keep track of his financial transactions and to organize his resources accordingly.

The Redmond Company also provides two additional services. Microsoft Money 2007 Deluxe, Microsoft Money 2007 Premium and Microsoft Money 2007 Home & Business complete with extra features but dedicated to more specialized financial management. Microsoft Money Essentials costs only $19.99.

Microsoft Money 2007 16.0.10.705 was tested by Softpedia as being 100% Clean and is available for download here.