MICROSOFT CORP
SC 13G, 2000-09-11
PREPACKAGED SOFTWARE
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<PAGE>

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549


                                  SCHEDULE 13G



                   Under the Securities Exchange Act of 1934


                             CheckFree Corporation
--------------------------------------------------------------------------------
                                (Name of Issuer)

                         Common Stock, $.01 par value
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   162813109
                        ------------------------------
                                 (CUSIP Number)

                               September 1, 2000
--------------------------------------------------------------------------------
            (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this schedule
is filed:

     [_] Rule 13d-1(b)

     [X] Rule 13d-1(c)

     [_] Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>

  CUSIP No.: 162813109
             ---------


------------------------------------------------------------------------------
      NAME OF REPORTING PERSONS.
 1
           Microsoft Corporation

      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           ---------------------

------------------------------------------------------------------------------
      CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 2                                                              (a) [_]
                                                                (b) [_]
------------------------------------------------------------------------------
      SEC USE ONLY
 3

------------------------------------------------------------------------------
      CITIZENSHIP OR PLACE OF ORGANIZATION
 4
          State of Washington
------------------------------------------------------------------------------
                          SOLE VOTING POWER
                     5
     NUMBER OF                8,567,250

      SHARES       -----------------------------------------------------------
                          SHARED VOTING POWER
   BENEFICIALLY      6
                               -0-
     OWNED BY
                   -----------------------------------------------------------
       EACH               SOLE DISPOSITIVE POWER
                     7
    REPORTING                 8,567,250

      PERSON       -----------------------------------------------------------
                          SHARED DISPOSITIVE POWER
       WITH          8
                              -0-

------------------------------------------------------------------------------
      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 9
         8,567,250
------------------------------------------------------------------------------
      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
                                                                    [_]
------------------------------------------------------------------------------
      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
         11.3%
------------------------------------------------------------------------------
      TYPE OF REPORTING PERSON
12
         CO
------------------------------------------------------------------------------


                                       2
<PAGE>

Item 1

     (a) Name of Issuer: CheckFree Corporation (the "Issuer")

     (b) Address of principal executive offices of Issuer: 4411 E. Jones Bridge
         Road, Norcross, Georgia 30092


Item 2

     (a) Name of Persons Filing: Microsoft Corporation ("Microsoft")

     (b) Address of Principal Business Office: One Microsoft Way, Redmond,
         Washington 98052

     (c) Citizenship: Microsoft is a corporation under the laws of the State of
         Washington

     (d) Title of Class of Securities: Common Stock, $.01 par value

     (e) CUSIP Number: 162813109


Item 3.  Not applicable.


Item 4.  Ownership.

     (a)  Amount beneficially owned: 8,567,250

     (b)  Percent of class: 11.3%

     (c)  Number of shares as to which the person has:

          (i)   Sole power to vote or to direct the vote 8,567,250

          (ii)  Shared power to vote or to direct the vote -0-

          (iii) Sole power to dispose or to direct the disposition of 8,567,250

          (iv)  Shared power to dispose or to direct the disposition of -0-


Item 5.  Ownership of Five Percent or Less of a Class: Not Applicable


Item 6.  Ownership of More than Five Percent on Behalf of Another Person: Not
         Applicable


Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on By the Parent Holding Company: Not
         Applicable


Item 8.  Identification and Classification of Members of the Group: Not
         Applicable


Item 9.  Notice of Dissolution of a Group: Not Applicable

                                       3
<PAGE>

Item 10. Certification

         By signing below I certify that, to the best of my knowledge and
         belief, the securities referred to above were not acquired and are not
         held for the purpose of or with the effect of changing or influencing
         the control of the issuer of the securities and were not acquired and
         are not held in connection with or as a participant in any transaction
         having that purpose or effect.


                                   SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                              September 11, 2000
                                              ----------------------------------
                                              Date



                                              MICROSOFT CORPORATION


                                              By: /s/ Robert A. Eshelman
                                                 -------------------------------
                                                 Robert A. Eshelman, Assistant
                                                 Secretary


                                       4


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