Hosted accounting solutions have joined the ranks of reliable online financial management and enterprise resource planning software (ERP) in helping large, medium, and small-sized businesses meet their bottom line. Application service providers (ASP) allow any sized enterprise to connect through its existing network, granting all members of the organization--or a designated subset--instant access to critical financial data.

With the price of individual user licenses for financial software often outstripping the budgets of small or medium-sized businesses, hosted accounting solutions provide a great alternative, lending a balance of affordability, 24x7 support, and built-in security. Other immediate advantages include reduced internal IT and operating costs, easy integration, and experienced management and staff software training--all without having to bring additional personnel onboard.

Easy Software Access and Accounting Support
A hosted accounting software program can be made available to designated employees through a standard Internet browser and encrypted password system. Your financial data is saved and backed up onto your ASP host server. Your entire enterprise now has a centralized financial management system, a data repository, tools for project tracking, accounting records reporting, and instant database analysis available at any time your employee logs in.

Depending on the solution that best matches your budget and business scale, your hosted accounting software can include logging and tracking tools for invoicing, expense reporting, accounts payable and receivable, ledgers, payroll, and check writing across the enterprise.