What are Monthly Bookkeeping Packages Bench Accounting

By the time you finish reading, you’ll know if Bench lives up to the hype or if another bookkeeping solution is your answer. Save time & money by hiring the experts in business accounting. We can add a catch up service to your account so you’re squared away. Developing Custom Accounting Software For Business and Quickbooks – The Complete guide to master bookkeeping and accounting for small business.

Features and Integrations

Adding a printer for hard copies of invoices and reports, as well as a high-quality scanner for digitizing receipts and essential documents, can bolster your setup. If you’re not ready to link bank accounts and share information, you can walk through the software using demo data, which is something I really appreciated as a user. When you’re ready to file, your dedicated Tax Coordinator will collect all necessary documents and forms. Then your Bench Tax Advisor will facilitate the preparation, review bench accounting login and filing of your income tax return on time, every time. We’ll do a month of your bookkeeping in one business day, and deliver a set of financial statements for you to keep. The Bench platform gives you monthly financial statements and expense overviews to keep you in control of your money.

Financial Reporting

• While many reviews speak highly of Bench and how it lets them focus on running their business, some complain of missed deadlines and slow feedback from their bookkeepers.
• Deciding to use cash or accrual accounting is a crucial consideration for small businesses, as each method offers distinct advantages …
• At-a-glance visual reports help you see the big picture and give you actionable insights to help you grow your business.

Each month, we may check in with you to ensure your books are accurate and your deductions are maximized. Bench’s core product is online bookkeeping software paired with in-house bookkeepers. Bench simplifies your small business accounting by combining intuitive software that automates the busywork with real, professional human support. In evaluating Bench Accounting for your bookkeeping needs, the platform offers a range of services that streamline the financial management process. Bench is an online accounting software tool designed to help small business owners save time and money when it comes to bookkeeping and taxes.

Integrations, Compatibility, & Supported Platforms

• The interface is designed for ease of use, ensuring that even those with little accounting experience can navigate it effectively.
• Our bookkeeping software and team of experts handle most of the work, making bookkeeping simple for you.
• The magic happens when our intuitive software and real, human support come together.
• Here are 11 alternatives to explore, each with a different emphasis in supporting your small business finances.
• I’ve been able to link the reports to my card processing software and bank, and get updates as they have questions.

In this Bench review, I take a look at the most prominent features, pricing, and other details to help you get your questions answered. As of August 2019, Bench announced BenchTax in partnership with Taxfyle17 in order to provide tax preparation and filing for clients. Your Bench Tax Advisors are available year-round, and will answer your questions in two business days or less. We’re still on hand to support you, and can give recommendations based on your unique business needs. For S-Corps, C-Corps, and Partnerships, you can add-on personal filing for one partner or shareholder for just $59/mo when billed annually or $69/mo when billed monthly.

Once I installed the app, I could log in to my Bench account, load my financial data, and replace the demo data. From there, I could quickly integrate my bank accounts and download the Bench app from the Stripe App Marketplace to make integrating my account a cinch. If you’re just testing something to see if it will work for you, connecting all your bank accounts is quite a hassle, only to discover later it’s not what you expected it to be.

Quickbooks and Xero

Get intuitive software that syncs directly with your small business accounts to deliver tidy, perfect books each month. By ensuring all these elements are in place, your bookkeeping operations will run smoothly, paving the way for better financial management and informed business decisions. A stable internet connection is vital for cloud-based bookkeeping tools and real-time financial data updates. Equally important are robust security measures, including antivirus software, firewalls, and secure passwords, to protect your financial data from cyber threats.

Moreover, Bench offers a cash flow visualization tool, which gives a clearer picture of how money moves in and out of your business. This feature is particularly valuable for high-growth businesses needing to manage their cash flow effectively. If you need help with payroll, you’ll need to invest in another service. Bench themselves recommend using Gusto, and if you do, you’ll get a 30% discount on Gusto’s services since Bench is a partner. Akuonto is an all-in-one bookkeeping and accounting software that also handles invoicing and expense tracking.

When you know how to read your financial statements, you can find ways to increase your profit and catch problems before they grow. Bench gives you a dedicated team so you have a direct line to your own experts on desktop or mobile–professional support is just a few swipes, taps, or clicks away. If you sign up for an annual contract and pay for the year upfront, your price for the Essentials plan breaks down to $249/month. If you need the Premium plan, you’ll pay either $399 or $499 monthly based on whether you choose monthly or annual billing. When he couldn’t reach me upon the first call, he called back a couple of times until I answered, and he was helpful once I connected with him on the call.

Bench offers several pricing tiers depending on your company’s monthly expenses. Packages begin at a reasonably accessible rate for small businesses and scale up for more extensive enterprises. Each package includes a dedicated bookkeeper, and the more expensive plans offer additional features such as one-on-one tax consultations and financial reporting. It’s essential to weigh these costs against the potential time and effort saved. Comparing Bench with other bookkeeping services in the market can provide further insight.

See your business’s financial health at a glance, and stay in control of cash flow. Easily see your updated financial data every time you log in. With real-time insights, you can make on-the-fly decisions about where to spend and where to save, helping your business stay on budget. If you are an entrepreneur or the owner of a high-growth business, Bench Accounting can be a valuable asset. With its robust set of features and positive customer reviews, it stands out as a reliable choice for managing your accounting needs. Whether you seek to streamline your financial processes or gain deeper insights into your business’s financial health, Bench likely has a package that suits your requirements.

We take care of the tedious bookkeeping work, you get more time to focus on what you care about—helping your business succeed. No waiting for hours on hold—just helpful customer service from real people. Message your team any time, or book a call whenever you like.

I find the monthly reports easy to understand and its given me a much clearer picture of my numbers. Our bookkeeping software and team of experts handle most of the work, making bookkeeping simple for you. However, there are some things about your business only you can provide, like uploading certain documents and sharing context for categorizing transactions.