The service starts at $200 per month and requires a one-time cleanup fee. QuickBooks Online is an additional monthly cost, starting at $30. For an additional fee, Bench provides overdue bookkeeping services and can finish a year’s worth of bookkeeping in about two to four weeks.
Difficult to switch providers
She has also held editing roles at LearnVest, a personal finance startup, and its parent company, Northwestern Mutual. She uses the skills she learned from her master’s degree in writing to provide guidance to small businesses trying to navigate the ins-and-outs of financing. Previously, she ran a writing business for three years, and her work has appeared on sites like Business Insider, VaroWorth, and Mission Lane. See how your business is doing in past months and in real-time, so you can master your spending and make smarter decisions with your money. We take care of the tedious bookkeeping work, you get more time to focus on what you care about—helping your business succeed. Danielle Bauter is a writer for the Accounting division of Fit Small Business.
Powerful financial reporting
Sign up today and we’ll do one prior month of your bookkeeping and prepare a set of financial statements for free, valued at $299. At tax time, we send a package with everything you need to file. Those who left a Bench Accounting review on third-party sites said that the platform is easy to use and that the user interface is very intuitive. They also like the ability to access Bench from anywhere when on the go and its tax and consulting services. Plaid supports over 12,000 financial institutions around the world, but from time to time we discover some that are not yet supported.
Simplify your small business bookkeeping with Bench.
Bench Accounting’s mobile app is available for iOS users and provides financial reporting functionality and real-time cash flow updates. It also gives you the ability to check accounts, vendors, spending categories, dates, credit, and more to ensure that your business is on track. As of this writing, there’s no mobile app for Android devices. This https://www.bookstime.com/ step marks the beginning of the monthly accounting process. We collect raw financial data from your connected bank and credit card accounts, merchant or payroll processors, monthly statements, and other important financial documents. Plaid is a platform that lets you securely connect your financial accounts to Bench in a matter of seconds.
Also, you can access the Bench app to chat with customer support representatives — although there is only an Apple iOS app available at this time. No waiting for hours on hold—just helpful customer service from real people. By clicking ‘Get Started’, I agree to Bench’s Terms & Privacy Policy.
Get started with America’s trusted bookkeeping service
With insight ready books you will have a complete picture of how much money has come in, how much went out, and can make day-to-day business decisions with confidence. Small adjustments may still be made later by your bookkeeper, before the books are fully complete. In this phase, we make the necessary adjustments and reconcile transactions to ensure accuracy and completeness. These may include adjustments for merchant fees, loan interest, and payroll, among others, to capture your expenses and revenue fully and make sure your books are compliant for future tax filing. This is the more complex stuff that often gets missed when people do the books themselves.
Bench’s Essential plan includes the preparation of a year-end financial package needed to file your taxes. To make taxes more hassle-free, you can upgrade to the Premium tier, which includes unlimited bookkeeping and tax support. Premium also has filing bench accounting login for sole proprietors, contractors, and businesses (S-corps, C-corps, and partnerships). The Accounting tab on your dashboard provides you with real-time updates of your financials, showing exactly how much money you have and how you’re spending it.
- Our licensed tax professionals are on hand for all your tax planning needs.
- Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you.
- The end result is a set of accurate financial statements—an income statement and a balance sheet.
- Gusto files local, federal, and state payroll taxes automatically and generates W-2s.
- QuickBooks, Xero and other do-it-yourself bookkeeping software give you a tool to do your own bookkeeping and taxes.
- Consistent check-insWe’ll reach out regularly with bookkeeping updates.
