Intuitive software powered by expert bookkeepers Bench Accounting

Your quick responses will ensure we can get your books ready on time and accurately. Bench could work well for freelancers or small businesses that have easy monthly bookkeeping. But if yours is more complicated, you might look into other accounting software options besides Bench accounting.

You’ll also have access to a tax professional to help you make tax preparation and filing easier. At this step you might need to upload additional documents, re-connect accounts, or categorize transactions. As the owner or manager of the business, you have a deeper understanding of the nature of your business transactions. Some transactions might be unique or complex, and your insights can help your bookkeeping team categorize them accurately. They have been very helpful and I appreciate having them take on the work of managing the books. It’s saved me 3-5 hours monthly and the stress come tax time- bench do it all for me.

Bench Accounting Review 2023

This could make it difficult to switch bookkeeping services later. It does, however, allow you to download Excel files of historical data, which can be uploaded to other programs. But moving the information and verifying it was done correctly can take time.

Upon enrollment, you’ll be paired with your own dedicated bookkeeper. If you need to contact your bookkeeper, you can book a call or message them directly through the app. One of the most appealing features of Bench is that you have access to unlimited support, no matter which plan you choose. The functionality of the platform could be especially useful for businesses that have a lot of transactions, like e-commerce or restaurant businesses.

Bookkeeping Status Overview

If Bench’s lack of accounting integrations is a concern, instead consider QuickBooks Online with QuickBooks Live full-service bookkeeping added on. In general, the QuickBooks platform is more scalable and widely used among accountants, so it could be a better solution for a rapidly growing business. The service starts at $200 per month and requires a one-time cleanup fee. QuickBooks Online is an additional monthly cost, starting at $30. To maintain accurate books and capture more tax deductions, we make it easy to add business transactions from your personal accounts to Bench. You can also book a call with your bookkeeper (or send them a message) whenever you’d like.

Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. Danielle Bauter is a writer for the Accounting division of Fit Small Business. She has owned Check Yourself, a bookkeeping and payroll service that specializes in small business, for over twenty years.

How We Evaluated Bench Accounting

There’s no extra fee or hourly charges for support, and you’re welcome to reach out to them whenever you have a question. When your books are completed, your dedicated tax coordinator will help you track down forms to help you simplify the filing process. Bench partners with Taxfyle for filing your return at the end of the year. Bench Accounting integrates with Gusto to help you manage your payroll transactions.

We evaluated whether the online bookkeeping service offered tax and consulting, and the scope of those services. For an additional fee, Bench provides overdue bookkeeping services and can finish a year’s worth of bookkeeping in about two to four weeks. This could be helpful if you’ve been behind on your books all year and tax deadlines are approaching. Using Bench is different bench accounting login from having a subscription to accounting software like QuickBooks Online or Xero. These products can streamline tasks like reconciling accounts and categorizing transactions, but they don’t take bookkeeping off your plate completely like Bench does. Unlike accounting software, however, Bench doesn’t offer tools for invoicing, inventory management or bill payment.

She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners. She also regularly writes about business for various consumer publications. We consider the opinions of users and the service’s ratings on various review sites. These criteria were disregarded for providers where no reviews were found.

Your team of bookkeeping experts review your transactions and prepare financial statements every month. This is essentially an extremely overpriced version of QuickBooks Online. You never truly have a dedicated bookkeeper, as they’re constantly changing. The software integration is subpar and consistently disconnects. You will spend more time, effort, and money by signing up with Bench.