Bookkeeping Pricing Packages & Plans Bench Accounting
Founded in 2012, Bench has quickly become a popular choice for small business owners looking to outsource their bookkeeping tasks. The company’s mission is to simplify financial management, allowing entrepreneurs to focus on growing their businesses rather than getting bogged down in numbers. This comprehensive Bench Accounting review aims to provide what are retained earnings an in-depth look at one of the leading online bookkeeping services available to small businesses and entrepreneurs. We’ll explore Bench’s features, pricing structure, user experience, and how it compares to alternatives in the market. 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. You can access your income statement, balance sheet, and other reports that are fully customizable.
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Customer reviews
Two of the platform’s biggest drawbacks is that it doesn’t offer a mobile app for Android. Plus, the fact that it doesn’t integrate with QuickBooks or any other software means it is difficult to switch providers. Other reviewers said that they wished that it was possible to use the service for bill payment and invoicing. One user also commented that there is a learning curve with the reports but that Bench is quick to assist. Also, it doesn’t have financial planning services like investment and business expansion.
- Perfect books No need to second guess whether your bookkeeping is done correctly.
- Partnering with Gusto while you’re a Bench customer will give you a 30% discount on their services.
- Overall, for the small business owner on a budget, Bench is a great solution to your bookkeeping woes.
- Bench mostly provided basic “modified cash-basis” books and basic (focused on the filings, not on tax optimization) corporate income tax prep, with limited support via a chat system.
- Plus, the fact that it doesn’t integrate with QuickBooks or any other software means it is difficult to switch providers.
- You’ll also have access to the IRS forms you need to file; the reports give you what you need to file.
- For 1099s, you need to know what you paid all of your 1099-eligible vendors.
What will my Bench bookkeeper do on a monthly basis?
One of Bench’s best features is the assignment of a dedicated bookkeeping bench accounting team to each client. This team, led by a senior bookkeeper, manages your financial records, ensuring accuracy and consistency. The human touch sets Bench apart from purely software-based solutions. Bench helps small business owners like you save time and money doing your bookkeeping and income taxes. That means if you want to scale and change providers in the future, you’ll have some trouble. Other providers use Quickbooks Online to make it easier to transfer your bookkeeping services to another provider.
I have a specific situation where I urgently need up-to-date books. What do I do?
I did have some trouble getting it to load all my transactions for multiple accounts. Once they loaded in, I could open each of them for input to share with my bookkeeper. Danielle Bauter is a writer Partnership Accounting 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.
General Ledger & Chart of Accounts
It helps you manage employees’ information, benefits, and deductions. A common theme among negative reviews is the lack of responsiveness from customer support. One user commented recently that they don’t follow up in a timely manner, and another shared that you can never get ahold of anyone when you need them, only by appointment days later.
