Bench Accounting Review: Pricing, Features, Alternatives

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If you’re running a business, I highly suggest looking elsewhere. Bench Accounting is a great option if you lack in-house accountants or don’t want to purchase or learn how to use accounting software. Bench bookkeepers are trained professionals, so you can be sure that your books are well taken care of, at a fraction of the cost of hiring a local certified public accountant (CPA). Once your bookkeeper wraps up your books every month, the information is reviewed by an in-house support team that ensures accuracy. Also, they never make assumptions about your business, preferring instead to reach out with any questions.

They also like the ability to access Bench from anywhere when on the go and its tax and consulting services. There are some times that we’ll request documents from you (like account statements or receipts), just to ensure the information we have is correct. If you need to share files with your bookkeeping team, it’s as simple as uploading a file.

Gusto for Payroll

Here’s how you can tell what the status of your books is and how you can best use the financial information at each stage. The developer will be required to provide privacy details when they submit their next app update. The developer, Bench Accounting, Inc., has not provided details about its privacy practices and handling of data to Apple. This provides a summary of your assets, liabilities, and equity at a given point in time. This report shows the areas of your business where you spend the most money. You can add any amount of Catch Up bookkeeping to a standard Bench plan.

The Message tab enables you to send and receive messages from your assigned bookkeeper. Bench also offers a pay-as-you-go option, which is available for $349 per month on the Essential plan. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page.

Need Extra Support?

Gusto files local, federal, and state payroll taxes automatically and generates W-2s. It helps you manage employees’ information, benefits, and deductions. With our resources and expert team, you’ll also get a full understanding of IRS requirements for mixing personal and business transactions based on your corporate entity. QuickBooks, Xero and other do-it-yourself bench accounting login bookkeeping software give you a tool to do your own bookkeeping and taxes. 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. To learn more about Bench’s financial reports that you can use for daily, monthly, or yearly decision making check out this article.

For an additional fee, Bench’s bookkeepers can provide overdue bookkeeping services, depending on how far you’ve fallen behind on your books. If you’re less than two years behind on your bookkeeping, you’ll need the catch-up bookkeeping add-on. Your bookkeeper will update your books accordingly on your behalf. If you’re behind on your books for more than two years, Bench offers a special program called Bench Retro. Bench Accounting is best for freelancers and small businesses with basic bookkeeping needs, such as providing cash-basis financial statements for tax return preparation. It’s an ideal solution if you have limited time or want to outsource your books to a certified bookkeeper so that you can focus on the other aspects of your business.

Why do I have to connect my accounts to Bench?

By connecting your accounts with Plaid, Bench will be able to automate the inflow of your financial data and get your books ready faster. Not only does it make it much faster for your bookkeeper to get your books ready, it also helps you avoid the need to manually upload statements each month. The best online bookkeeping service should offer a wide range of bookkeeping solutions, including catch-up bookkeeping, invoicing, bill pay, bank reconciliation, payroll, and tax filing. 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.

• The service starts at $200 per month and requires a one-time cleanup fee.
• By connecting your accounts with Plaid, Bench will be able to automate the inflow of your financial data and get your books ready faster.
• Bench gives you a dedicated bookkeeping 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.
• Gusto files local, federal, and state payroll taxes automatically and generates W-2s.
• 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.
• During this stage, we do most categorizations for you in the background.