Bench co Bookkeeping Review: Is Bench Accounting Worth it?

bench accounting pricing

Other users said that they wished that it was possible to use the service for bill payment and invoicing. Those who left a Bench Accounting review on third-party sites said that the bench accounting login 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.

Bench Accounting Tax & Consulting Services

Your bookkeeper will categorize transactions, reconcile accounts, and prepare reports on your behalf. You’ll also be granted access to an online application that allows you to view the status of your financial data and communicate with your bookkeeper. Crystal clear financial statements and reportsSee what your money is up to and get financial insights on your own timeline. Bench is a bookkeeping and accounting service that connects small business owners with financial experts. You’ll connect your bank accounts to your Bench bookkeeping account and your dedicated bookkeepers will receive a read-only version of the information.

bench accounting pricing

Step 2: Get financial insights in real-time

After I entered some basic information about my company, the number of employees and contractors, and monthly revenue, I could start my account. I tested it with Stripe, and it worked well, but as with my bank account, it did take some time to pull in all the information and categorize it. That’s not to say other merchant processors won’t work – it just means you’ll need to take a few minutes to speak with your bookkeeper to get the required reports.

Bench Accounting Review: Features, Pricing, & Alternatives

It’s a web-based application, so you can access it from anywhere with an internet connection. Bench has a dedicated iOS app for Apple users, but Android users are out of luck as of this review in December 2023. If you’re looking for an all-in-one bookkeeping and payroll tax management solution, Bench isn’t for you. Bench offers basic financial reporting with an income statement and a balance sheet.

Financial Reporting

bench accounting pricing

However, Bench isn’t a good fit for businesses that may need to scale or switch providers later on, since it operates on proprietary software that doesn’t sync with commonly used accounting software. It’s best for freelancers or small businesses with relatively straightforward financials. For assistance with selecting the best online bookkeeping service for your business, check out our article on how to choose a virtual bookkeeper. And since tax time stress isn’t limited to tax season, year-round tax advisory services comes standard.

  • Bench also offers a pay-as-you-go option, which is available for $349 per month on the Essential plan.
  • They also provide visual reports that display your revenue, expenses, and profit over time, and help you to file your taxes.
  • Every month your dedicated Bench online bookkeeper provides you with a clear, accurate income statement and balance sheet, so you can easily monitor your earnings and expenditure.
  • For S-Corps, C-Corps, and Partnerships, you can add-on personal filing for 1 partner or shareholder for just $59/mo when billed annually or $69/mo when billed monthly.
  • We’ll do a month of your bookkeeping in one business day, and deliver a set of financial statements for you to keep.
  • Bench does have many attractive features, such as catch-up bookkeeping, unlimited support, and a robust mobile app.
  • Bookkeepers are available Monday through Friday during ”normal business hours PST,” according to Bench’s website.

Small Business Accounting Software That Makes Billing Painless

  • Bench configures your partnership by pairing you with a bookkeeper.
  • You’ll also have access to a tax professional to help you make tax preparation and filing easier.
  • She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners.
  • QuickBooks Live will manage your bank feeds and reconcile your accounts for a low monthly price while Bench offers the same services—plus tax and financial advice for a higher monthly fee.
  • Every plan comes with unlimited support from a dedicated bookkeeping team and intuitive software to track your financials.
  • For an additional fee, Bench’s bookkeepers can provide overdue bookkeeping services, depending on how far you’ve fallen behind on your books.

Our licensed tax professionals are on hand for all your tax planning needs. With check-ins throughout the year, your tax team leaves no deductions behind. They also make adjustments to your books to ensure they’re tax-compliant. If you’re looking to completely outsource your business bookkeeping, there’s no doubt Bench is going to be a top solution for you. With Bench, you can rely on your team of bookkeepers to take care of your essential bookkeeping processes, as well as related financial tasks like tax preparation and reporting.

  • At the end of each month, your bookkeeper delivers accurate, up-to-date financials.
  • 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.
  • No waiting for hours on hold—just helpful support from real people.
  • After selecting your bank or credit card issuer, you must enter your account login information and choose the accounts you want to share with Bench.
  • Even with the Simple Start plan, QuickBooks offers a range of features that Bench does not—from mileage tracking to invoicing to accepting payments.
  • In this review of Bencg, I’ve followed SMB Guide’s detailed criteria for evaluating the bookkeeping software.

Business Consulting: Wins

bench accounting pricing