However, they were unhappy with the level of financial statements customization and categorization provided by Bench within these reports. You’ll be pleased to know you won’t have to contact your bookkeeper every time you want a status report of your financials. Bench’s software provides a feature that acts as a progress tracker so you can gauge where accounts are during the completion process. We have worked with many clients who have switched from Bench to Xero. While we did have to go back and recreate our clients’ accounting file, this didn’t overburden us with work and we didn’t have to stress our clients with additional cost. Thankfully Xero has cash coding, which allows us to enter transactions in bulk- saving us time and effort.

Users also note that the Bench team is extremely knowledgeable, helpful, and goes above and beyond to provide great service. Connect your accounts and credit cards to Bench, and you’ll see every transaction, account, and spending trend—in one place. Just everything you need on one screen, in real-time. For those that have fallen behind on their bookkeeping, Bench offers historical bookkeeping services which can help you get caught up. Because of this feature, we rate Bench as the best online bookkeeping service for companies that are behind on their bookkeeping. There’s no need to manually send any documents to Bench since your company’s financial accounts are linked to your Bench account. The Bench team will complete your bookkeeping within 15 business days, giving them enough time to make any adjustments before the end of the month.

years and counting with Bench!

In terms of tax filing, Bench bookkeepers will do all the heavy lifting for you and send you the end product. You can then simply go and declare your tax at tax time. However, the option is there to get Bench to do it for you through the aptly named BenchTax. Cloud-based accounting software, such as Bench, has been gaining in popularity for some time now. So, keep reading to find out why in our Bench.co review. In our Bench.co review you will learn more about Bench.co features, pros, cons, and factors to consider when choosing your accounting software.

If you need a basic, no frills bookkeeping company- Bench may be the right fit for you. Note that we are not able to provide private consultations, give advice, or answer questions. Shift4Shop does not endorse or guarantee the work or performance of any individual partner. Shift4Shop provides a list of partners and this website as a courtesy. Should you choose to work with any third party vendor, your business relationship is between you and the third part vendor. Generate invoices automatically from your e-commerce store to Xero, and eliminate the manual entry of order details, taxes and inventory.

Super Great Company

A year end package with everything you need to file comes standard with Bench. Upgrade your plan, and cross even more off your to-do list. With Premium, you get expert tax prep, filing, and year-round tax advisory support. At the end of the year, we give you everything you need to file your taxes. Or, use BenchTax to handle the tax prep and filing for you. Your remote bookkeeper takes care of your accounting while you’re on the road, so you can get back to work without the worry. Check out our growing YouTube channel where we go deeper into the digital tools and share more of our personal experiences growing our businesses.

Bench combines process automation with the personal touch of an experienced bookkeeper, in a easy to use interface. Some questions up front, then you save time for years AND you can contact someone if you need a human. Bench uses its own proprietary software to manage your books, so you won’t have to worry about downloading or installing software. When you need to access your Bench dashboard, you can do so easily online, provided you have a working internet connection. America’s largest bookkeeping service for small businesses. With Bench, we do your bookkeeping for you—so you don’t have to.

How much does Bench Accounting cost?

Bench offers a pretty great deal in that they provide one month of bookkeeping service for free upon signing up. The income statement and balance sheet completed by Bench are useful for people struggling through excel files wondering if they’re turning over a profit. These documents clarify whether you’re doing the right things, or need to switch it up and try something new. These calls are centered around reviews, obviously, hence you’ll be connected with your bookkeeper and discuss how things are progressing. From what I gather, there’s no specification as to why you should call. A Business check-in is as good a reason to call as a business inquiry, so don’t be shy.

• Then, they’ll prepare your monthly and year-end financials—so you don’t have to.
• For instance, you can check a bank statement at any time via the platform.
• That’s the same encryption level as used by many banks, and it’s believed to be impossible to hack.
• They ensure that our books are updated within a reasonable timeline.
• Bench has a simple user dashboard that makes it easy to view your financial data, communicate with your bookkeeping team, or run reports as needed.

Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser’s responsibility to ensure all posts and/or questions are answered. An expert in accounting, finance, and point of sale, Erica has been researching and writing about all things small-business since 2018. Erica’s insights into personal and business finance have been cited in numerous publications, including MSN, Real Simple, and Reader’s Digest.

Please enter the email address you provided during registration and we’ll send you instructions on how to reset your password. Check in on your finances any time with the Bench mobile app. The client praises Bench Accounting for their fast communication, as well as the internal bandwidth their services free up. Customers can expect a personable and respectful partner.

The world great company

Get real-time cash flow updates and connect with your bookkeeper with Bench for iPhone—the companion app to North America’s largest bookkeeping service. With Bench for iPhone, you can check in on your business performance in seconds with real-time cash flow updates and intuitive visual reports.

Doing so provides Bench with the ability to import all your transaction and expense data to compile your books. Such a setup can be daunting for some because let’s face it – nobody likes sharing their financial information with anyone. But doing it through an online platform, well, it’s fair to say it feels like an even bigger security risk. Once your books are complete, your bookkeeper will update the status of the task on Bench’s platform to acknowledge that fact. You’ll then be able to analyze and review accounts via the “reports” section.

Gusto for Payroll

Bench’s professionals can handle your bookkeeping on a regular basis at a fraction of the cost of hiring an in-house bookkeeper. Connect your bank, merchant, and credit card accounts https://www.bookstime.com/ to Bench. Your transactions will then sync to your account—it’s quick, secure, and effortless. Get a direct link to your bookkeeper and fast access to intuitive financial reports.

Bench continues to be a leading employer in Canada, having rapidly scaled to over 650 employees, and aims to double the company’s product and technology teams before the end of 2021. Message your team in the Bench app, and they’ll respond within 1 business day. The Bench Pulse dashboard lets you quickly track every transaction, account, and trend in one place—no app-hopping required. Powerful yet intuitive financial reports come standard with Bench.

Hardware & Software Requirements

Also, this individual should also provide you with a quick tour of Bench and its accounting software. Hire real-world professionals to keep their client books and basically take care of all your bookkeeping needs. Bench pricing is relatively affordable for all business sizes, and its system is easy to get the hang of.

Bench pairs you with a team of professional bookkeepers to do your bookkeeping, leaving you to run your business. Businesses need to understand their financial performance, but for many smaller ones, this means a trade-off between doing their books and running their businesses.

Teams

Bench is a proprietary accounting software which does not provide an export that is compatible with major accounting software . Essentially, financials drafted by Bench are good to send to your CPA at the end of the year to prep your taxes. You may need to provide additional detail to your CPA, but they will a good conversation Bench Accounting starter. Have you ever paid for an insurance policy in one lump sum? Do you ever pay for a yearly software subscription to take advantage of the discount? Bench will track the payment to the vendor in the month it passed through the account, not on a monthly basis, which is the correct way to treat the transaction.

Bench is also not suited for businesses that require payroll, invoicing, accounts payable, or inventory management. If your business needs invoicing, bill payment, property tracking, or third-party revenue collection, you’ll need to sign up for specialized bookkeeping, which starts at $100 per month. You can book a call with your bookkeeper or send them an in-app message directly through the Bench app. Whether you’d like a tax season review call or a monthly check-in, they can assist you. Your bookkeeper will also reach out regularly with updates. There’s no extra fee or hourly charges for support, and you’re welcome to reach out to them whenever you have a question.

Sales

Track every business transaction and performance metric like a pro, and run a smarter business right away. Other providers seem to be complicated and non-specialized. These guys are specialized really well in bookkeeping. According to anonymously submitted Glassdoor reviews, Bench Accounting employees rate their compensation and benefits as 3.3 out of 5. Find out more about salaries and benefits at Bench Accounting.

• When evaluating offers, please review the financial institution’s Terms and Conditions.
• Powerful yet intuitive financial reports come standard with Bench.
• You can check Bench so long as you have an internet connection.
• Bench is also not suited for businesses that require payroll, invoicing, accounts payable, or inventory management.
• The biggest advantage of Bench is the amount of time it can save you on bookkeeping tasks.

Would like ability to chart data in a way that’s more useful. From the same Upload Document menu, you’ll find an email below the Upload Documents button, such as receipts+ You can send your documents to this email address. Bench Accounting integrates with Gusto to help you manage your payroll transactions.

You run your business.

In this Bench Accounting review, we’ll help you determine whether Bench is the right bookkeeping solution for your business. We’ll look at the pros, the cons, pricing, user reviews, and much more to give you an inside look at what to expect before pulling out your wallet. 80% of Bench Accounting employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Bench Accounting 4.0 out of 5 for work life balance, 4.3 for culture and values and 3.7 for career opportunities. Creating a welcoming feel, a bio-fuel fireplace is located at the social heart of each floor, soft rugs and comfortable residential touches are applied throughout.