Bench Reviews, Pricing, Company Info, and FAQs

Each month, your bookkeeping team — made up of three in-house Bench employees — will categorize all your transactions, reconcile your bank accounts and prepare financial statements. This process is completed within 15 business days once you’ve sent all the necessary documents. Bench provides online bookkeeping services to small businesses.

• However, businesses up to enterprise-level can avail of Bench.co’s services on some level.
• All the hard work that they do mean that you can track your finances anywhere you are.
• I switched over my bookkeeping to Bench in 2016 and haven’t looked back.
• You can do it manually, you can do it with accounting software, you can hire a bookkeeper, or you can use a service like Bench.
• While its services are universal, the bookkeepers work directly from the company’s office in Vancouver, Canada.

Incorporating advanced algorithms and innovative technology, the tool helps you make informed investment … Every plan comes with unlimited support from a dedicated bookkeeping team and intuitive software to track your financials. 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.

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QuickBooks Online is a complete small business accounting solution which allows users to manage all their financial… Although it costs extra, Bench can go back in time and track previous months or even years of income and expenses for you. This is most useful if you’re joining Bench late in the fiscal year and want to get Bench Bookkeeping Review everything documented for tax time. If you want Bench to also file your taxes, that costs extra and the price varies depending on many factors. It’s convenient, but you can easily have a CPA file your taxes based off the Bench.co year end reports. I switched over my bookkeeping to Bench in 2016 and haven’t looked back.

If you are the manager of a small, or growing business in the US that could use some assistance when it comes to the tax preparation process, Bench is likely worth the investment. Through the Bench Tax feature, you have access to tax services so that all your taxes are handled and filed on time. This means you have your monthly bookkeeping, financial reports, and taxes all in one place which makes it easy for you to see or business’s financial health. Here, you simply send a message from your computer or the app through the platform, and your bookkeeper or one of the team will reply within one business day. It’s also possible in the app to schedule a time for your bookkeeper to call you at no additional charge.

Bench Customer Service & Support

We have not yet been through a tax season as a client of Bench, but based on our experience so far, I expect it to be our easiest and least stressful to date. As far as bookkeeping services, software, and customer support go, you will probably not be surprised to hear we give them a solid 9 out of 10. All in all, we cannot recommend Bench’s services highly enough and strongly advise checking them out for yourself.

At the end of the relationship, I feel it cost me more overall for the service than the benifit. In that 5 years, even thought you’re talking to ‘people’, I never got real or helpful answer to anything. Unless you can already do your books, this service is not good for people who really need someone help them for their finances. Match receipts and invoices to corresponding transactions.

Balance Sheet

As a result, bookkeeping makes your business planning smoother and more manageable. In fact, you only need your balance sheet, or your profit and loss statement to show you how strong your business is financially. With this in mind, you’ll be able to plan better and decide what expenses you can afford. These bookkeepers may work independently as freelancers, in partnership https://www.wave-accounting.net/ with other bookkeepers or even as part of a large national firm. Although you’ll still have to spend a few hours each month with the bookkeeper, you’ll save a lot of time and effort compared to doing your bookkeeping yourself. There are many of these platforms available online that you can choose from with the promise of making your bookkeeping easier.

• This is most useful if you’re joining Bench late in the fiscal year and want to get everything documented for tax time.
• Customers state that Bench bookkeepers, tax professionals, and sales reps are quick to respond to requests.
• Plus, you can communicate with them through the Bench app, so they’re always there if you need advice or have questions.
• This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.
• For many other businesses, accrual bookkeeping also makes more sense and in these cases you can’t use the Bench.co solution.
• Start with a tailored template for your projects and tasks, and build the workflow and process you need with the tools at your fingertips.

You’ve concocted every excuse under the sun, but you can’t escape reality – it’s time to do your books. You can book a call with your bookkeeper or send them an in-app message directly through the Bench app. There’s no extra fee or hourly charges for support, and you’re welcome to reach out to them whenever you have a question. Bench has been very responsive and accommodating to all our startup bookkeeping needs. We had some transactions that were completed prior to signing up to Bench, and they still organized those transactions for free!

Bench.co Review – Pros and Cons

You tell us what you need help with and we’ll come up with a quote for just that work that is fair and custom to your exact needs. We’re not small by any means, but we still onboard each client one at a time and every project is just a little different. Keeping it all under one roof and one central point of contact also means faster responses and turnarounds and not having to explain the same thing multiple times to multiple people.