bench bookkeeping

While both offer basic bookkeeping and year-end reporting, Premium has unlimited tax advisory services and federal and state tax filing. 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. Online bookkeeping services typically range from around $200 per month to well over $500 per month if you opt for more frequent reports or back-office add-ons.

Should I Choose Bench or Quickbooks?

Cloud-based accounting software, such as Bench, has been gaining in popularity for some time now. 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). Online services may offer one-on-one meetings, but you might have to pay more. If you want a higher level of support in the future, such as chief financial officer or CFO-style services, consider choosing a bookkeeping service that will allow you to upgrade later.

bench bookkeeping

What will my Bench bookkeeper do on a monthly basis?

bench bookkeeping

Add-ons for job costing and project-based accounting may be especially useful for project-based businesses. Other add-ons include inventory management, payroll and 1099 support. No tax prep or accrual basis accounting, even as an add-on service.

  • Anyway, the major advantage of uploading all this financial data to an online platform is how easily you can access monthly reports, financials and review items.
  • Bench Accounting is an online bookkeeping service that pairs your business with dedicated in-house bookkeepers to keep your financials accurate and up to date.
  • You can check Bench so long as you have an internet connection.
  • With this in mind, you’ll be able to plan better and decide what expenses you can afford.
  • Get bookkeeping, tax prep, advisory, and filing with Bench’s powerful, easy-to-use platform.

Bench Pricing

Ignite Spot Accounting is best for businesses that want bookkeepers who are certified in popular bookkeeping programs. Botkeeper is best for accounting firms that want to scale by automating bookkeeping tasks. QuickBooks Live is best for business owners who want to get their bookkeeping in order but don’t have the time or resources to do it.

What kind of services do bookkeeping services provide?

  • Such a setup can be daunting for some because let’s face it – nobody likes sharing their financial information with anyone.
  • As of this writing, there’s no mobile app for Android devices.
  • To make taxes more hassle-free, you can upgrade to the Premium tier, which includes unlimited bookkeeping and tax support.
  • We also appreciate you taking the time to share your feedback.
  • Our mission is to help every business owner thrive, by providing financial insight and peace of mind in one seamless platform.
  • If you’re unsure whether Bench Accounting is the right assisted bookkeeping service for your business, check out our list of the best online bookkeeping services for more choices.

Also, it doesn’t have financial planning services like investment and business expansion. Finally, because it operates on proprietary software, it doesn’t sync with commonly used accounting solutions like QuickBooks Online and Xero. Accounting software makes it possible to handle bookkeeping tasks on your own and automate some of them, such as categorizing and matching transactions. Even with these features, though, you’ll still want to double-check for errors, which takes time. And the more complex your business’s financials, the more likely you’ll want to bring on a dedicated bookkeeping service.

bench bookkeeping

In addition, if you want to add the Bench Tax feature to your plan, you’ll have to pay $99 per month if you pay annually. With this package, you’ll get tax advisory, unlimited state filings, federal income bench accounting login tax filings, quarterly estimates, and year-round tax support from a licensed tax professional. You save a lot of time and, yes, there is a cost, but typically far lower than a traditional bookkeeper.

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