This team, led by a senior bookkeeper, manages your financial records, ensuring accuracy and consistency. The human touch sets Bench apart from purely software-based solutions. While it doesn’t offer live bookkeepers the way Bench, QuickBooks Live, and Fincent do, you have the option to provide custom access to your accountant. You’ll also have access to the IRS forms you need to file; the reports give you what you need to file.
- Bench does offer accrual adjustments, but they start at an extra $100 per month.
- The customer service headaches and billing issues just aren’t worth it.
- Other companies offering similar services adjust pricing upward as your business grows, making managing it more expensive.
- Akuonto is an all-in-one bookkeeping and accounting software that also handles invoicing and expense tracking.
Difficult to switch providers
Have now been with them through two tax years and my life went from being nightmarish (with Quickbooks team) to being solid and always tied up to my tax reports. It’s a big change and I really appreciate Bench’s processes and team. Theives.We signed up at the later part of December for over $2000.
Unfiltered reviews from Small Business Owners in America
Already have recommended them to a couple of business owners I know. Bench’s accounting automation works like any other bookkeeping software. When you connect your bank account and credit card via Plaid, it automatically pulls transaction details from their respective feeds and records them in your general ledger.
See Bench’s features in action
For users on the Premium plan, Bench offers both business and personal tax filing services. This includes both federal and state tax returns, making it a one-stop solution for bookkeeping and tax needs. The platform 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. You’ll also have access to a tax professional to help you make tax preparation and filing easier.
The Message tab enables you to send and receive messages from your assigned bookkeeper. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Bench went under, bought out, but refuses to honor any existing agreed upon work unless you pay the new owners more money. Get instant access to “How to get your products in front of millions of shoppers by getting featured in GIFT GUIDES (year-round)” training.
Lost your Bench? We’ve got a seat saved for you at Zeni
Thousands of small business owners trust Bench with their books.Here’s how we’ve helped our customers across North America focus on what they do best. Our assigned bookkeeper, Scout, has been fantastic to work with. She is very responsive, and has taken the time to learn our business. Every month our close process gets a little smoother.My only drawback with Bench is that they only do cash-based bookkeeping, so if you ever graduate to GAAP, you need to look elsewhere. When compared to alternatives like QuickBooks Online or Xero, Bench stands out for its human-assisted approach. While it may be more expensive than some software-only solutions, many users find the added expertise and time savings justify the cost.
With the catch-up bookkeeping add-on, Bench’s bookkeepers can provide overdue bookkeeping services—no matter how far you’ve fallen behind on your books. Your bookkeeper will consult with you, find out how much you owe, update your books accordingly on your behalf, and deliver tax-ready financials. Once you’re caught up, Bench will work with you to transition over to monthly ongoing bookkeeping services. When you sign up, you’ll be matched with a dedicated bookkeeper who is backed by a team of in-house accountants. 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.
These products can streamline tasks like reconciling accounts and categorizing transactions, but they don’t take bookkeeping off your plate completely like Bench does. Unlike accounting software, however, Bench doesn’t offer tools for invoicing, inventory management or bill payment. Once your bookkeeper completes your year end financials, your dedicated Tax Coordinator and Bench Tax Advisor will facilitate the preparation, review, and filing of your income tax return. When it’s ready, we’ll reach out to you for the “all clear.” Then, we’ll file your taxes and pull funds directly from your account to pay any applicable taxes.
Best Online Bookkeeping Services
If you’re starting a new business, I highly recommend Bench – it’s been essential to my company’s financial management! All plans include monthly bookkeeping, year-end financial package, and unlimited support. The Premium plan, which includes tax filing services, is available at an additional cost. Also, upon enrollment, you’ll be paired with your own dedicated bookkeeper.
After I entered some basic information about my company, the number of employees and contractors, and monthly revenue, I could start my account. If you’re looking for an all-in-one bookkeeping and payroll tax management solution, Bench isn’t for you. While Bench offers both Accounts Payable and Accounts Receivable support, these are add-ons, under “Specialized Bookkeeping”.
For example, Employer.com’s CEO, Jesse Tinsley, has already promised to institute a policy of closing the books on a set date each month. I’ve enjoyed working with the bench team, they definitely take a lot of the work & worry out of my book keeping. Pricing starts at $10/month for 40 invoices and 40 estimates, and scales to $30/month for unlimited invoices and estimates. If you’re already using Quickbooks Online, but want the added advantage of a real bookkeeper to help you along the way, you may want to consider QuickBooks Live Bookkeeping. Navigating to the service’s self-help features was a bit counterintuitive for me since I happened to find it by accident. As I went through and checked off items, I got a nice tutorial of the interface, showing me where to find important things, like the ability to download my income statements.
Explore how he skillfully manages his finances using Bench and Freshbooks, and gain valuable insights on leveraging video and networking for business success. Learn more about Bench, our mission, and the dedicated team behind your financial success. Get free guides, articles, tools and calculators to help you navigate the financial side of your business with ease. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. To get a FREE extra month of bookkeeping with Bench, click here.
Two of the platform’s biggest drawbacks is that it doesn’t offer a mobile app for Android. Plus, the fact that it doesn’t integrate with QuickBooks or any other software means it is difficult to switch providers. Other reviewers said that they wished that it was possible to use the service for bill payment and invoicing. One user also commented that there is a learning curve with the reports but that Bench is bench accounting reviews quick to assist. For those of you who are left without services, I hurt for you. They use QuickBooks Desktop or Online (tried and true), you have 24/7 access to your reports on their decor cloud or app, you have a dedicated bookkeeper and a team of experts behind them.
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