Bench Review 2023: Online Accounting & Bookkeeping

The Bench system is built to not only automate and present financial data but to back up bookkeeping with a dedicated team of professionals who can ensure that reconciliations are accurate. The Bench platform offers integration with a host of third-party apps, including banks, payment processors, and companies offering payroll and invoicing. What do you think of when you think of accounting? Well, bookkeeping is more than receipts, bank statements, income statements, and lost sleep. Your team of bookkeepers will also work with you to add needed documents, correct any mistakes, and answer any questions you may have. Hiring a full-time bookkeeper can be a huge expense for a small business.

• If Bench’s lack of accounting integrations is a concern, instead consider QuickBooks Online with QuickBooks Live full-service bookkeeping added on.
• Once you securely connect your financial accounts, we’ll introduce you to a dedicated bookkeeper.
• A dedicated bookkeeperWe’ll connect you with one of our expert bookkeepers located in North America.
• Get a direct line to your team on desktop or mobile—professional support is just a few swipes, taps, or clicks away.
• Bench accounting software tracks financials and partners with a team of bookkeepers to do the books.

Get bookkeeping, tax prep, advisory, and filing with Bench’s powerful, easy-to-use platform. At the end of each month, your bookkeeper delivers accurate, up-to-date financials. Let us handle your overdue books, and you’ll get a tidy Year End Financial Package for every year we complete–so you can get filed fast. BenchRetro gives you a specialized team of experts to get you caught up, no matter your business situation (or how far behind your books are).

Best Free Accounting Software for Small Businesses

With check-ins throughout the year, your tax team leaves no deductions behind. We pair you with expert bookkeepers to get your books up-to-date. Need more than two years of historical bookkeeping?

With real-time insights, you can make on-the-fly decisions about where to spend and where to save, helping your business stay on budget. You can send a message to your Bench team from your computer or the app at any time, and your bookkeeper will reply within one business day. You can also schedule a time for your bookkeeper to call you at no additional charge. Bookkeepers are available Monday through Friday during “normal business hours PST,” according to Bench’s website. We here at RetirementInvestments think that Bench is a great buy for anyone looking to get away from tax filing and bookkeeping tasks and back into their core business needs. No more forgetting to upload a receipt or link an account to your accounting software.

Cost of software customizations

Contact us today and get up to date, detailed quotes. Migrating data from old systems to the new software can be a time-consuming and costly process, especially if the data is large or complex. The average cost of data migration can range from a few thousand dollars to several hundred thousand dollars, depending on the size and complexity of the data. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission.

The marriage of human know-how and technological efficiency makes doing your books a breeze. Bench also offers a detailed balance sheet for you to view, also over a given period. In addition, we want you to understand what to expect when you sign up for Bench and begin using their services.

Get your finances in the clear with Catch Up Bookkeeping

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• Get a snapshot view of all your money-in and money-out, whenever you need it, even before your books are closed.
• This is an expensive time to be running a small business, but there are ways to protect yourself from the effects of inflation.
• At tax time, we send a package with everything you need to file.
• However, given its hybrid approach — a blend of humans and technology — Bench has two sets of competitors.
• Crystal clear financial statements and reportsSee what your money is up to and get financial insights on your own timeline.

Here you’ll find articles and resources to help you get started. A Bench historical bookkeeping specialist will be happy to provide guidance on your current bookkeeping situation and explain whether Bench Retro might be a good fit for your business. No matter your business situation (or how many years of back taxes), we can handle any amount of retroactive bookkeeping. That means you get complete and accurate books back quickly to use them for whatever you need.

Shortly after you sign up, we’ll give you a call to learn more about your business and bookkeeping needs. On this call, we’ll connect your accounts to Bench, and gather any extra documentation we need to complete your books. Each month, your bookkeeper organizes your business transactions and prepares financial statements. If they need anything from you, they’ll get in touch. Once you securely connect your financial accounts, we’ll introduce you to a dedicated bookkeeper. They’ll get to know your business, and show you how Bench works.

Try us for free—we’ll do one prior month of your bookkeeping and prepare a set of financial statements for you to keep. Review your accounts and look at your real-time and monthly financial data. With Bench, you’ll have a team of bookkeepers working on your book monthly. You can communicate with your team through the platform’s messaging system or by making a quick phone call. Bench wants business owners to, for a monthly fee, dispense with DIY bookkeeping and join the thousands of customers working with Bench.