From there, I could quickly integrate my bank accounts and download the Bench app from the Stripe App Marketplace to make integrating my account a cinch. After I entered some basic information about my company, the number of employees and contractors, and monthly revenue, I could start my account. It doesn’t offer any kind of payroll services but instead advises customers who need it to use Gusto. By the time you finish reading, you’ll know if Bench lives up CARES Act to the hype or if another bookkeeping solution is your answer.

See Bench’s features in action

You’ll also have access to the IRS forms you need to file; the reports give you what you need to file. What I really appreciated about Bench as a small business owner is the access to the research team to ask questions. If you’re looking for an all-in-one bookkeeping and payroll tax management solution, Bench isn’t for you. It automatically pulls up a range of well-known banking institutions, including Chase, Bank of America, and Wells Fargo.

• If you sign up for an annual contract and pay for the year upfront, your price for the Essentials plan breaks down to $249/month.
• Navigating to the service’s self-help features was a bit counterintuitive for me since I happened to find it by accident.
• She has owned Check Yourself, a bookkeeping and payroll service that specializes in small business, for over twenty years.
• Also, it doesn’t have financial planning services like investment and business expansion.
• The company’s mission is to simplify financial management, allowing entrepreneurs to focus on growing their businesses rather than getting bogged down in numbers.
• Bench isn’t your standard software solution – rather than just a ledger that connects with your bank account, it offers you one-on-one support with a bookkeeping professional.

Company

This could make it difficult to switch bookkeeping services later. It does, however, allow you to download Excel files of historical data, which can be uploaded to other programs. But moving the information and verifying it was done correctly can take time.

• Other providers use Quickbooks Online to make it easier to transfer your bookkeeping services to another provider.
• When he couldn’t reach me upon the first call, he called back a couple of times until I answered, and he was helpful once I connected with him on the call.
• Reach out anytime — we’d love to learn more about your business needs and see how Bench can support you.
• The ability to add transactions from both personal and business accounts is also a bonus.
• In addition, we employ a comprehensive editorial process that involves expert writers.

Bookkeeping with Bench

If you need help with payroll, you’ll need to invest in another service. Bench themselves recommend using Gusto, and if you do, you’ll get a 30% discount on Gusto’s services since Bench is a partner. Akuonto is an all-in-one bookkeeping and accounting software that also handles invoicing and expense tracking. Fincent is highly similar to Bench, in that you can access a team Legal E-Billing of live bookkeepers – not an AI tool.

Add Catch Up bookkeeping to any Bench plan

This could be helpful if you’ve been behind on your books all year and tax deadlines are approaching. It’s best for freelancers or small businesses with relatively straightforward financials. We’re here to help you explore whether our cash basis bookkeeping is a good fit for your business. Reach out anytime — we’d love to learn more about your business needs and see how Bench can support you. After you sign up to Bench, a member of our bookkeeping team will assist you in connecting all your financial accounts securely to our platform.

Your bookkeeping team reconciles your accounts, categorizes bench accounting login your transactions, and produces your financial statements. They also make adjustments to your books to ensure they’re accurate and tax-compliant. Occasionally we might need your input on things like categorizing a transaction properly, but we try our best to make bookkeeping as hands-off as possible for you.