When your bookkeeping has been completed for the month, you’ll receive a message inviting you to view your financial statements and account information online. Crystal clear financial statements and reportsSee what your money is up to and get financial insights on your own timeline. With Bench, it is like having a whole accounting team working behind you in the shadows for just a relatively small monthly fee. We send tidy tax time financials, so you can get filed fast. We’ll even work directly with your CPA.Forget about tax time stressReady to pass tax filing off to someone else? Our Premium plan connects you to a licensed pro ready to get you filed before the deadline hits.Tax time stress isn’t limited to tax season.
If you’re behind on your books for more than two years, Bench offers a special program called Bench Retro. Bench Accounting’s mobile app is available for iOS users and provides financial reporting functionality and real-time cash flow updates. It also gives you the ability to check accounts, vendors, spending categories, dates, credit, and more to ensure that your business is on track. As of this writing, there’s no mobile app for Android devices. From year-round bookkeeping to unlimited tax advisory support, our Premium plan has you covered.
You can add any amount of Catch Up bookkeeping to a standard Bench plan. No matter how far behind you are (yes, even years behind), we can get you caught up bench accounting login quickly. Looking to take the guess work out of your business growth? Here’s everything you need to produce a reliable financial forecast for your business.
If you’re not sure whether your closing balances are accurate, we recommend chatting with one of our Onboarding Specialists about Catch Up bookkeeping. You can also easily upload documents as needed (tax returns, cash purchase receipts etc). They get the transactions from integrations you set up with your payment processors. In this Bench Accounting review, we would like to familiarize you with one of the solutions available on the market and help you make the right choice. Presented as a visual chart that is broken down by month, this report gives you a quick glimpse of your revenue, expenses, and net profit.
But moving the information and verifying it was done correctly can take time. Bench accounting pricing is very transparent and affordable. It will be based on your monthly expenses, and you will pay a fixed monthly fee.
Both include monthly bookkeeping and year-end reporting, but Premium gives you more features, such as unlimited tax advisory services and federal and state income tax filings. 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’s Essential plan includes the preparation of a year-end financial package needed to file your taxes.
We use our own proprietary software to complete your books. You won’t need any other software to work with Bench—we do everything within the platform. Unlock extra savings at Bench with these exclusive offers. https://accounting-services.net/ We believe everyone should be able to make financial decisions with confidence. We take care of the tedious bookkeeping work, you get more time to focus on what you care about—helping your business succeed.
If you’ve ever received an audit from the IRS, you know that it feels like a literal punch in the gut. The only feeling I can really compare it to would be playing high school football and being blindsided by a D1 commit. Bench also offers a pay-as-you-go option, which is available for $349 per month on the Essential plan. In addition, we employ a comprehensive editorial process that involves expert writers. This process ensures that articles are well-researched and organized, offering in-depth insights and recommendations. Plaid is trusted by over 12,000 financial institutions around the world, and beyond Bench, it powers over 8,000 of the world’s apps and online services.
The Accounting tab on your dashboard provides you with real-time updates of your financials, showing exactly how much money you have and how you’re spending it. You can access your income statement, balance sheet, and other reports that are fully customizable. You can tag transactions with labels like products, clients, locations, or sales channels to see exactly how your business is performing. 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.
A year end package with everything you need to file comes standard with Bench. Upgrade your plan, and cross even more off your to-do list. With Premium, you get expert tax prep, filing, and year-round tax advisory support.
There’s no extra fee or hourly charges for support—we’re always happy to nerd out about bookkeeping and your financial statements. We evaluated whether the online bookkeeping service offered tax and consulting, and the scope of those services. Plaid is a platform that lets you securely connect your financial accounts to Bench in a matter of seconds.
If you do not use your personal accounts for business, then no, you should not connect them to Bench. If getting your books caught up is your priority, our Catch Up and Retro bookkeeping teams will work with you to get your books in order, fast. Our mission is to help every business owner thrive, by providing financial insight and peace of mind in one seamless platform. From creatives to chiropractors, Bench supports thousands of small business owners across the United States. See what our small business owners are up to, and join the conversation.