You can’t find your pen and your beginning to tear chunks of hair from your skull in desperation. Set up a time to chat here and we can walk through your specific use case and determine if we are a good fit. If not, we are happy to make a recommendation for someone who will take care of you. Just like Accountingprose is well-suited for a specific audience, so is Bench. Bench should able to serve Freelancers and Micro Businesses well.

With Bench, you’re paired with a team of professionals that will update your books each month. Bench also offers tax services for easy, worry-free tax preparation and filing. Small business accounting software has made it easier than ever to manage your financials. However, as your business grows, tackling the books can become more of a burden. For other small business owners, learning accounting or bookkeeping software just doesn’t fit into the schedule. While adding an accountant to your payroll might not be in the budget, there is an alternative — bookkeeping services such as Bench.

And while Bench does have several important financial reports, its offerings are pretty basic compared to most accounting software. Bench provides a great time-saving service that’s affordable. It’s not a good fit for fast-growing businesses that may need to add several accounts or more functionality later.

Your bookkeeper will update your books accordingly on your behalf. If you are behind on your books for more than two years, Bench offers a special program called BenchRetro. When your bookkeeping is done for the month, you’ll receive a message. At that point, you can view your financial statements and account information online. If you have any questions, it’s easy to get in touch with your Bench bookkeepers by sending them an in-app message or calling them. Bench was founded in 2012 by Ian Crosby, along with Jordan Menashy, Adam Saint, and Pavel Rodionov. The company provides subscription access to cloud-based software in combination with in-house bookkeepers.

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This bookkeeping service will connect customers directly with a physical certified bookkeeper to help them with their books. Though it’s more costly than Bench Accounting, the QuickBooks platform is more scalable and widely used among accountants, so it could be a better solution for a rapidly growing business.

However, they were unhappy with the level of financial statements customization and categorization provided by Bench within these reports. You’ll be pleased to know you won’t have to contact your bookkeeper every time you want a status report of your financials. Bench’s software provides a feature that acts as a progress tracker so you can gauge where accounts are during the completion process. We have worked with many clients who have switched from Bench to Xero. While we did have to go back and recreate our clients’ accounting file, this didn’t overburden us with work and we didn’t have to stress our clients with additional cost. Thankfully Xero has cash coding, which allows us to enter transactions in bulk- saving us time and effort.

Ways We Foster Team Connection in a Remote World.

Unlike DIY software, there’s zero learning curve with Bench. Instead, you’re paired with a dedicated expert who knows your business and is with you every step of the way.

Adam Saint and Pavel Rodionov joined Crosby and Menashy as co-founders in 2012. They were accepted into the startup accelerator program Techstars NYC in 2012 and by July 2013, they had raised $2 million in seed capital and settled on the official name, Bench. Bench Accounting, Inc.America’s largest bookkeeping service for small businesses. See what running a business is like with Bench on your side. Try us for free—we’ll do one prior month of your bookkeeping and prepare a set of financial statements for you to keep.

Recommended Providers

Bench provides bookkeeping and tax services to small businesses that don’t want to purchase or learn how to use accounting software. Instead of self-service software, signing up for Bench connects your business to a team of professional, experienced bookkeepers that balance the books for you. Additionally, you can also sign up for tax services to have a professional prepare and file your small business taxes for you. Provider of online bookkeeping services intended to automate and digitize accounting tasks. Bench Accounting is a virtual accounting service provider that offers bookkeeping and tax support for businesses and individuals. You’ll also receive an online application that allows you to view the status of your financial data and communicate with your bookkeeper. Bench Accounting is an online bookkeeping service for small businesses.

Bench is great for small businesses who need that extra hand in managing their monthly bookkeeping responsibilities. We take care of bookkeeping for small business owners. And we do it in a way that’s never been done before—by pairing intuitive software with real, human bookkeepers. It’s giving entrepreneurs more time to focus on what they care about. We’ll connect you with one of our in-house bookkeepers.

Perks of Working at Bench

Bench’s professionals can handle your bookkeeping on a regular basis at a fraction of the cost of hiring an in-house bookkeeper. Connect your bank, merchant, and credit card accounts to Bench. Your transactions will then sync to your account—it’s quick, secure, and effortless. Get a direct link to your bookkeeper and fast access to intuitive financial reports.

Bench pairs you with a team of professional bookkeepers to do your bookkeeping, leaving you to run your business. Businesses need to understand their financial performance, but for many smaller ones, this means a trade-off between doing their books and running their businesses.

Bench Accounting Features

We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. We are so glad to hear that you’re enjoying the Year End Financials and having the books done without much input. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you. Tim is a Certified QuickBooks Time Pro, QuickBooks ProAdvisor, and CPA with 25 years of experience. He brings his expertise to Fit Small Business’s accounting content.

Power up your marketing and get people to pay attention to your business, pursuit, or clients. Find prospects, develop your lists, and track your marketing campaigns without even having to leave the RocketReach suite. Find the most crucial people you need to bring your product to with our advanced search features and then immediately take action, leaving your competition in the dust.

It’s common for competitors to only include a handful of accounts in entry-level plans, so you’re getting good value with Bench Accounting. Bench Accounting does bookkeeping on a monthly basis. After you sign up for a Bench account, you will connect your financial accounts — this includes bank accounts, credit cards, loans and merchant processors — to your Bench account. Bench accounting software tracks financials and partners with a team of bookkeepers to do the books. Every month, the Bench bookkeeping team turns data into tax-ready financial statements. This helps monitor business financial health, allows for the download of financial statements, and allows the ability to chat with the bookkeeping team any time via the Bench mobile app.

What is the difference between Xero and FreshBooks?

The main differences between Xero vs Freshbooks are: Xero costs $9 a month and is more expensive, whereas Freshbooks costs $4.90 a month and is cheaper. Xero is more for small and medium-sized businesses and accounting practices, whereas Freshbooks is more for individuals who need help with paperwork.

Bench combines process automation with the personal touch of an experienced bookkeeper, in a easy to use interface. Some questions up front, then you save time for years AND you can contact someone if you need a human. Bench uses its own proprietary software to manage your books, so you won’t have to worry about downloading or installing software. When you need to access your Bench dashboard, you can do so easily online, provided you have a working internet connection. America’s largest bookkeeping service for small businesses. With Bench, we do your bookkeeping for you—so you don’t have to.

Bench doesn’t offer bill payments, invoicing, or inventory management — all things that you’d find with most self-service software. https://www.bookstime.com/ You’ll also miss out on the integrations with business apps and software that you’d find with QuickBooks or Xero.

All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Our mobile app lets you keep tabs on your cash flow and track your expenses.

In this Bench Accounting review, we’ll help you determine whether Bench is the right bookkeeping solution for your business. We’ll look at the pros, the cons, pricing, user reviews, and much more to give you an inside look at what to expect before pulling out your wallet. 80% of Bench Accounting employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Bench Accounting 4.0 out of 5 for work life balance, 4.3 for culture and values and 3.7 for career opportunities. Creating a welcoming feel, a bio-fuel fireplace is located at the social heart of each floor, soft rugs and comfortable residential touches are applied throughout.

Create your account

Would like ability to chart data in a way that’s more useful. From the same Upload Document menu, you’ll find an email below the Upload Documents button, such as receipts+ You can send your documents to this email address. Bench Accounting integrates with Gusto to help you manage your payroll transactions.

Bench Accounting is best suited for small businesses that want a professional team of bookkeepers to balance the books. You can also contact Bench to learn more about other solutions, such as Bench Core, Bench Flex, and Bench Pro. These solutions may include additional features, such as a business bank account, business debit card, and support for multiple locations. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site.

Company

You can access your income statement and balance sheet as well as other reports that are fully customizable. You can tag transactions with labels like products, clients, location, or sales channels to see exactly how your business is performing. The fundraise coincides with a major relaunch of Bench’s product offering.

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