Bench Pricing & Overview
Bookkeepers are available Monday through Friday during “normal business hours PST,” according to Bench’s website. With our resources and expert team, you’ll also get a full understanding of IRS requirements for mixing personal and business transactions based on your corporate entity. We also support clients that use other merchant processors. We’ll work with you to connect accounts and pull the data we need to reconcile your books. If you’re several years behind on your bookkeeping and taxes, you can get caught up and filed with Bench Retro. QuickBooks, Xero and other do-it-yourself bookkeeping software give you a tool to do your own bookkeeping and taxes.
At-a-glance visual reports help you see the big picture and give you actionable insights to help you grow your business. Your team of small business experts imports bank statements and prepares financial statements every month. We can complete accrual adjustments like tracking accounts receivable and/or accounts payable, unearned revenue tracking, and more with our specialized accounting add-on. If we are recording accrual adjustments for you, revenues and expenses are recorded when they’re earned throughout the year, regardless of when the money is actually received or paid. At year end we will remove these accrual elements to ensure your bookkeeping is adjusted back to modified cash basis.
Bench Accounting Position In Our Categories
With Bench Accounting, customers can save time and money spent on complex accounting and bookkeeping activities. Crystal clear financial statements and reportsSee what your money is up to in real-time. Your income statement, balance sheet, and visual reports provide the data you need to grow your business.Simple to use anytime and anywhereForget about spending hours learning new software.
Both offer a range of finance and workforce management features, reporting tools, tax filing services, and employee benefits through partner integrations. Bench for accountants provides interactive and easy-to-understand financial statements every month. These statements highlight all the transactions, which are organized into specific categories for easy tracking. If bench accounting pricing needed, customers can even customize and create visually engaging financial reports for their investors and customers. These reports can provide details about the company’s revenues, expenses, and profit, hence, you get an idea about the entire financial status. And since tax time stress isn’t limited to tax season, year-round tax advisory services comes standard.
Accounts payable management
Bench is a bookkeeping and accounting service that connects small business owners with financial experts. You’ll connect your bank accounts to your Bench bookkeeping account and your dedicated bookkeepers will receive a read-only version of the information. The in-house Bench team then categorizes your transactions and gives you financial statements every month. Bench accounting software tracks financials and partners with a team of bookkeepers to do the books.
Add your providers and invoices to stay on top of how much you owe to who. Sage Accounting will send alerts for upcoming due dates and potential cash shortages so you can plan ahead and avoid cash flow issues. Sage Accounting is a popular option used by accounting firms and small businesses both. It has a lot of functionality that helps you better run your business. 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.
Your own experienced team
Update your tax filing experienceTax time stress isn’t limited to tax season. Crystal clear financial statements and reportsSee what your money is up to and get financial insights on your own timeline. 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.Year-round tax supportTax time stress isn’t limited to tax season. That’s why we offer year-round tax advisory services through our Premium plan.
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- Occasionally your bookkeeper 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.
- This can include state and federal income tax returns, payroll tax returns, and sales and use tax returns.
- At-a-glance visual reports help you see the big picture and give you actionable insights to help you grow your business.
Once we have everything set up, we’ll complete a month of your bookkeeping in 1-2 days. Our bookkeepers reconcile your accounts, categorize your transactions, and make necessary adjustments to your books. The end result is a set of accurate financial statements—an income statement and a balance sheet. 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. Rippling and Gusto offer cloud-based payroll and HR solutions for small and mid-sized businesses.
If you need tax advice throughout the year, the premium plan also lets you make that call. With this software, users can manage information that is related to client data, accounting processes, reconciliations, and documents. Read the in-depth review by ToolsMetric for more details. Hence, if customers want to switch bookkeeping services, they need to start the entire process from https://www.bookstime.com/articles/sage-intacct scratch and reformat and import all financial information from the Bench Accounting team. 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). For any Catch Up Bookkeeping work we complete, we’ll send the supporting documents needed to apply for Paycheck Protection or an SBA Disaster Loan.
Even if you’re missing documents or have messy records, Bench has you covered. We’re experts at tackling months or years of tough historical bookkeeping. While some CPAs provide bookkeeping services, not all do.
What business owners like about Sage Accounting
To know more about the software, you can read the in-depth review by ToolsMetric. Financial tools can be difficult to decipher and understand. With Bench Accounting, whenever you need to connect with your bookkeeping team, the app will instantly connect you with the experts. Hence, as and when the need arises, you can send and receive messages instantly. Basically, users of this software have access to their finance team in real-time.