Prices start at $399 per month and vary depending on your total monthly expenses and whether you need cash basis or accrual basis accounting. You can also add services like payroll, invoicing, bill pay and inventory management for an extra fee. Once your bookkeeper completes your year end financials, your dedicated Tax Coordinator and Bench Tax Advisor will facilitate the preparation, review, and filing of your income tax return. When it’s ready, we’ll reach out to you for the “all clear.” Then, we’ll file your taxes and pull funds directly from your account to pay any applicable taxes.

• We don’t sync your financial data from any other bookkeeping software.
• See what running a business is like with Bench on your side.
• I plan to continue working with them for as long as I’m in business.
• There are some times that we’ll request documents from you (like account statements or receipts), just to ensure the information we have is correct.
• This is an expensive time to be running a small business, but there are ways to protect yourself from the effects of inflation.
• This step marks the beginning of the monthly accounting process.
• All the financial data for the month is captured and your team has completed the monthly bookkeeping.

This influences which products we write about and where and how the product appears on a page. Here is a list of our partners and here’s how we make money. We believe everyone should be able to make financial decisions with confidence. No waiting for hours on hold—just helpful support from real people.

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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. Using Bench is different from having a subscription to accounting software like QuickBooks Online or Xero.

Try Bench for free and receive a month of free bookkeeping. 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.

Real-time financial insights

Books that are in progress are not yet at a stage where they can be used for financial reporting. 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.

This step marks the beginning of the monthly accounting process. We collect raw financial data from your connected bank and credit card accounts, merchant or payroll processors, monthly statements, and other important financial documents. They have been very bench accounting login helpful and I appreciate having them take on the work of managing the books. It’s saved me 3-5 hours monthly and the stress come tax time- bench do it all for me. My bookkeeper does change every 6 months of so, but the handover has been good each time.

Why Small Business Owners Love FreshBooks

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. FreshBooks is accounting software that makes running your small business easy, fast and secure. Spend less time on accounting and more time doing the work you love. This is essentially an extremely overpriced version of QuickBooks Online. You never truly have a dedicated bookkeeper, as they’re constantly changing. The software integration is subpar and consistently disconnects.

• It includes both the monthly discount outlined above, as well as an additional 10% discount for selecting a yearly plan.
• However, from time to time, we may  need your help to provide additional context on some specific transactions.
• If you’re running a business, I highly suggest looking elsewhere.
• Bench’s core product is online bookkeeping software paired with in-house bookkeepers.
• This feature saves you the time and effort of manually uploading documents.