The magic happens when our intuitive software and real, human support come together. Book a demo today to see what running your business is like with Bench. The best online bookkeeping service should offer a wide range of bookkeeping solutions, including catch-up bookkeeping, invoicing, bill pay, bank reconciliation, payroll, and tax filing. While Bench doesn’t allow you to file sales tax returns, you can sign up for its Premium plan to file business tax returns, which includes corporate and partnership returns. Its score took a slight hit in this category because it doesn’t offer CFO advice, but you do have access to unlimited tax advisory services.
Bench Accounting Bookkeeping Features & Services
While there are some nuances with data uploading and categorization, the team is responsive and helpful. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. We can fully wipe your data, too—at the end of the day, it’s your info and your call. We consider the opinions of users bench accounting and the service’s ratings on various review sites. These criteria were disregarded for providers where no reviews were found.
Easy-To-Use Platform
Bench, founded in 2012 by Forbes 30-Under-30 winner Ian Crosby, provided Partnership Accounting online accounting services for small businesses. The FAQ section on its now-shuttered website states it served 11,000 small business owners across the US. Occasionally, we may need additional documents, such as account statements or receipts, to ensure the information we have is accurate. Sharing files with your bookkeeping team is quick and easy—just upload the document, and we’ll handle the rest. We’ll do a month of your bookkeeping in one business day, and deliver a set of financial statements for you to keep. Unlike other bookkeeping solutions, we don’t remove your login access after your subscription has ended.
- The ability to add transactions from both personal and business accounts is also a bonus.
- You’ll also be granted access to an online application that allows you to view the status of your financial data and communicate with your bookkeeper.
- One of Bench’s best features is the assignment of a dedicated bookkeeping team to each client.
- Bench employs bank-grade 256-bit encryption to ensure that all financial data is secure and protected from unauthorized access.
- The company’s mission is to simplify financial management, allowing entrepreneurs to focus on growing their businesses rather than getting bogged down in numbers.
Pricing & Plans
Bench, a Canada-based accounting startup that offered software-as-a-service for small and medium-sized businesses, has abruptly shut down, according to a notice posted on its website. An accounting software or service can help you avoid costly mistakes and get a clear picture of your overall finances. While it doesn’t offer live bookkeepers the way Bench, QuickBooks Live, and Fincent do, you have the option to provide custom access to your accountant. The price, however, is too much for someone who is self-employed or a small business owner with limited transactions.
- 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.
- Each month, we may check in with you to ensure your books are accurate and your deductions are maximized.
- Bench Accounting offers two monthly subscription plans, Essential for $299 and Premium for $499.
- “We regret to inform you that as of December 27, 2024, the Bench platform will no longer be accessible,” Bench wrote in its service closure notice.
- Ultimately, the decision to use Bench Accounting should be based on your specific business needs, budget, and preference for human-assisted vs. purely software-based solutions.
Our bookkeeping software and team of experts handle most of the work, making bookkeeping simple for you. However, there are some things about your business only you can provide, like uploading certain documents and sharing context for categorizing transactions. Each month, we may check in with you to ensure your books are accurate and your deductions are maximized. Perfect books No need to second guess whether your bookkeeping is done correctly.
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. If you need the Premium plan, you’ll pay either $399 or $499 monthly based on whether you choose monthly or annual billing. That said, it’s easy to get support if you’re not logged into your Bench account from the Homepage – all you have to do is go to the site’s footer to get to more resources. It’s a web-based application, so you can access it from anywhere with an internet connection. Bench has a dedicated iOS app for Apple users, but Android users are out of luck as of this review in December 2023. Once I installed the app, I could log in to my Bench account, how is sales tax calculated load my financial data, and replace the demo data.