This enables you and your bookkeeper to work together seamlessly from the start. If you sign up for a Premium Bench account, you can get tax services like having your forms finalized and filed all in one place. Bench accounting can help make tax season less of a headache.
Plus, Bench.co is excellent if you happen to be behind in filing your taxes (even if you’re very behind). Taxjar is a good platform to go for, as the pricing is pretty reasonable, and they have a good range of features. TaxJar is user-friendly and helpful, although bench.co pricing it does lack some of the specialized support you might need for more complex businesses. They’ll negotiate with you to create an affordable payment plan for their work, too, which is necessary if you’re facing a financial crisis (more on pricing a little later).
Tax Advisory and Filing
Bench pairs you with a professional bookkeeper who completes your monthly bookkeeping for you. By connecting bank accounts and credit cards to your Bench account, information is automatically entered into the platform for your bookkeeper to categorize and review. If you’re looking for a more akin service to Bench’s, QuickBooks can connect you with a live bookkeeper. They can bring your existing financials up to date and manage your current books.
You can hand this off to your CPA if you don’t want Bench to file your taxes for you (which costs extra). This is makes it a fit for small businesses with one or multiple accounts. Because GnuCash isn’t a cloud platform, this doesn’t update your account. Instead, you can export all of the transactions you recorded on the mobile app to a CSV file which can then be uploaded into the desktop software. Sovos is another platform worth checking out, especially if you’re a larger business. It makes filing your taxes and keeping on top of your paperwork very simple.
Tax season, minus the stress
It’s worth noting that bench is only available to US-based small businesses (at the time of writing). Interestingly, Bench.co claims to be the largest small business bookkeeping service in the US. Shortly after you sign up, we’ll give you a call to learn more about your business and bookkeeping needs.
- You can add any amount of Catch Up bookkeeping to a standard Bench plan.
- Compared with other bookkeeping services, Bench is relatively affordable, starting at $249 per month.
- With online bookkeeping and real human support, it’s the expert financial solution your business deserves.
- You can expand QuickBooks’ core features with add-on products like Quickbooks Time and Quickbooks Payroll.
- You can quickly switch between the messaging part of the platform and the accounting part, which will give you a clear view of how your business is performing.
- As a business owner, you should want to be on an accrual basis.
At-a-glance visual reports help you see the big picture and give you actionable insights to help you grow your business. Try us for free—we’ll do one prior month of your bookkeeping and prepare a set of financial statements for you to keep. If Bench’s lack of accounting integrations is a concern, instead consider QuickBooks Online with QuickBooks Live full-service bookkeeping added on. In general, the QuickBooks platform is more scalable and widely used among accountants, so it could be a better solution for a rapidly growing business. The service starts at $200 per month and requires a one-time cleanup fee.
Spend less time bookkeeping and more time growing your business.
You can quickly switch between the messaging part of the platform and the accounting part, which will give you a clear view of how your business is performing. You can use both Bench.co and QuickBooks to streamline your business’s accounting efforts. Aptly named, summary reports provide summary information about sales, customers, expenses, etc. An example is the A/R Aging Summary report, which gives you information on aging customer accounts. You can expand QuickBooks’ core features with add-on products like Quickbooks Time and Quickbooks Payroll. The former allows you to track time via a mobile app, schedule employees for jobs and shifts, and report how time is spent at your company.
Launched in 2013, they’ve since amassed a team of over 600 employees. As we’ve already hinted at, Bench.co is an online bookkeeping service that connects you with a dedicated bookkeeper. However, if you’re looking to hire for more than just bookkeeping services and need accounting services and tax planning, we can help. Schedule a call with our financial experts to discuss how we can help your business.
You can avail of specialized bookkeeping with all plans as an add-on. The income statement and balance sheet completed by Bench are useful for people struggling through excel files wondering if they’re turning over a profit. These documents clarify whether you’re doing the right things, or need to switch it up and try something new. Doing so provides Bench with the ability to import all your transaction and expense data to compile your books.
- Your bookkeeper reconciles your accounts, categorizes your transactions, and produces your financial statements.
- We don’t sync your financial data from any other bookkeeping software.
- Bench.co gives users unlimited communications with a bookkeeper and other specialists, allowing you to easily keep track of your income and expenses.
- Small businesses don’t have to use accrual basis accounting, but it typically provides more accurate insight into your finances than cash basis accounting does.
- The Digital Merchant has the best strategies and tools to grow your digital business.
- Each customer’s main point of contact is a dedicated in-house, professionally-trained bookkeeper, based in North America.
- Prices start at $399 per month and vary depending on your total monthly expenses and whether you need cash basis or accrual basis accounting.
If you need to contact your bookkeeper, you can book a call or message them directly through the app. One of the most appealing features of Bench is that you have access to unlimited support, no matter which plan you choose. The functionality of the platform could be especially useful for businesses that have a lot of transactions, like e-commerce or restaurant businesses. An online bookkeeping service also provides easy access to customer support through its in-app messaging option or a quick phone call. You will work with a Bench bookkeeping team to reconcile your business’s monthly expenses.
You’re our first priority.Every time.
There won’t be any more falling behind in bookkeeping or even wondering where you stand financially. Each month, your personal bookkeeper will provide you with all the financial documents you need to know where you stand as a business. There are a number of advantages to hiring a service like Bench to provide bookkeeping services for your small business.
