Free mobile app that helps the 50 million microbusinesses in Latin America become more efficient. The app allows owners to record transactions, track credits and debits, see business statistics, gain control over their inventory, among many other things. Get a full view of your financial life as a freelancer and prepare easily for tax season. Know how much you’re earning and spending, estimate what you owe in taxes, and save money with a smart, automatic deduction finder. An accrual-based bookkeeping method would record that invoice as soon as the invoice is sent. If you need to get in touch with your bookkeeper or tax professional, you can either schedule a phone call or send a message via the app.

1. They promised it would get easier “as we learn about your business and transactions,” but I found month after month that the same transactions got flagged needing my input.
2. Your bookkeepers help categorize transactions, reconcile statements from bank and credit cards, and ensure your books are accurate.
3. A year end package with everything you need to file comes standard with Bench.
4. Each month, your bookkeeper will import all of your business transactions and categorize them, then reconcile your bank accounts and prepare financial statements.

She also regularly writes about business for various consumer publications. You should be able to access a dedicated bookkeeper for any questions or advice and one-on-one assistance. Because each plan depends on many factors, we looked at the value provided in terms of the time and potential money that you’re saving by using the service. Those who left a Bench Accounting review on third-party sites said that the platform is easy to use and that the user interface is very intuitive. They also like the ability to access Bench from anywhere when on the go and its tax and consulting services.

Bookkeeper 360, which integrates with both QuickBooks Online and Xero, is a good fit for more complex small businesses that require advanced reporting and weekly updates as opposed to monthly ones. 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. It is ideal for businesses looking to outsource their bookkeeping operations as you get access to a dedicated bookkeeper and account manager. Easy integration with QuickBooks products makes Bookkeeper.com the best choice for QuickBooks Online users. Bench Accounting is a virtual accounting service provider that offers bookkeeping and tax support for businesses and individuals.

Bench Accounting Bookkeeping Features & Services

Usually, you will be able to call within a day, and in-app messages sent during hours of operation usually receive a response within a matter of minutes. Specifically, you will be assigned a team of three dedicated bookkeepers, one of whom will be your account manager. Bench Accounting offers two monthly subscription plans, Essential for $299 and Premium for $499. If you sign up for an annual contract, the monthly price goes down to $249 for Essential and $399 for Premium. While both offer basic bookkeeping and year-end reporting, Premium has unlimited tax advisory services and federal and state tax filing. For an additional fee, Bench’s bookkeepers can provide overdue bookkeeping services, depending on how far you’ve fallen behind on your books.

Best Accounting Software for Small Businesses

Bench gives you a dedicated bookkeeper supported by a team of in-house experts. They’re here to take tedious financial admin and bookkeeping stress off your plate—for good. HivePayroll is a payroll and time management software that enables you to track time, handle leave requests, and process payroll. Our partners cannot pay us to guarantee favorable reviews of their products or services. Bench Accounting integrates with Gusto to help you manage your payroll transactions. Gusto files local, federal, and state payroll taxes automatically and generates W-2s.

Bench Accounting provides bookkeeping and accounting services through an intuitive web-based app to help freelancers, startups, and small businesses manage their accounts. Together with a robust set of accounting tools, Bench designates a team of dedicated professional bookkeepers for each of its clients. 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.

Best for franchise-based or e-commerce businesses, Xendoo’s online bookkeeping and accounting service gives you access to a network of dedicated bookkeeping professionals. It is an easily scalable and customizable all-in-one solution for all your accounting needs. Transparent pricing, catch-up bookkeeping, tax consultation, preparation and filing, and payroll integration are some of the key standout features that put Xendoo above its competitors. That’s why both Pilot and Bench include support in all pricing tiers, and it means you won’t pay additional hourly fees just to ask a question or get clarity on your books. Accrual-basis bookkeeping gives business owners a more realistic picture of income and expenses.

It offers complete control and automation options in managing financials, billing, orders, inventory, fixed assets, and revenue. It also has different modules to help you embed your accounting with other key business processes. 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.

A year end package with everything you need to file comes standard with Bench. With Premium, you get expert tax prep, filing, and year-round tax advisory support. bench accounting competitors Bench Accounting, is a fintech company that automates accounting tasks to organize the financials of small businesses, independent contractors, and entrepreneurs.

Best Free Accounting Software for Small Businesses

With traditional online services users have to log in, set up, and manage their own accounts – Bench bookkeepers will do all this for you. Compared with other bookkeeping services, Bench is relatively affordable, starting at $249 per month. Some competitors’ prices increase as your average monthly expenses rise, and others require a subscription to specific accounting software, which adds additional expenses.

If you elect for an annual contract, then monthly prices go down to $249 for Essential and $399 for Premium. Both include monthly bookkeeping and year-end reporting, but Premium gives you more features, such as unlimited tax advisory services and federal and state income tax filings. 1-800 Accountant is a virtual accounting firm that can help manage all your accounting, bookkeeping, tax preparation and filing needs. It gives you access to a network of bookkeepers, tax advisors, payroll specialists, and accounting professionals well-versed in your state and industry’s regulations. This website is using a security service to protect itself from online attacks.