We’ll do a month of your bookkeeping in one business day, and deliver a set of financial statements for you to keep. Also, it doesn’t have financial planning services like investment and business expansion. Finally, bench.co pricing because it operates on proprietary software, it doesn’t sync with commonly used accounting solutions like QuickBooks Online and Xero. They also make adjustments to your books to ensure they’re tax-compliant.
Unlike accounting software, however, Bench doesn’t offer tools for invoicing, inventory management or bill payment. It’s best for freelancers or small businesses with relatively straightforward financials. Each plan enables you to track income and expenses, create and accept invoices, maximize tax deductions, and run summary reports. You can also organize receipts, track mileage with the app, manage your cash flow, and calculate sales and sales tax. Your bookkeeper will help you understand how this works, including how to review your finances from their intuitive dashboard. From here, you can view your income statement, balance sheet, and visual reports to help you get a firm grasp of your finances.
A Look Inside Bench
Join over 25,000 US-based business owners who have streamlined their finances and have grown their businesses with Bench. The Premium plan fulfills your bookkeeping needs and also provides help with your taxes. Additionally, Bench customers will get discounts from popular business subscriptions that have a partnership with Bench, like Gusto and Stripe.
Small- to mid-sized business owners have a lot of responsibilities on their plate. As the leader of a company, you are responsible for its income, balance sheets, and tax payments. We don’t require any of your previous bookkeeping to complete work going forward, which means we won’t do a full import of your books into Bench. That said, we recommend keeping any previous bookkeeping on hand in case you need to make adjustments around tax time. Bookkeeping is the process of recording daily transactions in a consistent way, and is a key component to building a financially successful business. Bookkeepers take care of the day-to-day financials, like posting credits and debits, maintaining the general ledger, and completing payroll.