You can tag transactions with labels like products, clients, locations, or sales channels to see exactly how your business is performing. Those who left a Bench bookkeeping 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 unlimited year-round tax and consulting services. The ability to add transactions from both personal and business accounts is also a bonus. For bookkeeping novices who want a hands-off approach, Bench is an ideal solution.
Catch-up Bookkeeping
According to Bench.co’s website, this quality control, if you will, is performed by a member of Bench’s in-house team. If you need help with payroll, you’ll need to invest in another service. Bench themselves recommend using Gusto, and if you do, you’ll get a 30% discount on Gusto’s services since Bench is a partner. 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. While many reviews speak highly of Bench and how it lets them focus on running their business, some complain of missed deadlines and slow feedback from their bookkeepers.
Frequently Asked Questions (FAQs)
Bench Accounting integrates with Gusto to help you manage your payroll transactions. Gusto files local, federal, and state retained earnings payroll taxes automatically and generates W-2s. It helps you manage employees’ information, benefits, and deductions. You should choose Bench over Quickbooks if you want to hire a bookkeeper to do your books for you. If you don’t want to hire a bookkeeper, you should use Quickbooks – it’ll provide you with the functionality to go it alone.
Bench.co’s Web-based Software
- One user commented recently that they don’t follow up in a timely manner, and another shared that you can never get ahold of anyone when you need them, only by appointment days later.
- These experts handle your monthly bookkeeping tasks, including categorizing transactions, reconciling bank statements, and preparing financial reports.
- Additionally, leveraging Accounting Services for Small Business can provide professional support and guidance to ensure your financial processes are streamlined and compliant.
- So, don’t be shocked if you go through a few bookkeepers during your time spent working with Bench.
Their features include the management of income and expenses, the generation of financial statements, and even the provision of financial insights through custom reports. The service acts as an extended financial arm, allowing entrepreneurs to focus on growth while Bench handles their back-office tasks. Also, upon enrollment, you’ll be paired with your own dedicated bookkeeper. If you need to contact your bookkeeper, you can book a call or message them directly through the app. The Bench Accounting pricing guide shows two monthly plans, Essential and Premium, which cost $299 and $499, respectively. If you elect for an annual contract, then monthly prices go down to $249 for Essential and $399 for Premium.
I also got a message in my Messages panel in my account to let me know that someone would contact me within the next business day to answer any questions and assist with setup. Partnering with Gusto while you’re a Bench customer will give you a 30% discount on their services. There is a Gusto integration, so you can see everything in one place using their services. I tested it with Stripe, and it worked well, but as with my bank account, it did take some time to pull in all the information and categorize it. I did have some trouble getting it to load all my transactions for multiple accounts.
Top Reviews
- Bench Accounting is an online bookkeeping service that pairs your business with dedicated in-house bookkeepers to keep your financials accurate and up to date.
- Bench could’ve earned higher marks in this criterion if it offered video meetings or a direct number to call for customer support; you must schedule a meeting through the Bench platform.
- This one-to-one support (customer service) is available via messaging and calling through Bench’s web-based app as well as by calling by phone.
- To do so, you are required to link your bank account, debit/credit, and any other payment gateway with Bench.co’s platform.
- 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.
They highlight the struggle they faced prior to hiring Bench – they simply couldn’t find a bookkeeper in their area who understood their business. This person was also thrilled that they could integrate Bench so easily with APIs and other services. This reviewer explains how they’re delighted with the customer service provided by Bench.
The Message tab enables you to send and receive messages from your assigned bookkeeper. The Fit Small Business editorial policy is rooted in the company’s mission, which is to deliver the best answers to people’s questions. This serves as the foundation for all content, demonstrating a clear dedication to providing valuable and reliable information. If you don’t possess the required know-how to keep your books, or simply hate having to do bench accounting login so, then Bench.co might be for you. In fact, Bench shines with third party integration, for example integrating payroll tools like Gusto Payroll or Justworks Payroll.
Summary of Bench’s Offerings
These calls are centered around reviews, obviously, hence you’ll be connected with your bookkeeper and discuss how things are progressing. From what I gather, there’s no specification as to Retail Accounting why you should call. A Business check-in is as good a reason to call as a business inquiry, so don’t be shy.
Bookkeeping is the systematic recording of financial transactions on a daily basis. The Digital Merchant has the best strategies and tools to grow your digital business. People seem to feel that Bench.co is an extremely responsive and friendly bunch. The fact you’ve got your own bookkeeper to communicate with helps you form a professional yet friendly bond with Bench. To stop you from worrying, Bench.co provides 256 bit-SSL/TLS encryption.