We review your books on a quarterly basis and provide reports to have you covered for any changes. When it comes to tax filing, there’s a lot of moving pieces. Your team of experts tracks every detail for you, and works in tandem to get you organized and filed on time. Learn how to build, read, and use financial statements for your business so you can make more informed decisions. Schedule today and we’ll do one prior month of your bookkeeping and prepare a set of financial statements for free. A year end package with everything you need to file comes standard with Bench.

After I entered some basic information about my company, the number of employees and contractors, and monthly revenue, I could start my account. That’s not to say other merchant processors won’t work – it just means you’ll need to take a few minutes to speak with your bookkeeper to get the required reports. Bench integrates with Stripe accounts, Square accounts, and Shopify accounts.

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 people, organization, resources, and software are top-notch. The price, however, is too much for someone who is self-employed or a small business owner with limited transactions. You’ll also have access to the IRS forms you need to file; the reports give you what you need to file. What I really appreciated about Bench as a small business owner is the access to the research team to ask questions.

Frequently Asked Questions

Bench offers extensive bookkeeping and accounting services that cater to the various needs of growing businesses. 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.

Simplify your small business bookkeeping with Bench.

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 took the call, the onboarding specialist was incredibly helpful, taking the time to learn about my business and what I expected to get from the service.

Popular Questions

Alternatives like QuickBooks Online and Xero offer different features and pricing options. Bench excels in offering personalized services via dedicated bookkeepers, a feature that many alternatives handle through automated systems. However, some businesses may prefer more versatile software like QuickBooks, which offers comprehensive accounting features beyond just bookkeeping. In addition to basic bookkeeping tasks, Bench offers several special features and integrations.

Get control of your books now

• Other companies offering similar services adjust pricing upward as your business grows, making managing it more expensive.
• We’ll do a month of your bookkeeping in one business day, and deliver a set of financial statements for you to keep.
• Our partners at Taxfyle will file your return at the end of the year.
• You can search for your institution if you don’t see it in the list.
• ” or “I sell products online and I am not sure if I should be charging sales tax.

There wasn’t a clear “FAQ/Help” section in the dashboard, as they direct you to message your bookkeeper directly. I intentionally didn’t take the first few calls to test their persistence – to ensure they’re committed to serving their new customers. Everything you need is clearly labeled on the right-hand side of the screen, and you can get to more detailed sections of your accounting information with the tabs across the top. As I went through and checked off items, I got a nice tutorial of the interface, showing me where to find important things, like the ability to download my income statements.

• Fincent is highly similar to Bench, in that you can access a team of live bookkeepers – not an AI tool.
• By offering both software and human expertise, Bench aims to simplify and streamline the bookkeeping process.
• Additionally, spreadsheets can assist in managing custom reports and data that might not fit into standard accounting software formats.
• Bench also provides tax season support, helping to prepare your documents for filing and ensuring you maximize deductions and credits.
• As of August 2019, Bench announced BenchTax in partnership with Taxfyle17 in order to provide tax preparation and filing for clients.
• Any 1099 transactions are categorized according to date, details, and the payee name, so it’s easier to process with the IRS when the time comes.

Get free guides, articles, tools and calculators to help you navigate the financial side of your business with ease. Here are 11 alternatives to explore, each with a different emphasis in supporting your small business finances. You’ve heard of « spend money to make money, » but what about « spend money to bench accounting login save money? » That’s the case with tax deductions and you won’t want to leave any on the table. Keeping a stock of receipt books, ledgers, pens, and calculators is crucial for maintaining manual records and backup documentation.

Real-time insights at your fingertips

Recognizing the 5 basic accounting principles is crucial for businesses to ensure consistency, reliability, and transparency across all accounting practices. The Get Started checklist made it incredibly easy to set up my account and ensure I gave the team everything they needed to help me. 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. It doesn’t offer any kind of payroll services but instead advises customers who need it to use Gusto.

With our Bookkeeping & Tax plan, you get expert tax prep, filing, and year-round tax advisory support. Learn more about Bench, our mission, and the dedicated team behind your financial success. Maximize your entrepreneurial endeavors and let Milestone be your guiding partner in this journey. With our unparalleled expertise in accounting, HR, and payroll services, we transform your back office into a powerhouse, allowing you to focus solely on expanding your business. Partner with Milestone to turn potential into performance and achieve your growth milestones today.

Tax Season

Our partners at Taxfyle will file your return at the end of the year. They’re also background checked, accredited, and based in the USA—giving you total peace of mind. That’s why your dedicated Tax Coordinator supports you through the entire process.

You’ll need to use one of these merchant processors if you want to take advantage of automatic transactions from the start. You can search for your institution if you don’t see it in the list. After selecting your bank or credit card issuer, you must enter your account login information and choose the accounts you want to share with Bench.