In this article, you’ll read in-depth bench accounting reviews, why you need them to handle your bookkeeping for you and their alternatives.
Bookkeeping is one of the time-consuming activity in business but any business can’t effectively do away without it.
Every business needs concrete bookkeeping services in order to maintain a healthy financial flow.
But hiring an in-house bookkeeper is expensive to many small businesses and freelancers, that’s why a company like a bench exist to wave away the stress from you at a very affordable cost.
So are you ready to learn more about Bench accounting today and automate your bookkeeping activities in matters of minutes?
If so, let’s get started.
Table Of Contents
- 1 Bench Accounting Reviews
- 2 Who bench accounting is for?
Bench Accounting Reviews
What is bench accounting?
Bench accounting is an online bookkeeping services company that would handle your bookkeeping for you so that you can focus on growing your business.
Bench gives you a professional bookkeeper at a price you can afford and powerful financial reporting software with a zero learning curve.
With bench you don’t need to do your bookkeeping or hire an in-house bookkeeper, they do that for you, so you don’t have to, unlike other DIY software.
There’s zero learning curve with bench.
Instead, they paired you with a dedicated expert who knows your business and he is with you every step of the process.
It’s all the benefits of an in-house bookkeeper at a low cost.
Who bench accounting is for?
Bench is for any small business or freelancers in the USA that needs to with an expert bookkeeper at affordable cost.
Right now bench only render service to business or individual reside in the United state so if your business resides in the USA and you are currently looking for a professional bookkeeper for your business them bench accounting get you covered.
5. Reason why you need bench accounting for your business
There are tons of reasons why you need a service of bookkeeping services company like the bench. But we would only discuss 5 which are the major reasons.
1. Save money
Working with bench accounting will get you rid of so many expenses, such as office space for an in-house bookkeeper, desk, computer, internet connection fee, huge bookkeeper salaries, allowance etc.
Which means more money in your pocket.
According to salary.com, every in-house bookkeeper salary is around $38,937-$49,768 per annual but with bench, you can get your entire bookkeeping done for just $189/month or $1,908/year.
Can you see the difference?
It huge right?
Nearly all virtual bookkeepers are professional who knows what their job and how to do it effectively.
So are bench staffs too.
To hire a professional bookkeeper require a huge sum of money but with a virtual bookkeeping services company, you can get started working with high professional and talented bookkeeper at affordable cist.
3. Save time
Bookkeeping is one of the most time-consuming in business activities.
Working with a bookkeeping services provider like bench accounting will grant you a lot of time to focus on growing your business.
You don’t have to involve in bookkeeping activities every day anymore all you have to do is to schedule time with them which means at your own convince.
4. Tax preparation
Tax preparation can be a lot of work and it’s a must to do if you really want to run your business smoothly in your country.
To avoid time-wasting and government harassment folks at the bench can help you get rid of these challenges
5. 5 stars customer services
Nothing annoying like trying to reach or need help from your business partner and they aren’t available to help you out.
Every of their plan includes a dedicated team of small business bookkeeping experts that will work with you day in day out o make sure everything are in order.
Bench accounting services
They have four main services that are highly useful to any small business that needs their services
1. Monthly bookkeeping
They will take care of all your bookkeeping from you, do them for you and give you in-depth financial reports.
With this service, all you have to do is to sign up for their services, tell them about your business and expenses, you’re set to receive professional bookkeeping services for your business.
This service is for any business that is looking for a professional bookkeeper to handle their bookkeeping monthly.
This service is for a business owner who needs bookkeeping, tax preparation and tax filing.
This is tax preparation and bookkeeping done for your business.
Tax preparation and file is a tedious thing to do but with Bench you have nothing to worry about, from hitting deadline to year-round tax advisory support, they have got you covered.
When is time to file, they’ll pair you with a trusted tax pro so that you can get ready for the smoothest tax season?
Bench tax gives your business an all-in-one tax and bookkeeping solution.
They keep everything organised for you, at every step of the way.
The best thing is; they prepare and file the tax for you so that you can avoid doubting tax work.
3. Catch-up bookkeeping
This service is for business owners who are less than 2 years late on their bookkeeping.
If your bookkeeping is overdue then this services is for you.
They’ll pair you with an expert bookkeeper to get your bookkeeps up-to-date and fully ready to file fast.
4. Bench Retro
Bench retro is for business owners who are more than two years behind on their bookkeeping.
If you’re several years late on your bookkeeping then this services is for you.
Bench retro gives you a specialised team of experts to get you back up with your bookkeeping and tax quickly as possible.
There are the major Bench accounting services.
If you need anything other than that you can book a call with the supporting team to get all your queries answers.
Bench Pricing Plans
Bench accounting has pricing plans that suit all kind of businesses and freelancers.
Their Pricing plans are tailored to your expenses, so here is their plan list below;
|Bench Plans||Average Monthly Expenses||Monthly Fee, When paid Annually||Free Trial|
|Starter||Unser $3,000||$159/m||30 Days|
|Boutique||From $20,000-$50,000||$249/m||30 Days|
|Venture||From $50,000-$100,000||$299/m||30 Days|
|Corporate||From $100,000-$1m||$419/m||30 Days|
Every plan comes with your own dedicated bookkeeper and intuitive software to track your bookkeeping services progress and finances.
If your expenses is more than what you have seen in the table above, you have nothing to worry about.
Bench still have room for you, all you have to is to speak to their expert and they would gladly meet your need.
You can get started working with bench without paying a dime.
The reason behind this; is for you to test whether they truly the type of bookkeepers you’re looking for.
Bench pros and cons
Working with professional bookkeepers have a lot of benefits and everything that has merits have demerits, so let’s quickly look into the pros and cons of working with bench accounting.
- It saves you time
- They’re fast and reliable to boost up your bookkeeping
- It saves you money
- Catch-up bookkeeping service available
- It’s free for 30 days
- To level data security
- It grants you access to professional bookkeepers at a low cost
- It relieves the stress of your head
- 24/7 support
- It’s hard to switch to another platform according to some of their users
- The don’t have in-house tax preparers, they have to rely on the taxfyle team to get your tax done which means more data exposure, which may lead to your data leakage to data thieves.
Bench frequent ask question (FAQ)
1 How does bench accounting work?
Bench team will run your bookkeeping if you signed up with them. They’ll also assign you a dedicated bookkeeper that will help you with all the help you might need daily.
Bench Accounting does bookkeeping on a monthly basis. After you sign up for a Bench account, They will connect your financial accounts, this includes bank accounts, credit cards, loans and merchant processors to your Bench account.
Your bench team of bookkeepers will categorize all your transactions, reconcile your bank accounts and prepare financial statements for each month within 15 business days.
When your bookkeeping is been done for the month, you’ll receive a message.
At that point, you can view your financial statements and account information online. If you have any questions, it’s easy to get in touch with your Bench bookkeepers by sending them an in-app message or calling them.
2. Who is the CEO of Bench?
Ian Crosby is the co-founder and CEO of Bench, North America’s largest bookkeeping service.
And Bench was founded in 2012 by Ian Crosby, along with Jordan Menashy, Adam Saint, and Pavel Rodionov.
3. Do Bench and Quickbook online the same?
No…Bench will help you do your bookkeeping while with Quickbook online or Xero you’ll do your bookkeeping yourself with help of the apps.
4. Which Bench plan is good for my business?
During your first month free trial with them, they’ll evaluate your business monthly expenses volume and recommend you the best plan that fit your business.
5. Do I pay an extra fee for the account and add-on?
Not at all – all Bench plans include monthly bookkeeping for up to 15 financial accounts. This includes bank accounts, credit cards, loans, and merchant processors.
6. Where does bench accounting locate?
Bench accounting alternative
Botkeeper provides bookkeeping and pre-accounting services to their clients.
Botkeeper combines artificial intelligence and machine learning technology, with high-quality skilled accountants to deliver a full-suite bookkeeping & pre-accounting solution to Accounting firms, and their clients.
You and your client base will receive 24/7 accounting and support as well as incredible insight into financials with beautiful dashboards and unlimited reporting.
Botkeeper starts by securely integrating with banks, credit cards, payroll providers, and more to access and extract data from both financial and non-financial sources to fulfil your bookkeeping and tax filing.
Botkeeper Pricing Plans
Botkeeper pricing plan Starting at $55 per month if billed annually
Does this Bench accounting reviews cover what you’re looking for?