Bench Accounting Client Reviews

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Bench Accounting Client Reviews

Bench Accounting

Specifically, you will be assigned a team of three dedicated bookkeepers, one of whom will be your account manager. Whenever you have questions for your Bench Accounting bookkeeper, you can get in touch by booking a call, or sending a message through the Bench mobile app on iOS, or the mobile browser on Android.

Bench Accounting

While they tend to be on the slow side, I’m not entirely concerned. A Clutch analyst personally interviewed this client over the phone. Customers can expect an effective and professional engagement with their team. We’re here to help entrepreneurs understand what they want to do and where they want to go. If time is most precious, this collection of lifehacks is so so precious. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Bench Accounting Valuation & Funding

This makes it easy to get in touch with someone at Bench that knows the specifics of your account. With your team of professionals, it’s easy to keep your finances up to date and get answers to all of your bookkeeping and tax-related questions. By connecting your accounts and answering a few questions each month, your team will update and keep your records accurate. After adding your accounts and answering any questions from your team, Bench will typically have your bookkeeping completed for the month within 15 business days. The bookkeeping team is what makes Bench different from automated online bookkeeping software. With traditional online services users have to log in, set up, and manage their own accounts – Bench bookkeepers will do all this for you. Anyway, the major advantage of uploading all this financial data to an online platform is how easily you can access monthly reports, financials and review items.

Bench Accounting

Bench doesn’t offer bill payments, invoicing, or inventory management — all things that you’d find with most self-service software. You’ll also miss out on the integrations with business apps and software that you’d find with QuickBooks or Xero. And while Bench does have several important financial reports, its offerings are pretty basic compared to most accounting software. Until mid-2021, Bench was one of the lowest cost online bookkeeping services. Though their base pricing has creeped up, Bench still gives you a comprehensive but no-frills bookkeeping service for less than most. If you can get by with basic bookkeeping, then Bench is an excellent option.

Hackathons At Bench

Because as the people over at Bench Accounting probably know, people are more likely to support brands who care and who stand for something bigger than themselves. I’m sure the company is doing this out of the kindness of their hearts, but it’s fair to assume there’s some strategy involved here. Bench Accounting is a company that does this really well. All possibly valid reasons, and several could apply to any given business. The app is a great tool to have on hand when making purchases as you can scan receipts and simplify your expense reporting process. Bench users even get three months of Gusto for free, so there’s no risk in trying it out. Furthermore, information regarding specific transactions can be communicated on Bench’s platform through labels and notes.

  • Taxfyle experts have an average of 15 years of experience and, like all Bench employees, have passed background checks and are US-based.
  • Our partners cannot pay us to guarantee favorable reviews of their products or services.
  • Tax service and payroll integration are available as add-ons, and will raise your monthly payment.
  • You can sign up for a free 30-day trial before buying, with no credit card required.
  • And at tax time, Bench delivers a package with everything needed to get filed.

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly. This is a profile preview from the PitchBook Platform. The developer will be required to provide privacy details when they submit their next app update. For more information, see the developer’s privacy policy. Bench for iPhone is free and available to all current Bench clients. To ensure the most secure and best overall experience on our website, we recommend the latest versions of Chrome, Edge, Firefox, or Safari.

Has Anyone Ever Used Bench Accounting?

So, don’t be shocked if you go through a few bookkeepers during your time spent working with Bench. Bench.co buoys your financial reporting using your income statement, balance sheet, and visual reports .

  • However, it costs $83 more to avail of specialized bookkeeping.
  • Specialized bookkeeping is necessary if your business requires property tracking, third party revenue collection, or cash revenue and cash expense tracking.
  • But for small-business owners who expect to have relatively simple financials long-term, it could be well worth the cost.
  • We’re excited to keep providing you with the support to continue growing your business.
  • Bench bookkeepers are trained professionals, so you can be sure that your books are well taken care of, at a fraction of the cost of hiring a local certified public accountant .
  • Price-wise Bench is more expensive than Xero but offers more services.

Using bench takes bookkeeping tasks off my plate, giving me more time to focus on more important areas to grow my business. It’s been a huge time and money saver over the last few years. From the same Upload Document menu, you’ll find an email below the Upload Documents button, such as receipts+ You can send your documents to this email address. Premium package includes tax filing and unlimited tax advisory.

Every month, your bookkeeper will send you financials including an Income Statement and Balance Sheet. You will also receive visual reports that detail your revenue, expenses, and historical performance. However, it costs $83 more to avail of specialized bookkeeping.

I Appreciate The Monthly Reminders From Bench

You can schedule a time for your bookkeeper to call you. Bench’s core product is online bookkeeping software paired with in-house bookkeepers. Services include historical and monthly bookkeeping, cash flow and expense tracking, and https://www.bookstime.com/ financial reporting. Bench Bookkeeping also integrates with several other third-party apps including Stripe, Square, and PayPal. Bench was founded in 2012 by Ian Crosby, along with Jordan Menashy, Adam Saint, and Pavel Rodionov.

  • ” While on the outside our services may appear to be the same, there are a few key differences in our service offering that may help you make the choice that is right for you.
  • If the month-end close process feels like a mountain of tedious admin, you’re not alone.
  • That’s because Bench Accounting is on a mission to help small business owners get the support they need in these difficult times.
  • In fact, Bench shines with third party integration, for example integrating payroll tools like Gusto Payroll or Justworks Payroll.
  • If you’re using anyone other than Bench to manage your books, you can still avail of its tax services.
  • Bench promises to do your books for you, while keeping all your accounting data on its system so that you can access it any time, anywhere.

Referral Marketing Guide Explore 40+ hand-picked referral marketing resources and lessons. Bookkeeping is an absolutely essential business activity. If you cannot afford an in-house or dedicated bookkeeper, then Bench is an excellent alternative. Because Bench is synced to Gusto, deductions are calculated automatically. If you need help, Gusto has payroll specialists that are available for human support. At the end of each year, their partners at Taxfyle will file your return. Taxfyle experts have an average of 15 years of experience and, like all Bench employees, have passed background checks and are US-based.

Bench Makes My Business Life So Much Easier

The fact you’ve got your own bookkeeper to communicate with helps you form a professional yet friendly bond with Bench. Bench.co allows you to provide your accountant or business partner with access to your financial info. Naturally, they must receive permission from you before doing so. Finally, Bench gets its bookkeepers to double-check their colleague’s work.

Bench Accounting

If I’m missing something, they’re nice and courteous about following-up. It’s going to cost a little more, but the process makes it worth it. They ensure that our books are updated within a reasonable timeline.

Bench Accounting Investors

They were accepted into the startup accelerator program Techstars NYC in 2012 and by July 2013, they had raised $2 million in seed capital and settled on the official name, Bench. The Bench platform gives you monthly financial statements and expense overviews to keep you in control of your money. At-a-glance visual reports help you see the big picture and give you actionable insights to help you grow your business. However, the access to features and teams of accountants still makes it affordable compared to some other solutions, or to an in-house bookkeeping team.

How Bench Uses Canny Internally To Build A Transparent Culture Around Product Feedback

For each year of overdue books, BenchRetro provides a Year End Financial Package so that your business can file overdue taxes and apply for loans. Each BenchRetro plan is custom, so you’ll have to book a free consultation to work out a payment plan. However, one drawback people have noted about Bench is that the accounting service turns over a lot of bookkeepers. Bookkeepers are people too, hence some leave the Bench team for pastures new.

What Are The Alternatives To Bench?

You’ll have three members on your bookkeeping team, including a senior bookkeeper. If you sign up for Bench’s tax services, you’ll also have a tax coordinator, tax advisor, and tax preparer.

Bench does not have an API, which would allow you to combine your non-financial data with the data that syncs with your Bench software. If you neglected your books for up to two years, you can add Historical bookkeeping to any standard Bench plan. Notably, monthly and yearly income comparisons are visualized on a line graph, and the top ten expenses from each month are always displayed on the home page. According to salary.com, the median annual cost of an in-house bookkeeper is over $40k. For many small businesses and startups, this salary falls far outside of their budget. Sometimes, you’ll need to show bills and receipts to Bench.

Bench Accounting, Inc

It doesn’t matter how successful a business looks, but fundraising is hard. And then, 20 meetings later you’re just like, alright, I have to say the same thing again, when you said to people, you know, answer the same questions. I estimated the price of the product to be about 8 hours and i do not want to spend that time on accounting/tax stuff. Overall, I think a service like Bench is worth buying.

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