Bench Accounting Api – TAJPACK

Bench Accounting Api

Bench Accounting

Pretty straight forward and it makes finances look easy. I had good experience with some of the people who work there. The amount of work my simple company asked for was not the according to the full price I should be billed with.

  • I don’t know if I feel excited about raising any more but as much as I do feel relieved.
  • When your bookkeeping has been completed for the month, you’ll receive a message inviting you to view your financial statements and account information online.
  • 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.
  • Let’s talk about how your product can solve the business needs of our visitors.
  • People seem to feel that is an extremely responsive and friendly bunch.
  • Have you ever paid for an insurance policy in one lump sum?

A year end package with everything you need to file comes standard with Bench. Upgrade your plan, and cross even more off your to-do list.

Which Features Does Bench Offer?

That’s the same encryption level as used by many banks, and it’s believed to be impossible to hack. Online apps tremendously improve visibility and increase ease of access. You can check Bench so long as you have an internet connection.

Bench Accounting

Whether Bench is a good choice for your business depends on what your business needs are. If you’re looking to save time and have your books done quickly and accurately, then Bench will get the job done. Bookkeeping is an absolutely essential business activity. If you cannot afford an in-house or dedicated bookkeeper, then Bench is an excellent alternative.

Can You Convert A Quickbooks Online, Quickbooks Desktop, Or Xero To Bench?

From what I gather, there’s no specification as to why you should call. A Business check-in is as good a reason to call as a business inquiry, so don’t be shy. In terms of tax filing, Bench bookkeepers will do all the heavy lifting for you and send you the end product. You can then simply go and declare your tax at tax time. However, the option is there to get Bench to do it for you through the aptly named BenchTax. It’s worth noting that bench is only available to US-based small businesses . Interestingly, claims to be the largest small business bookkeeping service in the US.

A good way to think of Bench’s service offering is to look at it as a basic checkbook reconciliation. Money moving in and out of your bank account will get entered on the date they clear your account.

You have access to your financial reports and transaction data on your account dashboard, but you never have to log in, if you don’t want to. When you sign up with Bench, the company will assign a dedicated bookkeeper to your business. Over a phone call, your bookkeeper will ask questions about you and your business. We help you save time and money by reviewing great software. Additionally, Bench’s in-house team of bookkeepers are available for questions/help via instant messaging, and respond within one business day. Most business owners will be better off outsourcing and spending their time bringing in new business. This description fits the large majority of small businesses, so Bench has a big market in which to grow.

Each BenchRetro plan is custom, so you’ll have to book a free consultation to work out a payment plan. While much of the tedious aspects of bookkeeping are eliminated by the software, the bookkeeper will manually reconcile your accounts and categorize your transactions. As the business owner, you don’t have to spend time on any of it.

Bench Accounting Alternatives And Competitors

In general, Bench Accounting isn’t a good fit for businesses that may need to scale or switch providers later on. It limits the number of financial accounts you can have on standard plans and operates on proprietary software that doesn’t sync with commonly used accounting software. But it’s affordable, compared to similar services, and provides valuable expertise. For freelancers or small businesses with relatively straightforward financials, it’s a great time-saving option. Depending on how large your business is and how many transactions you’re managing, this product may be too expensive. For example, I’ve used Quickbooks Self-Employed for years and it’s under $20/mo. In comparison, Bench is hundreds of dollars per month.

Bench Accounting

With traditional online services users have to log in, set up, and manage their own accounts – Bench bookkeepers will do all this for you. Bench is the largest online bookkeeping service in the United States for small businesses. They launched in 2013 as an affordable bookkeeping option for businesses that can’t afford dedicated in-house bookkeepers, but who need and want to understand their financial position. You should definitely consider hiring an accountant or bookkeeper if you need help seeing your whole financial picture so you can figure out how to manage the business better.

All bookkeepers are in-house employees who receive training. In January 2014, Bench Accounting raised $1 Million from VCs and angel investors. In 2016, they raised $16 million in Series B funding, led by Bain Capital Investments, with Altos Ventures, and Contour Venture Partners participating. In 2018, Bench secured $18 million in a B-1 funding round led by iNovia Capital with participation from existing investors Bain Capital Ventures, Altos Ventures, and Silicon Valley Bank. “Bench gives me the peace of mind that my bookkeeping is done correctly so that I can focus on growing my business.”

This ensures that each transaction is automatically imported and tracked by the Bench software. Started in 2012, Benchhas grown quickly to become one of the industry’s hottest accounting services startups. In January 2018, Bench raised $18 million, for a total of $53 million invested to date. With 350 employees, Bench appears poised to scale into what would be a first for the industry—a national bookkeeping services firm. Bench has helped our small business with our error-free financials for almost a year. One does not need accounting experience; your team will make bookkeeping fast and easy. They are honest and always readily available when you need them.

Bench Accounting is a virtual accounting service provider that offers bookkeeping and tax support for businesses and individuals. You’ll also receive an online application that allows you to view the status of your financial data and communicate with your bookkeeper. Provider of online bookkeeping services intended to automate and digitize accounting tasks. Bench Accounting offers two plans, Essential and Premium, which cost $299 per month and $499 per month, respectively. Both plans include monthly bookkeeping and year-end reporting, but Premium gives you more features, like unlimited tax advisory services and federal and state income tax filings.

Bench Bookkeeping Plans And Pricing

Thank you for taking the time to onboard with us and giving our bookkeepers your time to learn the nuances of your business! We are so happy to hear we’ve been able to make your life a little easier. We’re excited to keep providing the support you need so you can continue to grow your business. Receipt Stash simplifies accounts payable bookkeeping by automatically extracting expense information from any receipt or invoice, and categorising items using dynamic supplier rules. All expense items are stored securely in a single, easily searchable cloud based account and can be published to your accounting software with the push of a button. Bench is a proprietary accounting software which does not provide an export that is compatible with major accounting software .

Hi Steve, thank you for sharing your experience with us. It’s great to hear that your team has been friendly, professional, and helpful.

  • In January 2014, Bench Accounting raised $1 Million from VCs and angel investors.
  • An accrual-based bookkeeping method would record that invoice as soon as the invoice is sent.
  • So, your books are much less likely to be incorrect.
  • Bench has helped our small business with our error-free financials for almost a year.
  • For an additional fee, Bench provides overdue bookkeeping services.

The app is a great tool to have on hand when making purchases as you can scan receipts and simplify your expense reporting process. Because Bench is synced to Gusto, deductions are calculated automatically. If you need help, Gusto has payroll specialists that are available for human support. Should you decide to switch, you may have to manually transfer the data yourself or pay another service for assistance. As one of the 30 fastest growing tech companies in North America according to DeLoitte, Bench has proven its ability to simplify business bookkeeping. Let’s talk about how your product can solve the business needs of our visitors. Please note that these are generalizations, and the individual needs of your business may not quite fit into the revenue figures above.


Durrios brings 20-plus years of finance and operations experience in the tech industry. He joins Bench from DISQO, where he was CFO and COO for the consumer insights platform. Before that, he led strategic finance and operations at vertical SaaS leader ServiceTitan during its growth phase. We’re three Canadians and a Russian, so where are we going to go? We all have been, at various times looking at Vancouver and just realized Vancouver was the place we wanted to live. From there we moved ourselves and our two employees at the time, and we’ve scaled from here, but it’s still just the US market.

Bench Accounting

This is the Redfin of bookkeeping – changing the game. They have been very patient with me and getting back to them. The client praises Bench Accounting for their fast communication, as well as the internal bandwidth their services free up.

Where Did You Launch And What Markets Are Bench In?

This is when accrual basis financials start to become important. When a business is small, this will happen naturally, but as soon as a business grows and becomes more complex, accrual basis bookkeeping is necessary for the financials to be meaningful.

In our review you will learn more about features, pros, cons, and factors to consider when choosing your accounting software. Our mobile app lets you keep tabs on your cash flow and track your expenses. Your bookkeeper automatically imports info from your bank and credit accounts, so your accounting is always on track.

Is Bench Bookkeeping Right For My Business?

During COVID I had to get my business up and going, get clients, execute projects, and get things done. When the end of the year came up I dreaded the work that was ahead of me with several big projects in progress. Then, through the service I use to pay my contractors, I found out about Bench and it has changed my business AND my life. Bench took 15 months’ worth of books that needed to be done and assigned them to a “catch-up” accountant.

Cash Basis Accounting

You’ll use the Bench app to communicate with your bookkeeper, upload documents, and view financial statements. If you need help or have a question, it’s easy to get in touch with Bench. You can send a message from the desktop browser within the app or use the mobile app for iOS. You can schedule a time for your bookkeeper to call you. Bench is the online bookkeeping service for your business. We give you a team of bookkeepers to do your books, and simple, elegant software to track your financials. All Bench bookkeepers are employees who receive regular in-house training.

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