” or “I sell products online and I am not sure if I should be charging sales tax. Otherwise, you’re limited to Gusto for Payroll, which is a separate service you’ll have to sign up for and connect. 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.

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• I’ve been able to link the reports to my card processing software and bank, and get updates as they have questions.
• If you need help with payroll, you’ll need to invest in another service.
• Get advice on how this critical element affects business decisions and operations.
• If you send an invoice due in 30 days, that revenue is recorded when you send the invoice (instead of when it’s paid).
• If you have any questions, you can get in touch with your Bench bookkeepers via in-app message or by booking a call.
• Founded in 2012, Bench has quickly become a popular choice for small business owners looking to outsource their bookkeeping tasks.
• 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.

By the time you finish reading, you’ll know if Bench lives up to the hype or if another bookkeeping solution is your answer. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion Insurance Accounting University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies.

• When you know how to read your financial statements, you can find ways to increase your profit and catch problems before they grow.
• Without a profit, they pay a flat alternative minimum tax (AMT) of 6.65%.
• Bench trains all their accountants in-house and each employee undergoes extensive background checks.
• Partnering with Gusto while you’re a Bench customer will give you a 30% discount on their services.
• You’d have to upgrade to the Core plan, which costs an extra $150 per month at a minimum, to get monthly phone reviews with a bookkeeper.
• Our visual reports provide insights into your business, helping you make smart decisions.

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The first difference between the two services is the software each uses to handle your bookkeeping. Discover how we can help you have better finances with a personalized demo from a Bench expert, ready to answer all your questions. Sign up as a customer today and get a free month of bookkeeping. Customers will be given the choice to port their data or keep their service under new ownership, Charney told TechCrunch. We’ll set up or migrate your business finances to our bookkeeping system that makes keeping your books easy.

Step 3: We help do your bookkeeping

Now, there was one thread left on Reddit that caught my eye regarding Bench.co. It was from a reviewer who explained how they had initially purchased a Bench.co subscription to manage bookkeeping their income and expenses via reports from 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. As previously mentioned, you can schedule a call via Bench’s app. These calls are centered around reviews, obviously, hence you’ll be connected with your bookkeeper and discuss how things are progressing.

• Get intuitive software that syncs directly with your small business accounts to deliver tidy, perfect books each month.
• Bench pricing ranges from $249.00 to $499.00 per month, depending on the size of your business.
• For larger businesses with more complex financial needs, the Premium plan is the best option.
• Bookkeepers are people too, hence some leave the Bench team for pastures new.
• With Sage Accounting’s inventory tools, you can stay on top of stock levels and set reorder alerts.

How we support our customers

Every report accessible in the Bench platform can be exported to an Excel file for easy sharing with anyone from business partners to accountants. Learn more about Bench, our mission, and the dedicated team behind your financial success. Choosing the right bookkeeping service isn’t always black and white, especially if you’re scaling or evaluating multiple vendors. To bench accounting pricing help you make the most informed decision possible, we’ve pulled together a few resources below that break down bookkeeping needs, comparisons, and best practices. Join thousands of other business owners in America that trust Bench with their books. Paloma Concordia talks about money mindset and why investing in yourself and tools like Bench Accounting and FreshBooks always pays off.