Bookkeeping is a necessary part of running a business, but it’s also one that’s easy to put off. If bookkeeping is the most dreaded part of entrepreneurship, it may be time to get help.
This is where a company like Bench can come into play.
What is Bench?
Bench is a bookkeeping service that integrates human bookkeepers with cutting-edge technology. By linking and syncing your financial with the Bench platform, your bookkeeper will be able to manage your accounting.
Bench describes itself as “America’s largest professional bookkeeping service for small businesses.”
What are Bench’s main features?
Bench promises to help you stay in tune with your finances. Bench’s programs come with bank-level security (256-bit SSL/TLS encryption) for your protection. Bench is accessible via desktop or mobile, and your accounting team is a simple message or phone call away.
Bench also offers:
- Regular check-ins with a bookkeeper
Your bookkeeper will keep regular communication with you to resolve any of your doubts. They’re even available via instant message during regular business hours.
- Up-to-date financial snapshots
Bench wants you to understand what your financial status is, what books are complete, and which projects are pending.
- Peer-reviewed books
When your bookkeeper is finished with your monthly support, it is reviewed for quality and accuracy internally before it’s finalized.
- Account syncing
Link your bank, credit, and payment accounts to Bench’s software so that your bookkeeper can see your transactions and import them into the correct categories. You can read about Bench’s security standards here.
- Tax support
Calculating and paying taxes can be stressful regularly. If you have to prepare taxes for multiple years, even more so. If this is your situation, then Bench may be able to help you out. The company can handle your overdue books.
- Expert educational resources
The Bench blog is loaded with useful articles for business owners. There, you’ll find information-rich posts on loans, business taxes, grants, sales tax, social security, small business guides, and much more.
Security measures with Bench
When you sign up for Bench, you are entrusting someone else with your personal and financial information. So you may have questions about the company’s security measures.
On top of using bank-level security encryption to secure data, Bench employees must pass a background investigation, criminal record check, and multiple interviews.
Who is Bench for?
Bench is for small business owners, who prefer interactions with humans. It’s for those who want to communicate with a dedicated bookkeeper on a regular basis.
Who isn’t Bench for?
Bench is aimed at small businesses, so if your company is bigger, it might not be the best choice for you. And because Bench does your bookkeeping for you, it may also not be for those who prefer a DIY approach.
Currently, pricing for Bench ranges from $149 a month to $299 a month, depending on the size of your business and what your needs are.
There is also an additional charge of $600 to $1320 for help with tax filing.
Bench aims to make bookkeeping easy for small business owners. It offers a dedicated bookkeeper and other robust features. It also comes at different price points.
If you’re unsure of where you stand with Bench, you can take a free virtual tour to get to know Bench better. You can see its tools and what it’s like to use its services. If you want to take it a step further, you can sign up for a 30-day trial to see if Bench works with your business needs.