An Inside Look at How Bench Does Your Bookkeeping Bench Accounting

Well, I guess it’s still “the good old days” for most bookkeepers. You probably didn’t start a nonprofit to do accounting. Here’s the basics you need to know to stay on top of your books and taxes. This is a straightforward guide to the chart of accounts—what it is, how to use it, and why it’s so important for your company’s bookkeeping.

How to Catch Up on Your Bookkeeping

The basic plan for small business owners covers monthly bookkeeping and tax-ready financial packages. Get intuitive software that syncs directly with your small business accounts to deliver tidy, perfect books each month. The closure of Bench Bookkeeping is a reminder that not all bookkeeping services are created equal. By choosing a trusted partner like Hill Bookkeeping & Consulting, you can ensure bench bookeeping your financial health is in good hands—today, tomorrow, and beyond. Occasionally, we may need additional documents, such as account statements or receipts, to ensure the information we have is accurate.

Accounting Services

In addition, Bench promises that your bookkeeper will respond to any messages or calls within one business day or less. This means you won’t spend a week chewing your fingernails if you have a concern. Once I installed the app, I could log in to my Bench account, load my financial data, and replace the demo data. 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. Once I took the call, the onboarding specialist was incredibly helpful, taking the time to learn about my business and what I expected to get from the service.

• Get free guides, articles, tools and calculators to help you navigate the financial side of your business with ease.
• This means access to invaluable financial data that can help you stay on top of your cash flow and guide your decision-making.
• Occasionally we might need your input on things like categorizing a transaction properly, but we try our best to make bookkeeping as hands-off as possible for you.
• And if your business has complex financial needs, Pilot is probably the best bet.
• We understand that accurate, reliable financial management is the backbone of any successful business, and we’re here to help you build a strong foundation.

We’re here to help you explore whether our cash basis bookkeeping is a good fit for your business. Reach out anytime — we’d love to learn more about your business needs and see how Bench can support you. After you sign up to Bench, a member of our bookkeeping team will assist you in connecting all your financial accounts securely to our platform.

• If getting your books caught up is your priority, our Catch Up and Retro bookkeeping teams will work with you to get your books in order, fast.
• Try setting aside and scheduling a ‘bookkeeping day’ once a month to stay on top of your financials.
• Everything you need to know about switching from DIY to done-for-you bookkeeping.

What Are Operating Expenses? (With Examples)

Bench has partnered its bookkeeping services with Freshbooks’s business invoicing and billing to create an all-in-one financial solution. Built with small business owners in mind, Bench and Freshbooks can streamline your invoicing and time tracking while keeping your books accurate. As a small business owner in St. Louis, Missouri, you have plenty on your plate without the added stress of bookkeeping and taxes.

There are many signs that you need to hire a bookkeeper, and only you will know for sure when it’s time to outsource your bookkeeping. Your clients need help with bookkeeping and you’re wondering if Bench is the right fit? We’ve compiled some common questions and info here for tax professionals working with Bench. One of Bench’s partners, tax professional and Enrolled Agent Adam Short, shares why bookkeeping is so important to the tax resolution process. This comparison of a popular DIY bookkeeping product and Bench’s full-service online solution will help you choose which is best for your small business.

Debits and Credits: A Simple, Visual Guide for Business Owners

The team will reach out to you if they need any more information or clarification. Bench helps small business owners like you save time and money doing your bookkeeping and income taxes. That means if you want to scale and change providers in the future, you’ll have some trouble.

How to Outsource Your Bookkeeping

A business income statement includes both gross and net income. Each can provide valuable information about the overall health of your small business. Learn how to handle your small business accounting and get the financial information you need to run your business successfully. The accounts receivable turnover ratio is a simple formula to calculate how quickly your clients pay. Unearned revenue may be a liability on the books but it does have many benefits for small business owners. Bad debt is how your business keeps track of money it can’t collect from customers.

The magic happens when our intuitive software and real, human support come together. Book a demo today to see what running your business is like with Bench. With Bench, you get a team of real, expert bookkeepers in addition to software.

Accounting for Medical Practices: Tips and Best Practices

When your business needs outgrow the solutions we’ve covered, it probably means you need to grow your accounting department and employ an in-house bookkeeper. A freelance bookkeeper works with you one-on-one to get your books done. Freelance bookkeepers may be able to work online, in-person at your business, or both. Solo practitioners have varying levels of skill and experience.

They will do all your bookkeeping and send you reports monthly and at tax time. Hiring a local or online bookkeeper is a more cost-effective solution, and you’ll get year-round support with your finances. This means access to invaluable financial data that can help you stay on top of your cash flow and guide your decision-making. Then you can turn to accounting firms and tax professionals for just tax preparation, reducing your overall costs. When you sign up with Bench, the company immediately assigns you a dedicated bookkeeping team.

Bench offers an iPhone app, but there is no corresponding Android app. However, you can access Bench through your mobile browser from your Android phone. Pricing starts at $10/month for 40 invoices and 40 estimates, and scales to $30/month for unlimited invoices and estimates. Granted, it was during standard business hours, so I am unsure of how it would work outside that timeframe.