What is Bench?
Bench offers a complete accounting solution for small businesses by integrating automated software with dedicated human bookkeeping experts. The platform handles monthly bookkeeping, catch-up services, income tax filing, and tax resolution while providing real-time financial insights and reporting.
Through secure account connections, Bench automates data entry and transaction categorization while maintaining accuracy with professional oversight. Business owners receive monthly financial statements, expense overviews, and year-end tax packages, supported by unlimited communication with their dedicated bookkeeping team.
Features
- Dedicated Bookkeeping Experts: Professional human support with unlimited communication and personalized service
- Automated Transaction Categorization: Smart automation powered by AI for accurate transaction classification with instant guidance
- Real-time Financial Reporting: Access updated income statements and balance sheets with at-a-glance visual insights
- Document Organization: Secure upload, management, and access to financial documents with just a few clicks
- Tax Preparation and Filing: Complete income tax filing services with licensed tax professionals and year-round advisory
Use Cases
- Monthly bookkeeping for small business owners
- Catch-up bookkeeping for businesses behind on financial records
- Income tax preparation and filing for various business structures
- Tax resolution services for IRS issues and back tax liabilities
- Financial management and reporting for business decision-making
FAQs
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How does Bench handle bookkeeping for my business?
After signing up, your dedicated bookkeeping team helps connect your financial accounts securely to the platform. They reconcile accounts, categorize transactions, produce financial statements, and make adjustments for accuracy and tax compliance, with occasional input needed from you for proper categorization. -
What software does Bench use for bookkeeping?
Bench uses proprietary software to complete your books, with no additional software required. All reports can be exported to Excel files for easy sharing with business partners or accountants. -
Does Bench support both cash and accrual accounting?
Bench specializes in a modified version of cash basis bookkeeping, recording transactions when funds are deposited or charged. They do not offer accrual accounting services but can help determine if their approach fits your business needs. -
What happens to my financial data if I cancel my subscription?
You maintain login access to your data within the platform after cancellation, with all reports exportable to Excel. Bench can also fully wipe your data upon request, as it's your information.
