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You can add any amount of Catch Up bookkeeping to a standard Bench plan. No matter how far behind you are (yes, even years behind), we can get you caught up quickly. If you’re switching from QuickBooks, we’ll work from your closing balances to do your bookkeeping going forward. If you’re not sure whether your closing balances are accurate, we recommend chatting with one of our Onboarding Specialists about Catch Up bookkeeping. FreshBooks’ iOS and Android apps let you painlessly invoice your clients and track expenses wherever and whenever you need to.
We also support clients that use other merchant processors. We’ll work with you to connect accounts and pull the data we need to reconcile your books. QuickBooks, Xero and other do-it-yourself bookkeeping software give you a tool to do your own bookkeeping and taxes. 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. With Premium, you get expert tax prep, filing, and year-round tax advisory support.
When can I use my financial information to make confident business decisions
They also make adjustments to your books to ensure they’re tax-compliant. Occasionally your bookkeeper 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. Bench has a proprietary bookkeeping system that doesn’t sync with other accounting software. This could make it difficult to switch bookkeeping services later.
Small adjustments may still be made later by your bookkeeper, before the books are fully complete. If you’re several years behind on your bookkeeping and taxes, you can get caught up and filed with Bench Retro. We use our own proprietary software to complete your books.
Built for small business
Your quick responses will ensure we can get your books ready on time and accurately. Bench automates the secure inflow of financial information when you connect your accounts. This ensures that you can see financial information updated in real time, giving you insights you can use whenever you need, even before your books are ready.
- You won’t need any other software to work with Bench—we do everything within the platform.
- Once we have everything set up, we’ll complete a month of your bookkeeping in 1-2 days.
- Once your bookkeeper completes your year end financials, your dedicated Tax Coordinator and Bench Tax Advisor will facilitate the preparation, review, and filing of your income tax return.
- This could be helpful if you’ve been behind on your books all year and tax deadlines are approaching.
- You won’t need any other software to work with Bench—we do everything within our easy-to-use platform.
- You can send a message to your Bench team from your computer or the app at any time, and your bookkeeper will reply within one business day.
I have multiple bank accounts and they always reach out on time when they need a document uploaded. I plan to continue working with them for as long as I’m in business. All the financial data for the month is captured and your team has completed the monthly bookkeeping. Before your tax filing, any further refinements for compliance bench accounting login and precision will be made by your team as they finalize your Year-End Financial Package. Small businesses don’t have to use accrual basis accounting, but it typically provides more accurate insight into your finances than cash basis accounting does. Bench does offer accrual adjustments, but they start at an extra $100 per month.
