No clue—but until we hear otherwise, you should assume you’re out of luck and that the services will not be provided. This especially stings since Bench recently launched an email campaign telling people that prices were going up, encouraging them to lock in the old rates via an annual prepayment. In a nutshell, if you use your personal accounts for business purposes, then yes, you should connect them to Bench. If you do not use your personal accounts for business, then no, you should not connect them to Bench. It’s normal that your accounts require re-authentication from time to time. Or, let us handle the year end prep and filing for you with BenchTax.

Accounting Services

• In fact, Bench shines with third party integration, for example integrating payroll tools like Gusto Payroll or Justworks Payroll.
• The Bench bookkeeper will ask you questions about your business.
• You can learn more about Finch’s security practices on here.
• If you don’t want to hire a bookkeeper, you should use Quickbooks – it’ll provide you with the functionality to go it alone.
• No clue—but until we hear otherwise, you should assume you’re out of luck and that the services will not be provided.
• So, don’t be shocked if you go through a few bookkeepers during your time spent working with Bench.
• Bench operates as a web-based service designed to help small businesses manage (and small business owner teams) their finances and accounting.

For income tax filings, your tax preparer needs a virtual accountant balance sheet and income statement, ideally pulled from complete 2024 books. If someone else has employer admin access to your payroll, they will need to log into Bench to set up the connection. To provide them with Bench access, you can message your bookkeeper to have that person added as an additional user.

Online Bookkeeping Service From Bench.co In a Nutshell

Book a demo today to see what running your business is like with Bench. Not sure where to start or which accounting service fits your needs? Our team is ready to learn about your business and guide you to the right solution. Your bookkeeper completes your books and prepares your financials each month.

How does Bench collect payroll data?

Once their account has been set up, they can follow the steps above to connect your payroll. We’ll do a month of your bookkeeping in one business day, and what are retained earnings deliver a set of financial statements for you to keep. Each month, your existing bookkeeper will continue to organize your business transactions and get to work on your books. Come year-end, they’ll compile a tidy tax package that contains everything we need to file—and give you a year-in-review snapshot of your business. I started The Digital Merchant to test the tools, services, and products I use in my digital business. Now, I’m here with other online business owners buying, testing, and evaluating the best digital tools, services, and software we can find – for every stage of the business.

• This process is completed within 15 business days once you’ve sent all the necessary documents.
• It’s one of the many features offered by Bench.co to help with channeling transactions and formulating decisions whether to invest in a sector or cut your losses.
• A year end package with everything you need to file comes standard with Bench.
• That’s why your dedicated Tax Coordinator supports you through the entire process.

Chat with your bookkeeper bench accounting in the Bench platform, or book a call directly in the app. That’s why we offer year-round advisory services through on-demand and unlimited tax consultations. With check-ins throughout the year, your tax team leaves no deductions behind. Bench costs anywhere from $139 to- $299 per month when billed annually. However, it costs $83 more to avail of specialized bookkeeping.