If you do not use your personal accounts for business, then no, you should not connect them to Bench. Plaid is trusted by over 12,000 financial institutions around the world, and beyond Bench, it powers over 8,000 of the world’s apps and online services. 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.

• We’re thrilled to hear about your confidence and ease with Bench Accounting.
• My books haven’t been touched this year ONCE and it is September.
• Also, they never make assumptions about your business, preferring instead to reach out with any questions.
• Bench’s Essential plan includes the preparation of a year-end financial package needed to file your taxes.
• Your quick responses will ensure your team can get your books ready on time and accurately.

Frequently Asked Questions (FAQs)

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. In this phase, we make the necessary adjustments and reconcile transactions to ensure accuracy and completeness. This is the more complex stuff that often gets missed when people do the books themselves. When you see the “In progress” status, it means that your team is actively reconciling your financial data behind the scenes.

Join thousands of small business owners who trust Bench with their books.

Thank you for your kind words and we look forward to continuing to support you in the future. Prior to 2023 I spent considerable time each month trying to keep the books in order even using different types of software. Bench has everything in a neat package that pulls in all of the financials and transactions from the business account.

With Bench you have unlimited year-round support from your bookkeeping team.

They have access to review and pull as a review only. At the end of the year I provided my Tax Accountant with one neat file from Bench that was inclusive of profit and loss, financial statements and everything else needed to successfully file. Bench’s Essential plan includes the preparation of a year-end financial package needed to file your taxes. To make taxes more hassle-free, you can upgrade to the Premium tier, which includes unlimited bookkeeping and tax support. Premium also has filing for sole proprietors, contractors, and businesses (S-corps, C-corps, and partnerships). With the catch-up bookkeeping add-on, Bench’s bookkeepers can provide overdue bookkeeping services—no matter how far you’ve fallen behind on your books.

This serves as the foundation for all content, demonstrating a clear dedication to providing valuable and reliable information. Here is a list of our partners and here’s how we make money. There are various reasons that your login credentials may be rejected when trying to connect your accounts https://www.bookstime.com/ with Plaid. We take care of the tedious bookkeeping work, you get more time to focus on what you care about—helping your business succeed. We’ll work with you to create a customized payment plan, including installment options. Chat with our team and we’ll make a plan that works for you.

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. Otherwise, the program sticks to cash basis accounting. The Accounting tab on your dashboard provides you with bench accounting login real-time updates of your financials, showing exactly how much money you have and how you’re spending it. You can access your income statement, balance sheet, and other reports that are fully customizable. You can tag transactions with labels like products, clients, locations, or sales channels to see exactly how your business is performing.

Unlimited customer support

• 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.
• Bench Accounting integrates with Gusto to help you manage your payroll transactions.
• An accounting software or service can help you avoid costly mistakes and get a clear picture of your overall finances.
• They’re still collecting and reviewing your financial data, categorizing transactions, and doing any required adjustments.

Catch-up Bookkeeping

• We also ensure all reviews are published without moderation.
• Both include monthly bookkeeping and year-end reporting, but Premium gives you more features, such as unlimited tax advisory services and federal and state income tax filings.
• If you need to contact your bookkeeper, you can book a call or message them directly through the app.
• This is the more complex stuff that often gets missed when people do the books themselves.
• Your Bench Tax Advisors are available year-round, and will answer your questions in 2 business days or less.
• The pricing will depend on your plan and your business entity, but it’s possible to have Bench take care of your business tax filing.
• The Message tab enables you to send and receive messages from your assigned bookkeeper.