Bench is an online accounting and bookkeeping software that helps you keep your books accurate, monitor financials in real time, speed up tax refunds, and more. Its features include dedicated bookkeepers, tax season support, and financial statements. Prices start at $159 per month, and it’s best for sole proprietors and businesses with monthly expenses under $1 Million.
Bench Pros and Cons
Becomes glitchy at times
Impressive reporting system
Responsive customer support
Who Bench is Best For
- Sole proprietors: If you need help updating your books to maximize tax deductions and reduce your income tax liability, then Bench is for you. It also offers support for filing personal tax returns and Schedule C (form 1040).
- Businesses with monthly expenses ranging from $1,000 to $1 million: Bench assists you in monitoring your business transactions, preparing monthly financials, and generating a year-end financial package to make tax filing easy. Please note that while it doesn’t limit its service based on business size, the lack of inventory management services could be a drawback for businesses with a large number of assets.
The Bench pricing page shows five plans with fees that start at $159 per month. Plans vary in terms of the user’s average monthly expenses. All subscription options include a dedicated bookkeeping team and a user-friendly dashboard for financial monitoring.
Choose Your Plan
Starts at $349
Starts at $299
*Lump sum billing
All the aforementioned plans include monthly bookkeeping for up to 15 financial accounts. If you need additional accounts, then you may contact the provider for a custom quote.
Additionally, Bench offers specialized bookkeeping services such as expense tracking and property tracking, with prices that start at $83 per month.
Subscription Pricing Guide
Based on its website, each plan is ideal for users with a certain range of average monthly expenses: Starter (below $1,000), Micro ($1,000 to $7,500), Boutique ($7,500 to $25,000), Venture ($25,000 to $50,000), and Corporate (up to $1 million).
Bench Alternatives 2020
Online Bookkeeping Services
Small businesses that want an all-in-one solution: bookkeeping, payroll, and tax
Small businesses that want an affordable rate
Tech startups or any small business just getting off the ground
Small to medium-sized businesses that want to use QuickBooks and Xero bookkeeping, accounting, and advisory solutions
Businesses interested in 24/7 accounting and support with real-time financial details
Bench makes your life easier by supporting you on your financial transactions, from bookkeeping to tax preparation and filing support. It has a wide range of features that can help you reconcile and track your finances making tax filing a breeze. Here’s a quick look at its top features to help you decide if Bench is a good fit for you.
Bench’s in-house bookkeepers help you reconcile and import bank statements, adjust your books as necessary, and make sure you’re audit-ready. All of its plans give you access to its dedicated bookkeepers.
Tax Season Support
When you sign up for its BenchTax service, the Bench team will connect you to a licensed Tax filing expert who will help you prepare and file your taxes.
Its financial dashboard provides you a clear report of your income statement, balance sheet, cash flow statement, and other necessary data that you’ll need for tracking your business’ financial health.
If you have questions about your books, then its dedicated bookkeepers and customer support team can provide you with one-on-one support. The team usually responds within one business day.
Most Helpful Bench Reviews
Users who gave positive Bench reviews like its simple and user-friendly interface. Others praised its responsive customer support, while some are impressed by its excellent reporting functionality. Meanwhile, those who left negative reviews dislike that some of its features are glitchy at times.
User-friendly and efficient
“Bench is good accounting software that offers a variety of tools that help me organize all my work. I can sort and organize all my transactions and track them whenever I want. Creating reports is easy and the software is very user-friendly.”
Glitchy at times
Users who left negative reviews on Capterra said that the platform becomes glitchy at times. One user explained that his bank goes offline from time to time and that he has to remember his password over and over again so that he can get his account back online.
Bench Frequently Asked Questions (FAQs)
What does its free trial include?
Bench’s 30-day free trial gives you access to all its bookkeeping features, including an income statement and a balance sheet.
Can I cancel my subscription at any time?
Yes, you may. Bench doesn’t lock you into its service, so you may end your subscription anytime you want.
What payment processors does it connect with?
Bench connects with Square, Shopify, Amazon, PayPal, and other payment processors.
Our Top Bookkeeping Services Provider Picks
If you aren’t sure that Bench is right for you, then this article on the 7 Best Online Bookkeeping Services is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on services like basic bookkeeping, cash and accrual accounting, payroll, and tax return.