Bench Accounting is an online bookkeeping and accounting solution that helps you reconcile your bank accounts, monitor financials in real-time, and speed up tax refunds, among others. Its features include access to a dedicated team of bookkeepers, expense tracking, online document management, and financial reporting. Prices start at $159 per month, and it is best for businesses that manage up to 15 financial accounts.
Bench Accounting Pros and Cons
Offers fewer features than other similar providers
Simple and helpful reporting tools
Inefficient mobile app
Responsive customer support
Does not sync with any other accounting software
Who Bench Accounting Is Best For
- Businesses that manage up to 15 financial accounts: All plans offered by Bench Accounting include monthly bookkeeping that supports up to 15 financial accounts, including bank accounts, credit cards, payment processors, and loans. However, you may also request a custom quote if your business has more than 15 accounts.
Bench Accounting Pricing
Bench Accounting pricing is offered in five subscription plans with fees starting at $159 per month. The plans vary in terms of the target user’s average monthly expenses. All subscription options include a dedicated bookkeeping team and a user-friendly dashboard for financial monitoring.
Annual Pricing ($/Month)
Target User’s Monthly Expenses
$1,000 to $7,500
$7,500 to $25,000
$25,000 to $50,000
Starts at $349
Starts at $299
Up to $1 million
Additionally, there are BenchTax plans created for tax filing, which are as follows: Sole Prop Filing ($600 per annual filing), Business Filing ($900 per annual filing), and Business/Personal Filing ($1,320 per annual filing).
Bench Accounting Alternatives 2020
Online Bookkeeping Services
(Best overall) Businesses that need full-service bookkeeping
Businesses that need an all-in-one solution for managing their finances and taxes
Businesses that currently use Xero or want to move to Xero
Businesses that are on a budget
Businesses that sell products
Businesses that want to use integrations
Businesses that require industry-specific financials
In addition to industry-specific software, your business might be well served by general-purpose small business accounting software.
Bench Accounting Features and Services
Bench Accounting offers features and services that you need to simplify your financial transactions, reconcile and track your finances, manage your online documents, streamline your tax returns, and more. Here’s a quick look at its top features to help you decide whether or not Bench Accounting is a good fit for you.
Bench Accounting’s in-house bookkeepers help you reconcile and import bank statements, adjust your books as necessary, and make sure that you are audit-ready. All of its plans give you access to its dedicated team of bookkeepers.
Its financial dashboard provides you with 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.
Tax Season Support
When you sign up for its BenchTax service, the Bench Accounting team will connect you to a licensed tax filing expert, who will help you prepare and file your taxes.
Most Helpful Bench Accounting Reviews
Users who gave positive Bench Accounting reviews like its simple and user-friendly interface. Others praised its intuitive and helpful reporting tools while some commended its responsive customer service. There are not many up-to-date negative reviews as of this writing, but one reviewer reported that its mobile app is not that functional and needs improvement.
Seamless reporting and a user-friendly interface
“Bench is a 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.”
— Alice Moody
Bench Accounting Frequently Asked Questions (FAQs)
What does its free trial include?
Bench Acounting’s free 30-day trial gives you access to all its bookkeeping features, including an income statement and a balance sheet. You will also receive a complete tour of the Bench app. You can also keep your income statement and balance sheet, whether or not you decide to subscribe to Bench Accounting.
Can I end my subscription at any time?
Yes, you can. Bench Accounting doesn’t lock you into its service, so you may end your subscription at any time.
What payment processors does it support?
Bench Accounting connects with Square, Shopify, Amazon, PayPal, and other payment processors.
Does it have a mobile app?
Yes, it does. Bench Accounting users can access its mobile app, which can be downloaded on Google Play or the App Store.
Our Top Online Bookkeeping Service Providers
In case you still aren’t sure that Bench Accounting is right for you, then this article on the 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 key services like bookkeeping, payroll, and tax services.