Financial Reports Bench Help Center

Once you securely connect your financial accounts, we’ll introduce you to a dedicated bookkeeper. They’ll get to know your business, and show you how Bench works. When it comes to tax filing, there’s a lot of moving pieces. Your team of experts tracks every detail for you, and works in tandem accounting services for startups to get you organized and filed on time. Each month, your bookkeeper organizes your business transactions and gets to work on your books. Come year-end, they’ll compile a tidy tax package that contains everything we need to file—and gives you a year-in-review snapshot of your business.

Update your taxexperience with Bench

Plus, become a customer today and enjoy a free month of bookkeeping. You’ll receive real support from real humans, allowing you to take the guesswork out of running your business. Your bookkeeper completes your books and prepares your financials each month. Chat with your bookkeeper in the Bench platform, or book a call directly in the app. Or, let us handle the year end prep and filing for you with BenchTax.

When are my Books Completed

Before your tax filing, any further refinements for compliance and precision will be made by your team as they finalize your Year-End Financial Package. 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.

Need to file Form 1099?

With experts in your corner, tax filing is simple. Our year-round tax support means you’ll never have to worry about missing a deadline again. If Bench’s lack of accounting integrations is a concern, instead consider QuickBooks Online with QuickBooks Live full-service bookkeeping added on. In general, the QuickBooks platform is more scalable and widely used among accountants, so it could be a better solution for a rapidly growing business.

Explore over 600 resources for managing small business finances

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. Looking to take the guess work out of your business growth? Here’s everything you need to produce a reliable financial forecast for your business.

• Our Premium plan gives you an all-in-one tax and bookkeeping solution.
• Try our service free, and get full access to Bench.
• Small adjustments may still be made later by your bookkeeper, before the books are fully complete.
• If you’re not sure whether your closing balances are accurate, we recommend chatting with one of our Onboarding Specialists about Catch Up bookkeeping.
• Update your tax filing experienceTax time stress isn’t limited to tax season.
• You can also add services like payroll, invoicing, bill pay and inventory management for an extra fee.

When you’re ready to file, your dedicated Tax Coordinator will collect all necessary documents and forms. Then your Bench Tax Advisor will facilitate the preparation, review and filing of your income tax return on time, every time. Compared with other bookkeeping services, Bench is relatively affordable, starting at $249 per month. Some competitors’ prices increase as your average monthly expenses rise, and others require a subscription to specific accounting software, which adds additional expenses. Every plan comes with unlimited support from a dedicated bookkeeping team and intuitive software to track your financials.

Some transactions might be unique or complex, and your insights can help your bookkeeping team categorize them accurately. Bench’s core product is online bookkeeping software paired with in-house bookkeepers. Consistent check-insWe’ll reach out regularly with bookkeeping updates. We’ll get back to you in one business day or less.Easy to schedule review callsBook a call with your bookkeeper directly through the Bench platform.

You won’t need any other software to work with Bench—we do everything within our easy-to-use platform. Get so much more time to land clients, stay connected to projects, and grow your business. Promotional offers for both monthly and yearly plans are for a limited period.

Save Yourself More Time, Dollars, and Tax Time Stress

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. Here is a list of our partners and here’s how we make money. We believe everyone should be able to make financial decisions with confidence. If you’re switching from QuickBooks, we’ll work from your closing balances to do your bookkeeping going forward.

It allows us to reconcile your books in real-time. Not only does it make it much faster for your bookkeeper to get your books ready, it also helps you avoid the need to manually upload statements each month. This step marks the beginning of the monthly accounting process. We collect raw financial data from your connected bank and credit card accounts, merchant or payroll processors, monthly statements, and other important financial documents. Connecting your bank accounts to Bench ensures your bookkeeping team has access to all the financial records they need to get your books ready on time and accurately.

At-a-glance visual reports help you see the big picture and give you actionable insights to help you grow your business. Your bookkeeping team will let you know when your input is needed right in the notification center. Your quick responses will ensure your team can get your books ready on time and accurately. https://businesstribuneonline.com/navigating-financial-growth-leveraging-bookkeeping-and-accounting-services-for-startups/ In this phase, we make the necessary adjustments and reconcile transactions to ensure accuracy and completeness. These may include adjustments for merchant fees, loan interest, and payroll, among others, to capture your expenses and revenue fully and make sure your books are compliant for future tax filing.