Bench is an online bookkeeping service. A dedicated bookkeeper keeps your books each month and prepares year-end financial statements for tax time.
Once you link your financial accounts, a dedicated Bench bookkeeper sorts your transactions into categories. Transactions from linked bank and credit accounts flow into Bench automatically, and smart categorization sorts most of them. Each month you get a profit and loss statement, a balance sheet and a view of your largest expenses, and you can check them in the Bench platform at any time. Bench’s catch-up service, called Retro, can bring books that are months or even years behind up to date, and it is quoted separately from the monthly plan.
Bench serves US-based businesses with relatively straightforward finances. Bench says it works well for freelancers, consultants, contractors, agencies, e-commerce sellers and other service businesses. If you use personal accounts for business, you can connect those too, and their transactions flow in automatically. If you already use QuickBooks Online, Bench can assign a QuickBooks-certified bookkeeper who works in your current account.
Bench connects to major banks through Plaid and to tools such as Stripe, Square, Shopify, Amazon, PayPal and Gusto. Payroll connections include Paychex Flex, ADP Run, Justworks and Square Payroll. When you connect your sales tools, Bench automatically separates your merchant fees from your profits. You can speak with your bookkeeping team or book a call with the Bench team. You can export all of your financial documents to Excel whenever you need them.
Bookkeeping + Tax adds tax advisory calls and business tax filing. Current prices are in the pricing box above.