In addition, Bench has raving online reviews and many integration options. Every online bookkeeping service will offer a mixture of different features ranging from basic to advanced. As a result, a suite of features from one service will appeal more to very small businesses, while an entirely other set of features from another service might appeal to larger small businesses. For an additional fee, Bench provides overdue bookkeeping services and can finish a year’s worth of bookkeeping in about two to four weeks.

  • Using a set of criteria that includes cost, range of services, software compatibility, and small business expertise, we reviewed 20 online accounting firms to find the best in five categories.
  • There really is not much to be said about the ongoing activity, and that’s a good thing.
  • That’s true even if your team has not yet finished preparing your financial statement for the month.
  • For many firms, the monthly fee is based on the level of services you need.
  • Since I work for myself, I always assumed hiring a bookkeeper would be an expensive luxury for my business.
  • Bench bookkeeping services are great for small and midsized businesses that don’t have in-house accountants.
  • In fact, you only need your balance sheet, or your profit and loss statement to show you how strong your business is financially.

Considering this, if you have a lot of books and many accounts, so typically a larger business, Bench may not be the right option for you. However, as a freelancer or a small business that only has a few accounts, Bench may just be the perfect option for your bookkeeping needs. Another innovative feature of Bench is that they offer you the option to get your books up to date if you’re behind. So, if you’re missing months or years of bookkeeping, Bench lets you get back on track and they’ll do your overdue books with total accuracy.

Do you need add-on services outside of basic bookkeeping tasks?

If you run a simple cash-based business, Bench will take care of all your bookkeeping needs. You won’t have to learn to use the platform as Bench will provide you a dedicated bookkeeper. They’ll take you through the software to familiarize you with it, and handle everything else for you. Your only job will be to oversee it all and ask questions, if needed. At an affordable price, Bench handles all your bookkeeping needs, including your annual tax filing.

Bench connects you with a licensed expert to handle every step of your yearly tax procedures. Their Taxfyle experts have been trained by Bench, with an average of 15 years of experience. Plus, all of their tax experts are USA-based, background-checked, and accredited, so you know you’re in good hands. Impressively, Bench does not require you to provide payment information to enjoy the free trial. If you decide not to sign on with Bench, you are also free to keep the income statement and balance sheet created for you. Whether you are using the app, your mobile browser, or the desktop site, Bench gives you easy-to-read and attractive visuals to help you understand your business cash flow.

Best for Unlimited Support

Some bookkeeping services charge a monthly fee while others charge by the hour. You can find services for as little as $20 per month while others run thousands per month. With Bench you get a team of three bookkeepers including a senior bookkeeper who reviews all monthly statements and the year-end financial package.

Modern, innovative software allows businesses to access and transfer records online or even on their phone. Secure data transfer, easy categorization, and effective messaging are all focal points. Their dedicated team of bookkeepers have extensive experience and are available to provide support and answers to your questions. Want to kick off your small-business accounting with a solid accounting software service?

Installing this app requires a Gosite account.

Virtual and outsourced bookkeeping and accounting services are a happy medium between do-it-yourself software and pricey in-house bookkeeping. If that description fits what you’re looking for, one of the nine best virtual bookkeeping providers can save you time, money, and stress. Looking for a scalable outsourced bookkeeping service with flexible payment options?

Online Bookkeeping Services for Small Businesses Bench Accounting

Higher-tiered plans unlock more transactions and a more frequent service level. Virtual bookkeeping services can also save you money through tax preparation services and tax filing, providing peace of mind that you’re 100% compliant with all tax rules. Bench is a popular small business choice because it’s an affordable bookkeeping service with an intuitive, easy-to-use platform. Bench gives you at-a-glance visual reports, which provide you with actionable insight that’ll help grow your small business. Another bonus is that you get to communicate with your bookkeeping service team via chat easily.

For S-Corps, C-Corps, and Partnerships, you can add on personal filing for one partner or shareholder for just $59/mo when billed annually or $69/mo when billed monthly. With cash basis accounting, transactions are only recorded when money directly changes hands. With cash basis accounting, you record the payment you receive as soon as it is deposited in your bank account.

Online Bookkeeping Services for Small Businesses Bench Accounting

Recommended Reads