While Bench is able to import your transactions automatically, it’s a good idea to create a thorough set of books in case you are audited by the IRS. Keeping your statements with us will ensure everything is organized and readily accessible.
In order to reconcile your accounts and close your books, we request that you send us your bank and credit card statements monthly. Once we have these statements, we guarantee your bookkeeping will be completed within fifteen business days. One common occurrence that slows this process down is mid-month credit card statements. For example, if the More...
We understand that getting a business up and running can be stressful and complex. It’s very common, early on, to use personal funds for business. Be sure to keep all your receipts. Bench will enter them into the app and track your contributions, so you’ll be ready come tax time.
Yes. Talk with your bookkeeper or an onboarding specialist to find out more.
No. However, there are a number of services that work with Bench to provide these features. Talk to your bookkeeper for help automating your invoicing, bill tracking, payroll, or inventory management.
Send your bookkeeper your most up-to-date balance sheet and income statement, and you’re all done. If you have further questions, your bookkeeper will help you with everything you need to get started.
No. To ensure that your bookkeeping team can maintain the quality of your books, all adjustments are made in the Bench app.
No, but this feature is planned for future development. If you’re signed up for Bench, we’ll let you know when it becomes available.
Bench only supports bookkeeping on a cash basis. This means that we record transactions as soon as the money has been deposited into your bank or charged to your bank/credit card. This is the simplest and most efficient way to manage your small business. Alternatively, bookkeeping can be done on an accrual basis. In this More...
Go to Messages to contact your bookkeeper. To book a call with your bookkeeper, go to Messages. Click the Book a Call button.