About Bench

Bench Accounting Software is a web-based solution designed to help small businesses streamline bookkeeping processes via a unified portal. By integrating seamlessly with your small business accounts, the software ensures that your books are accurate, organized, and ready for tax preparation. The software offers a user-friendly interface that allows users to access visual reports showcasing revenue, expenses, and profits over time. This feature provides a clear snapshot of your business's financial health and helps maintain better control over cash flow. By offering real-time data visualization, Bench ensures that you are always up to date with your financial performance and well-equipped to make informed business decisions. Users can access the Bench platform via iPhone or desktop app. The application allows users to monitor cash-flow and financial health by generating intuitive expense reports, income statements, financial analysis, and more. It also comes with a built-in message feed, which lets users connect and discuss financial queries with a team of financial advisors via text messages. With Bench taking care of the tedious bookkeeping tasks, you can focus on growing your business. By automating essential accounting processes, it eliminates the need for manual data entry and calculation. The platform provides all the necessary documentation for filing your taxes accurately and on time. Bench Accounting Software stands out as a comprehensive and user-centric solution for small businesses seeking to optimize their financial management processes. With its intuitive interface, unlimited support, and time-saving features, the platform empowers users to take control of their finances, make informed decisions, and unlock growth opportunities for their businesses. The pricing includes monthly and annual subscription plans and support is provided via chat, email, FAQs and other online measures.
Bench Software - Bench Pulse dashboard
Bench Software - Bench profit and loss analysis
Bench Software - Bench income statement
Bench Software - Bench transaction sync
Bench Software - Bench connecting bank
Bench Software - Bench Pulse dashboard - thumbnail
Bench Software - Bench profit and loss analysis - thumbnail
Bench Software - Bench income statement - thumbnail
Bench Software - Bench transaction sync - thumbnail
Bench Software - Bench connecting bank - thumbnail

Bench pricing

Bench does not have a free version but does offer a free trial. Bench paid version starts at USD 299.00/month.

Starting Price:
USD 299.00/month
Free Version:
No
Free trial:
Yes

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Bench Reviews

Feature rating

Value for Money
4.3
Functionality
4.4
Ease of Use
4.6
Customer Support
4.5
5 reviews of 308 View all reviews
Guy
Guy
  • Industry: Marketing & Advertising
  • Company size: 2–10 Employees
  • Used Weekly for 6-12 months
  • Review Source
Value for Money
5
Functionality
5
Ease of Use
5
Customer Support
5

5
Reviewed on 06/07/2021

Life and Business Changing

In the wake of COVID I left the agency I was at to do my own agency. While I had my business as a side-agency for a number of years and applications like Freshbooks and then Quickbooks Self-Employed helped me manage things I dreaded tax season and all the work I needed to do every year.

During COVID I had to get my business up and going, get clients, execute projects, and get things done. I had zero time for managing my books. When the end of the year came up I dreaded the work that was ahead of me with several big projects in progress. Then, through the service I use to pay my contractors, I found out about Bench and it has changed my business AND my life.

Bench took 15 months' worth of books that needed to be done and assigned them to a "catch-up" accountant. He went through everything, classified all my expenses, and had a simple way to ask me to review anything they need clarification on. They pulled difficult things to deal with like my processing fees from Stripe and instantly accounted for them. On top of that, having an honest to goodness accountant and accounting team to know how to PROPERLY set up a Chart of Accounts and classify expenses was game-changing. This service easily pays for itself in the time it saves me and the peace of mind it gives me.

Pros

- An accounting team to get me on track.
- Tax resources with their Bench Tax service.
- A beautiful interface that is easy to understand and use.
- Superb customer service with timely replies to any questions you have.
- An easy way to review anything your team needs clarification on, I rarely spend more than 5 minutes a month classifying expenses for them.
- EXPERTISE, Bench isn't just software to do your books, THEY are doing your books, understand small businesses and bring accounting expertise at a very affordable price.
- Completed my taxes easily and reduced my tax burden, it was the most painless tax process I've had in years.

Cons

- Communication early in Bench Tax could be improved but I mostly put this on me for being behind.
- Having a separate signon for Bench Tax is a bit of a pain but not a big deal.

Response from Bench Accounting

We appreciate you taking the time to share this positive experience with us, Guy! We're so happy to hear that the Bench platform, the expertise of your bookkeeping team, and timely client support have taken the burden of bookkeeping and tax filing off of your plate. Thank you for being with Bench, Guy!

Replied 08/07/2021
Verified Reviewer
  • Industry: Construction
  • Company size: 2–10 Employees
  • Used Weekly for 2+ years
  • Review Source
Value for Money
1
Functionality
3
Ease of Use
1
Customer Support
1

1
Reviewed on 14/03/2024

Nightmare! Terrible, unethical company!

Terrible, terrible, terrible. They did not make my life easier. They cost me money in lost time and lost access to reports. They made me pay for the year upfront; Sunk Cost Fallacy kept me there, and I have many regrets. Their Gaslighting makes you think you are the problem.

After a few years with them, I can say they will keep asking over and over for more categorization of the same items to keep you busy so you don't ask for reports.

They did not provide my final year-end report when I canceled their service, even though I paid for the year in advance. They told me it would be months after my tax filing deadline before I would receive it. I'm not counting those chickens.

Pros

It was easy to set up. That was the only good thing about Bench. But, you will have to set it up repeatedly because they remember almost nothing from report to report.

Cons

Everything! Bookkeepers change constantly. They seem to intentionally delay and avoid reports by telling you they need one more thing or someone has to finalize and review before they can give you a report. When you realize you never got your report (because small business owners are busy, you know!), you reach out again and it is as if you never asked them for anything. The process starts over, if it ever started to begin with.

Angus
  • Industry: Textiles
  • Company size: Self Employed
  • Used Daily for 1-5 months
  • Review Source
Value for Money
1
Functionality
1
Ease of Use
1
Customer Support
1

1
Reviewed on 14/11/2024

Extremely Disappointed with Inaccurate and Incomplete Bookkeeping Services

I signed up for Bench's bookkeeping services in September, expecting professional and accurate records within the 10–15 days they promised for historical bookkeeping. However, nearly two months later, my records remain incomplete, and the work done so far contains hundreds of miscategorized transactions. Despite repeatedly submitting requested documents, my accounts are still inaccurate, and there seems to be no end in sight.

The Terms of Service state they will deliver "accurate monthly books and year-end tax-ready financial packages." Unfortunately, this has not been my experience. For two months in a row, I've received inaccurate monthly books, and I now lack confidence in their ability to complete accurate year-end financials. Had I relied on their data for tax filing, I would have drastically overpaid in taxes.

Despite reaching out and escalating to their management, I’m left with the feeling that this service is not delivering on its promises. I paid over $4,600, and yet I’m now hiring another provider to get the job done correctly.

I rarely leave negative reviews, but I feel obligated to warn others about my experience. I would strongly advise anyone considering Bench to look elsewhere for reliable bookkeeping support.

Pros

There was nothing I liked about bench. They charged me for work not completed.

Cons

They lock you into a 12 month contract and do not bother to do the work accurately.

Response from Bench Accounting

Thank you for sharing your feedback. We’re truly sorry to hear about your experience and understand your frustration. A member of our Client Success team will reach out to you directly to address your concerns and work together toward a resolution.

Replied 27/11/2024
Kishore
  • Industry: Computer Software
  • Company size: 2–10 Employees
  • Used Weekly for 6-12 months
  • Review Source
Value for Money
2
Functionality
4
Ease of Use
5
Customer Support
2

1
Reviewed on 16/09/2024

They WILL miss the deadlines. No doubt

Really bad and dishonest service. They always claim that they marked the file as high priority...but nothing happens.

Pros

That had a decent workflow in place that lets business owners answer questions at their own pace

Cons

They are not well staffed. They miss the deadlines often. They are not honest with the timelines.

Verified Reviewer
  • Industry: Education Management
  • Company size: Self Employed
  • Used Monthly for 1+ year
  • Review Source
Value for Money
1
Functionality
1
Ease of Use
1
Customer Support
1

1
Reviewed on 28/03/2024

Do Not Recommend

My service has been terrible. I spent over $5000 and do not have access to my books. Customer service was lacking and my bookkeeper would respond to my inquiry on timeline with responses like... I am on it like white on rice. Professionalism, accuracy and commitment to the contract is very lacking.

Pros

I liked the idea of having support and a knowledgeable team to up to date and accurate financials. Unfortunately that was not my experience with Bench.

Cons

I have worked with Bench for over a year and cannot get access to any of my financials. I check in on a daily basis to understand when and how I might get access to my books, but given answers about their three part review process with no explanation or timeline for when I will get my books. After working daily with Bench to get my financials for 2023 for over 5 weeks, I am told the financials will not be ready until after tax season and if I want them to file a tax extension. I could not recommend this service to anyone.

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