Table of contents
Bookkeeping Automation
Bench uses automated tools combined with human expertise to streamline bookkeeping, reducing time and effort for business owners.
Professional Support
Users have access to a team of professional bookkeepers who provide personalized support and ensure accuracy.
Financial Reports
Bench provides detailed monthly financial statements and expense overviews to help businesses understand their financial health.
Tax Assistance
Bench offers tax filing services that integrate seamlessly with its bookkeeping, simplifying the tax preparation process.
User-Friendly Interface
Bench’s platform is designed to be intuitive and easy to use, making it accessible for business owners without accounting expertise.
Catch-Up Bookkeeping
For businesses that are behind on their books, Bench offers a catch-up bookkeeping service to bring their records up to date.
Bench.co is a strong option for those in need of a hands-off bookkeeping solution. Its commitment to simplifying bookkeeping and providing a user-friendly platform has earned it positive reviews from many small business owners.
We have collected here some useful links to help you find out if Bench.co is good.
Check the traffic stats of Bench.co on SimilarWeb. The key metrics to look for are: monthly visits, average visit duration, pages per visit, and traffic by country. Moreoever, check the traffic sources. For example "Direct" traffic is a good sign.
Check the "Domain Rating" of Bench.co on Ahrefs. The domain rating is a measure of the strength of a website's backlink profile on a scale from 0 to 100. It shows the strength of Bench.co's backlink profile compared to the other websites. In most cases a domain rating of 60+ is considered good and 70+ is considered very good.
Check the "Domain Authority" of Bench.co on MOZ. A website's domain authority (DA) is a search engine ranking score that predicts how well a website will rank on search engine result pages (SERPs). It is based on a 100-point logarithmic scale, with higher scores corresponding to a greater likelihood of ranking. This is another useful metric to check if a website is good.
The latest comments about Bench.co on Reddit. This can help you find out how popualr the product is and what people think about it.
I used bench.co for my accounting when I ran my amazon business. Source: almost 3 years ago
It's rare we decide to go up against someone that's already established and has all the pieces to begin with. For example, we recently put off venturing into the book-keeping space because Bench has already been crushing it and has hundreds of millions in venture funding behind them; we weren't willing to allocate the required resources to make much of a dent. Source: over 3 years ago
To prove worker protection expenditures you'll need to provide: Copy of invoices, orders, or purchase orders. Receipts, cancelled checks, or account statements verifying those eligible payments.Feb 21, 2021 Https://bench.co › blog › operations Documents Needed for PPP Loan Forgiveness | Bench Accounting. Source: over 3 years ago
I've heard of this service (bench.co) for small businesses. They may be able to do it for you and your family? Source: over 3 years ago
Gotcha , so I'm in the process of building an online service which provides book-keeping , something like bench.co but specifically for restaurants and cafes. (and ofc at a better price and additional services / KPIs) . So , do let me know if you're interested . I'll make sure to update you once the essentials are up and running. :). Source: over 4 years ago
There's a free one called bench.co. For a fee, you're assigned a bookkeeper. Looks decent. Source: over 4 years ago
Here is bench.co on march 5th w TWO articles and contradicting statements. (with links). Source: over 4 years ago
The first issue is that the return he wanted me to sign off on didn't include $10k I paid in quarterlies. This was all included in a bench.co spreadsheet that has all my business's financial data. The red flag is that his reply was "even though it was on the spreadsheet, I need proof of tax payments and when they happened. Maybe it's in the spreadsheet, but I am regulated by the IRS and IRS IRM states it's agents... Source: over 4 years ago
Sounds accurate. Not to deter from your thinking, but any thoughts on why bench.co says different. The say: " To take the full amount of owner compensation share, you will have to use a covered period of 24 weeks. By doing so, you are making yourself ineligible for unemployment benefits (under Pandemic Unemployment Assistance) for the full 24 weeks." I am without qualifying receipts, so I would need to... Source: over 4 years ago
Bench.co, a prominent player in the accounting and bookkeeping sector, primarily targets small businesses with simplified financial management solutions. As observed from multiple online mentions and reviews, Bench is generally well-regarded among its users for its ability to handle basic accounting tasks effectively, providing small business owners peace of mind over their financial records.
User-Friendly Financial Statements: Users appreciate Bench's ability to transform complex transaction data into clear, concise financial statements. This feature allows business owners to gain a long-term perspective on their financial health, thereby facilitating informed decision-making.
Venture-Backed Scalability: Bench has a significant venture backing which enables it to maintain robust service infrastructure and continuously enhance its offerings. This financial strength makes it an intimidating competitor for potential entrants in the bookkeeping sector. One user noted Bench's dominant market position as a reason for postponing entry into the bookkeeping space.
Targeted for Small Businesses: With a strong focus on small business needs, Bench is recommended for organizations lacking the resources to set up internal accounting departments. This positioning makes it especially beneficial for businesses dealing with online sales platforms, such as Amazon, which require meticulous financial recordings.
PPP Loan Guidance: During the complex navigation of PPP loan forgiveness, Bench provided detailed guidance, helping users understand the necessary documentation and requirements. This support has been crucial for businesses struggling to manage pandemic-related financial aid.
User Experience Variations: While many users laud Bench's offerings, there are instances where miscommunications have led to financial inaccuracies. A case involved a client nearly facing a $10,000 tax oversight due to documentation issues. Although the system listed all payments, these discrepancies highlight the importance of thorough communication and cross-verification when using Bench services.
Pricing Concerns: Some users suggest Bench's services might be priceier compared to competitors offering similar bookkeeping solutions tailored to very niche markets. This feedback underscores a competitive challenge Bench faces from more specialized, cost-effective alternatives.
Service Limitations and Misinterpretations: Though generally helpful, Bench's interpretation of financial guidelines sometimes clashes with user expectations or regional regulations. For example, users have noted conflicting advice regarding PPP and unemployment benefits. This variability suggests that while Bench has a robust general framework, localized or highly specific financial advice might still require additional professional consultation.
Bench.co continues to be a reliable accounting and bookkeeping service for small businesses. Still, it must enhance its communication strategy to mitigate user experience issues and fine-tune its pricing and service clarity in response to niche-market competitors. Understanding and addressing these critical feedback points will be crucial for maintaining its positive public perception and competitive edge in the rapidly evolving financial service landscape.
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Is Bench.co good? This is an informative page that will help you find out. Moreover, you can review and discuss Bench.co here. The primary details have not been verified within the last quarter, and they might be outdated. If you think we are missing something, please use the means on this page to comment or suggest changes. All reviews and comments are highly encouranged and appreciated as they help everyone in the community to make an informed choice. Please always be kind and objective when evaluating a product and sharing your opinion.
