Before you review Bench Co, make sure you understand the features and benefits of the service. While most Bench Co users are pleased with the service's speed, some do not like the longer turnaround time for getting their books back. A majority of users are pleased with the level of customer service and the detailed answers they received. Bench is an easy way to save time and make your bookkeeping easier.
Bookkeeping
Bench has a variety of features that can make the bookkeeping process less tedious and more effective. The customizable dashboard visualizes income and expenses for the month and year. You can also access a tab to view income statements and balance sheets. You can search for transactions and flag them with keywords or labels. It can also pull information from your bank or merchant accounts in a read-only format.
If you are a small business owner and don't have time to manage your finances, Bench might be the right choice. It is limited to basic bookkeeping, tax services, and more complex businesses will require additional accounting software. The service does not include inventory management or invoices, which are crucial for larger companies.
Costs
Bench Co is an amazing company to work for. Management cares about Benchmates. They also offer advancement opportunities to the right people. Bench has a culture that values hard work and sets ambitious goals. There is no place for coasting. Bench has a progressive outlook, and encourages its employees take on new challenges.
Bench Co offers a month-long free trial to help you determine if Bench Co suits your needs. They also promise a turnaround time of 24 to 48 hours for most queries. After this time, you can decide if you want to continue using the services. The monthly fee ranges from $159 to $419 depending on your company's expenses. For example, a customer with average monthly expenses between $3,000 and $20,000 will probably pay $219 per month. Bench also offers a 30% discount for the first three months.
Customer service
Bench provides excellent customer service. You can contact them via email, phone, or messaging anytime. Customer service agents are available Monday to Friday between 9 a.m. and 5 p.m. Eastern Standard Time. They will gladly answer any questions and reply usually within a couple of days.
You can also visit the corporate office to contact the customer support department. You can also reach the company via email, phone, and/or fax. Bench has an email address, which is accessible round-the clock.
FAQ
Why is reconciliation important
It is vital because mistakes can happen at any time. Mistakes include incorrect entries, missing entries, duplicate entries, etc.
These problems can cause serious consequences, including inaccurate financial statements, missed deadlines, overspending, and bankruptcy.
What kind of training does it take to be a bookkeeper
Basic math skills are required for bookkeepers. These include addition, subtraction and multiplication, divisions, fractions, percentages and simple algebra.
They need to also be able and confident in using a computer.
Many bookkeepers are graduates of high school. Some have college degrees.
What is the purpose and function of accounting?
Accounting gives a snapshot of financial performance through the recording, analysis, reporting, and recording of transactions between parties. It enables organizations to make informed decisions regarding how much money they have available for investment, how much income they are likely to earn from operations, and whether they need to raise additional capital.
Accountants keep track of transactions to provide information about financial activities.
This data allows the organization plan for its future business strategy.
It is crucial that the data are accurate and reliable.
Are accountants paid?
Yes, accountants often get paid hourly.
Some accountants charge extra for preparing complicated financial statements.
Sometimes accountants can be hired to do specific tasks. An accountant might be hired by a public relations company to create a report that shows how their client is doing.
What is the distinction between bookkeeping or accounting?
Accounting is the study of financial transactions. Bookkeeping records these transactions.
These are two related activities, but separate.
Accounting deals primarily in numbers while bookkeeping deals with people.
To report on the financial health of an organization, bookkeepers must keep track of financial information.
They ensure that all the books are balanced by correcting entries for accounts payable, accounts receivable or payroll.
Accountants analyze financial statements to determine whether they comply with generally accepted accounting principles (GAAP).
They may suggest changes to GAAP if they do not agree.
Bookskeepers record financial transactions in order to allow accountants to analyze it.
Statistics
- In fact, a TD Bank survey polled over 500 U.S. small business owners discovered that bookkeeping is their most hated, with the next most hated task falling a whopping 24% behind. (kpmgspark.com)
- "Durham Technical Community College reported that the most difficult part of their job was not maintaining financial records, which accounted for 50 percent of their time. (kpmgspark.com)
- a little over 40% of accountants have earned a bachelor's degree. (yourfreecareertest.com)
- Employment of accountants and auditors is projected to grow four percent through 2029, according to the BLS—a rate of growth that is about average for all occupations nationwide.1 (rasmussen.edu)
- a little over 40% of accountants have earned a bachelor's degree. (yourfreecareertest.com)
External Links
How To
How to Become an Accountant
Accountancy is the science of recording transactions and analyzing financial data. Accounting can also include the preparation of reports or statements for various purposes.
A Certified Public Accountant (CPA) is someone who has passed the CPA exam and holds a license issued by the state board of accountancy.
An Accredited Finance Analyst (AFA), an individual who meets certain requirements established by the American Association of Individual Investors. A minimum of five years investment experience is required to become an AFA by the AAII. To pass the examinations, they must have a good understanding of accounting principles.
A Chartered Professional Accountant or CPA (sometimes referred to simply as a chartered accountant) is a professional accounting who has received a degree in accounting from a recognized university. CPAs must comply with the Institute of Chartered Accountants of England & Wales’ (ICAEW) educational standards.
A Certified Management Accountant (CMA), is a certified professional accountant that specializes in management accounting. CMAs must pass exams administered annually by the ICAEW. They also need to continue continuing education throughout their careers.
A Certified General Accountant, (CGA), is a member of American Institute of Certified Public Accountants. CGAs have to pass several tests. One test is known as the Uniform Certification Examination.
International Society of Cost Estimators has awarded the certification of Certified Information Systems Auditor. The three-level curriculum for CIA candidates includes practical training, coursework, and a final exam.
The Accredited Corporate Compliance Officer (ACCO), is a designation that has been granted by the ACCO Foundation (IOSCO). ACOs must hold a baccalaureate or higher degree in business administration, finance, or public policy. Additionally, they must pass two written and one verbal exams.
The National Association of State Boards of Accountancy's Certified Fraud Examiner credential (CFE), is awarded by NASBA. Candidates must pass three exams and obtain a minimum score of 70 percent.
International Federation of Accountants (IFAC), has awarded a certification to an Internal Auditor (CIA). Candidates must pass four exams that cover topics such auditing, compliance and risk assessment.
American Academy of Forensic Sciences gives Associate in Forensic Accounting (AFE), a designation. AFEs must have graduated with a bachelor’s degree from an approved college or university in any other study area than accounting.
What is an auditor? Auditors are professionals who audit financial reporting and internal controls of an organization. Audits may be conducted on a random basis, or based in part on complaints made by regulators.