![]() ![]() ![]() Those adjustments include tracking outstanding accounts receivables. With this system, bookkeepers record transactions when the money has been deposited into the client’s bank account or charged to their bank or credit card.īench bookkeepers can also complete a modified form of cash-basis accounting by making accrual adjustments. Accounting method usedīench provides clients with cash-basis bookkeeping. In short, Pilot allows its customers to communicate with bookkeeping and accounting professionals as well, it just comes at a higher price point-especially for CFO-level support. That add-on runs, at a minimum, $1,050 per month for up to three hours of advice on financial statements, business metrics, and monthly rolling financial forecasts. You’d have to upgrade to the Select plan, which costs an extra $250 per month at a minimum, to get monthly phone reviews with a bookkeeper.Īnd if you need advice beyond bookkeeping, you have to add CFO services to your bookkeeping package. Pilot customers in the Core bookkeeping package have limited support options. Providing general information on business best practicesīench clients who use Bench for tax filing and tax advisory are welcome to speak with their advisor as frequently as they’d like, too! Our licensed, in-house advisory team will advise on tax planning and efficiency-it’s like having a CPA on staff without the expensive billable hours. Understanding notices from the IRS or state taxing authorities Sales tax and changing your tax filing status Some of the things your research team can help with include: If you’re looking for more complex business information, you can also take advantage of unlimited communication with Bench’s in-house research team at no extra cost. You can schedule calls with your dedicated bookkeeper on an unlimited basis, at all pricing levels, whether you need a monthly check-in or a year-end review. This chart offers a brief overview, but we’ll also look at each of those in more detail.Īs a Bench bookkeeping client, you’re entitled to unlimited communication with our team, with a maximum response time of 24 hours. However, there are some crucial differences in each service’s features. Both Bench and Pilot provide the essential bookkeeping services small businesses need, such as recording transactions, providing cash flow information, and generating monthly reports that show how your business is doing financially. ![]()
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