A comprehensive review of Bench Accounting, including features and pricing for 2022.
If you’re searching for an accounting software that’s easy to use, but still powerful enough to do all the day-to-day tasks your company needs, Bench Accounting might be the solution you’ve been looking for. We’ve put together this Bench Accounting review to help you understand all of the features and pricing options available, so you can choose whether or not it’s right for your business.
How does Bench compare with other similar accounting software packages?
Bench is in a league of its own when it comes to cost and ease-of-use: the only other accounting software as low cost as Bench’s free price tag is that of QuickBooks online which requires an active internet connection and all your files are stored on someone else’s server. By contrast, because Bench is a desktop application you can download and store files locally with no monthly fees or payment plans.
How do small businesses benefit from using Bench?
Bench’s SaaS (Software as a Service) model allows them to offer lower rates than its competitors because they don’t require office space or on-site IT support staff. As a result, small businesses are able to take advantage of the lowest prices in the industry with all the benefits associated with traditional accounting systems. Small business owners also benefit from more flexible payment options—from a one-time setup fee to monthly subscriptions to pay-as-you-go.
Why do large companies use Accounting Software like Bench?
One of the benefits of using accounting software like Bench is that you can minimize your bookkeeping time by automating your accounting processes. Large companies may use the software to automate tedious tasks such as payroll management so their employees can focus on high-level activities that are more strategic in nature.
How do small businesses benefit from using free accounting software?
The most common question small business owners ask themselves is what accounting software should they use? Bigger companies might be able to spend hundreds or thousands on their choice of accounting software but for the smaller businesses out there, an alternative option that doesn’t break the bank is desired.
What makes the App unique compared to cloud-based accounting software?
In comparison to cloud-based accounting software that are accessed on a desktop computer or through the internet, an app lets users access their financial data on a device they carry with them everywhere. Some apps will even integrate with other cloud based accounting tools you’re using! So not only can you make all your books from one location (the app), but you’ll also be able to view all your data in one place – giving you the freedom to collaborate on projects anywhere there’s WiFi.
How much does it cost to use Bench?
Bench has a monthly plan that is $9 per month billed yearly for $108 (equivalent to about $14 per month if you pay annually). This price gets you unlimited users, email notifications sent to the Administrator when new entries are made and automatic backup with Dropbox or Google Drive integration so your data will never be lost in case something goes wrong.
Which payment options are available on this SaaS platform?
Bench only offers payment options through PayPal, which may make it harder to pay with a credit card if you don’t have a PayPal account. It would be nice if they offered other options as well like cash or checks since not everyone has a PayPal account available to them. Another drawback is that there is no mention on their website about what happens if you cancel your subscription mid-year—though their email hints at the idea that cancellations will depend on the billing date so just check with customer service first!
What security measures are available with the app?
The mobile app is relatively secure and is as well-protected as many other popular apps. Users have the option to enable a passcode with the app, which could deter those who are looking to access sensitive information. The only data that is transmitted through the app’s servers are keystrokes, which means all numbers (social security number, account numbers) are encrypted on the user’s device before being sent over a cellular or WiFi connection.
What are some business best practices suggested by this Cloud Platform?
We have a number of best practices to improve your business workflow such as having an extensive list of reports to keep track on different aspects of your business: project status report, time-sheet report, expenses report. Also a robust task management system with option to categorize projects and make tasks more relevant according to what you need them for. This will help you keep organized and not get lost in the tangles of work that needs to be done.