Bench.co.uk Review: Is it the Ultimate Accounting Solution?

Introduction

When it comes to managing finances, especially for small businesses, accounting can be a daunting task. However, with the rise of accounting software and online services, it has become easier to streamline this process. One such service is Bench.co.uk, which claims to be the ultimate accounting solution for small businesses. But is it really worth the hype? In this review, we will take a closer look at Bench.co.uk and its features to determine if it lives up to its promises.

What is Bench.co.uk?

Bench.co.uk is an online accounting service that offers bookkeeping, tax preparation, and financial reporting for small businesses. It was founded in 2012 in Canada and has since expanded to the UK market. Bench.co.uk has a team of experienced bookkeepers who help businesses stay on top of their finances.

Features

Bookkeeping

One of the main features of Bench.co.uk is its bookkeeping service. The company pairs each business with a dedicated bookkeeper who handles all financial transactions, including categorizing and reconciling expenses, invoicing, and tracking income. This feature saves businesses time and reduces the risk of errors.

Tax Preparation

Bench.co.uk also offers tax preparation services. The company’s bookkeepers work with businesses to gather and organize all necessary tax documents and file taxes on their behalf. This feature ensures that businesses stay compliant with tax regulations and avoid penalties.

Financial Reporting

Bench.co.uk provides businesses with real-time financial reporting. The software integrates with a variety of financial institutions, allowing businesses to see all of their financial information in one place. Bench.co.uk generates reports on cash flow, profit and loss, and balance sheets, giving businesses a clear picture of their financial health.

Opinions on Bench.co.uk

Positive Opinions

Many small business owners have praised Bench.co.uk for its ease of use and helpful customer support. The dedicated bookkeeper assigned to each business ensures that bookkeeping is done accurately and on time, giving business owners peace of mind. The financial reporting feature also helps businesses make informed decisions based on their financial data.

Negative Opinions

Some users have criticized Bench.co.uk for its pricing. While the company offers affordable packages, businesses that require more complex bookkeeping services may find the cost to be higher than other accounting solutions. Additionally, some users have reported issues with the software’s integration with certain financial institutions.

Is Bench.co.uk a Scam?

No, Bench.co.uk is not a scam. It is a legitimate accounting service that has helped many small businesses manage their finances. The company is transparent about its pricing and services, and its bookkeepers are experienced professionals.

Conclusion

Bench.co.uk is a comprehensive accounting solution that offers bookkeeping, tax preparation, and financial reporting for small businesses. Its dedicated bookkeepers and real-time reporting features make it a great option for businesses looking to streamline their financial management. However, its pricing may not be suitable for all businesses.

FAQs

1. How does Bench.co.uk handle sensitive financial information?

Bench.co.uk uses 256-bit SSL encryption to protect all financial information. The company also requires all employees to sign strict confidentiality agreements.

2. Can I use Bench.co.uk if I am not based in the UK?

No, Bench.co.uk is currently only available to businesses based in the UK.

3. Does Bench.co.uk offer a free trial?

Yes, Bench.co.uk offers a 30-day free trial for new customers.

4. How does Bench.co.uk compare to other accounting software?

Bench.co.uk offers a more personalized approach to bookkeeping, with each business assigned a dedicated bookkeeper. However, its pricing may be higher than other accounting software solutions.

5. Does Bench.co.uk offer support?

Yes, Bench.co.uk offers customer support via phone, email, and live chat. Customers also have access to a help center with resources and articles on accounting and bookkeeping.