Before joining NerdWallet in 2020, Sally was the editorial director at Fundera, where she built and led a team focused on small-business content and specializing in business financing. Your financial statements are more than a look at how your business performed in the past. Choosing an accounting software for your small business is no small decision, and it shouldn’t be made overnight. The term software integration refers to the process of joining two or more software applications so they work in tandem. Accounting software, like most software, is limited in its abilities because it’s designed to address a specific need.

The Best Real Estate Accounting Software of 2024

The main reason the platform didn’t score better in our Bench Accounting review is that it lacks bill payment and invoicing services, but most companies choose to handle those back-office tasks themselves. Also, it doesn’t have financial planning services like investment and business expansion. Finally, because it operates on proprietary software, it doesn’t sync with commonly used accounting solutions like QuickBooks Online and Xero.

• We feel this is mainly because of the quality of its customer service, which has been described as both responsive and knowledgeable.
• Get intuitive software that syncs directly with your small business accounts to deliver tidy, perfect books each month.
• However, we declare Bench as the overall winner in our comparison of QuickBooks Live vs Bench because of the additional services Bench offers and its superior pricing.
• The functionality of the platform could be especially useful for businesses that have a lot of transactions, like e-commerce or restaurant businesses.

Built for small business

Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations. Or, let us handle the year end prep and filing for you with BenchTax. Get intuitive software that syncs directly with your small business accounts to deliver tidy, perfect books each month. After the 4-month promotional period, you will be billed at full price for the plan you have selected. Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development.

Simple, straightforward pricing for everything your business needs.

When comparing services, ensure you're pricing out all the features you need, including add-on services like tax prep, payroll and HR. If you're considering a bookkeeping service that runs on QuickBooks or Xero, include the cost of that software, too. Take advantage of product demos and introductory calls to find the right service. Online bookkeeping services typically offer a dedicated contact or team — but these are still virtual bookkeepers, available by email or occasionally by phone.

QuickBooks Live allows you to connect an unlimited number of accounts while Bench users can only connect up to 15 merchant, bank, credit card, and loan accounts for free. If you need to connect more accounts, you can contact Bench for a custom quote. Shortly after you sign up, we’ll give you a call to learn more about your business and bookkeeping needs. On this call, we’ll connect your accounts to Bench, and gather any extra documentation we need to complete your books. QuickBooks, Xero and other do-it-yourself bookkeeping software give you a tool to do your own bookkeeping and taxes.

Pricing: Bench Wins

Bench.co will set up a specialist bookkeeping team for you priced at $83 per month. You can avail of specialized bookkeeping with all plans as an add-on. Doing so provides Bench with the ability to import all your transaction and expense data to compile your books. Such a setup can be daunting for some because let’s face it – nobody likes sharing their financial information with anyone. But doing it through an online platform, well, it’s fair to say it feels like an even bigger security risk.

That means you’ll never lose access to your data within our platform. All reports can be easily exported to an Excel file to share with your accountant or future bookkeeping provider. Once you securely connect your financial accounts to the Bench platform, we’ll pair you with a dedicated bookkeeper. With FreshBooks Payments you can start accepting credit https://www.bookstime.com/ card payments online right away, with zero set up required. Sage Intacct debuted its new Sage Intacct Real Estate integration with tools specifically for managing subleases. Real estate agents that need a full-feature but easy-to-use accounting software that’s accessible for their use even while showing homes or meeting with clients should consider Xero.

Intuit QuickBooks Pro

Bench also gives you the option to opt for an annual subscription and receive a discounted rate. With QuickBooks Online, your monthly subscription price will also be based on which of the four plans you choose (based on the features you need). Plus, if you want to add QuickBooks Live Bookkeeping, you’ll need to pay an additional bench accounting login monthly fee. QuickBooks Live Bookkeeping can be added to any of the four QuickBooks plans, but will require an additional monthly cost based on your expenses. Online bookkeeping services typically range from around $200 per month to well over $500 per month if you opt for more frequent reports or back-office add-ons.

We believe that Bench is the better service for most small businesses while QuickBooks Live is good for companies using QuickBooks that don’t need any additional services beyond basic monthly bookkeeping. Crystal clear financial statements and reportsSee what your money is up to in real-time. Your income statement, balance sheet, and visual reports provide the data you need to grow your business.Simple to use anytime and anywhereForget about spending hours learning new software.