Bench provides an online bookkeeping service for U.S. small businesses and self‑employed entrepreneurs, combining automated transaction import and AI‑assisted categorization with dedicated professional bookkeepers. The platform delivers real‑time financial reports, monthly statements, and a tax‑ready year‑end package, while also offering catch‑up bookkeeping and full tax filing assistance.
Funding
$60.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
4OFounders
Product
Problem
Small business owners often lack the time, expertise, and resources to maintain accurate, up-to-date books and handle tax compliance, leading to missed deductions, IRS penalties, and limited financial insight for decision‑making.
Solution
Bench delivers an online bookkeeping service that pairs automated accounting software with dedicated professional bookkeepers. The platform connects to bank, credit‑card and payment‑processor accounts to import transactions automatically, categorizes them using smart rules, and surfaces real‑time financial reports. Human bookkeepers review the data, resolve discrepancies, and provide ongoing guidance through an in‑app messaging channel. Bench also offers catch‑up bookkeeping for businesses that are behind, and a full tax‑preparation and advisory service that prepares IRS‑compliant year‑end packages and files returns on behalf of the client. The combined software‑human approach reduces manual effort, improves accuracy, and gives owners timely visibility into cash flow, profitability and tax obligations.
Target Audience
Bench serves U.S. small business owners and self‑employed entrepreneurs who need reliable bookkeeping, tax filing, or help catching up on overdue financial records.
Features
- Automatic data import from banks, credit cards, Stripe, Square, Shopify, Gusto and other tools
- AI‑assisted transaction categorization with manual review by a dedicated bookkeeper
- In‑app communication for unlimited support, document uploads, and real‑time question answering
- Monthly financial statements (income statement, balance sheet, expense breakdown) accessible on demand
- Year‑end tax‑ready financial package and optional small‑business tax filing by CPA/EA advisors
- Catch‑up bookkeeping service that can bring multi‑year backlogs up to date and ensure IRS compliance
- Integrated notification center for deadlines, document requests and tax estimate reminders