Keep track of all your business financials easily with Wyoming LLC Attorney’s partner Bench. No need to worry about finding a trustworthy professional — you already have one!
Keep track of all your business financials easily with Wyoming LLC Attorney’s partner Bench. No need to worry about finding a trustworthy professional — you already have one!
Yes! Accurate accounting and bookkeeping is required for businesses to stay afloat. Let us do it for you and be free to do what you love — run your small business.
Glad you asked! Bench helps small business owners save time and money. By providing dedicated experts and easy-to-use financial software, you’ll have the peace of mind that only financial security can provide.
Once you sign up, Bench takes care of your monthly bookkeeping. They’ll organize your business transactions and prepare financial statements. If they need anything from you, they’ll get in touch.
Every business, regardless of size, needs to keep track of income and expenses, or accounts payable and accounts receivable. Accounts payable tracks all outgoing payments, or your expenses. Some are recurring while others will happen irregularly. Accounts receivable tracks all income. Example income sources include sales, interest, and investment income. Proper bookkeeping ensures every dollar is accounted for correctly.
You view all business transactions holistically in your Profits & Loss statements, also known as your P&L. If you have employees or if you pay yourself through a W2, you’ll have payroll to maintain. Bookkeeping services also include monthly bank reconciliations, financial forecasting, and other financial statements. Choosing Bench to handle your bookkeeping and accounting means one less thing for you to worry about.
When you’re a small business owner, every minute counts. Signing up with Bench gives you back time to spend on running your business.
Get a snapshot view of all your money in and money out, whenever you need it, even before your books are closed.
At tax time, you receive a package with everything you need to file. (Or, let us do it for you with our Premium plan.)
Are you behind on your bookkeeping? Don’t worry. Bench has affordable solutions for all situations. Seriously. We can help.
Log in to your Wyoming LLC Attorney dashboard and choose Accounting and Bookkeeping Services.
Get set up and connect your accounts.
View your financials at any time through their easy-to-use dashboard.
Get real human support when you need it.
It’s not required per se because there isn’t a law that says small business owners have to hire an accountant. There are some big advantages to hiring a professional, however. A professional accountant will be up to date on the latest regulations and law. They know how to maximize your tax benefits and minimize risks as your business grows.
Every business needs a bookkeeper because every business needs to ensure transactions are correctly categorized, bills are paid, and income is received. The question is whether that bookkeeper is you, the owner, or if you hire someone. The answer depends on the size of your small business and the value of your time. If you only have a few monthly transactions, it may not be worth outsourcing. Most growing small businesses, however, have enough transactions where it makes sense to bring someone in to handle everything. Having accurate financial records is foundational to running a healthy business.
There are many benefits to partnering with a bookkeeping and accounting service (like Bench!):
Bookkeeping is a vital function in any business. The last thing a business owner wants is to make decisions based on inaccurate financial data. Bench makes it easy to take care of, letting you sleep better at night.
Proper bookkeeping helps prevent a stressful tax season. When every transaction is categorized, you have all the numbers your accountant needs to prepare your taxes for filing. There are no surprises either because you’ll have up-to-date numbers throughout the year. Some states require businesses to pay quarterly taxes, so knowing your responsibility is required. Bookkeeping helps you make informed decisions based on maximizing your tax benefits as you go along. If you wait until the end of the year, you may have missed some opportunities.
Bookkeeping is the process of recording financial transactions. Accounting is interpreting and analyzing those transactions to summarize the business's financial data. Both are essential for small businesses, and we can help!