Caffeine is Reader Supported, If you do buy through links on our website, we may earn a commission at no extra cost to you. Read the full disclaimer here
Accounting Automation For Your Business
Having a business might seem fun on the outside, and it is, at least most part, some things are hard, or even impossible, for a solo entrepreneur or a new start-up to manage, like BookKeeping/accounting and you could try to outsource it to external large accounting firms, but the costs can add up quickly and eat into your profits, which are probably already slim, given that you are still in the growth phase.
so we can we do? well, you can (try to) keep managing your books and hope that’s sufficient, or use an accounting A service, and unlike DIY ones like FreshBooks, these actually manage your books, instead of helping you manage them, but that doesn’t mean that DIY tools are bad, they can be good for freelancers or businesses that have an in-house accounting personnel.
1. Bench.co – the best All around accounting automation service
Bench.co is the leading Service in accounting automation, They give your business an all-in-one bookkeeping, banking, tax, and advisory solution (without the costly CPA price tag).
With Bench, you get a remote bookkeeping team that tracks and records all your business transactions, and a great app to help you quickly check your finances on the go. Professionally prepared financial reports make it easy to track business performance. And Bench will even file your taxes for you at the end of the tax year.
One major benefit of Bench is, They offer catch-up bookkeeping services. So, if your day-to-day bookkeeping has fallen behind, the team at Bench will bring it up to speed.
The only reason I am taking off half a star is that they only serve US-Based businesses, but other than that, it is the best service we could find.
Features:
- Dedicated Accounting Team
- Visual FInancial Reporting
- Tax-Ready Financial Returns
- Catch-Up BookKeeping
Pricing:
bench’s pricing starts at $250 Per Month, or $300 For premium, which does more features than the standard package.
Their Pricing might seem high at first, but compared to a full-blown accounting firm, it is way cheaper.
2. FinancePal – The Best For Accounting Automation With Flexible Pricing
FinancePal is full-service accounting automation and bookkeeping solution serving small and medium-sized businesses across various industries.
they leverage best in class technology and marry it with efficient processes and trained professionals to provide you with an affordable high-quality monthly service.
Their services include accounting, bookkeeping, bill pay, payroll, sales tax filings, tax preparation, and advisory services. They will custom tailor a program to fit the needs of the customer with the ultimate goal of helping free business owners from tedious day-to-day accounting functions, so they can focus on what really counts: growing the business.
Their App isn’t as polished as The Bench app, and their Services are more Expensive.
Features:
- Great Integrations With Other Services
- Bill Pay
- PayRoll
- Sales Tax Filings
- Flexible Pricing
- Dedicated Team
- Financial Reports
Pricing:
Their Pricing is flexible based upon your needs, and You can get a FREE Quote through here to see if their services match you.
Final Thoughts
as you can see, these services are great for businesses who don’t know how to manage their accounting, but if you want a more hands-on approach, you can a service like FreshBooks, and manage it yourself, but be careful, there is a huge learning curve with these types of DIY apps
using these tools are hopefully going to free up your valuable time for you to focus on other aspects of your business.
but hey, these aren’t the only bookkeeping tools out there, if you want us to review a tool you know, then don’t hesitate to contact us directly here.
