How to Use Bench

Getting started with Bench

In this guide, you'll learn how to set up your Bench account and start managing your small business finances with ease. By the end, you'll be able to connect your bank accounts, automate transaction categorisation, and access your dedicated accountant.

Step 1: Sign up and set up

1. Visit bench.co.
2. Click on the "Get Started" button on the homepage.
3. Fill in your business details, including your name, email, and phone number.
4. Choose a plan that suits your needs—either the Core plan starting at $299/month or the Premium plan starting at $499/month.
5. Follow the prompts to create your account and provide your payment information.

Step 2: Your first bookkeeping setup

1. Once logged in, you will land on your Dashboard. Click on "Connect Accounts" in the menu.
2. Select your bank or credit card provider from the list and follow the on-screen instructions to securely link your accounts.
3. After your accounts are connected, Bench will start importing your transactions. This may take a few moments.
4. Click on "Transactions" in the menu to view your imported data. Here, you can see transaction categories and make adjustments if necessary.
5. To finalise your monthly bookkeeping, click on "Review" and follow the prompts to confirm your transactions.

Step 3: Get better results

1. Regularly check the "Reports" section to gain insights into your business finances. This will help you track your income, expenses, and profit.
2. Use the "Chat with your Accountant" feature for personalised advice and to clarify any questions about your finances.
3. Set reminders in the "Tasks" section for important financial deadlines, like tax filing or quarterly reviews.

Pro tip

Make use of the automated categorisation feature by regularly reviewing and adjusting categories for accuracy. This saves time in the long run and ensures your financial reports are correct.

Common mistake to avoid

Avoid skipping the initial setup of connecting all your bank accounts. Not linking all relevant accounts can lead to incomplete financial reports and mismanaged transactions.