Bank Statements: 13 months' worth of bank statements (PDF or Excel format) for all company bank accounts, including checking, savings, investment, GIC, and operating accounts.

Credit Card Statements: 13 months' worth of credit card statements (PDF or Excel format) for all company credit cards, including personal cards used for business purposes.

Sales Records: Sales slips, POS receipts, and detailed records of all sales transactions.

Payment Records:

• • Electronic Funds Transfer (EMT) payment history.

  • Canceled checks.

  • Cash disbursement records.

  • Shareholder transactions: deposits, withdrawals, capital contributions, dividends, salaries, etc.

  • Other operating expenses: advertising, insurance, interest, office supplies, professional fees, consulting fees, rent, management fees, travel expenses, conference fees, etc.

Vehicle Expenses:

• • Business use percentage.

  • Gas/diesel expenses.

  • Insurance, repairs, monthly lease payments, parking fees, and other vehicle-related costs for each vehicle.

  • Purchase contracts for vehicles purchased in the current year.

Home Office Expenses:

• • Home office square footage.

  • Utilities (gas, electricity, water).

  • Office repairs and maintenance.

  • Mortgage interest, property taxes, internet, and phone expenses.

• • Home office square footage.

  • Utilities (gas, electricity, water).

  • Office repairs and maintenance.

  • Mortgage interest, property taxes, internet, and phone expenses.

We don’t sync your financial data from any other bookkeeping software.

We use our own proprietary software to complete your books. You won’t need any other software to work with Bench—we do everything within our easy-to-use platform.

QuickBooks, Xero and other do-it-yourself bookkeeping software give you a tool to do your own bookkeeping and taxes. Bench does your bookkeeping and taxes for you.

If you’re switching from QuickBooks, we’ll work from your closing balances to do your bookkeeping going forward. If you’re not sure whether your closing balances are accurate, we recommend chatting with one of our Onboarding Specialists about Catch Up bookkeeping.

Your bookkeeper reconciles your accounts, categorizes your transactions, and produces your financial statements. They also make adjustments to your books to ensure they’re tax-compliant. Occasionally your bookkeeper might need your input on things like categorizing a transaction properly, but we try our best to make bookkeeping as hands-off as possible for you.

You can also book a call with your bookkeeper (or send them a message) whenever you’d like. There’s no extra fee or hourly charges for support—we’re always happy to nerd out about bookkeeping and your financial statements.

Yep! You can add any amount of Catch Up bookkeeping to a standard plan. No matter how far behind you are (yes, even years behind), we can get you caught up quickly.

If you’re several years behind on your bookkeeping and taxes, you can get caught up and filed with Catch Up Bookkeeping.

We use Plaid, which lets you securely connect your financial accounts to Bench in seconds. This feature saves you the time and effort of manually uploading documents.

We connect with Stripe, Square, Shopify, PayPal, and Amazon. By connecting your payment processor, all of your transactions are automatically synced to Bench’s platform.

We also support clients that use other merchant processors. We’ll work with you to connect accounts and pull the data we need to reconcile your books.

There are some times that we’ll request documents from you (like account statements or receipts), just to ensure the information we have is correct. If you need to share files with your bookkeeping team, it’s as simple as uploading a file. We’ll take care of the rest.

Each customer's main point of contact is a dedicated in-house, professionally-trained bookkeeper, based in Canada. Part of what makes us unique is that we blend together the human touch with modern technology. Our in-house team is also supported by machine learning technology, which allows us to automatically process large amounts of financial data instantly, and close your books faster and accurately.

To maintain accurate books and capture more tax deductions, we make it easy to add business transactions from your personal accounts to Ke Wang CPA.

With our resources and expert team, you’ll also get a full understanding of CRA requirements for mixing personal and business transactions based on your corporate entity.