Category: Bookkeeping

This classification determines how income is taxed and ensures proper payroll processing. The current version of Form 1120S, which you are required to file with the IRS, is 47 pages long. Unless you are a tax expert or an accountant, you may be banging your head into your desk after the first few pages. At […]

This means day-to-day operational costs or expenses a business faces in its regular operations. They have already been incurred or spent and are separate from current decision-making processes. Integrate financial data from all your sales channels in your accounting to have always accurate records ready for reporting, analysis, and taxation. See it in action with a 15-day […]

Connecting your accounts to Bench automates repetitive tasks like data entry, saving you time and effort. It eliminates the need for manual uploads, with your data appearing in your account instantly. This ensures your bookkeeping team can work efficiently, keep your books up to date, and help you get the most out Budgeting for Nonprofits […]