Bench pairs you with an expert bookkeeper to keep your books up to date so you can meet the conditions of your EIDL loan agreement. If you need catch-up bookkeeping, we can do that too (and even get you organized and filed come tax season).
With up to date bookkeeping and organized financials, you can meet the SBA's requirements for business owners holding an Economic Injury and Disaster Loan (EIDL). Here's what Bench can provide:
Current and Proper Records
The SBA requires that records are maintained for the most recent five years until three years after your loan maturity or after the loan has been paid in full, whichever comes first
The SBA requires that business owners provide financial statements to the SBA within three months of the end of their fiscal year
What you get with Bench
Your Bench bookkeeper will do your monthly books, and provide the financial information you need to get the correct PPP loan amount, and ensure it can be forgiven.
Our financial relief portal provides Bench clients with up-to-date information and webinars for navigating the PPP. Have questions? Your bookkeeper will respond within one business day.
With your monthly books up to date, tracking your forgivable expenses will be a breeze. Plus, you'll have an on-going clear picture of your financial health to help you grow your business.
Have peace of mind you will be providing the appropriate supporting documents that your lender needs to forgive your loan.
Whether you receive partial or full PPP loan forgiveness, our tax pros can help you claim your new deductibles and get you set up for tax season with our year end financial package.
Ready to pass the year end tax prep and filing off to someone else? Add Bench Tax to your subscription and have a licensed expert get you prepped and filed before the deadline hits.
Thousands of small business owners trust Bench with their books
All plans include a dedicated bookkeeping team and intuitive software to monitor your financials.
Tell us your average monthly expenses and we'll suggest the plan that's right for your business.
from $3k to $20k
from $20k to $50k
from $50k to $100k
from $100k to $1M
Start a free trial to see how Bench can help your business. We’ll do a month of your bookkeeping immediately, and deliver a set of financial statements for you to keep.