This helps preserve the integrity of financial statements and identifies errors or fraudulent activities. But even if you’re not subject to Sarbanes-Oxley, reconciling accounts — especially cash accounts— on a timely basis can help prevent fraud. We’ve all heard of small businesses that lose tens of thousands, even hundreds of thousands, to embezzlement. Many of those thefts could have been halted in their tracks immediately if the bank accounts had been reconciled regularly. This process can help organizations identify errors that could lea...

But if yours is more complicated, you might look into other accounting software options besides Bench accounting. If you’re behind on your finances, this can be bench.co pricing a really stressful burden to deal with. Bench.co offers catch-up bookkeeping, so if you’re a year or so behind on your taxes, they’ll help to tidy things up. They also make adjustments to your books to ensure they’re tax-compliant.With the Plus plan, you can also track inventory and project profitability.Unlike accounting software, however, Bench doesn’t offer tools...