Why connect personal accounts used for business to Bench?

• Automate the flow of transactions: Connect eligible personal bank accounts and credit cards that are used for business and your information will automatically and securely flow into Bench in real time

• Don’t sweat the details: Indicate which transactions were used for business, then submit them to your books. We'll then do the reconciliation and assign them to the right accounts.

• Capture more tax deductions: Maximize your tax deductions by including business transactions made from personal accounts. We’ll ensure you get every tax write-off available.

• A complete real-time view of your business: Data from personal accounts is incorporated in real-time for a more accurate business overview.

How to get started with the personal to business crossover feature

Connect your personal accounts or credit cards used for business purposes like you would any other account and simply indicate that it is a personal account used for business. See how here.

OR

Upload a pdf statement from your personal accounts or credit cards used for business purposes. See how here.

How to access the personal to business feature

1. Open Bench and select ‘Transactions’ from the ‘My Books’ dropdown

2. Click on the ‘Personal’ tab

How to add business transactions from personal accounts to your books

1. Once you’ve navigated to the personal transactions area, you will see at the top when you have new personal transactions to review. Simply click “Review Personal Transactions” to get started. 

2. You’ll be able to easily search for specific transactions or filter by date or account.

3. To mark transactions as either personal or business, you click the check box on the left

4. Click “submit to books” and business transactions will be added to your books and personal transactions will be archived.

5. If you have used  a filter or searched a term previously, you can clear filters and continue to review. 

6. Once you have completed reviewing  all transactions, you will  see any personal transactions archived below. Note, if any transactions need to be added to your books after they have been archived, you can simply message your bookkeeper to do so. 

7. If there are no transactions that need to be reviewed you will see this message. 

8. When you have new personal transactions that need to be your attention your bookkeeping team will let you know in the notification center. 

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