Why does Bench Need Documents From Me?

Table of Contents

Why Bench needs additional documents 

Documents are essential for completing your Year End Financial Package. Your Year End Financial Package goes through multiple reviews to ensure all categorizations and adjustments are correct, and any notes that need to be left for tax preparer are there. This is often where the need for additional documents can be uncovered - it’s normal for these types of things to be uncovered during tax season, while all the major work is happening. Without your help providing these critical documents, your team cannot finalize your year end financials. 

These additional documents will ensure: 

  • Your assets and liabilities are accurately captured
  • Interest expenses are broken out properly when needed
  •  Year-end balances on any loans, leases, mortgages, line of credits, or accounts are captured accurately.

Providing your previous tax return

If you’ve filed a previous tax return, we use it to ensure that your books prepared by Bench match what was filed in the previous tax year and record any depreciation if applicable. 

Provide all documents to your Bench Team

Bench relies on the documentation and information you provide in order to ensure accurate and timely bookkeeping and tax filing. If we are missing critical information about your business, your bookkeeping or your tax situation, we will not be able to file your returns or extensions on time. 

We require all requested documentation and information as soon as possible, including your approval of the year-end financial package prepared by Bench, no later than 15 business days ahead of your respective federal and state tax deadlines. 

Was this article helpful?