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Accounting & Finance · head to head

Bench vs FloQast

Bench logo

Bench

Accounting & Finance

America's largest bookkeeping service for small businesses

From
$299/month
Rated
-
Full reviewWebsite
FloQast logo

FloQast

Accounting & Finance

Close management software for accounting teams

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Bench recent bankruptcy and acquisition by Employer.com creates uncertainty about product roadmap and support continuity; FloQast no pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against
  • They diverge on capability: Bench covers Dedicated bookkeeper, FloQast covers Close management.

Where they differ

Only the attributes on which Bench and FloQast actually diverge.

Attributes where Bench and FloQast differ
AttributeBenchFloQast
Starting price$299/month$29/month
Pricing modelUnknownsubscription
PlatformsWeb, Ios, AndroidWeb
Founded20122013

Identical on both: free tier (No), user rating (Not yet rated), category (Accounting & Finance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Bench

  • Dedicated bookkeeper
  • Monthly financial statements
  • Bank reconciliation
  • Tax preparation
  • Expense categorization
  • Stripe
  • PayPal
  • Square

Only in FloQast

  • Close management
  • Reconciliation
  • Flux analysis
  • Audit prep
  • Team collaboration
  • NetSuite
  • QuickBooks
  • Sage

Both cover

  • SOC 2
  • Web support

What people use each for

The jobs each tool is most often brought in to do.

Bench

  • Bookkeeping outsourcingnot FloQast
  • Tax preparationnot FloQast
  • Financial reportingnot FloQast

FloQast

  • Managing the accounting close with checklists and reconciliationsnot Bench
  • Automating account reconciliation and compliance workflowsnot Bench

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Bench

  • Recent bankruptcy and acquisition by Employer.com creates uncertainty about product roadmap and support continuity
  • Higher starting cost at $299/month compared to self-service accounting software like Wave or QuickBooks Online
  • Requires manual connection of financial accounts and ongoing coordination with bookkeeping team, less automated than software-first solutions
  • Tax services limited to US income tax returns; no support for complex entity structures or multi-state taxation
  • History of burning through capital rapidly, raising concerns about long-term business sustainability

FloQast

  • No pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against
  • The product is split into five separately packaged solution categories
  • Every route to a figure runs through a personalised demo

Pricing, plan by plan

Bench

$299/month

No published plan breakdown. See the Bench review.

FloQast

$29/month
  • StandardFree
    • Custom pricing
    • Close management
    • Reconciliation

Which should you pick?

Choose Bench if

  • You need dedicated bookkeeper.
  • You work on Web, Ios, Android.
  • You also want monthly financial statements.
Bench review

Choose FloQast if

  • You need close management.
  • You also want reconciliation.
FloQast review

Questions people ask

Is Bench or FloQast better?
Neither clearly leads. Bench starts at $299/month and FloQast at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Bench or FloQast?
Bench starts at $299/month and FloQast at $29/month.
Does Bench or FloQast run on more platforms?
Bench runs on Web, Ios, Android. FloQast runs on Web.
What is Bench best used for?
Bench is most often used for bookkeeping outsourcing, tax preparation, financial reporting. Of those, bookkeeping outsourcing and tax preparation are not what FloQast is typically brought in for.
What can Bench do that FloQast cannot?
Bench covers Dedicated bookkeeper, Monthly financial statements, Bank reconciliation, Tax preparation. FloQast covers Close management, Reconciliation, Flux analysis, Audit prep. Both handle SOC 2, Web support.

Answered from the vendors’ own pages

Bench: What happened to Bench Accounting?

Bench shut down abruptly on December 27, 2024, filing for bankruptcy in Canada with $65 million in debt. The company was acquired by Employer.com on December 30, 2024, and resumed operations in January 2025 under new ownership.

Source
Bench: What are Bench's current pricing plans?

Bench offers Bookkeeping at $299/month (billed annually) and Bookkeeping + Tax at $599/month (billed annually). Both include automated bookkeeping, real-time financial statements, and a dedicated team of bookkeepers.

Source
Bench: Does Bench include tax preparation services?

The Bookkeeping plan includes monthly bookkeeping and year-end tax-ready financial statements. The Bookkeeping + Tax plan adds one-on-one income tax consulting and annual income tax return filing.

Source
Bench: How does Bench's bookkeeping work?

Bench combines proprietary software with human bookkeepers. You connect your financial accounts to automate data entry, and Bench's team handles bookkeeping and provides year-end tax-ready statements. Customers can reach their dedicated team within 24 hours.

Source
Bench: Can I access real-time financial data with Bench?

Yes, Bench provides real-time reporting, allowing you to access or download updated income statements and balance sheets at any time.

Source
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Related pages

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