Bench vs ZarMoney

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Our analysts compared Bench vs ZarMoney based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Bench Software Tool

Product Basics

Bench automates bookkeeping and provides financial assistance to small business owners. It automatically connects all transaction data from the business accounts each month. Users can take advantage of the subscription to cloud-based modules and or in-house professional consultants. Access it through the iPhone app to track cash flow and financial health with income statements, intuitive expense reports and more.
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ZarMoney is an all-in-one cloud accounting solution that helps businesses of all sizes with invoice management, billing, inventory accessibility and online payments. It makes data secure and ensure compliance by giving administrators the power to grant location- and access-based control. Ensure item organization and stock level management with custom fields and product lines. It empowers businesses by streamlining sales operations, processing payments and sending automated notifications with the order status. Supervisors can keep a tab on the warehouses across different locations, manage sales and purchase history and track inventory.

Pros
  • Simple Interface
  • Mobile App Access
  • Affordable Plans
  • Expense Tracking
  • Basic Invoicing
Cons
  • Limited Features
  • No Inventory Management
  • Basic Reporting
  • No Multi-Currency
  • Limited Integrations
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$249 Monthly
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Tailored to your specific needs
$15 Monthly
Get a free price quote
Tailored to your specific needs
Small
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Product Assistance

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24/7 Live Support
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Product Insights

  • More Dedicated Bookkeepers: Leverage the expertise of a team of dedicated bookkeepers who work in-house every month to import bank statements and prepare financial statements. Communicate with a client research team for answers to all economic questions. 
  • Tax-Ready Finances: Track business performance and get insights into monthly financial reporting. Bundle with the tax module to help with preparation, year-end taxes and other assistance. Work with an existing CPA firm to ensure all accounts are ready for the IRS. 
  • Rich Insights: Get monthly statements and expense overviews to stay clued in and keep everything in control. Take control of finances with visual reports. 
  • Better Mobile Capabilities: Access it on a desktop or an iPhone and take a look at crucial financial information on the go. 
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  • Simplified Workflow: Streamline everyday tasks like invoicing, expense tracking, and bank reconciliation with an intuitive interface and automated processes, freeing up valuable time for business growth.
  • Financial Clarity: Gain real-time insights into your financial health with comprehensive reports and dashboards that track income, expenses, and profitability, allowing you to make informed decisions with confidence.
  • Enhanced Efficiency: Eliminate manual data entry and tedious tasks with features like automatic invoice reminders, purchase order integration, and seamless payroll processing, boosting productivity and minimizing errors.
  • Cost-Effective Management: Control your financial resources effectively with flexible pricing plans tailored to your business needs, helping you optimize spending and maximize your return on investment.
  • Mobile Accessibility: Manage your finances on the go with a user-friendly mobile app, allowing you to review reports, approve invoices, and track expenses from anywhere, anytime.
  • Improved Client Relationships: Send professional invoices, track payments, and offer flexible payment options, fostering stronger relationships and encouraging timely payments from your clients.
  • Data Security & Peace of Mind: Rest assured knowing your financial data is secure with bank-level encryption and robust data backup systems, providing peace of mind and ensuring compliance with industry regulations.
  • Scalability & Growth: As your business expands, ZarMoney scales with you, accommodating your growing needs with additional features and functionalities to support your long-term success.
  • Expert Support: Get the help you need with dedicated customer support, readily available to answer your questions and provide guidance, ensuring a smooth and successful accounting experience.
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  • Monthly Bookkeeping: Get dedicated bookkeepers who take time to understand the business by gathering the information they need. Ensure taxes get filed at the right time by importing transactions every month. 
  • Reports: Check financial statements and expense overviews, along with visual reports to identify loopholes and get actionable insights into how the organization should move forward. 
  • Bench Tax: Ensure that financials are filed on time, and the business never misses any deadlines with an all-in-one tax and bookkeeping solution backed by a professional team. Timely and accurate returns ensure that companies get the deduction they deserve. 
  • Catch-Up Bookkeeping: Get quick and accurately managed overdue finances for companies less than two years behind on bookkeeping. Offer extensive experience managing historical bookkeeping. 
  • Bench Retro: Tackle years of missing records, back taxes if the business is several years behind on record keeping. Ensure quick turnaround with a customizable and affordable bookkeeping plan. 
  • Free Trial: Get a month-long free trial to ensure the system works well for the company. 
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  • Invoicing: Create and send invoices in minutes. Give customers the freedom to pay directly from the invoice with the Pay Now option. Auto-populate fields from a customer’s database. 
  • Reporting and Integration: Get instant access to over 1,000 customizable reports and 40+ built-in reports for different business functionalities=. Use insights from regular reporting to control the business. Integrate with leading market applications like Shopify, Zapier, Gusto and MailChimp. 
  • Account Payable: Manage cash flow with Payable Calendar. Keep a tab on the bill status and create payments against the balances. Pay more than one vendor in one go. Upload, attach and send receipts and invoices individually or in batches. 
  • User Access: Limit who can access the data with an advanced role-based entry system. Periodically monitor access, minimize risk and reduce cost by enforcing company policies. Ensure compliance with the latest standards. 
  • Account Reconciliation: Know the real-time status of the bank account. Identify the cause of differences between cash book and passbook. Check for errors and frauds and keep all the information regarding payments and collections up to date.  
  • Inventory: Minimize overstock and out of stock. Provide support for multiple locations and warehouses. Connect incoming inventory to existing POs. Provide support for split PO payments and enable predictive analysis. 
  • Online Payment: Secure and optimized deposits to send money faster. Allow customers to pay invoices with one click and send invoices with a Pay Now button. Ensure instant posting of transactions to the history of the customer and ERP.  
  • Quotes: Convert quotes into invoices with one click. Create, print and email personalized quotes. Automatically fill the details from the customer’s database. 
  • Purchase Order: Ensure end-to-end management of the purchasing process. Know where the money is going and reduce cost by optimizing vendor pricing. Gain complete transparency by enabling an audit trail. 
  • Sales Order: Streamline the sales process and gain complete visibility into the latest customer order status. Track and manage backorders and activate partial payment of invoices. Enforce the provision to accept prepayments and deposits.  
  • Sales Tax: Specify tax zones according to store locations or customers. Add multiple tax zones. Automatically file and calculate taxes. Override invoice data when required.  
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Product Ranking

#140

among all
Accounting Software

#538

among all
Accounting Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 0 82 98 34 74 75 0 98 93 0 14 0 77 0 65 0 25 50 75 100
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User Sentiment Summary

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Excellent User Sentiment 143 reviews
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94%
of users recommend this product

ZarMoney has a 'excellent' User Satisfaction Rating of 94% when considering 143 user reviews from 3 recognized software review sites.

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4.8 (21)
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4.72 (64)
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Awards

No awards.

ZarMoney stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Intuitive Interface: Many users find Bench's platform easy to navigate, simplifying tasks like categorizing transactions and generating financial reports.
Automated Bookkeeping: Bench automates many bookkeeping tasks, such as importing bank statements and categorizing transactions, saving users time and effort.
Dedicated Bookkeeper Support: Users appreciate having access to a dedicated bookkeeper who can answer questions and provide personalized support.
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Intuitive Interface: Users consistently praise ZarMoney's user-friendly design, making it easy to navigate and manage finances even without extensive accounting experience.
Comprehensive Features: ZarMoney offers a robust set of features covering invoicing, expense tracking, bank reconciliation, reporting, and more, addressing a wide range of accounting needs.
Customizable Dashboard: Users appreciate the ability to personalize their dashboard with shortcuts and widgets for quick access to key metrics and frequently used features, streamlining workflows.
Mobile App: The ZarMoney mobile app enables users to manage finances on the go, ensuring flexibility and access to essential information anytime, anywhere.
Responsive Customer Support: Users commend ZarMoney's prompt and helpful customer support team, providing timely assistance and resolving issues efficiently.
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Limited Features for Accountants: Some users have expressed that Bench lacks robust features specifically designed for accounting professionals, such as advanced reporting capabilities or complex inventory management.
Customer Support Concerns: A few users have reported experiencing delays or difficulties in getting timely support from Bench's customer service team.
Pricing Structure: While Bench offers transparent pricing, some users have found it to be relatively expensive compared to alternative bookkeeping solutions, especially for businesses with higher transaction volumes.
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Limited Scalability: Some users with complex accounting needs or high transaction volumes report that ZarMoney's features can become limiting, requiring an upgrade to more robust accounting software.
Integration Issues: Occasional difficulties integrating ZarMoney with third-party applications like payroll software or CRMs are mentioned by some users, requiring additional setup or workarounds.
Limited Reporting Customization: While offering report customization options, some users feel the level of detail and flexibility falls short compared to more advanced accounting software.
Pricing Concerns: Some users, particularly freelancers or solopreneurs, find the subscription pricing model less cost-effective compared to one-time purchase alternatives, especially for basic accounting needs.
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Is Bench the right software to help your business come out on top? Bench is a cloud-based accounting software that aims to simplify financial management for small businesses. User reviews highlight its user-friendliness as a major strength, making it ideal for those without extensive accounting experience. Features like invoicing, expense tracking, and payroll streamline financial tasks, saving users time and effort. However, pricing emerges as a significant drawback, potentially deterring budget-conscious businesses. Bench differentiates itself through its dedicated team of bookkeepers who provide personalized support and ensure tax readiness. This hands-on approach sets it apart from competitors like Xero and QuickBooks Online, which primarily offer software tools without the same level of human assistance. This is particularly valuable for businesses seeking expert guidance and peace of mind regarding their financial records. Overall, Bench is best suited for small business owners who prioritize ease of use and personalized bookkeeping support, even if it comes at a higher cost. Those comfortable handling their own accounting or seeking more budget-friendly options might find other software more suitable.

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ZarMoney users praise its user-friendly interface and comprehensive feature set, making it ideal for small businesses and individuals with basic to moderate accounting needs. They particularly appreciate the customizable dashboard, mobile app, and responsive customer support, simplifying financial management on the go and ensuring prompt assistance when needed. Compared to competitors like QuickBooks, users find ZarMoney more intuitive and budget-friendly, especially for its core functionalities. However, some limitations emerge for complex accounting or high-volume businesses. ZarMoney's scalability can feel restrictive, prompting users to graduate to more powerful software. Integration with specific third-party tools can also be challenging, requiring extra effort to set up. While offering report customization, the level of detail might not suffice for users seeking advanced financial analysis. Overall, ZarMoney shines for its ease of use, affordability, and essential features. Users looking for a simple yet powerful accounting solution for their growing business will find ZarMoney a strong contender. But for intricate financial structures or extensive customization needs, exploring alternatives might be necessary.

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ZarMoney

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