Bookkeeping and Accounting for Dry Cleaning And Laundry Services

In need of a bookkeeper and accountant for your Dry Cleaning and Laundry Service? We're here to handle your books, giving you more time to concentrate on your laundry business. Try our service for free.

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How Bench works with dry cleaning and laundry services

Manage your bookkeeping, income tax prep, and filing with precision—supported by one powerful platform. Bench works seamlessly with Dry Cleaning and Laundry Services.

We get you set up

Our knowledgeable team takes the time to thoroughly comprehend your dry cleaning and laundry service operation, respond to your queries, assist you in connecting your accounts, and demonstrate how Bench can seamlessly work with your business.

We do your bookkeeping

Each month, your designated bookkeeper arranges your dry cleaning and laundry service transactions and compiles financial statements. Should they require any additional information from you, they'll promptly reach out.

We deliver tax-ready financials

Our experienced team is well-versed with tax regulations pertaining to the Dry Cleaning and Laundry Services industry and we'll tailor our approach to suit your business' individual requirements.

Here’s why dry cleaning and laundry services like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

We provide frequent updates on your bookkeeping. Urgent inquiries about your dry cleaning and laundry service's finances that can't hold off? We ensure we respond to your concerns in one business day or less.

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Guaranteed accuracy in every detail

With Bench, your dry cleaning and laundry service can easily automate data inputs from most primary providers, significantly reducing the chance of errors. We've partnered with recognized merchants such as Gusto, Stripe, Shopify, and Square, ensuring your financial records are always accurate and up-to-date. Trust Bench Accounting to stand with your business every step of the way.

See where you’re spending. Make smart decisions

Say farewell to mountains of receipts and labor-intensive financial tracking—we can facilitate direct automation from your linked accounts. With Bench Accounting, the financial aspects of your Dry Cleaning and Laundry Service business become clear and accessible from one central dashboard. Easily comprehend the financial wellbeing of your business and make strategic decisions with confidence.

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Bench integrates with your favorite small business tools

We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.

Trusted by 25,000+ American small business owners

“Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

CHRIS RONZIO

CEO, TRAINUAL
“This is the first year where it’s tax season and I don’t feel anxious one bit.”

DR. BUKKY KOLAWOLE

FOUNDER/EXECUTIVE DIRECTOR, RELATIONSHIP HQ
“Bench has lifted a giant weight off my shoulders and freed up my time so I can focus on earning money and working with clients, meetings and calls.”

HEATHER SHOLL

FOUNDER, THE VILLAGES GYM
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We know bookkeeping for dry cleaning and laundry services

In the dry cleaning and laundry industry, it's important to keep track of inventory, manage payroll for employees, and stay on top of equipment depreciation expenses. Furthermore, there are complex industry-specific tax implications regarding environmental surcharges for the disposal of wastewaters and dry-cleaning solvents. At Bench Accounting, we handle bookkeeping and tax responsibilities for you, so you can focus more on the operations of your business. We do this through an innovative approach, combining powerful bookkeeping software with a team of knowledgeable, human bookkeepers that are well versed in the specific laws and taxes applicable to the laundry and dry cleaning profession.

Understanding the exact maintenance costs of your machinery, the cost of supplies, and employee wages can be critical in making decisions for your business. The team at Bench helps you track these expenses across various locations if your business operates in more than one site. Moreover, our expert team helps dry cleaning and laundry service owners handle difficult issues such as sales tax regulation changes and different depreciation schedules. Trust Bench to take care of the complicated stuff so that you can devote your time to what matters most: growing your dry cleaning and laundry business.

Simple, straightforward pricing for everything your business needs.

Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.

Choose Plan

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$249/mo

billed annually

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$399/mo

billed annually

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$299/mo

billed monthly

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$499/mo

billed monthly

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Frequently Asked Questions

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What specific accounting procedures are important for the dry cleaning and laundry services industry?

Several accounting procedures are particularly important for businesses in the dry cleaning and laundry services industry. These include:

  • Revenue Recognition: It is vital to accurately track when services are rendered and revenues are earned, whether it's on delivery, pick-up, or any other pre-agreed terms.
  • Expense Tracking: This includes capturing costs related to cleaning supplies, equipment maintenance, labour wages, utilities, and more. Proper tracking helps to evaluate profitability and control costs.
  • Capital Expenditure Tracking: Any expenditures made on long-term assets (such as delivery vehicles or dry cleaning equipment) should be tracked separately. These assets typically are depreciated over time, and this needs to be accounted for in your financial management.
  • Payroll Processing: Accurate payroll management is necessary not only for employee satisfaction but also for tax and legal compliance.
  • Cash Flow Management: A keen eye on cash flow is a must, given the cyclical nature of the business. Knowing when cash is coming in and going out can help manage the operational costs efficiently.

Hiring a bookkeeper who understands these specific needs of the dry cleaning and laundry services industry can be beneficial in maintaining your financial health.

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How can a bookkeeper help manage the income and expenses in my dry cleaning and laundry business?

A bookkeeper can be a valuable asset to your dry cleaning and laundry business by managing your income and expenses in several ways. They can establish an efficient system for recording all transactions, including sales, purchases, and payments. They can also track your company's spending, ensuring that all outgoing funds are categorized correctly. This makes it easier to analyze your expenses and identify any cost-saving opportunities.

Managing income is another important aspect of a bookkeeper's role. They can monitor all income sources and ensure all revenue is accurately recorded. Additionally, they can sync all transactions with your bank statements to ensure accuracy, help create periodic financial reports, and assist with budgeting and forecasting.

Bookkeepers can also manage your payroll and bill payments, making sure all employees and suppliers are paid on time. This reduces the risk of late fees or penalties and ensures smooth business operations. Lastly, they can prepare all the necessary financial statements and ensure your business stays compliant with relevant tax laws, saving you time and stress come tax season.

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Are there unique tax considerations for businesses in the dry cleaning and laundry services sector?

Yes, businesses in the dry cleaning and laundry services sector may deal with a few unique tax considerations. For instance, these businesses may be eligible for special deductions relating to energy-efficient appliances and machinery. Certain environmental cleanup costs may also qualify for tax deductions. Since tax legislation constantly evolves, it's crucial for businesses in this sector to work with a knowledgeable bookkeeper who can provide up-to-date insights and guidance. Please note this information is general in nature, and specific tax situations can vary widely.

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Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

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Will I have one point of contact?

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

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How much time each month will I have to spend managing my Bench account?

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.

Bookkeeping Services for Dry Cleaning and Laundry Services

Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.

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