{"id":28615,"date":"2025-01-03T14:46:02","date_gmt":"2025-01-03T14:46:02","guid":{"rendered":"https:\/\/synder.com\/blog\/?p=28615"},"modified":"2025-01-03T14:46:03","modified_gmt":"2025-01-03T14:46:03","slug":"bench-accounting-shutdown","status":"publish","type":"post","link":"https:\/\/synder.com\/blog\/bench-accounting-shutdown\/","title":{"rendered":"Bench Accounting Shutdown: A Plot Twist No One Saw Coming"},"content":{"rendered":"\n

The end of 2024 dropped a bombshell on the bookkeeping world: Bench Accounting, North America\u2019s \u201clargest bookkeeping service for small businesses,\u201d suddenly shut down. With Emloyer.com swooping in for an unexpected acquisition, businesses are left scrambling for answers\u2014and alternatives\u2014just as the tax clock ticks louder.<\/p>\n\n\n\n

If you\u2019ve spent your holiday downtime googling \u201cBench Accounting, seriously?\u201d you\u2019re not alone. This article dives into the turmoil with a focus on what SaaS and retail businesses need to know moving forward. Buckle up for insights, advice, and a fresh perspective on navigating the chaos.<\/p>\n\n\n\n

It might not be the New Year\u2019s cheer we planned to kick off with, but hey, sometimes the plot writes itself. <\/p>\n\n\n\n

Let\u2019s unpack the drama.<\/em><\/p>\n\n\n\n

In the previous episodes of the accounting drama: What you might have missed<\/strong><\/h2>\n\n\n\n

If the holiday festivities had you too distracted to keep up, here\u2019s the recap of what went down (and is still unfolding) in the accounting world.<\/p>\n\n\n\n

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\"Bench<\/figure>
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Bench Accounting was a VC-based bookkeeping service tailored to small businesses, offering subscription-based financial management solutions. Founded in 2012, it grew to become a popular choice for entrepreneurs seeking affordable, reliable bookkeeping services before its abrupt closure in December 2024.<\/p>\n<\/div><\/div>\n\n\n\n
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On December 27th\u2014just two days after Christmas\u2014Bench delivered a shocking twist: an abrupt shutdown, leaving over 12,000 U.S. businesses in the lurch<\/strong> without access to essential accounting and tax documents. The plot thickened two days later with whispers of a potential buyer, only for a surprise acquisition announcement to hit on December 30th\u2014an announcement that mysteriously disappeared just two hours later.<\/p>\n\n\n\n

Fast-forward through the chaos (or, if you want the juicy details, <\/em>head to Reddit<\/em><\/a>), and we\u2019re now in a new chapter. Bench\u2019s website is back online, sporting big news: it\u2019s now part of Employer.com, a San Francisco-based HR tech company specializing in payroll and onboarding.<\/p>\n\n\n\n

According to what Employer.com\u2019s Chief Marketing Officer Matt Charney <\/strong>told TechCrunch<\/a>, the plan is to revive Bench\u2019s platform and guide customers on retrieving their data.\u00a0<\/p>\n\n\n\n

On January 2nd, CEO Jesse Tensley <\/strong>chimed in on LinkedIn, offering fresh details on what\u2019s next for Bench clients:<\/p>\n\n\n\n

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