Employer.com Acquires Bench Accounting

In a surprising turn of events, Bench Accounting, which abruptly announced its shutdown just days ago, has been acquired byEmployer.com, a new HR tech and payroll brand from Recruiter.com. The acquisition leaves small business owners, eCommerce brands, and startups wondering about the future of their bookkeeping and financial data. Let’s break down what’s happening and what this acquisition could mean for Bench customers and Recruiter Ventures.

Who Is Employer.com?

Employer.com is the latest brand launched by Recruiter Ventures, the parent company of Recruiter.com. According to a press release from November 22, 2024, Recruiter Ventures consolidated its existing HR and payroll technologies under the Employer.com brand. Designed to provide global payroll and workforce solutions, Employer.com positions itself as a leader in streamlining hiring and payment processes for businesses worldwide.

Jesse Tinsley, the founder of Employer.com,tweeted about the brand's vision:

“We’re doubling down on delivering the best HR Tech, EOR (Employer of Record), and payroll solutions, combining world-class support with technology that takes you from hiring to payroll in record time.”

The acquisition of Bench Accounting marks a notable pivot from payroll to bookkeeping services—a move that could expand their reach or strain their existing resources.

Why the Acquisition Raises Questions

While the acquisition might seem like a logical step to integrate bookkeeping into Employer.com's offerings, the timing raises eyebrows. Bench announced its closure on December 27, 2024, causing panic among its 12,000 customers. Just days later, news of the acquisition broke, leaving many wondering why the announcement wasn’t coordinated to reassure Bench users.

Key Concerns for Bench Customers:

Data Export Availability

Will Employer.com honor Bench’s promise to allow businesses to access and download their financial data until March 7, 2025? This remains unclear.

Transition to Employer.com

Bench customers must now decide whether to transition to Employer.com or seek alternatives. Many businesses are wary of staying on a platform mid-transition.

Operational Continuity

It’s uncertain whether Employer.com will retain the existing Bench team and infrastructure or overhaul the system entirely. This uncertainty leaves Bench customers in a tough spot just as tax season looms.

The move to launch Employer.com with the Bench acquisition appears rushed, perhaps signaling an attempt to capitalize on the shutdown's media buzz. However, integrating Bench’s services into a payroll-focused brand could either create a valuable all-in-one HR and bookkeeping platform or overextend Recruiter.com’s capabilities.

Best Alternative to Bench Accounting

When searching for a new bookkeeping partner, ensure they align with your business’s needs and offer the support required to navigate tax season and beyond. Platforms like Sam’s List make it easy to find reliableBench accounting alternativesquickly and effectively.

Why Choose Sam’s List?

Sam’s List matches businesses with experienced bookkeepers and accountants who understand your specific industry and stage of business.

How It Works

Filter through recommendations, avoid flashy discounts, and find a vetted professional familiar with your unique situation. Finding the right bookkeeper takes less than 60 seconds, and connecting with them is just one click away.

Get Started

Visit Sam’s Listfor a tailored solution to your bookkeeping needs. It's the bestBench accounting alternativefor businesses needing personalized support.