Bench Accounting, once a leader in small business bookkeeping, surprised customers with asudden shutdownon December 27, 2024. Days later, the Vancouver-based company announced its acquisition byEmployer.com, a payroll and HR tech company. This announcement raises more questions than answers about the future of Bench’s operations, its customers, and the strength of this sudden acquisition.
What Happened to Bench?
- December 27, 2024:Bench announced its immediate closure, leaving 12,000 businesses scrambling to retrieve financial records before the March 7, 2025 deadline. Bench recommended customers explore platforms likeKickfor bookkeeping needs.
- December 30, 2024:Bench’s homepage banner revealed its acquisition by Employer.com, promising more information about service continuity.
What Does This Acquisition Mean for Bench Customers?
Transition Options
- Bench customers can continue with Employer.com’s integrated payroll and bookkeeping services or explore other options.
Data Access
- Employer.com has committed to maintaining data access until March 7, 2025.
Continuity Concerns
- Employer.com, primarily focused on payroll, faces challenges integrating bookkeeping services effectively.
Alternatives to Bench Accounting
Cofounded bySam Parr,Joe Speiser, andKimi Green, Sam's List is for businesses seeking a smooth transition with a trusted and proactive bookkeeper.
Why Sam’s List?
- Matches you with bookkeepers tailored to your industry.
- Avoid flashy discounts or misaligned recommendations.
- Discover and connect with your ideal bookkeeper in under 60 seconds.
The Employer.com acquisition offers a potential path forward for Bench customers, but uncertainties remain. Whether you choose to transition orfind a new provider, acting quickly will help ensure your bookkeeping needs are met as tax season approaches.
VisitSam’s Listto get started!
