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Bench Accounting Shutdown Sparks Employer.com Acquisition

Published on December 30, 2024
Cover image of post "Bench Accounting Shutdown Sparks Employer.com Acquisition | Sam's List"
[url=https://www.bench.co/]Bench Accounting[/url], once a leader in small business bookkeeping, surprised customers with a [url=https://samslist.co/blog/bench-accounting-alternative-sams-list?refresh=]sudden shutdown[/url] on December 27, 2024. Days later, the Vancouver-based company announced its acquisition by [url=https://www.employer.com/]Employer.com[/url], 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. [h2]What Happened to Bench?[/h2] [ml][ul][li indent=0 align=left][b]December 27, 2024:[/b] 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 like [url=https://www.kick.co/]Kick [/url]for bookkeeping needs.[/li][li indent=0 align=left][b]December 30, 2024:[/b] Bench’s homepage banner revealed its acquisition by Employer.com, promising more information about service continuity.[/li][/ul][/ml] [h2]What Does This Acquisition Mean for Bench Customers?[/h2] [h4][b]Transition Options[/b][/h4] [ml][ul][li indent=0 align=left]Bench customers can continue with Employer.com’s integrated payroll and bookkeeping services or explore other options.[/li][/ul][/ml][h4][b]Data Access[/b][/h4] [ml][ul][li indent=0 align=left]Employer.com has committed to maintaining data access until March 7, 2025.[/li][/ul][/ml][h4][b]Continuity Concerns[/b][/h4] [ml][ul][li indent=0 align=left]Employer.com, primarily focused on payroll, faces challenges integrating bookkeeping services effectively.[/li][/ul][/ml] [h2]Alternatives to Bench Accounting[/h2] Cofounded by [url=https://x.com/thesamparr]Sam Parr[/url], [url=https://x.com/jspeiser]Joe Speiser[/url], and [url=https://www.linkedin.com/in/kimberly-green-wtx/]Kimi Green[/url], Sam's List is for businesses seeking a smooth transition with a trusted and proactive bookkeeper. [h3]Why Sam’s List?[/h3] [ml][ul][li indent=0 align=left]Matches you with bookkeepers tailored to your industry.[/li][li indent=0 align=left]Avoid flashy discounts or misaligned recommendations.[/li][li indent=0 align=left]Discover and connect with your ideal bookkeeper in under 60 seconds.[/li][/ul][/ml] The Employer.com acquisition offers a potential path forward for Bench customers, but uncertainties remain. Whether you choose to transition or [url=https://samslist.co/]find a new provider[/url], acting quickly will help ensure your bookkeeping needs are met as tax season approaches. [h3] [/h3] Visit [url=https://samslist.co/]Sam’s List[/url] to get started!

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