bench accounting

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Dramatic Revival: Bench Accounting's Near-Collapse and Swift Comeback

Discover the astonishing tale of Bench, a VC-backed accounting startup, that teetered on the edge of collapse, causing pandemonium for users over the holidays. With investors like Bain Capital Ventures involved and potential ties to Shopify, see how this company made a stunning last-minute revival, though questions on the impact and future persist.

Jan 5

Dramatic Revival: Bench Accounting's Near-Collapse and Swift Comeback

Employer.com Snags Bench Accounting After Abrupt Closure!

In a surprising turn of events, workforce management giant Employer.com has acquired Canadian startup Bench Accounting following its sudden closure. The deal aims to integrate Bench's accounting features into Employer.com's platform, enhancing its offerings for small businesses. Though Bench's closure left customers in shock, this acquisition promises continuity and potential synergies. Read on to discover what this means for Bench's users and the SaaS accounting landscape.

Jan 2

Employer.com Snags Bench Accounting After Abrupt Closure!

Bench Accounting Shuts Down Abruptly: A Shockwave in Fintech

Vancouver-based Bench Accounting has closed its doors unexpectedly, impacting over 600 employees and many small business clients. With a venture capital shake-up cited as a core reason, former CEO Ian Crosby claims strategic misalignment post his ouster was detrimental to the company.

Dec 31

Bench Accounting Shuts Down Abruptly: A Shockwave in Fintech

The Weekend Buzz: Accounting's Wild Ride from PE Shake-ups to AI Holiday Debates

This week in accounting: private equity's growing influence raises eyebrows, Bench Accounting's sudden shutdown leaves many in shock, and Coca-Cola's AI-generated holiday ad stirs controversy. Plus, tech versus accounting salary debates and holiday-themed tax musings bring plenty to discuss.

Dec 28

The Weekend Buzz: Accounting's Wild Ride from PE Shake-ups to AI Holiday Debates

Shock as Vancouver's Bench Accounting Closes Doors, Leaving 11,000 Small Businesses Adrift

Bench Accounting, a prominent Vancouver-based bookkeeping service, has abruptly closed, affecting about 11,000 small businesses. Without citing specific reasons beyond calling it a 'difficult decision,' this move has left clients scrambling for alternatives and sparked discussions about venture capital's role in company strategies. Founded in 2012 and having raised over $100 million, the firm's sudden shutdown raises questions about the stability of Canadian fintech companies amid economic downturns.

Dec 28

Shock as Vancouver's Bench Accounting Closes Doors, Leaving 11,000 Small Businesses Adrift

Bench Accounting's Sudden Shutdown Leaves 600+ Employees in the Lurch

Vancouver-based Bench Accounting announced an abrupt closure, potentially impacting over 600 employees and leaving 35,000 U.S. customers scrambling for financial data access. Ex-CEO Ian Crosby blames venture capitalists for the shutdown, after the company received US$113 million in funding. Former clients are advised to file tax extensions and retrieve data by March 7, 2025.

Dec 28

Bench Accounting's Sudden Shutdown Leaves 600+ Employees in the Lurch