Bookkeeping Platform Bench Accounting Broadcasts Shutdown

Canada-based on-line bookkeeping and tax submitting platform Substitute Accounting Suspension of its companies and operations as of Friday (December twenty seventh).

“We remorse to tell you that we’ve got closed Bench companies,” the corporate mentioned in an announcement. Notice of service closure On its web site. “As of December twenty seventh2024, The Bench platform is now not accessible.

Bench’s bookkeeping companies and tax advisory platform has greater than 12,000 small enterprise shoppers, based on a report press release Launched by jury in September.

When asserting its Collection B-1 funding spherical in 2018, the corporate mentioned it aimed to assist Small business House owners and accountants construct and develop their corporations.

In a discover on Friday, Bench mentioned clients will obtain data on learn how to entry their Bench information by Monday (December thirtieth) and recommends that shoppers contact their trendy accounting software program supplier kick For assist of their bookkeeping.

“We all know this information is shocking and probably disruptive to our clients, so we’re dedicated to serving to them navigate the transition,” Bench mentioned within the discover.

The discover included a connection To the Kick webpage describing companies to assist shoppers transfer from Bench to Kick, together with a free Bench migration, every day reside Q&A, and a free bookkeeping evaluate for 2024. Utilizing code “BENCH,” shoppers can get 20% off the Kick Plus plan And free bench migration.

Founding father of Kick Konrad Wadowski Written on Friday mail LinkedIn says Kick is transferring shortly to supply these companies so Bench clients haven’t got to start out from scratch and so Kick can “get your monetary information again in your fingers.”

“You might have simply heard that Bench has abruptly closed its doorways,” Wadowski wrote within the publish. “In case you’re a buyer, I can not think about the frustration you are going by way of. Paying for a service and never getting what you count on, particularly When it comes Your taxes, no joke.

Wadowski wrote in October 17 Blog post That Kick raised $9 million in a seed spherical with participation from OpenAI Startup Fund and General catalyst.

A couple of 12 months after its launch in September 2023, Kick was serving greater than 1,000 companies and had seen 50% month-to-month progress over the earlier three months, he added within the publish.

kick It was constructed For entrepreneurs and the accounting and bookkeeping companies that assist them“Wadowski wrote.

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