Bench, an online bookkeeping service for small businesses, has announced the closure of its business operations, leaving thousands of SMBs in a state of panic.
Bench, which had over 35,000 clients and added integrated banking services in 2021, abruptly shut down just before the tax season.
Customers were informed that their records would be available for retrieval on a designated portal for 10 weeks.
With Bench's sudden closure, SMBs are now faced with the challenge of finding new bookkeeping services and ensuring the security and access to their financial records.