Shockwaves in Vancouver as Bench Accounting Closes Its Doors Overnight!

In an unexpected turn of events, Bench Accounting, the Vancouver-based bookkeeping service hailed as North America’s largest for small businesses, has abruptly ceased operations, potentially leaving hundreds of employees in the lurch.

According to a startling notice posted on their website last Friday, the platform has become “no longer accessible,” leaving customers and staff scrambling for answers. The company acknowledges that the sudden shutdown may cause significant disruption, and has pledged to assist customers in navigating this unexpected transition.

Founded in 2012 in the U.S. under the name 10sheet Inc., Bench relocated to Vancouver in 2013 and rebranded itself. Over the years, it experienced rapid growth, reportedly employing over 600 staff members and securing a substantial investment of $113 million to scale its services.

As news of Bench's closure breaks, many are left questioning the impact on the small business community that relied on its services. The bookkeeping industry has been facing increasing challenges, and this development raises alarms about the stability of similar firms.

Despite attempts to reach Bench’s Vancouver office, calls were met with silence, sending a wave of concern among employees and clients alike. What could this mean for the future of bookkeeping in North America? Stay tuned for updates as the situation unfolds—this is a developing story that could have far-reaching effects!