Bench Shuts Down - Next Steps and Bookkeeping Alternatives to Bench

The recent news of Bench's abrupt closure has undoubtedly shaken the small business community. News of the closure comes 4 days before the end of the year, and right before tax season begins. As a fellow entrepreneur and a dedicated bookkeeper, I understand the frustration and uncertainty this may be causing.

Bench's closure serves as a crucial reminder that:

• Price is Not the Only Factor: While cost-effectiveness is important, prioritizing the quality and expertise of your bookkeeping is essential for long-term success.
• Automation Has Limitations: Technology can streamline tasks, but it cannot replace the human touch and strategic insights that a skilled bookkeeper provides.
• You Deserve a Trusted Advisor: Your bookkeeper should be more than just a data entry clerk. They should be a partner who understands your business goals and provides valuable financial guidance.

If you were a Bench client:

• Download Your Bench Data Immediately: Don't delay! Download all your financial data from the Bench website before the deadline of Friday, March 7th at 5:00 PM ET. This includes all transactions, invoices, reports, and any other relevant information.

Finding the Right Bookkeeping Solution:

If you're a former Bench client seeking a new bookkeeping partner, consider these key factors when looking for a new bookkeeper:

• Expertise: Choose a bookkeeper with a proven track record in your industry and a deep understanding of accounting principles.
• Communication: Look for someone who is responsive, proactive, and communicates clearly and concisely.
• Technology: Select a bookkeeper who utilizes modern accounting software and can leverage technology to streamline processes and provide valuable insights.
• Personalized Service: Find a bookkeeper who takes the time to understand your unique business needs and provides customized solutions.

How ALOE Can Help:

I help service providers and creative entrepreneurs by offering a range of services, including:

• Data Migration & Cleanup: Seamlessly transition your data from Bench to a platform like Xero (preferred accounting software) or QuickBooks Online.
• Software Setup & Training: Guide you through the setup and use of accounting software to ensure you have the tools you need to succeed.
• Done-for-you Monthly Bookkeeping: Categorize all transactions and provide you with clear and concise financial statements, key performance indicators (KPIs), and actionable insights to drive informed business decisions.
• Business Consulting: Offer expert advice on various financial matters, including cash flow management, budgeting, and financial forecasting.

Schedule a Free Consultation:

I understand that this transition can be stressful. I offer a free consultation to discuss your specific needs and answer any questions you may have. Complete this bookkeeping inquiry form to get started. Once you complete the form, you'll receive my calendar link to book a Zoom call with me!