On Dec 27th, Bench.co, a leading outsourced bookkeeping service with more than 10,000 customers across the US, filed for insolvency and shut down its operations without notice.
To the Bench customers affected by this sudden closure, we’re deeply disappointed this happened to you. We understand the resilience and dedication it takes to run a small business, as well as the challenge of finding trusted partners. With the 2024 tax season fast approaching, your feelings of hurt, betrayal, and anxiety are completely justified.
The closure of Bench.co is not isolated, but part of a larger transformation currently happening in the accounting industry. More than 75% of accounting professionals in the US will hit retirement age this decade, while a declining number of new accountants will enter the workforce. Business owners are asking more of their bookkeepers (as they should!), with real-time bookkeeping becoming a standard for powering better decision-making. We believe these pressures are shaping the future of SMB accounting: Automate the tedium of bookkeeping with AI so humans can focus on serving you and your business.
Uplinq’s mission is to lead this technological revolution in SMB accounting and provide the best possible bookkeeping and accounting experience to its customers. Our founding team is obsessed with this mission - most of us have directly experienced the pain and disappointment that comes with the shortcomings of the legacy accounting industry.
The events of today are another reminder of the how important our mission is, and the consequences our failure can have on hardworking business owners. As the industry continues to evolve, Uplinq stands ready to support businesses of all sizes with cutting-edge bookkeeping and accounting solutions to support SMB owners on their journeys.
If your business is struggling with its bookkeeping or accounting, Uplinq is here to help.
