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Bench accounting services shutting down

bench.co

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Re: Bench accounting services shutting down

#371

Post by LightBug1 »

Banditoz wrote: post #349
LightBug1 wrote: post #333

Earlier quoted context omitted.

I'll re-sign up to that shithole when hell freezes over. You're welcome.

Nitter also offers better UX for those who just want to read a Twitter thread and not interact with it. It's been like that even before the Musk acquisition.

Thanks, does nitter still work? Thought it was running into trouble so used xcancel with ok results.

However, I've found that 'the only winning move has been not to play'. Anytime I venture back it's like my psyche entering the matrix and always coming off worse.

I repeat, it really is a ... anyway.

Re: Bench accounting services shutting down

#372

Post by acaloiar »

yolo2122 wrote: post #196
conradwa wrote: post #166

Earlier quoted context omitted.

Kick is not affiliated with Bench in any way. We've onboarded a significant number of customers from Bench onto Kick before this happened, so this may have been why were were mentioned. We're working fast right now to try to provide resources and help Bench users migrate and will be sharing updates here: https://x.co/kickfinance

Thanks Conrad however in the interest of clarity + transparency can you add some insight/details into how/why this statement came about in both the shut down email customers got today + what is currently posted on the Bench.co page? "For continued support with your bookkeeping, we recommend exploring Kick, a modern accounting software, which has created an exclusive offer to handle your ongoing needs: kick.co/bench."…

For what it's worth Google's index suggests kick.co/bench was indexed/last updated: Oct 16, 2024.

Re: Bench accounting services shutting down

#373

Post by smathur3312 »

chrismaeda wrote: post #362

It seems to me that this is the key takeaway for founders: Your accounting stack is 1. accounting software 2. bookkeeping (ie operating the accounting software) 3. cpa / cfo (ie for tax and financial planning) The benefit and problem with "nextgen" solutions like bench, kick, etc is that they provide a proprietary solution for the entire stack. This could be better/faster/cheaper but also comes with risk, as we are s…

Look into Paro.ai. They are a marketplace with good and reliable bookkeeper, accountants, CFOs. My AI startup got a CFO from them 3 years ago and the relationship is still going strong. They haven't hiked up my rates over 3 years. CPA firms increase rates every year, or dump you if you don't make enough money for them

Re: Bench accounting services shutting down

#374

Post by iwcrosby »

mcenedella wrote: post #331
iwcrosby wrote: post #231

Earlier quoted context omitted.

Ian Crosby here. If you don't believe me, believe the CEO of Shopify who was an investor and partner: https://x.com/tobi/status/1872753436116332994

Ian, I emailed you a couple years ago when I felt Bench had become worse and worse for customers. I was sad to discover that you’d left and I felt the difference was definitely attributable to your departure. I switched providers shortly thereafter. So, speaking as a former customer, the tragedy and timeline you mention pass the sniff test for me. So glad your next venture has been going well for you!

Thanks Marc. Wishing you the best in your ventures too!

Re: Bench accounting services shutting down

#375

Post by [deleted] »

IAmGraydon wrote: post #268
iwcrosby wrote: post #231

Earlier quoted context omitted.

Ian Crosby here. If you don't believe me, believe the CEO of Shopify who was an investor and partner: https://x.com/tobi/status/1872753436116332994

Hi Ian. Sorry to see this happen to the company you founded. Can you say what the board's strategy was that conflicted with your vision?

[deleted]

Re: Bench accounting services shutting down

#376

Post by galenking »

solidgiant wrote: post #150
porter wrote: post #45

Bench just forced me to switch to an annual contract a few days ago too. What a bunch of crooks.

Me too, and signed with Capchase. What are you looking to do? I'm trying to find someone at capchase, but not finding anyone...

I signed up with Capchase on a 12-month contract, too. Does this mean my contract is with Capchase and I’ll have to pay for the next 12 months even if I don’t get the service? Feels like a great scam. Sign a whole bunch of new customers in 12-month contracts and get paid upfront from Capchase in full and leave us paying off our debt to Capchase. I’m so frustrated.

Re: Bench accounting services shutting down

#377

Post by blackeyeblitzar »

sumeno wrote: post #195
yolo2122 wrote: post #176

Founder/Former CEO Ian Crosby's post about the Bench closure: https://x.com/ianwcrosby/status/1872724231999381790

Is there a version readable for people without twitter accounts?

I used to use a site called Nitter for the same reason, but it stopped working. I think X/Twitter changed something.

Re: Bench accounting services shutting down

#378

Post by jrflowers »

Dylan16807 wrote: post #304
jrflowers wrote: post #294

Earlier quoted context omitted.

Yes it is. If they had written “if you’re posting about hamburgers you need to reevaluate your life” that would be a post expressing their opinion about hamburgers.

No, it would not be. Their opinion about Z and their opinion about people that care too much about Z are different things. Your post above is a failed attempt at a petty gotcha.

> Your post above is a failed attempt at a petty gotcha.

Aside from the poster I was talking to not appearing to agree with you (they immediately made another Elon post), no, it isn’t. If upon seeing the phrase “I don’t like hamburger” I am swept up with an urge to dunk and say “re evaluate your life choices for talking about hamburger” it is very obvious that I’ve taken my time to tell you that I have strong feelings about hamburger and take issue with the position taken, not the subject matter.

Seeing as they then wrote “elon hate is real” moments after my response, it is doubly clear that the issue isn’t mention of the guy but rather any negative mention of the guy.

If I go out of my way to police any negative mention of something, that is a direct expression of how I value that thing.

(The post has since been edited to “obsession with elon is real”, which, yes, it is. Some folks absolutely cannot scroll past that name without it sparking an urge to dunk)

Re: Bench accounting services shutting down

#380

Post by j45 »

BehindBlueEyes wrote: post #258
j45 wrote: post #237

The cloud is someone else's computer, including SaaS and when they suddenly go away. If there's an opportunity to open-source this code so people who can't simply migrate to one option after considering many, self-hosting might be an option at least in the interim.

Their software is designed to enable hundreds of bookkeepers to do the accounting with some interesting automations, self hosting makes little sense. As an individual, if you want to do things yourself, you're better off using gnucash.

Plenty of accounting software that can do multi-tenancy and multi-entity exists that can be self-hosted.

Accounting software is not novel, multi-tenancy and multi-entity is not a novel feature.

There are plenty of accounting platforms that do a lot of this, if not most, and are self hosted or you can run in your own cloud.

Odoo is an easy one that comes to mind, plenty of others.

GNUCash isn't really a business accounting platform.

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