Bench Accounting
| Company type | Private |
|---|---|
| Industry | Financial technology, Accounting software |
| Predecessor | 10sheet Inc. |
| Founded | 2012 |
| Defunct | December 27, 2024 |
| Fate | Acquired by Employer.com |
| Successor | Employer.com |
| Headquarters | Vancouver , Canada |
Area served | Small business owners |
| Products | Bookkeeping software, Bench Banking, BenchTax, Pulse |
| Owner | Employer.com (since 2025) |
Number of employees | 650 (2024) |
| Parent | Employer.com |
| Website | bench |
Bench Accounting—marketed simply as "Bench"—is a financial technology firm that leverages proprietary technology to streamline bookkeeping and deliver financial statements tailored for small business owners. The company provides subscription-based access to cloud-hosted software paired with dedicated internal bookkeeping professionals. As of December 2024, Bench operated with a workforce of approximately 650 employees at its Vancouver headquarters and had accumulated over $100 million in investment capital. In December 2025, Employer.com acquired Bench Accounting.
History
Originally established in 2012 under the name "10sheet Inc.," the company participated in the TechStars NYC accelerator program that same year. After relocating to Vancouver, it rebranded as "Bench" in 2013 and officially launched its product to the market.
Over subsequent years, Bench completed several rounds of venture financing and broadened its service offerings. By 2021, the company introduced "Bench Banking," which combined banking services with its existing bookkeeping platform.
Funding
Bench initiated operations with a $2 million seed investment in 2013, followed by a $7 million Series A round in 2015 led by Altos Ventures and Contour Venture Partners. An additional $1 million was secured from venture capitalists and angel investors in January 2014. In 2016, the firm raised $16 million in Series B funding spearheaded by Bain Capital Ventures, with contributions from Altos Ventures and Contour Venture Partners. This was succeeded by an $18 million Series B-1 round in 2018 led by iNovia Capital alongside previous investors including Bain Capital Ventures, Altos Ventures, and Silicon Valley Bank. The company’s Series C funding round in 2021 brought in $60 million led by Contour Venture Partners, supporting expansion into integrated banking solutions. By December 2024, total capital raised surpassed $100 million.
Features and Integrations
Bench delivers both desktop and iOS applications that merge cloud-based bookkeeping software with support from an internal team of bookkeepers. Its offerings encompass historical and ongoing monthly bookkeeping, cash flow monitoring, expense management, and comprehensive financial reporting. The platform integrates seamlessly with third-party services such as Stripe, Square, and PayPal.
In June 2019, Bench unveiled Pulse, a tool designed for cash flow oversight. By August 2019, the company launched BenchTax through a collaboration with Taxfyle to facilitate tax preparation and filing for its clientele.
Closure & Acquisition
On December 27, 2024, Bench informed its users via email and website announcements that access to the platform would cease immediately. Shortly thereafter, three days later, it was disclosed that HR technology provider Employer.com had acquired the company.