Bench shut down in December 2024, leaving thousands of businesses without bookkeeping. LedgerBin offers a self-service AI alternative for bookkeepers and firms.
Bench was a popular online bookkeeping service that paired businesses with human bookkeepers. In December 2024, Bench abruptly shut down, leaving customers scrambling to export their data and find alternatives. Employer.com acquired the brand, but the original service is gone.
If you were a Bench customer or a bookkeeper whose clients used Bench, you need a tool that handles the same core task: taking bank transactions and categorizing them to a Chart of Accounts. That's exactly what LedgerBin does — but with AI instead of a human service, at a fraction of the cost.
| Feature | LedgerBin | Bench |
|---|---|---|
| Transaction Categorization | AI-powered, learns from corrections | Human bookkeepers (service shut down) |
| Bank Statement Import | Any CSV, auto-detect columns | Direct bank connections (discontinued) |
| Chart of Accounts | Your custom COA per client | Standardized COA |
| QuickBooks Export | CSV and IIF export | Direct QBO sync (discontinued) |
| Xero Export | CSV export, Xero-compatible | Not supported |
| Learning/Improvement | AI learns from every correction | Dependent on assigned bookkeeper |
| Multi-Client Support | Up to unlimited clients (Agency plan) | One business per subscription |
| Turnaround Time | Minutes (AI + review) | Days to weeks |
| Status | Active, accepting new users | Shut down December 2024 |
| Plan | Price | Details |
|---|---|---|
| Bench was | $299-499/mo | Per business, full-service bookkeeping |
| LedgerBin Starter | $29/mo | 5 clients, unlimited transactions |
| LedgerBin Professional | $69/mo | 25 clients, priority support |
| LedgerBin Agency | $129/mo | Unlimited clients, API access |
Bench was full-service: you handed over bank access and a bookkeeper did everything. LedgerBin is a tool for bookkeepers — you upload CSVs, the AI categorizes, you review and export. You stay in control.
Bench served individual businesses directly. LedgerBin is built for bookkeeping firms managing multiple clients. Multi-client support, per-client Chart of Accounts, and bulk processing are core features.
With Bench, when your assigned bookkeeper left, the replacement started from scratch. LedgerBin's AI retains every correction permanently. Your categorization accuracy only goes up over time, regardless of team changes.
Bench charged $299-499/month per business for full-service bookkeeping. LedgerBin starts at $29/month for up to 5 clients. Even the unlimited Agency plan at $129/month is less than Bench's lowest tier — and covers unlimited clients.
Try LedgerBin free — 1 client, 100 transactions, 14 days. No credit card required.