The sudden shutdown of Bench Accounting in December 2024 left 11,000 business owners without access to their financial data, highlighting the risks of venture-backed automated bookkeeping services. Hosts Alicia Katz Pollock and Veronica Wasek discuss how this pivotal moment presents an opportunity for professional bookkeepers to showcase their value through personalized service, deep expertise, and genuine commitment to client success. They explore how independent bookkeepers can differentiate themselves from automated services while maintaining sustainable pricing models and building lasting client relationships.

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Links/Apps Mentioned in this episode:

Year-end Cleanup and Tax Prep: http://royl.ws/yearend
Converting from QBDT to QBO: http://royl.ws/QBDT2QBO
Intro to Bookkeeping and Accounting class on Feb 18: https://royl.ws/intro-to-accounting-for-small-business
QBO’s Banking Center on March 4: http://royl.ws/QuickBooks-Online-Banking
https://5mbAcademy.com
https://5MinuteBookkeeping.com
https://5MBvideo.com
https://mavency.com/

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Redefining Your Value: Lessons from Bench’s Unexpected Closure (Wheel of Rants)