From www.accountingweb.co.uk: The abrupt shutdown of online bookkeeping service Bench has raised concerns about data access and the risks associated with venture capital-backed accounting services.

Following its closure, Bench was acquired by Employer.com, which plans to revive the platform and allow customers to access their financial data.

This incident highlights issues related to over-reliance on technology, particularly artificial intelligence, for financial categorization without human oversight.