Effortless revenue recognition for Stripe customers
Puzzle is a modern accounting solution for today's startups, now with effortless revenue recognition. Connect Stripe with a simple OAuth and Puzzle auto-generates your cash revenue and accrual schedules along with key metrics like ARR/MRR, and more.
Hey wonderful PH community 👋
Sasha here from Puzzle 🧩. Thanks @chrismessina for the hunt!
It’s 2023 - so why is everybody STILL doing revenue recognition manually?! WTH?!?! 🤯
After I scaled my last startup to $100M of ARR, I did not understand why we were still entering our revenue accounting manually. Here is what I found:
⛔ There was literally no accounting software with built-in revenue recognition.
⛔ There was no accounting software built native to Stripe.
⛔ Revenue accounting was done manually in Excel, which means… error-prone.
This was unacceptable! Even worse, it should be solvable with software. So we challenged ourselves to make startup revenue accounting simply effortless:
✅ Automate revenue recognition with a simple OAuth.
✅ Make it real-time, but verifiably accurate.
✅ See cash, and accrual, and ARR all together.
I'm so excited to share what we've come up with:
🔥 The first-ever core accounting software directly integrated with Stripe that recognizes revenue automatically. All you have to do is connect your Stripe account.
This means if your revenue comes via a subscription, prepaid contracts, or high-volume transactions, you connect your Stripe (payments) to Puzzle (accounting) and get:
- Validated cash revenue (when cash hits your bank)
- Automated accrual revenue (when you deliver the product/service)
- Real-time MRR, ARR, Net Churn, and Net Retention calculations
- View revenue by customer, product, or account
- Auto-reconciled for the highest accuracy
In our beta test, founders and accountants told us this saves them hours every month, and just felt “magical”. We are looking for additional feedback on how we can make it better.
Just a few heads up:
- The automation does not work for usage-based revenue or asset-based revenue.
- You can create and generate revenue schedules manually. Stripe just makes automation and cash reconciliation so easy.
