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.
This is a fabulous and unique tool for founders to make the most of their runway by understanding more about their business's real-time financial health and how that affects their runway. This makes it easier to report back to investors and get hard-data-informed support!
Game changer!
Every once in a while a revolutionary accounting/finance product comes along. Quicken/QBooks early 90’s. Bill.com/Others (circa 2010). Puzzle is the next “must have” product for startups.
Congrats on the launch! Nothing puzzling about what product to try and add to our arsenal next!
Sasha is very passionate about this idea! Puzzle team have done an amazing job on 2.0 version.
Love the look and feel and seems super powerful. Can't wait to try it when we start selling.
Huge congrats on the launch! 🎉
It showcases all the crucial metrics entrepreneurs need, right up front, and wipes out all the mundane bookkeeping tasks.
@sasha_orloff @hungryhelen : Congrats on the launch team, the product looks amazing.
We have set out to make accounting cool and couldn't have asked for a better team to do this with. Incredibly proud of what we have done so far. Go Puzzle!
Loving the entertaining comments and the team's lively banter! And the product seems full of potential. Keep up the good work of helping startups!
