Case Study: Pawp achieves granular QuickBooks reporting and automated revenue recognition with Synder

Pawp saves 40+ hours a month with Synder

Pawp, a provider of 24/7 digital pet health services, faced a significant accounting challenge as its business grew. The company, which uses Stripe and PayPal for subscription payments and QuickBooks Online for accounting, struggled with the manual process of reconciling statements and managing revenue recognition for its annual plans. This was a time-consuming and error-prone task. To solve this, Pawp turned to the vendor Synder and its revenue recognition add-on, Synder RevRec.

The solution implemented by Synder automated the synchronization of all Stripe subscription data, including modifications like refunds and cancellations, into QuickBooks Online. Synder ensured GAAP-compliant revenue recognition by using a straight-line method to recognize revenue monthly for annual subscriptions. This integration provided Pawp with granular, transparent reporting and completely automated their revenue recognition process. The result was a massive saving of time and manpower, allowing the company to reinvest those resources into business growth and better offerings.

Pawp