Puzzle 2.0 - Effortless revenue recognition for Stripe customers

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!

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.

Can this be piped into our Slack HQ?

I just started using Puzzle last month and it's really quite good. I'm moving over from Bench. When I expressed interest in Puzzle, Luke Frye, their CX head, reached out and personally answered questions and helped me onboard. Now, my transactions get categorized instantly and I get to see an always up-to-date Runway Run Rate, which in THIS economy, is quite helpful 😅

@sasha_orloff and team Puzzle 🧩 is such a power boost for founders - especially those of us commercial founders with non-existent accounting expertise 😅 Nothing makes me happier than seeing revenue roll in - but that would quickly disappear when I'd remember the excess tabs of spreadsheets waiting for me to close books at the end of the month 🤯 The ability to understand my metrics and real-time financial health at a glance - as well as share that with investors, auditors, or our team internally - is quite literally a game-changer. 🚀 Founders, this ones for us!!!

Great job on the launch @hungryhelen! Does Puzzle also integrate with other payment platforms apart from Stripe? What type of reports and data analysis does Puzzle have? Keep up the great work and congratulations to the entire Puzzle team.

Profitwell be scared! 😅 Glad to see more vendors in the space, revenue reporting for SaaS companies is still so much hassle.

This is amazing -- congrats on the launch Sasha and Puzzle team!

Accounting has been a subject of fear for founders during the entire Quickbooks era. As Stripe and Gusto did to payments and payroll, I expect Puzzle to do the same for Accounting.

Congrats @sasha_orloff and team on the launch. We've been using Puzzle for a few months and love all the key founder friendly features. It highlights all the metrics startups need upfront and trims out all the painful admin with bookkeeping. Some favorites are the powerful auto-categorization of expenses, the simple email summary of money-in and money-out is extremely helpful, MRR/ARR views, and the multiple views of burn. The burn feature is super valuable for founders and that alone is worth the signup. As background, when I setup the account to test, I DM'd Sasha on Twitter. He replied and setup calls with us and their team to help learn about how we have been using the platform. So not only is it a tool for founders but - Puzzle is practicing what they preach as a startup. 10/10 recommend and I'm hopeful Puzzle can unseat Quickbooks over the next 5 years