When a company or business launches, the owner would likely opt for a good financial software, leveraging innovative fintech solutions. One of the most critical and intricate aspects of running a successful startup or business is maintaining sound financial management, a crucial element that can make or break a company’s success.
Puzzle, the modern accounting replacement for QuickBooks, is the first accounting software specifically tailored for startups, and it has been embraced by leading accounting firms. But what does that mean for founders and their accounting teams?
Startups have a plethora of needs that extend beyond traditional accounting, such as financial statement preparation for taxes, fundraising, investor reporting, real-time key metrics, runway calculations, and more. As startups grow, their demands increase in complexity, with the stakes and problem-solving becoming more challenging.
Five Features That Makes Puzzle The best Accounting Solution for Startups are;
You would get cash and startup metrics in one, real-time platform.
Puzzle boasts a powerful single source of truth, which allows users to access simultaneous cash basis and accrual basis financials, cash reports, and startup metrics in a unified platform. As the developers have spent years fine-tuning the software, there is no need for engineering expertise to harness its potential.
By synchronizing with your existing fintech stack (banks, credit cards, payroll, and payment processor), Puzzle’s system seamlessly drafts financial statements and reconciliations in minutes, eliminating the tedious tasks of choosing between cash or accrual and reconciling metrics across multiple systems.
By streamlining these processes, Puzzle aims to empower the next generation of entrepreneurs, bookkeepers, and accountants to build businesses with confidence. The company recognizes the challenges that new and growing startups face in obtaining a comprehensive view of their financial health, especially for founders who may not have a background in finance. Puzzle strives to address these challenges with a platform that is designed to meet the unique needs of startups.
Puzzle support your accounting & finance teams.
Puzzle’s Certified Public Accountants (CPA) and CPA-turned-engineers are dedicated to developing the tools users need to excel. User feedback, be it negative or positive, is always welcomed and encouraged, as the team prioritizes crafting a platform that empowers clients to focus on high-value work, content stakeholders, and liberation from engineering reliance for those critical “one thing” features that could revolutionize their workflow.
Their CPA-engineers not only bring a wealth of experience in accounting and financial analysis, but they also possess a deep understanding of the unique challenges faced by startups. This dual-domain expertise allows them to create solutions that are not only technically sound but also intuitive and user-friendly, ensuring that users can focus on making data-driven decisions without being bogged down by manual calculations or complex systems integrations.
Precise financial records from inception to IPO.
Puzzle offers the next generation of financial recordkeeping with the first immutable accounting ledger, which securely stores a comprehensive history of financial statements, supporting documents, and every transaction, ensuring that users are always prepared for audits, tax filings, and fundraising endeavors. Unlike legacy solutions that often provide only summary reports, Puzzle provides a full view of a company’s financial status in one place, empowering users with real-time transparency and accountability.
Unlike traditional accounting systems, Puzzle’s immutable ledger ensures that data cannot be altered retroactively, making it highly secure and reliable. This creates an indisputable record of financial activity and a level of transparency that is unmatched by conventional solutions. With Puzzle, companies can enjoy peace of mind knowing that their financial data is accurate, secure, and readily available whenever it is needed.
Collaboration
Puzzle’s innovative tagging system revolutionizes communication between users, enabling collaboration similar to popular cloud-based tools such as Slack or Notion. By simply tagging another user, you can request a category review, upload receipts or invoices, and more, all without the need for time-consuming email chains or meetings. This intuitive feature fosters transparency, streamlines communication, and empowers teams to collaboratively manage their financial data with ease.
Puzzle was designed with the invaluable partnership between founders, fractional CFOs, and finance teams in mind.
Puzzle not only supports but enhances this relationship, allowing for real-time sharing of data, tagging, notes, and continuous living history of the business, all within the platform. Unlike legacy solutions that often result in costly, time-consuming back-and-forths via email, text, or phone, Puzzle offers a comprehensive, efficient, and collaborative space for financial management. This unique approach to financial recordkeeping and communication is a powerful tool for modern, innovative businesses seeking to maximize efficiency and transparency.
Puzzle get smarter with every transaction
Puzzle’s cutting-edge software is the ultimate hands-off solution, automatically drafting financial statements, bank reconciliations, receivables, startup metrics, variance reports, and financial reports, all of which are ready for review and approval. With every transaction, every reconciliation, and every closed period, Puzzle’s autonomous accounting system becomes increasingly intelligent, automating more and more tasks, allowing users to focus their attention on critical exceptions rather than repetitive tasks that can consume valuable time and resources.
Puzzle’s software offers unparalleled transparency, allowing users to trace every transaction, audit log, and financial data with ease via its general ledger explorer. This not only saves valuable time and resources, but it also ensures that users are confident in the accuracy and reliability of their financial data. With Puzzle, you can enjoy the benefits of a comprehensive, autonomous accounting system that empowers you to make informed business decisions with real-time data and insights.
Click here to get started today and take your company’s finance to the next level.
