Are you tired of manually entering sales data into your accounting software?
It’s a huge time drain. Imagine spending hours each week reconciling transactions, leaving little time to grow your business.
What if there was a way to automate this entire process?
In this post, we’ll explore Synder accounting software and how it can streamline your finances, freeing you up to focus on what matters most.
Synder automates your accounting, syncing sales data seamlessly to QuickBooks, Xero, and more. Businesses using Synder report saving an average of 10+ hours per week.
What is Synder?
Synder is a platform that helps you automate accounting.
It’s like a bridge between your online sales and your bookkeeping.
Think of it this way: You sell something on Shopify. Synder automatically imports your sales information into QuickBooks Online (or other accounting software).
No more manual entry! It helps you synchronize your online sales data.
This makes tax time much more manageable. Synder can even connect to other platforms like Sage Intacct and lets you create reports.
It’s designed to be user-friendly, even if you’re not an accounting expert.
It can automatically categorize transactions, saving you time and effort.
Synder helps you connect all the pieces of your online business so you can automate accounting and focus on growth, not data entry.
Depending on your usage, there might be a small fee, but they offer various plans.
They use cookies to make the platform work smoothly and might ask for your email to keep you updated. It makes bookkeeping way less of a headache.
Who Created Synder?
Michael Astreiko and Ilya Kisel created Synder.
They saw how hard it was for ecommerce businesses to keep track of their finances.
Many users struggled with manual data entry and messy bookkeeping.
So, they decided to provide a solution.
Their vision was to build a tool that automatically syncs sales data, making accounting more manageable for everyone.
They wanted to help businesses, especially those dealing with inventory, save time and get a clearer picture of their finances.
Synder aims to simplify financial management for online sellers.
Top Benefits of Synder
- Automated Data Entry: Synder automatically pulls sales data from various sales platforms (like Stripe) and inputs it into your accounting software. This eliminates manual entry, saving you hours of work.
- Simplified Reconciliation: Reconciliation becomes much more manageable as Synder matches transactions, reducing the chance of errors and making your accountant happy. No more hunting for missing numbers!
- Reduced Errors: Manual data entry is prone to errors. Synder’s automated operation minimizes the risk of duplicate entries and other mistakes, keeping your financial data clean.
- Improved Cash Flow: Synder helps you better manage your cash flow by clearly showing your finances. You’ll know exactly where your money is coming from and going to.
- Time Savings: Synder eliminates the time spent on manual data entry and reconciliation, freeing you to focus on growing your business.
- Multi-Channel Support: Synder supports multiple sales channels, so you can connect all your platforms and have a unified view of your sales.
- Detailed Reporting: Get relevant reports on your sales, refunds, and other key financial data. This helps you make informed business decisions.
- Accountant Collaboration: Synder makes it easy for you to collaborate with your accountant. You can grant them access to your Synder account with your consent.
- Enhanced Functionality: Synder’s functionality extends beyond syncing sales data. It also helps with inventory management and other essential business aspects.
- No More Duplicate Entries: Synder’s innovative system prevents duplicate entries, ensuring the accuracy of your financial records. It works seamlessly on a desktop or other device.
Best Features of Synder
Synder isn’t just about automating data entry; it offers powerful features to give you complete control over your financial operations.
Let’s explore some of the best features that make Synder a game-changer for businesses of all sizes, serving a broad sphere of clients.
1. Synder RevRec
Synder RevRec helps you automate revenue recognition.
This is crucial for accurate financial reporting, mainly for SaaS businesses or those with subscription models.
It ensures that revenue is recognized at the correct time, complies with accounting standards, and gives you an accurate picture of your financial performance.
This feature simplifies a complex process, freeing up time and reducing the risk of errors.
2. Synder Sync
Synder Sync is the core of the platform.
It automatically synchronizes sales data from all your sales channels (e.g., Shopify, Stripe, Amazon) to your accounting software (e.g., QuickBooks Online, Xero).
This eliminates manual data entry, reduces errors, and ensures your financial data is always up-to-date.
You can set it up once and let it run in the background, knowing your numbers are accurate.
3. Synder Insights
Synder Insights provides you with valuable financial reports and analytics.
Gain a deeper understanding of your sales trends, customer behavior, and overall financial health.
These insights empower you to make data-driven decisions and optimize your business strategy.
It gives you a clear overview of your business’s financial performance.
4. Technology & SaaS
Synder is built using cutting-edge technology and offered as a SaaS (Software as a Service) solution.
This means you can access it from anywhere with an internet connection.
It’s constantly updated with new features and improvements, ensuring you always have the latest tools.
The cloud-based setting also ensures your data is secure and backed up.
5. Accounting Firms
Synder is a valuable tool for accounting firms serving ecommerce clients.
It streamlines the bookkeeping process, making it easier for accountants to manage their clients’ finances.
This allows accounting firms to provide more efficient and accurate services, strengthening client relationships.
Pricing
| Plan | Price (monthly) | Key Features |
|---|---|---|
| Basic | $52 | Basic sync tools included |
| Essential | $92 | Ideal for expanding business |
| Pro | $220 | Perfect fit for thriving multi-channel business |
| Premium | Custom | Advance features for complex needs |
Pros and Cons
Pros
Cons
Alternatives of Synder
While Synder is a powerful tool, exploring other options is always good. Here are a few Synder alternatives you might consider:
- Xero: Xero is cloud-based accounting software that offers many features, including bank reconciliation and invoicing. It also has built-in sales tax calculation tools. If you’re looking for an all-in-one solution, it might be suitable.
- QuickBooks Online: Similar to Xero, QuickBooks Online is a popular cloud-based accounting platform with robust features. It also integrates with various third-party apps, potentially offering similar functionality to Synder.
- Zoho: Books is another cloud accounting solution for small and medium-sized businesses. It offers features such as invoicing, expense tracking, and inventory management.
- FreshBooks: FreshBooks focuses on invoicing and expense tracking, making it a good choice for freelancers and service-based businesses. While it might not have the same level of automation as Synder, it’s a simpler and more affordable option for some.
- A2X: specializes in e-commerce accounting, particularly for businesses selling on platforms like Amazon and Shopify. Like Synder, it automates the reconciliation of sales data but with a more specific focus.
Researching and comparing pricing and features is always a good idea before deciding.
Personal Experience with Synder
Our team recently integrated Synder into our workflow, and the results have been impressive.
We were struggling with the time-consuming task of manually transferring sales data from our Shopify store to QuickBooks Online.
It was a tedious process, prone to errors, and took valuable time away from other essential tasks. Synder proved to be the perfect solution.
Here’s how Synder helped us:
- Automated Data Sync: Synder synchronized our Shopify sales data with QuickBooks Online, eliminating hours of manual entry each week.
- Reduced Errors: The automated process drastically reduced the number of errors in our financial records, making our reconciliation process significantly smoother.
- Improved Accuracy: With accurate data in QuickBooks, we gained a clearer picture of our financial performance. This allowed us to make better business decisions.
- Time Savings: Synder freed up our team to focus on other critical tasks, like marketing and customer service. The time saved was substantial.
- Streamlined Reconciliation: Reconciling our accounts became much more manageable. Synder’s ability to match transactions automatically saved us much time and effort.
- Enhanced Reporting: Accurate data in QuickBooks allowed us to generate more meaningful reports, which gave us valuable insights into our sales trends and profitability.
Overall, Synder has been a game-changer for our team.
It has streamlined our accounting processes, improved the accuracy of our financial data, and saved us a significant amount of time.
We highly recommend it to businesses looking to automate their accounting and improve their financial management.
Final Thoughts
Synder offers a powerful solution for businesses struggling with manual accounting processes.
Its ability to automate data entry, streamline reconciliation, and provide valuable financial insights makes it a worthwhile investment for many.
If you’re tired of spending hours reconciling transactions and dealing with duplicate entries.
If you struggle to get a clear picture of your finances, Synder is worth considering.
While there are alternative solutions, Synder’s ease of use, robust integrations, and focus on ecommerce businesses make it a top contender.
Ready to simplify your finances and reclaim your time?
Visit the Synder website today to explore pricing plans and start your free trial.
See how Synder can transform your accounting and help your business thrive.
Frequently Asked Questions
What accounting software does Synder integrate with?
Synder primarily integrates with QuickBooks Online, Xero, and Sage Intacct. It also connects with various payment gateways and e-commerce platforms, allowing seamless data synchronization. Check the company’s website for the most up-to-date list of integrations.
How secure is my financial data with Synder?
Synder is committed to protecting your financial data and employs industry-standard security measures, such as encryption and other safeguards.
Is there a free trial available for Synder?
Yes, Synder typically offers a free trial to test the platform before committing to a paid plan. This allows you to experience the benefits firsthand and see if it meets your needs. Visit their website to sign up.
What kind of support does Synder offer?
Synder offers customer support through various channels, including email and live chat. Its aim is to provide prompt and helpful assistance to its users. The support team can help with setup, troubleshooting, and any other questions.
Does Synder handle sales tax calculations?
While Synder doesn’t directly calculate sales tax, it integrates with accounting platforms that often have this functionality. Syncing your sales data helps ensure your tax calculations are accurate within your chosen accounting software.
