Key Takeaways
- Synder is a powerful accounting platform specifically built for online businesses with high volumes of transactions and accounting pros serving them.
- With multiple platform integrations and comprehensive features, Synder streamlines the most tedious aspects of online sales accounting by eliminating manual data entry, reducing errors, and saving time.
- Synder offers seamless synchronization with major accounting systems, unlimited historical data import, effortless multi-channel reconciliation, and streamlined international transaction management, guaranteeing accurate tax filing.
- Synder’s rapid growth and excellent customer reviews highlight the quality of its software and service.
- The future of Synder is shaped by its commitment to constantly add new features, remain adaptable, and collaborate with more e-commerce platforms.
Synder, founded by Ilya Kisel and Michael Astreiko in 2016, aims to transform the e-commerce landscape with its accounting software – a simplified, integrated, and efficient solution for online businesses of various sizes. Having its headquarters in San Francisco, Synder is designed to ease the bookkeeping workflows of high-volume multi-source e-commerce and SaaS businesses as well as accounting professionals serving them. In 2023, Synder processed over 4 billion dollars worth of transactions and provided support to more than 5,000 businesses.
How does Synder work? The tool acts as a bridge between different sales and payment platforms a business has in use and their accounting software (QuickBooks Online/Desktop and Xero), ensuring their books are accurate, up-to-date, and tax-season-ready. Once a user connects all the platforms to Synder, the system starts recording ongoing sales transactions (including international sales) automatically and allows for unlimited historical data import. This way, Synder simplifies the accounts reconciliation process, automates bookkeeping, and aids in detailed reporting including Profit & Loss and balance sheets.
So, what sets Synder apart from other accounting platforms? In addition to providing a one-stop solution for all types of online transactions, its adaptive capability and seamless integration with various sales channels are game-changers. As of 2023, Synder offers 25+ integrations with the most popular platforms such as Shopify, Amazon, Etsy, eBay, Walmart, Stripe, Square, PayPal, GoCardless, etc. at no additional cost. More platforms are added regularly based on customer demand. Its relentless drive to enhance functionalities, as evidenced by its frequent addition of new features like smart customization, revenue recognition, and multi-client management, sets it apart from competitors.
Proving its reliability, by the end of 2023, Synder had garnered more than 1,500 5-star customer reviews on the QuickBooks App Store. It has also been highly rated on well-known rating platforms like G1, Capterra, Trustpilot, and Crozdesk.
With the e-commerce industry poised for continuous exponential growth, tools like Synder become increasingly important to ensure that businesses can keep pace with the barrage of online transactions. Synder’s innovative solution, backed by its ongoing pursuit of excellence, not only positions it as a leader in the present market but also in the future e-commerce landscape. Given the track record, it is certainly worth watching to see how Synder continues to refine its tool and work along with the industry’s needs.
For more information about Synder, you can visit their website at https://synder.com or follow their updates on Twitter, Facebook, and LinkedIn.
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