Cash, net burn, runway, ARR, and MRR are calculate daily and visible on the Puzzle dashboard immediately after onboarding
Puzzle publishes updated financial statements daily, so founders have current information as they make operational decisions
Directly connect and manage ultra-high transaction volumes. Drill down for precision accuracy
Automatically create and manage accrual tasks in-app, like fixed asset depreciation schedules
Puzzle onboarding takes 9 minutes, and our team makes data migration from QBO painless
Business leaders need data about their cash to manage operations. Investors understand company health through the lens of accrual accounting. Puzzle gives you both
Native integrations with a modern fintech stack enable powerful automations and daily financial statement drafts so founders can make informed business decisions
Puzzle is modern accounting software purpose-built for venture-backed companies. Financial statements drafted daily surface relevant information like cash, burn, runway, and ARR/MRR that enable actionable business insights. The platform is easy to use for financial professionals, and intuitive for business leaders. It guides users to the financial data that matters most and automates routine tasks so businesses have better visibility and control over their finances and operations.
Quickbooks was built as a generic accounting tool that spans a large set of use cases. Accordingly, it is not purpose-built for venture-backed startups, it is unintuitive for founders and frustrating for many accounting professionals, and drafted financial statements and insights are withheld by a bookkeeper. The result is founders/business leaders making important decisions without financial data and spending hours doing tedious tasks.
Puzzle’s direct Stripe integration enables the platform to handle large volumes of transactions. Detailed metadata in concert with a layered rules engine facilitates remarkably accurate categorization and reconciliation automation. The result:
QuickBooks does not natively integrate with Stripe. The result is an elongated data interpretation and transformation process across multiple disparate systems when managing subscriptions, discounts, rebates, and refunds.
Puzzle has native integrations with modern financial solutions that enable reconciliation and categorization automation across accounts:
Puzzle AI reviews transactions and automates busy work with industry-leading accuracy. Focus features like Spotlight, which highlights variance outliers, and the Monthly Checklist, which outlines required bookkeeping activities, direct attention where it is needed most.
QuickBooks integrates with many technologies. However, it does not automatically upload transactions to the general ledger, so draft financial documents are not created. The result is business leaders making important operations decisions with outdated financial information. The difference in financial data from week-to-week is often material for growing companies, so stale data frequently leads to suboptimal conclusions. Puzzle has native integrations with modern financial solutions that enable reconciliation and categorization automation across accounts.
Puzzle automatically categorizes 98% of transactions in draft. 98%. By combining our native integration with OpenAI and our proprietary rules engine hierarchy, Puzzle is able to achieve industry-leading categorization, automating away hours of tedious work per month for founders a bookkeepers
Three reasons why Puzzle categorization is more powerful than QuickBooks:
QuickBooks only uses a rules engine to automatically categorize transactions, and their resistance to natively integrate with key fintech players inhibits their ability to categorize as effectively as Puzzle.
The do not currently offer AI suggestions that dynamically update as Puzzle does with the evolution of newer GPTs. Users also must confirm every auto-categorization before they are published to the general ledger, where Puzzle’s confidence interval allows for immediate publication. The result: compounding manual work and stale financial statements
QuickBooks does not handle automated accrual accounting natively in the app, so users must create depreciation and amortization schedules manually in excel, then import those potentially error-laden worksheets into QuickBooks. The alternative is to piecemeal a miniature, expensive accounting technology stack together by purchasing an additional app plugin. Simply put, you’ll find more to manage, and more that can go wrong.
The Puzzle Dashboard provides founders with operational insights out-of-the-box. Immediately after integrating financial accounts, key metrics like cash, net burn, runway, and ARR/MRR are ready to use. Drafted financial statements provide Puzzle users with data every day of the month, so you can make confident decisions using the information that’s available and an awareness of the data that is still outstanding.
QuickBooks users do not have access to the same metrics updated daily. They need to use the output of QuickBooks to calculate net burn and runway outside of the application. And information isn’t always readily available. Bookkeepers are frequently the bottleneck as they are required to review and confirm transactions before they are posted to the general ledger. QuickBooks… more like SlowBooks.
Small companies use cash books to ensure they are on top of their most vital resource. Growing companies need accrual books to attract investors and conduct board meetings. Puzzle enables companies to simultaneously view their books in both formats, increasing financial visibility across perspectives.
QuickBooks does not natively support accrual automation, so maintaining cash and accrual books simultaneously is a manual task. When done by founders they lose valuable time, and when done by bookkeepers the process costs more in fees for book closing and custom reports.
It only takes 9 minutes to onboard on Puzzle. With 12 clicks, you will link your financial accounts and immediately enjoy real-time financial data, the Puzzle business metrics dashboard, and automated accounting processes forevermore!
If you are switching from Quickbooks to Puzzle, our team will take care of the manual work. We just need you to connect your financial accounts and review the historical data transfer upon completion. For more details, take a look here.
With QuickBooks… you might be noticing a trend: more manual input, nuanced configuration, and manual rule creation yields minimal business insights out-of-the-box.
Newly founded companies choose Puzzle over Quickbooks because it makes accounting easy.
QuickBooks…
Venture-backed startups choose Puzzle over QuickBooks as they grow their businesses.
Puzzle…
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The best accounting firms choose Puzzle over QuickBooks because...
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First-time founders choose Puzzle over QuickBooks because…
Serial-founders choose Puzzle because…