Accounting Automation For Your Shop = Increased Sales | Synder Review



Accounting Automation For Your Shop = Increased Sales Synder Review

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Synder, is an experienced accounting software provider, Synder has been on the market for over five years and in that time Synder has developed five different applications to solve different accounting problems. Synder works with quickbooks, xero, sage… Synder works with a huge number of providers in the fintech sphere like Stripe, Paypal, Shopify, Amazon and Ebay, etc. Synder is one of the most successful applications that has attracted the most active and lively customers.

Our attention was drawn to Synder because this application has actually more than thousands of positive reviews on different marketplaces, such as captera. and this is actually possible due to their motto, which is machine precision and human approach.

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Machine precision, the part is done by the team of developers. These guys are very professional and they implement the necessary features for optimal performance. Indeed, Synder’s customers require a very professional technical level.

The second part, which is the human approach, is done by the customer success team. These people accompany you throughout the testing process and the successful use of the application. In fact, Synder have learned from the use cases of their customers, for example when they are looking to expand their business and get investments, and they have a lot of communication with different investment companies and with the investors themselves, and once they have an up-to-date accounting. They found a way to automate that and build a very reliable process of getting their data inside their accounting. They can generate their profit and loss, their balance sheet or a gross revenue report, right after. Then they pick up the phone to talk to their investors. It’s very, very convenient in terms of understanding your business and making sure that you can communicate with your investors in an up-to-date way, without waiting for someone to prepare that report or send it to you.

Once you have your accounting up to date, you can track the health of your business, understand your expenses, understand your revenues on a daily basis. This whole process, is automated, also gives you a very good picture of how your business is doing,

I mean the overall ability of these platforms to talk to each other and communicate, because you need to make sure that they agree on the amount of inventory that they are able to provide, so that you can meet the demand of your customers and also so that you can see what is your performing product? What are your customers’ best performing regions and to have all that information? You need to make sure that these platforms are communicating with each other and that becomes more difficult when you only have three sales channels, but let’s imagine that within each channel you have multiple payment gateways, like accepting credit card payments with stripe. Also, accepting payments through Paypal and also, let’s say, via any integrated payment. This makes it very difficult to ensure that you fully understand your business

If you want to understand your business in a quick and daily way, Synder is something that helps all these platforms talk to each other, and in fact it gives you a single source of truth to have a detailed tracking in one platform.

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What question does Synder answer?

Synder answers the following questions;

Which customers and products are performing best?

What are your profits and losses in great detail to help you manage your business? What are the input options available to you?

The answers to those questions are at a pretty different level, you know, actually, depending on how you’re managing your accounts right now, is it an Excel or have you outsourced it to someone or are you using other ways of doing it, the process will be slightly different, but the general steps they will be the same, so step number one would be to choose the platforms that fit your needs.

There are a lot of different platforms available, so make sure that you choose something that really suits you and once you have chosen the platform, you need to know if it allows historical data entry, because you need to capture all your transaction history and put it in one place, you need to make sure that the platform supports this type of entry.

The input issue can be solved either by training yourself or your staff or by automation tools, I’m in favor of the latter.

Synder welcomes you!

Your adventure with Synder starts with connecting your sales channels and payment gateways; as soon as they are connected, you get the transaction flow and you can import it directly into your accounting in detail, including taxes, discounts and gift cards. So all the information you have about your business flows as soon as all that data is in the accounts. You will be able to get very detailed reports like profit and loss statement, different types of reports based on products or customers or even vendors. So all of that and basically you’re used to paying $20 to $40 an hour to enter all of that data including fees and I know that’s the reality of today for many businesses, but with automation you can pay $31 a month for all of that, the work will be done just as well as manually, so no difference, just saving money for your business and for much more important tasks.

We know that accounting is not a piece of cake and it makes sense that business owners focus more on their core business, on marketing or sales, as if they are looking for ways to increase their revenue, and that’s okay, and we joke among ourselves that the only time a business owner thinks about accounting, is when the notification about the tax return comes, but if you think about accounting and how it can help you, it becomes obvious that you can only run your business successfully if you know exactly what your most profitable areas are, what your best performing products are? What are your best performing customers, your customer profile? All these pieces of information will help you manage your business much more successfully, and that’s what Synder can do for you.

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Distinctive features

Intelligent automation

In your accounting, Synder automatically captures and categorizes transactions from all of your online payment and e-commerce platforms. It gives you with rapid, thorough, and accurate reports for business analysis and tax reporting by recording key company facts such as item and customer information, taxes, shipping and handling costs, locations, and so on. You may also tailor accounting procedures where you need them with Synder Smart Rules. For example, you may apply taxes depending on shipment location automatically, and Synder will apply this rule to all future relevant synchronizations.

Super easy payment processing

You can simply create and send invoices using Synder Invoicing, and you can give your customers a variety of payment options, including credit card payments. Customers will appreciate the convenience, and payment execution will improve.

Furthermore, easy payment links allow you to convert any of your social network pages, such as Facebook, Instagram, and others, into a payment page with unique and recurring payment choices, allowing you to get paid immediately.

The cherry on top: all of your payment information is automatically entered into accounting and overdue bills are automatically closed.

One-Click Reconciliation

Synder helps you to balance your accounting accounts’ synced data and trace any mistakes. The gap between your accounting platform and the real balance will be 0 if everything is proper.

Extensive list of integrations

Stripe, Square, PayPal, Shopify, Amazon, eBay, Etsy, Ecwid, Authorize.net, Pin Payments, BigCommerce, WooCommerce, and GoCardless are just a few of the sales channels and payment processors Synder supports. All of these platforms may be synced inside the same ecosystem and under the same account. The synchronization is started automatically in the background, without the need to log in.

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Conclusion

Enjoy your time with your family, friends or just by yourself, while Synder takes care of your accounting automatically!

Have you ever thought of becoming your own boss with a small eBay or Amazon store, or maybe even something bigger? Or maybe you already have your own business? In either case, you need to have a clear goal for what you want to achieve and the path you’ll take to get there.

Without these two plans, you won’t be able to think about the best course of action for your e-commerce business. Running a business is not a game, learn more about how Synder software helps you with accounting so you don’t run into any unexpected problems.

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