Synder

“Machine accuracy. Human approach” motto reflects the primary culture of the Synder company and the general attitude is that we are always open for discussion, and collaboration, and believe in accuracy in everything we do, taking the most enjoyment out of working with a team of great people - this is what leads us to great, fresh ideas.

Synder https://synder.com/: 
Synder is a SaaS product that automates bookkeeping for eCommerce and SaaS companies and gets things ready for a supersonic reconciliation.

Your time costs more than money!

Founder / CEO

REID Consulting

Realize ideas for different startups all over the world.

CEO/Owner

biid

Solution Architect

DashboardStream LLC

Architect

BuddyBounce

Designing of project database, structure and API.
Managing development on project.
Technical analysis of customer business requirements

Grails Consultant

NearMe

Established all project infrastructure: continuous delivery, issue/bug tracking and process configuration.
Designing of project database, structure and API.
Entire project development.

Scand

e-commerce online shop project based on Grails and Solr

Team Lead

* Java/Grails developer at e-commerce Product Management system in Grails and JSF
* Java/Grails developer at e-commerce online shop project based on Grails and Solr

Java Developer

Founder @Synder | Accounting automation for eCommerce and SaaS. Follow me for posts about startups, key financial metrics, and life in finance.

👋🏻 Hi! I'm Michael. 

I'm the CEO and founder of Synder. I am on a mission to continue developing technology that solves real problems for businesses:

From eCommerce to FinTech, I have been at the forefront of driving solutions that are making waves in the digital domain. Over the last 7 years, I have moved into the FinTech world and have focused on online sales, bookkeeping, accounting, and business automation. Now these solutions are helping thousands of businesses grow around the globe.

I'm a results-driven entrepreneur with a decade of developer experience and a passion for FinTech. I'm sure my tech know-how, IT architecture skills, customer-centric development proclivities, and ability to build a rockstar team ready to power us forward will help us make a mark.

With my knowledge and experience in both eCommerce and FinTech spheres. I'm ready to leverage my skills and my team's expertise to make a greater impact. 

Let's make it happen!

I'd be happy to connect and collaborate with Saas founders - feel free to send a DM.

Demystifying Revenue Recognition with GAAP Compliance: Refunds Simplified 🚀

During our recent webinar on the intricacies of Revenue Recognition, a pivotal question emerged: How does our module handle refunds, especially in terms of revenue recognition adjustments?

We're proud to say that our application is not just built with precision in mind but with a steadfast commitment to GAAP compliance. Here's how we ensure accuracy, even in the event of refunds:

✅ Refund Management: When refunds occur, Synder adjusts revenue recognition when refunds are issued. It reverses the revenue recognized for the transaction in the same period it was earned, ensuring accuracy and consistency with GAAP. Specifically, the revenue recognized for that transaction is reversed in the period it was earned, reflecting the cancellation/refund.

🔍 Accuracy and Consistency: This method guarantees that your financial reporting remains consistent, accurate, and transparent. It's not just about adhering to rules; it's about providing a truthful financial picture that stakeholders can rely on.

📊 Impact on Financial Statements: By reversing recognized revenue in the period it was earned, we maintain the integrity of your financial statements. This approach ensures that your business's financial health is accurately represented, taking into account the dynamic nature of sales and refunds.
Understanding the nuances of revenue recognition can significantly impact your business strategy and financial planning. 

💡 Let's delve deeper into how adopting such precise measures can elevate your financial management. Have you experienced challenges with revenue recognition in the past? How important is GAAP compliance in your financial strategy? Share your thoughts and experiences below!

#RevenueRecognition #GAAPCompliance #FinancialManagement #AccountingSoftware  #SynderRevRec #SynderGAAP

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