Level Up Your Advisory Practice – Don’t Miss Our Webinar!
Join Webinar ->

GAAP

Definition

GAAP, or Generally Accepted Accounting Principles, is a set of U.S. guidelines that companies use to structure their financial statements. GAAP encompasses various aspects of accounting, including revenue recognition, balance sheet classification, and materiality.

Why it matters

GAAP sets some kind of foundation for transparent and reliable financial reporting. GAAP compliance means companies speak the same financial language, letting investors, creditors, and regulators understand and compare their performance without guesswork. This standardization means that everyone, from small investors to major banks, can make informed decisions based on clear, comparable financial information.

Focus on Growth, Let Synder Handle the Accounting

Let Synder handle your sales, fees, and tax records with seamless automation, syncing directly to QuickBooks, Xero, or Sage Intacct.
  • Streamline sales management
  • Gather analytics from all sales channels
  • Be GAAP-compliant and avoid penalties
  • Optimize payment processes
Book a demo

Recognized by accounting experts, endorsed by partners

Stripe verified partner logo
Close Cookie Preference Manager
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.‍
Strictly Necessary (Always Active)
Cookies required to enable basic website functionality.
Made by Flinch 77
Oops! Something went wrong while submitting the form.