Picture this: it\u2019s nearing the end of the month, and your to-do list is a mile long. The data backlog is towering, clients are demanding insights and strategic advice, but you\u2019re bogged down with hours of manual entry and reconciliation ahead. Frustration sets in, and even the idea of lunch feels like a luxury. Sounds familiar? <\/p>\n\n\n\n
We spoke with Edward Dick, Strategy and Finance Manager at Tentho, to uncover how their team overcame this all-too-common struggle using Synder\u2019s game-changing automation. Here’s what we learned.<\/p>\n\n\n\n
In the accounting industry, traditional month-end reconciliations are notoriously tedious and time-consuming. Tentho<\/a>, an accounting and financial services firm, experienced this firsthand. Their conventional process involved bundling multiple transactions\u2014such as payments and deposits\u2014into single journal entries within their accounting system. While functional, this method led to chaos in the final 10 days of each month, as accountants struggled to clear a towering backlog of unreconciled data from the previous period.<\/p>\n\n\n\n The tradeoff? A lack of granular financial insights. These inefficiencies consumed precious time and constrained Tentho\u2019s ability to prioritize higher-value services like strategic financial advisory\u2014critical for both the company and its clients.<\/p>\n\n\n\n Many organizations face the same challenge: too much data, too little time. So, how do we change that?<\/p>\n\n\n\n No more end-of-month meltdowns over mountains of unreconciled data! It might sound like a New Year\u2019s resolution you\u2019ll break by February, but Tentho\u2019s success with Synder proves it\u2019s achievable.<\/p>\n\n\n\n By automatically breaking down complex transaction entries into precise components like sales, fees, and deposits\u2014Synder completely transformed Tentho\u2019s account reconciliation process.<\/p>\n\n\n\n “That’s what Synder does so perfectly\u2014every deposit that comes in is linked and split into sales and expenses. All we have to do is set it up,<\/em>\u201d said Edward Dick, Strategy and Finance Manager at Tentho. <\/p>\n\n\n\n \u201cWe\u2019ve distributed all that heavy work from the end of the month throughout it, which made our lives a lot easier. Now that we don’t have to wait, it saves us about two hours per client, easily<\/em>.” <\/p>\nEdward Dick, Strategy and Finance Manager at Tentho<\/cite><\/blockquote>\n\n\n\n Synder\u2019s ability to break down transactions with such precision has been a monumental step forward for Tentho, giving them clearer, more transparent financial records. This newfound granularity has streamlined their processes and helped them maintain cleaner books.<\/p>\n\n\n\n \u201cMy process is simpler at the end of the month. As accountants, our end product is the P&L, balance sheet, and financial statements\u2014and they have to be accurate. Synder has made that process so much easier<\/em>.\u201d <\/p>\nEdward Dick, Strategy and Finance Manager at Tentho<\/cite><\/blockquote>\n\n\n\n Tentho has found a way to go beyond the grind of monthly updates, embracing efficiency and precision to unlock greater potential for their business. And your company can do that too. <\/p>\n\n\n\n The changes don\u2019t stop there. Synder made PayPal, often dreaded by accountants as one of the trickiest platforms to reconcile, a breeze for Tentho. By automating the PayPal integration<\/a> alone, Tentho saves an impressive 30 minutes per client every month\u2014all while seamlessly consolidating financial data from multiple payment platforms.<\/p>\n\n\n\n Synder takes the headache out of reconciliation by integrating with over 30 ecommerce and payment platforms, including PayPal, Stripe, Shopify, and Amazon, all within one unified system and automatically syncing sales data in real time to the accounting software. For Tentho, that was the breakthrough they needed to shift their focus more to advisory and strategic services, rather than just entering and checking the numbers. <\/p>\n\n\n\n \u201cThe integration process is simple and pretty self-explanatory,<\/em>\u201d Edward shared. \u201cIt even has helpful tips, like little buttons that guide you\u2014\u2018if this is invoices, link it to Accounts Receivable. Super useful<\/em>.\u201d<\/p>\n\n\n\n With Synder, reconciliation has gone from stressful to seamless, giving Tentho more time to focus on what truly matters: helping their clients thrive.<\/p>\n\n\n\n Tentho no longer needs to spend hours reconciling transactions, which saves them approximately two hours per client every month<\/em>. As a result, it can offer more robust services, such as in-depth financial analysis, strategic advising, and offering clients tailored insights to drive business growth, without increasing operational costs. <\/p>\n\n\n\n \u201cThanks to Synder, we can make business decisions quicker, and with more confidence, because we know that the data is more reliable and up to date. We can deliver more detailed information to the client\u2014more advice, more guidance. We can lean less towards the data entry and more into streamlining the financial side of the business<\/em>.\u201d<\/p>\nEdward Dick, Strategy and Finance Manager at Tentho<\/cite><\/blockquote>\n\n\n\n Tentho\u2019s story illustrates a pivotal truth: automation is no longer a luxury but a necessity for modern accounting firms. By adopting Synder, Tentho has not only reclaimed countless hours previously lost to manual reconciliation but also earned the capacity to provide more higher-value services. As Edward Dick puts it, Synder offers more than just automation; it provides the clarity needed to make smarter business decisions, faster through access to real-time information and elimination of manual multi-step reporting.<\/p>\n\n\n\n For any accounting firm looking to break free from the inefficiencies of traditional reconciliation, Tentho\u2019s transformation offers a roadmap to success. The question isn\u2019t if<\/em> automation can help\u2014it\u2019s when<\/em> you\u2019ll choose to take that next step forward. With solutions like Synder, the transition is seamless, and the rewards are plentiful and undeniable.<\/p>\n\n\n\n Tentho reclaimed over 10 hours monthly by implementing Synder\u2019s automated solution. If you want to achieve the same for your<\/em> accounting firm, sign up for Synder\u2019s 15-day free trial<\/a> or join our free demo<\/a> to explore real-time data sync and seamless integrations. <\/p>\n","protected":false},"excerpt":{"rendered":"Picture this: it\u2019s nearing the end of the month, and your to-do list is a mile long. The…\n","protected":false},"author":2308,"featured_media":28988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[43,45,342],"tags":[255,254],"ppma_author":[396],"class_list":{"0":"post-28987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-accounting","8":"category-business-management","9":"category-synder-for-accountants","10":"tag-business-owner","11":"tag-cpa","12":"cs-entry","13":"cs-video-wrap"},"yoast_head":"\nBreaking free from the manual reconciliation trap<\/strong><\/h2>\n\n\n\n
\n
\n
The power of automation: 30 minutes saved per client <\/strong><\/h2>\n\n\n\n
Empowering accountants to focus on what matters most<\/strong><\/h2>\n\n\n\n
\n
Conclusion<\/strong><\/h2>\n\n\n\n
Want to free up time and money in your accounting team?<\/strong><\/h2>\n\n\n\n