Pawp has been changing the game for pet care with its 24/7 digital health clinic and telehealth service since 2020, giving pet owners instant access to licensed vets anytime, anywhere. Named the best online pet care service by Business Insider, their app provides unlimited, round-the-clock veterinary consultations via video and text, ensuring that expert advice is always within reach.Â
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Synder RevRec lets Pawp recognize equal portions of revenue from annual subscriptions each month. Invoices go into a deferred revenue account on the Balance Sheet and are recognized as earned revenue in their P&L over time.
Any modifications to Pawp’s subscriptions in Stripe—refunds, chargebacks, cancellations, upgrades, and more—are automatically detected, included in the recognition schedule, and recorded in QuickBooks Online.
Synder syncs and matches invoices for Pawp from both Stripe and PayPal. With various billing periods, Synder accurately identifies and recognizes these invoices, saving both the financial officer and CTO a lot of manual work.
Thanks to Synder’s mapping functionality, Pawp was able to map the accounts and items from QuickBooks Online to those in Stripe. This has allowed for flexible and more transparent reporting in QuickBooks so that Pawp can track income by categories.
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"As a consumer company, it’s really important to be able to automate revenue recognition and set up the right integrations between Stripe and QuickBooks. This is definitely something we don’t want to do manually at scale. Being able to automate with Synder became a must."
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