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Pekel

Develop by Shopify
Free plan available

GAAP compliance can be hell, but it doesn’t have to be.

Shopify integration
No-code solution
Gaap compliance
Accrual accounting
Recharge integration

About Pekel

Launched Aug 22, 2022

Categories

Built by Shopify

Synctrack Order Tracking logo
(72 Reviews)
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All-in-1 Order Tracker with a Branded Order Tracking Page

Description

Pekel is an easy-to-use, no-code app that helps subscription businesses on Shopify and ReCharge* comply with one of the key tenets of GAAP: accrual accounting. GAAP, or Generally Accepted Accounting Principles, is the foundation for the comprehensive, extremely stringent accounting standards established by the FASB. All publicly traded companies in the U.S. must comply with GAAP, and even private companies will have a hell of a ride trying to get funding – among other things – if their...

Pekel is an easy-to-use, no-code app that helps subscription businesses on Shopify and ReCharge* comply with one of the key tenets of GAAP: accrual accounting. GAAP, or Generally Accepted Accounting Principles, is the foundation for the comprehensive, extremely stringent accounting standards established by the FASB. All publicly traded companies in the U.S. must comply with GAAP, and even private companies will have a hell of a ride trying to get funding – among other things – if their... more

Pros

  • No-code interface makes it accessible for users without technical expertise
  • Helps ensure compliance with GAAP, crucial for both public and private companies
  • Specifically designed for subscription businesses using Shopify and ReCharge, providing tailored solutions
  • Streamlines the process of accrual accounting, reducing manual effort
  • Could potentially improve funding opportunities by ensuring financial statements meet GAAP standards

Cons

  • Might be limited to Shopify and ReCharge users, excluding businesses using other platforms
  • Accrual accounting might still require some understanding of accounting principles
  • May not offer extensive features beyond accrual accounting, limiting its utility for comprehensive financial management
  • User reviews or ratings could be varied, indicating inconsistent user experiences

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