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

Built by Shopify

Address

151 O’Connor St, Ottawa, ON, ON, CA

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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...

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