Overview of Puzzle: Comprehensive Accounting Software for Startups

Puzzle is an accounting software designed specifically for startups, offering a range of features to streamline financial management and compliance. Built natively to integrate with Stripe, Puzzle provides real-time financial insights and automated workflows to help startups manage their finances efficiently.

Key Features

Automated Financial Management

Puzzlebot: An intelligent accounting assistant that auto-categorizes up to 95% of financial transactions, reducing manual data entry.
AI Categorizer and AI Lookup: Enhance transaction categorization and reconciliation through AI-powered tools.
Automated Workflows: Features such as auto-drafted reconciliations, completeness checks, and auto-accruals simplify the accounting process.

Real-Time Financial Insights

Startup Metrics: Instant access to key financial metrics such as Cash, Net Burn, Runway, ARR, and MRR.
Spotlight Analysis: Identifies new vendors and significant changes, helping users focus on important trends and patterns.
Spending Explorer: Provides detailed insights into spending patterns, helping startups make informed financial decisions.

Compliance and Reporting

One-Click Tax Package: Simplifies tax preparation with a single click, making it easier to meet tax deadlines.
Real-Time Reports: Generate and share up-to-date financial reports with stakeholders at any time.
Monthly Checklist: Helps maintain financial accuracy and readiness for investor scrutiny.

Integration and Support

Seamless Integration: Direct APIs connect with Stripe, Gusto, Rippling, Brex, Ramp, Mercury, and other financial institutions via Plaid.
Founder Support: Access to a network of professional bookkeepers and tax accountants specialized in startups.
Free Data Migration: Transfers data from other accounting systems like QuickBooks, Xero, and Excel without additional effort from the user.

Benefits

Efficiency: Reduces the time spent on manual accounting tasks, allowing founders to focus on strategic decisions.
Compliance: Ensures that startups remain compliant with tax laws and regulations, reducing the risk of penalties.
Insight: Provides deep insights into financial health, enabling proactive management and planning.

User Experience

User Responsibility: While Puzzle automates the majority of categorization, users are responsible for categorizing the remainder and reviewing overall financials.
Customization: Users can customize their chart of accounts to better fit their specific business needs.

Additional Information

Tax Deadlines for Delaware C Corps: Includes important dates such as January 31 for 1099 filings, March 1 for Delaware franchise tax, and April 18 for state and federal taxes.
Banking Requirements: A bank account is necessary to utilize Puzzle's full capabilities. Puzzle provides links to partner banks for users needing to open an account.

Puzzle is a comprehensive solution for startup financial management, emphasizing automation, real-time reporting, and integration with other financial tools.