What Does Synder Do?

    Learn about what Synder does, their services, and key information.

    What Does Synder Do?

    Name: Synder

    Headquarters: San Francisco, California

    Employees: 11-50 employees

    Synder is an accounting software platform designed to help eCommerce businesses automate bookkeeping and reconcile sales data across multiple channels. Synder streamlines the financial management process by connecting various sales channels and payment gateways, enabling users to maintain accurate books and generate essential financial reports.

    How does Synder help eCommerce businesses?

    Synder's core offering centers on automating the reconciliation of sales from all integrated channels with accounting systems. This allows eCommerce companies to consistently keep their books up to date, facilitating accurate reporting and simplifying tax filing. With Synder, users can:

    • Automate the bookkeeping of their transactions
    • Reconcile books with a single click
    • Connect all sales channels and payment gateways within one interface
    • Access correct sales, tax, profit and loss, and balance sheet reports directly in their accounting system

    This platform is particularly valuable for businesses selling on multiple channels or using several payment providers, reducing the manual effort and risk of errors in financial data management.

    Who uses Synder?

    Synder primarily serves eCommerce businesses seeking to simplify their accounting workflows. Its customer base includes organizations such as Decimal, Insogna CPA, Kiban 360, HireEffect, Totally Bookked, and OpStar. These clients rely on Synder to centralize their transaction data and ensure financial accuracy across platforms.

    How was Synder started?

    Synder was founded by Michael Astreiko (CEO), Ilya Kisel (COO), and Alexey Sergeev (CTO), who set out with a mission to empower users with tools that make bookkeeping and accounting straightforward. Their backgrounds in software development and financial technology informed the creation of a solution that makes financial management an effortless part of daily business operations. More about their journey can be found on their About page.

    What makes Synder different?

    Synder stands out by providing a unified interface for connecting multiple sales channels and payment gateways, emphasizing automation and ease of use. The ability to automate reconciliation and generate key financial reports with minimal manual intervention addresses common pain points for eCommerce businesses dealing with complex transactional data from various sources.

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