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 books don’t have the GAAP seal of approval.

GAAP compliance requires using the accrual accounting method, which recognizes revenue as it’s earned rather than when it’s collected. That means Shopify merchants offering subscriptions can’t report the revenue from those subscriptions until the goods are on their way to the customer.

Before Pekel, there was no easy way for Shopify x ReCharge merchants to manage revenue recognition in a GAAP-compliant way.

HOW IT WORKS

On the first of each month, Pekel harmoniously syncs order data from ReCharge and Shopify, matching each installment of a subscription to its unique ReCharge subscription ID, then automatically formats and feeds that data into CSVs you can download at any time and import into your preferred spreadsheet program.

NEED A CUSTOM REPORT?

We do that, too. Just choose the date range containing the orders you want to see, then purchase your report. With just a couple of clicks, you can export your data as a CSV.