View the end-to-end journey of every transaction by combining PayPal events with other operational data — like other PSPs, order management, billing, and other systems — in Leapfin, your single source of truth for every financial transaction.
Accurately recognize revenue and automate ledger entries into NetSuite’s general ledger. Say goodbye to half-baked APIs, third-party connectors, or homegrown integrations creating a messy business process. Leapfin turbocharges your PayPal transactions for faster analysis and close.
Accurate reporting and analysis with real-time transaction insights
Without an accurate view of every transaction’s journey, you can’t uncover ways to increase profits. How much tax are you remitting for disputed transactions? Are you offering too many discounts?
Answer these questions with Leapfin. Leapfin combines PayPal events with other operational data, converts the transaction data into a universal Financial Record for easy segmentation and analysis, and automates ledger entry creation for reporting. So, when you integrate it into NetSuite, you capture and analyze every dollar without missing a cent.
Reconcile differences automatically
Dozens of events flow through PayPal daily – from payments to disputes to disbursements. But you still have irreconcilable differences and mistimed transaction reporting.
Why? Because part of the transaction lives in other systems which don’t observe similar immutability, the transaction might fall into the wrong period.
Leapfin automatically combines PayPal events with other transaction activities, assigns each activity to the correct period, and pushes fully reconciled entries into NetSuite. No more funky accounting or manual workarounds.
Pre-built logic for accurate financials
Sure, you can manually calculate foreign exchange rates or different tax rates across multiple journal entries.
Or, you could use Leapfin to apply these calculations, automatically create ledger entries, and push them into NetSuite, all without any manual effort. It’s up to you.
Easy, pain-free audits with traceable transaction linking
Remember when audits meant filling in the gaps in the transaction story between billing and payment? What happens if you invoiced a user a few months ago and reinvoiced them a week ago because of a dispute?
Leap into the future, track transaction data changes, and link related activities together and back to their source. Answer auditor questions in minutes, not days.
Leapfin is our valued partner for revenue recognition. All of the PSP data that we need for the month-end close lives in Leapfin and gets updated in real-time.
Emily Eagon Controller @ Medium