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How Parallel Doubled Their Bookkeeping Margin with Puzzle

60% - 80%
profit margin on bookkeeping services
One day close
From 21 days with QuickBooks
Realtime insights
by closing books in hours instead of days
"Puzzle enabled us to launch bookkeeping as a profitable, high-margin service. We went from onboarding to delivering results within days—unheard of in traditional bookkeeping"
Renato Villanueva, Founder and CEO of Parallel
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IN ARTICLE:
The Challenge
Example H2
The Solution
Example H2
The Result
Example H2

Discover how Renato Villanueva leveraged Puzzle’s real-time accounting to achieve industry-leading margins in bookkeeping services.

  • 60%-80% profit margins on bookkeeping services
  • Month-end closes completed 17 days faster than traditional methods
  • Streamlined operations, reducing client close time from the 21st to the 3rd of each month
THE CHALLENGE

QuickBooks Inefficiencies Limited Profitability

‍

As founder of Parallel, an AI-driven FP&A platform, Renato Villanueva saw the opportunity to offer bookkeeping services to clients—but traditional accounting tools like QuickBooks were too slow and labor-intensive to make the venture viable.

‍

“It was taking accountants until the 21st of each month to finalize books,” Renato explained. “That slow turnaround made it impossible to deliver timely insights to clients.”

‍

QuickBooks required extensive manual categorization and lacked effective integrations, leaving accountants dependent on constant back-and-forth with clients.

‍

“The inefficiencies in QuickBooks weren't just frustrating—they made it nearly impossible to scale a profitable bookkeeping business,” Renato said.
THE SOLUTION

Real-Time Accounting Powered by Puzzle

‍

Choosing Puzzle transformed Parallel’s bookkeeping service into a profitable venture. Puzzle’s AI-driven categorization automated previously time-consuming tasks, while its streamlined interface clearly outlined monthly close tasks, dramatically simplifying client onboarding.

‍

“The migration was straightforward,” Renato said. “Puzzle connected effortlessly to our clients' financial stacks like Mercury, Ramp, Rippling, and Stripe, eliminating the delays that usually accompany migrations.”

‍

In their very first month offering bookkeeping services, Parallel leveraged Puzzle to close a client’s books by the 3rd, significantly faster than their previous provider’s date of the 21st. The entire project required only three hours of work, enabling Parallel to charge a premium while maintaining extraordinary profit margins.

THE RESULT

High-Margin Bookkeeping Delivered at Scale

Parallel immediately achieved margins between 60% and 80%, far exceeding the industry average of 20-25%.

“Initially, I wasn't even sure if our results were good—then I learned it was best-in-class,” Renato said. “The simplicity and speed Puzzle offers have opened entirely new revenue streams for us.”
  • 60%-80% margins achieved immediately
  • Monthly close completed 17 days faster than traditional methods
  • Only three hours of work per monthly client close

‍

With Puzzle, Parallel now confidently markets bookkeeping as an efficient, highly profitable service.

‍

“The best accountants and bookkeeping services use Puzzle,” Renato stated. “If yours doesn’t, it's probably time to switch.”

Read more

How Cactus (YC X25) Unlocks End-To-End Financial Visibility With Puzzle

How Parallel Cut Month-End Close Time From 20 Days to Less Than 1 Day Using Puzzle

How Central Saved ~4 Days Per Month While Improving Client Happiness Using Puzzle

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