Finance & operations

Close and forecast on certainty.

Truence securely connects your channels, your ad platforms and your bank, then verifies every sale against the deposit that cleared — so you close and forecast on live, verified data, not estimates.

The underside of a steel roof truss, every member carrying one continuous load
Close · last cycleReconciled
Orders$511,420
Fees-$23,180
Refunds-$14,260
Confirmed to bank$473,980
Exception queue
Open items3
Oldest2 days
Bank-confirmed revenue
This week$96,140

TrueRevenue

Last 30 days

Key performance indicators

Orders settled$511,420+4.1%vs $491,300

Across every connected channel.

Confirmed to bank$473,980+3.4%vs $458,400

cycle close, no open difference.

Orders settled by channel · 8 rows · Updated 11:18 PM

  • Shopify3,412 orders$192,780RECONCILED
  • Stripe2,884 charges$138,420BANK CHECK
  • Amazon logoAmazon4 settlements$86,140RECONCILED
  • PayPal1,106 payments$42,310CONFIRMED
  • Walmart2 settlements$26,480RECONCILED
  • Etsy684 orders$14,920BANK CHECK
  • TikTok Shop312 orders$6,210RECONCILED
  • Plaid logoWholesale invoices18 invoices$4,160CONFIRMED
  • Orders settled, all channels$511,420CONFIRMED
Illustrative product view.

Connect the stores, ads and banks you already run on.

Amazon logoPlaid logo

A close is only as good as the record it reconciles to.

Truence

Truence reconciles orders, settlements, fees and refunds to the deposit as they happen, so the close begins already agreed.

The month

A finance operation that is always current.

One brand's last cycle, posted daily and reconciled to the deposits that cleared.

Zero-dayBooks reconciled the day the money moves, not weeks later
$473,980Last cycle revenue confirmed against cleared deposits
$0Left unexplained between the ledger and the bank
01Every day · the books stay current

The month closes as it happens, not three weeks later.

Orders, fees and refunds are posted the day they occur and reconciled to the deposit, so last cycle arrives already agreed at $473,980 confirmed to the bank.

See how the close works
Close · last cycleReconciled
Orders settled
$511,420
Fees
−$23,180
Refunds
−$14,260
Confirmed to bank
$473,980
A finance lead reviewing the month on a tablet on the shop floor
02Day 14 · a settlement disagrees

Every difference is traced to the line that caused it.

Amazon batch 4471 deposited $3,140 less than invoiced, and Truence explains the whole of it — fees, refunds and a reserve hold — the same day it lands.

Read the reconciliation method
Amazon logoBatch 4471 · varianceExplained
Marketplace fees
−$1,180
Refunds in period
−$1,420
Reserve hold
−$540
Variance accounted
$3,140
An operator packing orders beside a settlement report
03Continuously · stock becomes cost

Inventory moves and the margin moves with it.

Receipts, fulfilments and returns are costed as they happen, so $186,300 of COGS and a 60.7% gross margin are true at the moment you look, not at quarter-end.

See multichannel operations
Inventory and COGSLive
Units on hand
12,940
COGS · last cycle
$186,300
Strongest SKU margin
Facial oil · 64%
Gross margin
60.7%
Stock on shelves in a brand's warehouse
04Day 7 · the payout clears

Cash is counted when the bank says it arrived.

Each payout is opened, matched to the orders inside it and only then added to the balance, so the $327,540 on the cash line is money that has already landed.

Why bank verification
Plaid logoDeposit ····4021Confirmed
Stripe payout
$38,940.00
Shopify Payments
$22,180.00
Cleared to operating
$61,120.00
Unexplained
$0.00
A delivered parcel on a doorstep
05Month end · one truth, three teams

Finance, growth and ops all work from one figure.

Each team reads its own slice of the same $473,980, so the monthly meeting is about the decision rather than whose spreadsheet is right.

See the founder view
One source of truthAgreed
Finance · net to operating
$473,980
Growth · verified return
2.6x on confirmed spend
Ops · orders behind it
9,842 orders
A team reviewing the month together at a desk
How you run it

One platform. Two ways to run it.

Hand the back office to Truence, or keep your team in the seat and let Truence do the matching underneath them.

Brands without a finance team

Run the whole back office on Truence.

Connect the stores, the processors and the bank once, and the books, the reconciliation and the exception queue run from that day forward.

Connect your store
Brands with a finance team

Give your controller a ledger already agreed.

Your team keeps control of the close while Truence does the matching underneath, so the work left on the desk is judgement rather than data entry.

Talk to our team
Ask your analytics provider one question:

Has this actually reached my bank?


The decisionTruenceAttribution platformsAccounting platforms
Real-time channel revenue reportingPriced off the settlement, in real timeModelled forward, never settledNot offered
General ledger and financial statementsPriced off the settlement, in real timeNot offeredReconciled backwards, after month-end
Every figure confirmed against the bank depositPriced off the settlement, in real timeNot offeredNot offered
Fees, refunds and reserves apportioned to the orderPriced off the settlement, in real timeNot offeredNot offered
Ad spend allocated to the order it producedPriced off the settlement, in real timeNot offeredNot offered
Contribution margin per SKU after settlementPriced off the settlement, in real timeNot offeredNot offered
Reserve release dates shown against spendable cashPriced off the settlement, in real timeNot offeredNot offered
Agent-mediated orders scored and traced to the depositPriced off the settlement, in real timeNot offeredNot offered
Real-time channel revenue reporting
Priced off the settlement, in real time
Attribution platforms
Modelled forward, never settled
Accounting platforms
Not offered
General ledger and financial statements
Priced off the settlement, in real time
Attribution platforms
Not offered
Accounting platforms
Reconciled backwards, after month-end
Every figure confirmed against the bank deposit
Priced off the settlement, in real time
Attribution platforms
Not offered
Accounting platforms
Not offered
Fees, refunds and reserves apportioned to the order
Priced off the settlement, in real time
Attribution platforms
Not offered
Accounting platforms
Not offered
Ad spend allocated to the order it produced
Priced off the settlement, in real time
Attribution platforms
Not offered
Accounting platforms
Not offered
Contribution margin per SKU after settlement
Priced off the settlement, in real time
Attribution platforms
Not offered
Accounting platforms
Not offered
Reserve release dates shown against spendable cash
Priced off the settlement, in real time
Attribution platforms
Not offered
Accounting platforms
Not offered
Agent-mediated orders scored and traced to the deposit
Priced off the settlement, in real time
Attribution platforms
Not offered
Accounting platforms
Not offered
See the full comparison

Every Truence figure traces to a settled bank deposit.

FAQs

Answers before you connect.


What does a zero-day close actually mean?

Orders, fees and refunds are posted the day they occur and reconciled to the deposit, so there is no backlog of work waiting at month end.

How is a settlement exception handled?

Every settlement is checked against what was invoiced. Where the two differ, Truence traces the difference to its source, and the exception is resolved the same day.

How is inventory costed?

Receipts, fulfilments and returns are costed as they move, so COGS and SKU margin are current rather than restated at quarter-end.

Do growth, finance and operations see different numbers?

The total never changes underneath them. Each team just sees the slice of it that matters to their work.

Can we keep our own accountant?

Yes. Truence maintains the verified ledger and your team or your accountant keeps control of the close on top of it.

Reconcile once, in one system.

Give growth, finance and operations the same bank-confirmed month, orders through forecasts, so every exception is resolved once and stays resolved.