Automating Month-End Close Across Multiple Properties: Best Practices + Tools with Docyt
Month-end never sneaks up on finance teams, yet it rarely feels under control. Each property adds its own statements, invoices, and payroll files, and the combined workload increases in proportion to the scale of the properties. A single payroll adjustment in one property bends the consolidated report for the entire group. Duplicate vendor payments appear, […]
Hotel Accounting Compliance: Preparing for the New Lease Accounting Standards in 2026
By now, every hotel CFO, controller, and finance leader knows the 2026 lease accounting standards, IFRS 16, ASC 842, and FRS 102, aren’t exactly additional paperwork. With the new standards’ focus on leasing, the hotel industry’s already complex accounting requirements have become more complicated, heavier, and more costly to rectify. So what exactly changed? Operating […]
Automated Multi-Entity Accounting for Hotels: Skip the Month-End Wait, Jump Directly into Instant Insights with Docyt AI
Here’s what usually happens in hotel accounting: month-end arrives and reports come in every shape and size. One property sends a spreadsheet, another emails a PDF, another forwards payroll in whatever format their system spits out. The finance team spends hours trying to patch it all together into something that resembles a single view. When […]
Sustainability & Profitability Don’t Have to Clash: How Hotels Can Use Docyt AI to Drive Both
For years, hotel operators assumed that sustainability programs were merely an additional cost. And in a business where occupancy, RevPAR, and ADR fluctuate rapidly while margins remain thin, delaying those eco-initiatives seemed like the obvious and prudent choice. But the trends are shifting. Guests are no longer treating sustainability as an optional extra. They are […]
The 2026 Tax Checklist for Limited-Service Hotels: Avoid Hidden Penalties with Automated 1099s
It is September and tax season feels far away, but in reality, it is not. In just a few months hotel operators will be staring down the January 31 deadline for 1099s. That short window is where mistakes add on and pile up. Missing W-9s, payments that do not line up, penalties that quietly shave […]
No More Blind Spots – Tap into the Full Power of Your 13-Week Forecast with Docyt’s Real-Time Data:
The 13-week cash flow forecast has always been an indispensable tool for CFOs, controllers, and business owners. It is a simple, tactical, and surprisingly powerful tool that helps businesses anticipate liquidity gaps, optimize working capital, and reassure boards and lenders – when modelled right. But the forecasts are only as reliable as the data that […]
August Edition: What’s New at Docyt for Accounting Firms
As we wrap up the summer season, August at Docyt focused on confidence and control for our accounting firm customers – featuring smoother onboarding processes, enhanced security measures, more innovative client collaboration, and significant news shaping the future of accounting automation. Welcome to the Future of Accounting Workflows With powerful AI agents, intuitive client tools, […]
August Edition: Product Updates for Hospitality
August was one of the busiest seasons for hotels, but the benefits of Docyt’s latest updates are here to stay. Last month, we focused on streamlining operations and enabling profit-driven decisions for hotels. Nightly Audit Captured, Correctly. Zero-Touch Night Audit Night audits no longer have to be tedious and time-consuming. Hotels that use Docyt can […]
From Disconnected ERPs to Unified Intercompany Visibility with AI: How Docyt Keeps Your Books Clean and Connected
Hospitality finance teams rarely work inside a single platform. Property management, payroll, point of sale, bank portals, and large ERPs all hold fragments of the financial picture, yet none communicate fluently with one another. When systems fail to align (which is inevitable), minor timing mismatches often escalate into full reconciliation problems. Intercompany balances can drift, […]
Dynamic Pricing 2.0: Combining Forecasts with Demand Signals to Outperform Your Comp Set
Hotel pricing has always been demanding, but for many years, managers leaned on the same familiar patterns. Rates rose on weekends, dipped midweek, followed seasonal rhythms, and shifted in response to competitor moves. Those patterns provided stability in slower times; yet, today, with changing booking habits among travellers, they are falling short. Why older pricing […]
OTA Chargebacks & Disputes: How Docyt’s Automated Documentation Workflows Protect Your Revenue
Chargebacks are one of those persistent problems the hotel industry can’t shake off. From guest disputes, OTA errors, fraudulent transactions, mismatched folios, to delayed payments, they can arrive from any direction. The causes may vary, but the outcome is always the same: money leaves the business. However, revenue loss isn’t the only burden associated with […]
Empowering GMs with Weekly Financial Clarity: How Profit AI Drives Real-Time Visibility and Action
The biggest pain point for hotel managers is that key metrics only surface at month-end, long after there’s any chance to act. By the time they reach the desk, they lose their relevance. Numbers Delayed Are Opportunities Denied RevPAR is one of the clearest indicators, offering a fast way to understand, track, and optimize performance. […]