Avoiding Tax Traps: A Guide for U.S. Multi-Entity Businesses
Starting or operating a multi-entity business is a blend of rewarding endeavors and pressing challenges. Multi-entity businesses face a myriad of challenges while filing their taxes. In this blog, we will delve into the most prevalent tax pitfalls that U.S. multi-entity businesses face and discuss strategies for both avoidance and correction. 1. Lack of Record-Keeping […]
Docyt To Unveil New Voice-Based Transaction Categorization for its AI-Powered Accounting Automation Platform at AAHOACON24
Santa Clara, CA – April 2, 2024 – Docyt, the frontrunner in AI-driven accounting automation technology, will unveil new voice-based transaction categorization functionality at AAHOACON24. Docyt will demonstrate this and other new features of its AI-powered real-time accounting platform at this year’s show in booth #1625. “The hospitality industry is under tremendous pressure to succeed […]
AI Document Management Systems for Small and Medium Businesses
Antiquated physical filing systems can get out of control quickly, especially for small and medium-sized businesses facing space limitations and a lack of time or support to keep up with the sheer volume of paperwork. Misplaced or lost documents can turn simple accounting tasks into all-day ordeals. AI-powered document management systems (DMS) are equipped with […]
Closing the Books with the Power of AI: Hard Close vs. Soft Close
In nearly every business, closing the books is a vital monthly routine – a bit like a health check-up for the enterprise’s financial well-being. Generally speaking, there are two types of close – hard close and soft close. While they may seem similar, they serve very different purposes. Understanding these differences and how each form […]
What is a Live P&L? How to Track Profit and Loss in Real-Time
Acute awareness of your business’ financials is essential to success in most competitive industries. Thankfully, the advancement in technology has not only made that possible, it has also made it easy. There has never been a more critical time to ensure that you consistently have a holistic and up-to-date snapshot of your business at your […]
Leverage the Top 5 Profitability Ratios with Docyt AI
As a business owner or financial manager, understanding the health of your company in monetary terms is key in a complex business environment. The profitability ratios are among the most crucial indicators in such a quest as they provide a clear image of how well the company is generating earnings against the revenue, assets, equity, […]
Bookkeeping vs Accounting: What’s the Difference?
As a business owner, your company’s lifeline lies in the management of its finances. However, navigating the often-confused processes of bookkeeping vs accounting can be frustrating. Throw the various technologies into the mix, and your dilemma can be exponentially more confusing – do you choose bookkeeping or accounting tools… or both? We suggest the latter, […]
ExpenseFlow: Revolutionizing Expense Management
Revolutionize your expense management with ExpenseFlow by Docyt. Streamline your bill pay, corporate card management, expense reporting, and receipt management in one platform. ExpenseFlow gives organizations ultimate control over their spending with Docyt AI, a unique combination of generative AI and precision AI. Learn how this powerful technology can take the hassle out of expense […]
Introducing InsightFlow: Real-Time Financial Reporting
The concept of financial mastery just got simpler – Introducing Docyt’s latest cutting-edge feature, InsightFlow. No more waiting for tedious month-end reports or struggling through complicated data. InsightFlow will forever change the way you approach your business’s financial management, delivering instant, AI-driven insights that are both comprehensive and user-friendly. Transforming Financial Reporting with AI-Driven Clarity […]
Introducing RevFlow: Revolutionizing Revenue Accounting
Step into the future of revenue accounting with Docyt’s groundbreaking innovation, RevFlow. This cutting-edge, AI-driven solution revolutionizes the way businesses manage their revenue cycle. No longer just an assurance but a tangible reality – RevFlow transforms the tracking, collection, and optimization of every cent earned. Leverage the benefits of AI-powered automation with RevFlow, a new […]
February 2024 Product Updates
Compare Multiple Businesses with the Real-Time Portfolio Dashboard Now, there’s a quick way to see how all of your businesses perform (aside from pulling reports) on an easy-to-use dashboard. Users can compare multiple businesses by selecting the ‘Portfolio’ tab, then ‘KPI Dashboard.’ Toggle between time periods to run comparisons and easily share these dashboards with […]
Docyt: The Best Bookkeeping Software for Multiple Businesses
In today’s constantly evolving business landscape, navigating the financial aspects of multiple companies can feel overwhelming. For small and medium-sized business owners, especially those overseeing multiple ventures, a dependable, streamlined, and intelligent bookkeeping solution is a necessity. This is where Docyt comes in – an unrivaled, AI-driven accounting solution. Let’s delve into the reasons why […]
