AI and Compliance in Bookkeeping: Staying Ahead of RegulationsÂ
In today’s dynamic business landscape, staying on top of bookkeeping compliance requirements is critical. The financial world is forever evolving, and rules and standards are constantly changing. To help you overcome these challenges, innovative solutions are at the forefront of the industry. One such solution is Docyt, an AI company with sophisticated accounting software designed […]
Top 5 KPIs for Multi-Entity Hospitality Businesses
In the hospitality industry, triumph hinges on a strategic approach, especially when managing multiple properties. Vital to this strategy are Key Performance Indicators (KPIs), which offer invaluable insights into business performance and allow hospitality leaders to fine-tune a hotel’s operational performance and guest satisfaction. In this blog, we’ll explore 5 essential KPIs that can significantly […]
Docyt Shines at AAHOACON24 Tech Pitch Competition with Accounting AIÂ
This is an exciting year for Docyt as we attend one of the largest hospitality events of the year, AAHOACON24, held at the Orange County Convention Center in Orlando, Florida. This event brings together 6,000+ hotel owners nationwide to network, learn, and connect at the largest trade show floor. Docyt Team at AAHOACON24 This year, […]
5 Ways to Navigate the Top Tax Pitfalls for Multi-Entity Businesses
Running a multi-entity business is rewarding, but navigating the tax maze can feel like a challenging puzzle with ever-shifting pieces. These complexities can lead to considerable financial headaches and legal trouble down the road. It is crucial to grasp and pre-emptively tackle these hurdles to safeguard your business from making costly errors while filing taxes. […]
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 AIÂ
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?Â
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 […]
