Why Accounts Payable Automation is a Must for Businesses Today
Accounting automation software can increase efficiency, which often translates to an increased profit margin. One of the departments ripe for automating is accounts payable. Automating AP reduces errors and saves time, yet many companies continue with their old system, reluctant to leave their comfort zone. Can artificial intelligence transform accounts payable? Many businesses remain stuck […]
Outsourced Accounting vs. AI-Powered Accounting Automation Software
Owning a business can be rewarding. After all, what’s better than seeing your dream come to fruition? But along with the rewards of being a business owner, there are also responsibilities; with one of the biggest responsibilities being accounting. Most business owners are not skilled accountants. Some have never even balanced a checkbook. Luckily, today’s […]
Optimizing QuickBooks® with Docyt’s AI-powered Accounting
As your business grows, your staff must be able to handle the increased demands of managing accounting tasks for multiple locations and accelerated transaction activity. Optimizing QuickBooks® is one of the most effective ways of dealing with increasing accounting workloads. While many apps like Bill.com integrate with QuickBooks®, none of the other QuickBooks® online integrations […]
The Benefits of Accrual Accounting for Business Owners
When you own a business, one of the most important decisions you’ll make is which accounting method to use. Generally, you have two choices; cash basis accounting or accrual basis accounting. Cash basis accounting is considered the easier of the two methods as transactions are recorded when money changes hands; accrual basis accounting, although more […]
Artificial Intelligence in Accounting: AI Dependency on Human Interaction
None of us are born with the innate ability to perform algebraic equations, drive a car, or balance a checkbook. Instead, we’re shown how to do those things, practicing until we get it right. Our brains act as computers, gathering information, processing it, and using it as the basis for further growth. Artificial intelligence, or […]
Current State of the Accounting Profession: Advancements Through Emerging Technologies
Whether you own a small or mid-sized business with multiple locations, are a corporate accounting executive in a large organization, or are a Certified Public Accountant, finances are always top-of-mind. Events such as the COVID-19 pandemic have disrupted business growth and created much uncertainty, generating greater demand for increased transparency. This has put pressure on […]
AI-Powered Accounting Automation Platform, Docyt, Successfully Completes SOC 2 Audit
Santa Clara, CA., Aug. 30, 2022 — Docyt, an accounting automation software platform that transforms bookkeeping for small-and-medium-sized businesses, today announced it has successfully completed a System and Organization Controls (SOC) 2 Type II audit, performed by Sensiba San Filippo, LLP (SSF). Developed by the American Institute of Certified Public Accountants (AICPA), the SOC 2 […]
What’s new in 2022: Simplify how and when you pay vendors with Docyt Payments
Docyt empowers you and your team to seamlessly make secure vendor payments from anywhere at any time. Pay vendors when you want, how you want, with easy payment options that can be authorized right from your mobile phone. Give trusted employees the ability to participate in processing vendor payments through secure access controls. Get notified […]
Simplify business management with Docyt’s real-time financial reporting features
Seeing the big picture makes business management easier. Docyt’s real-time reporting capabilities empower you and your GMs to make fast, better informed decisions, so you can manage your business better. Clearly see your revenue and expenses across all entities with up-to-date P&L reports. Drill down into sub-department costs. Control spending with accurate vendor reports. Increase […]
Real-Time Spending Reporting: See real-time spending across entities with Docyt’s vendor reporting
Real-Time Spending Reporting: See real-time spending across entities with Docyt’s vendor reporting Real-Time Spending Reporting: See real-time spending across entities with Docyt’s vendor reporting In this week’s short and sweet update, we’re excited to talk about Docyt’s vendor reporting feature. Drill down into vendor expenses across all entities, to see where your money is going. […]
What’s new in 2022: Manage all of your clients in one place with Docyt’s Practice Management
Moving between screens is so 2021. With Docyt’s “My Practice” and “Client Central” features, you can handle all of your client account needs in one place! On one screen you can assign tasks and see the big picture. This simplifies account management and makes you more efficient. Ready to go? Let’s get you set up! Featured […]
What’s new in 2022: Simplify vendor tracking with the Docyt Business Network
Understanding where money is going and how to keep costs down can make or break any company. The Docyt Business Network helps you simplify, streamline, and track your business vendor network, so you can see the big picture. Quickly locate invoices, pay vendors, and generate end-of-year 1099 reports without ever leaving Docyt. Want to know […]
