The Top 3 Accounting Metrics Every Hotel Owner Should Track
As a hotel owner, you’re no stranger to the usual revenue numbers and metrics (RevPAR, ADR, ROM, and Occupancy). They are the industry standard, the go-to metrics every property watches closely. But while these revenue metrics help you track performance, they’re just one part of the whole picture. Today, profitability is no longer driven solely […]
Is Your Hotel’s Accounting System Holding Back Growth? Here’s How AI Can Help Scale
Every hotel business that achieves stability in operations and profitability is built on the foundation of a strong and well-structured accounting system. However, the moment the business begins to scale, whether by opening new properties or expanding into new markets, that foundation can start to strain under complexity and buckle under the weight of increased […]
What Are AI Agents? How Are They Revolutionizing Accounting and Bookkeeping Today?
AI agents are advanced autonomous systems that use artificial intelligence to accomplish specific tasks. Powered by LLMs & Gen AI, they learn, adapt, and act based on real-time feedback and evolving conditions without needing constant human involvement. Think of AI agents as tireless mini-specialists who understand the goals, initiate actions, adapt to change, refine their […]
Real-Time Accounting: How AI is Eliminating Delays in Month-End Closures
Month-end closures have always been a high-stress, time-consuming process for finance teams. For most businesses, it still is. Accountants, when not equipped with the right tools, continue to wrestle with mountains of spreadsheets – hunting down discrepancies, reconciling accounts, and finalizing reports under tight deadlines. Even with the advent of cloud accounting, age-old problems such […]
How Docyt’s Real-Time Revenue Intelligence is Changing the Game for Hospitality Businesses
Revenue reconciliation is a constant battle in the hospitality industry. Payments arrive from diverse sources and do not always reach the bank as they should. Revenue streams get misposted, someone forgets to update the spreadsheet. Additionally, there are POS reports, cash collections, OTA settlements, credit card batches, and refunds that arrive at varying times and […]
Why Migrating to Docyt Is the First Step toward Smarter Accounting
From manual ledgers to spreadsheets, from accounting software to Automation, the accounting stack has come a long way. Each evolution made accounting faster, a little more structured, and much less manual than before. But today, the real bottleneck in rules-based traditional Automation isn’t just speed or efficiency. Even a 10% increase in speed or efficiency […]
How Docyt Bookkeeping Solutions Enhance Bank of America Customers’ Financial Management
There comes a point when the very banking tools that once seemed helpful start holding your business back. Banks like Bank of America offer a solid foundation—online banking, transaction tracking, cash flow monitors—but for a growing business, these features can quickly become limitations rather than solutions. Take, for example, the ability to sort online transactions. […]
The Tax Season Revolution: How AI is Changing the Game for Accountants
There was a time when tax season meant relentless spreadsheets, endless emails, and a mountain of numbers that never seemed to add up fast enough. To be fair, it still is. But we’ve learned to live with it. And now, everything is shifting. AI’s rapid transformation of accounting is set to redefine how tax accountants […]
Reasons Why Your Accounting Firm Needs AI-Powered Bookkeeping to Prepare for Tax Season
Doing the same thing every year and expecting a different result is essentially what tax season is for many businesses. It’s the annual promise businesses make: “This time, everything will stay organized.” And yet, when tax deadlines hit, it’s always the same last-minute scramble, unexpected headaches, and lost opportunities. Tackling Tax Season with AI-Powered Bookkeeping […]
Five Common Accounting Challenges for Multi-Location Businesses
No business operating across multiple locations escapes the complexities of multi-location accounting. Whether it’s a hotel business expanding from one location to a few, a mid-sized company managing regional branches, or an enterprise dealing with nationwide or global operations, accounting challenges follow at every stage. Multi-Location Accounting – A Challenge for Everyone A business that […]
How Real-Time Financial Reporting Tools Enhance Decision-Making for Accounting Firms
With the rapid rise of cloud computing and AI, every business can now access and leverage real-time financial insights. Yet, most small and medium enterprises still rely on periodic reporting methods and miss out on the immense benefits of real-time financial reporting. This gap is a huge opportunity for accounting firms wishing to deliver actionable, […]
Ace Your Loan Application – How to Get a Business Loan from Wells Fargo, Chase, or Citi Bank
Applying for a business loan can be incredibly stressful. You pour so much time and effort into gathering documents, crunching numbers, and perfecting your application, only to face the disheartening outcome of a denial. The fact that you need to start all over again can be overwhelming and frustrating. But this is precisely when you […]
