How to Properly Analyze and Improve Unit Economics, Part 3
Accurately analyzing and enhancing unit economics is non-negotiable for businesses aiming to achieve long-term sustainable growth and success. This process entails taking a deep dive into calculated metrics for two main reasons: (1) to determine the efficiency and profitability of each unit sold by getting down to the root causes of any positive or negative […]
Unit Economics: What’s a Good Ratio, and Why?
Unit economics is the one must-know concept for any business eyeing sustainability and progress. This article is the second in an informative three-part series about unit economics and adeptly answers the question: “What is a good unit economics ratio?” The first article provides a step-by-step guide on how to calculate unit economics, and the third […]
How to Calculate Unit Economics – Part 1 in 3 Part Series
The business world is dynamic, and navigating that terrain as a financial leader or business owner requires a firm grasp of your financial well-being – it is paramount to success. Out of all the factors to consider, and there are many, unit economics reign supreme as a pivotal measure that unlocks valuable perspectives on the […]
Tax Law and Accounting Challenges Solved with Docyt AI
Navigating the complex landscape of US accounting & tax laws isn’t a walk in the park—it’s like a puzzle with many tricky pieces. Accounting firms face many challenges, from dealing with tons of paperwork to navigating regulatory hoops. This blog sheds light on the top hurdles the US accounting firms face and explains how AI-powered […]
Traits to Consider When Choosing Accounting Software for Multiple Businesses
Taking on the responsibility of owning and operating numerous businesses is no easy feat, yet it can yield great satisfaction. As a proprietor of a small or medium-sized enterprise, you are constantly searching for ways to streamline various aspects of your operations, particularly when it comes to managing finances. Choosing the optimal accounting software for […]
Docyt Shines at AAHOACON24 Tech Pitch Competition with Accounting AI
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. […]
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, […]
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 […]
