Unlock Your Credit Potential: How Integrating Docyt and Corporate Cards with Up to 5% Cashback Can Help Your Credit Score!
Using credit cards offers a number of benefits over cash-based payments. Better cash flow management, increased spending ability, and credit establishment are the most common reasons for credit cards. Corporate cards provide employees with a means to pay for business expenses incurred such as airfare, hotel, and dining. Corporate credit cards also help streamline employee […]
The KPIs You Need to Be Tracking in Quick-Service Restaurants (QSRs)
Are you a quick-service restaurant (QSR) owner or operator? If so, understanding the financials of your business is essential to success, but it’s not the only metric you should be tracking. The KPIs you choose to measure can have a major impact on your ability to make informed decisions and adjust your strategies in order […]
Employee Cards: The Simple Way To Manage and Collect Receipts
Many businesses require employees to incur various expenses such as hotel costs, airfare, and dining. However, managing these costs can be a time consuming task due to expense reports, reimbursement forms, and other administrative paperwork. Using corporate cards can help companies streamline and manage their employee expenses. Corporate credit cards can be useful for helping […]
How to Empower Your Business Controllers and Operators to Grow Your Gross Profits
The relationship between franchise owner and general manager can make or break an organization’s success. A foundation of mutual trust, respect, and communication must be established in order to facilitate an effective partnership. Both the owner and manager want to ensure the hotel is profitable, and they must work together in order to accomplish this […]
How to Protect Your Blank Check Stock Paper and Prevent Fraud
Picture this… You’re the owner of a successful deli that’s been in business for over 15 years. Every day you wake up, put on your apron, and get to work. You arrive early in the morning before dusk to make sure the kitchen is cleaned and prepped. Then you fill the registers with cash, check […]
Are You in Control of All the Credit Cards that were Created in the Name of Your Business?
Trust But Verify All Spending As a business owner, it’s crucial to strike the right balance between trust and oversight. On the one hand, it’s essential to trust your team and give them the autonomy they need to do their jobs effectively. On the other hand, it’s equally important to keep a close eye on […]
Top 3 reasons you should run your vendor reports monthly, quarterly and annually
Many of us can relate to how stressful paying bills can be. For small to medium-sized businesses, it’s crucial that they pay on time and have the cash flow to cover their expenses. A recent study reported that 32% of businesses could not pay their vendors, lenders, or employees due to insufficient cash flow. However, […]
Best Practices for Valuing and Selling Your Business
After careful consideration and several conversations with friends, family, and colleagues – you’ve finally come to the conclusion that it’s the right time to sell your company. Whether you’re moving into a different type of business, redistributing capital to another company, or retiring altogether, creating a proper valuation strategy is critical to understanding the value […]
Approval Controls in Accounts Payable Process: How to Involve Your Team
As a business leader, you understand the importance of implementing approval controls in your Accounts Payable process. It’s essential for preventing fraud and increasing accuracy. But how can you involve your team in this process? In this blog post, we’ll discuss the best strategies for getting your team involved with approval controls in Accounts Payable. […]
Applying for a Loan? Make Sure Your Personal Financial Statement is Up to Date to Get Approved!
What is a personal financial statement? A personal financial statement is a summary of your current financial health, including your assets, income, liabilities, and debts. It’s used to evaluate your overall financial situation and to help with your personal and business needs. It should include four primary elements: assets, liabilities, net worth, and income & […]
The Shift to Real-Time Accounting Visibility with Accounting Automation
The technological shift towards automation is changing the way companies do business. Accounting in particular is no exception. The problem is traditional accounting often involves mundane and repetitive tasks that require heavy oversight, manual work, and continuous review. This antiquated style of accounting tends to be ineffective due to mismanaged data-keeping practices and delayed record […]
Make smarter decisions for your business locations with consolidated cash flow reports
Are you a business owner or manager with multiple locations? Are you struggling to get a clear picture of how the cash flow is looking across all your entities? Consolidated cash flow reports can be a powerful tool to help you make smarter decisions for all your business locations. Why is cash flow important A […]
