Blog
Hotel accounting and business intelligence insights
Operator-first writing on revenue reconciliation, close engineering, payments, multi-entity finance and how AI actually works in the back office. 411 articles and counting.
12 Very Effective Ways To Use AI in Accounting
Hey there, accountants! We understand that the accounting field is forever changing, and keeping up with the latest technologies—in addit…
Why You Need to Know Your Real-Time Cash Flow at All Times
Cash flow is important, especially for small businesses. Not just any cash flow—we’re talking about knowing exactly what you have down to…
The Smart Approach to Data Reconciliation: Docyt’s AI & Machine Learning Solution
Artificial intelligence (AI) and machine learning (ML) are pivotal in the rapidly developing accounting and bookkeeping sectors…and the f…
15 ChatGPT Prompts for Savvy Accountants
Savvy accountants are keenly aware that keeping up with the latest technological developments is a necessary part of staying competitive…
The Hidden Cost of Manual Reconciliation: How Automation Can Save Your Business
Keeping track of finances is the most crucial aspect of business. However, it becomes a time-consuming nightmare when dealing with multip…
6 Ways Artificial Intelligence Can Enhance Franchise Operations
While the franchise model offers a blueprint for success, constant adaptation is key to staying ahead. Embracing artificial intelligence…
June 2024 Product Updates
ACCOUNTS PAYABLE Compliance Policy | New Rules & Restrictions Invoice Approvals 🛂 Docyt users can set up extra rules and restrictions fo…
Bridging Your Cash Flow Statement and Expense Management with AI
Managing expenses and cash flow is the lifeline to financial health, sustainability, and future growth. Understanding the relationship be…
Make This Your Last Bad Tax Season: Adopt AI for Taxes
Now that that whirlwind is over, it is time to take a deep breath and look ahead. The post-tax season always represents an excellent oppo…
AI’s Powerful Impact on Small Business Failure Statistics
Did you know that 90% of all small business start-ups fail? With that being said, small business failure statistics are much more than nu…
Data Reconciliation’s Role in Accounting: Exploring AI Payment Reconciliation
Data reconciliation in accounting is not at all a backstage activity; it’s a frontline warrior in the fight for financial accuracy and in…
Attention Accounting Firms: Will the IRS Use AI to Audit Your Work?
As the IRS adopts fast-moving artificial intelligence technology in full force, the face of public tax audits will undoubtedly change sig…
Does AI Impact the Future of Entry-Level Accountants?
From basic bookkeeping to advanced analytics, it has become very evident that AI technology is changing the accounting profession holisti…
In-House vs. Outsourced Bookkeeping for Accounting Firms
Deciding whether to outsource bookkeeping or keep it in-house is a common point of contention in many accounting firms. While both option…
May 2024 Product Updates
☀️ Summer is coming, which means it’s a great time for a mid-year financial check, and this month’s product updates are here to help you…
Leveraging Start-Up Cash Flow for Long-Term Success
Start-up businesses are dynamic and unique, especially when it comes to understanding your cash flow. As an entrepreneur, managing cash f…
The Future of Accounting is Here: AI Balance Sheet Automation
Are you tired of manually wrestling over those balance sheets? Well, good news, my friend, cuz times they are a-changin’, and there’s a n…
Advantages of Automated Bank Reconciliation with the Power of AI
Speed is everything in the world of finance. Automated bank reconciliation is changing how businesses manage their finances, transforming…
Docyt Named Top-Rated Accounting Software on Capterra’s Pricing Value Report – 2024
Docyt is proudly recognized by Capterra in the Capterra Value Report: A Price Comparison Guide for Accounting Software, highlighting the…
AI Insights into Profitability Maximization: Accounting vs Economic Profit
In any business, making money is the end game. Profitability is not a random goal; rather, it serves as a clear indication of a company’s…
How to Prevent Accounting Fraud with AI
Have you ever wondered why companies with seemingly robust accounting systems still fall victim to fraud? Accounting fraud is at an all-t…
Soft-Close Your Books Daily with Docyt
Closing the books is vital for nearly all businesses, ensuring every transaction is accounted for accurately. Traditionally, the books ar…
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 suc…
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 informa…