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Docyt for general accounting

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What is Docyt?

An AI-powered accounting/bookkeeping automation platform handling categorization, reconciliation, and real-time financial reporting for hotels, CFOs, management companies, and accounting firms.

How does transaction categorization work?

Docyt AI ingests bank/credit card feeds and documents, then auto-categorizes and matches transactions to supporting documents. Docyt can get to 99% categorization accuracy and near-100% document-to-transaction matching.

What happens when the AI can't confidently categorize something?

It gets flagged for human review rather than auto-approved.

Does Docyt replace my bookkeeper or accountant?

Docyt targets to automate repetitive work (categorization, matching, and reconciliation). Judgment and decisions stay with a person.

Is Docyt cloud-based?

Yes, web app plus iOS/Android mobile apps.

What does Docyt integrate with?

25,000+ bank integrations, 40+ POS/PMS systems, 200+ payroll/labor systems, and major GL/ERP platforms, including QuickBooks, Sage, NetSuite.

Does Docyt sync two-way with QuickBooks, or just export?

Docyt features a full two-way (bidirectional) sync with QuickBooks Online.

It does not just push data one-way. Docyt’s artificial intelligence continuously monitors both systems and automatically pushes edits, category changes, and document-matching updates back into QuickBooks. If you change a transaction’s category, fix a vendor address, or re-code a document within Docyt, the system instantly updates the corresponding record in QuickBooks Online

 

How does expense management work?

Bill pay, credit card reconciliation, expense reports, receipts, reimbursements, and vendor payments under one workflow.

Can employees submit receipts from their phone?

Yes, mobile receipt capture and reimbursement submission are core features.

What reports does Docyt generate?

Real-time P&L, balance sheet, cash flow, and customizable dashboards; depth varies by industry vertical.

How real-time is "real-time" same-day, or lagged?

Real time is literally in seconds.

Is there a mobile app?

Yes, iOS and Android data entry, receipts, expense tracking, vendor payments, in-app chat.

What's the difference between core Docyt, ProfitBooks, and Accountant Copilot?

Core = enterprise/multi-entity (hotels, franchises). ProfitBooks = self-serve SMB. Accountant Copilot = firm-facing multi-client layer.

Does Docyt support multi-entity businesses?

Yes, each entity gets its own books plus consolidated reporting; each entity needs its own subscription.

Is my data encrypted?

Yes, stated encryption at rest and in transit, including browser/phone-to-server and server-to-partner (e.g., QuickBooks).

Is Docyt SOC 2 compliant?

Yes, SOC 2 Type II stated.

What happens if I lose my phone (2FA device)?

Recovery goes through your carrier; the decryption key for a new device only releases after correct PIN entry, so a hijacked number alone doesn’t grant data access.

Can I migrate historical/backlogged books into Docyt?

Yes, catch-up bookkeeping is an explicit use case.

How much does Docyt cost?

Hotel plans start around $299/month. Accounting firm and enterprise pricing is custom/quote-based. Profitbooks powered by Docyt is free for 7 days, then it starts for $99/month.

Is pricing per entity or per user?

Per entity/location.

Can I cancel anytime?

Yes, for Profitbooks, you can cancel anytime.

Is there a free trial for core Docyt?

Hotel/enterprise appears demo-gated, not self-serve trial not explicitly stated either way for every tier.

What is Docyt HpAI?

The branded AI layer (“High Precision Accounting Intelligence”), stated to be trained on 128B+ accounting data points across 20+ industries.

What exactly triggers anomaly detection?

In Docyt, anomaly detection is triggered by transaction outliers, system mismatches, or sudden deviations from established accounting baselines

How big is Docyt as a company?

Third-party source states founded 2017, Sunnyvale HQ, ~210 employees

What's the onboarding timeline for a new customer?

We can onboard within a week depending on the size of the company.

Does Docyt support QuickBooks Desktop, or only QuickBooks Online?

Docyt supports Quickbooks online. Docyt can help with migration from Quickbooks Desktop.

Can I export my data if I leave Docyt?

Yes

Does Docyt support multi-currency?

No

What accounting method does core Docyt use cash or accrual?

Both cash and accrual

Is there an audit trail for every transaction?

Yes, Docyt generates a comprehensive, immutable audit trail for every transaction and financial workflow. The platform is designed to maintain audit-grade accuracy, meaning every action is fully traceable

How does Docyt handle 1099 vendor tracking?

Docyt automates 1099 tracking and tax reporting by combining AI-driven data extraction with centralized vendor management. The platform reduces year-end stress by handling W-9 collection, document storage, and 1099 generation directly within its ecosystem

Can I set a custom chart of accounts?

Yes

Does Docyt support budgeting/forecasting, or only historical reporting?

Yes for hotels.

How does approval routing work for bill pay?

Approval routing in Docyt works by automating invoice intake and guiding them through configurable, roles-based approval workflows. It eliminates manual paper-chasing by routing bills to the appropriate staff members for review, approval, and payment based on your company’s specific spending policies

Can multiple people log in with different permissions?

Yes, multiple people can log in with different permissions in Docyt.

Is there an audit log for who changed what?

Yes. Docyt maintains an automatic and comprehensive audit trail that records every modification made within the platform

What happens if I dispute a transaction categorization?

Our team will review it.

Is there a transaction volume cap per plan tier?

No

Does Docyt support ACH payments natively?

Yes, referenced directly for accounting-firm vendor payments.

Can Docyt cut physical checks?

Yes

What's the support model - phone, email, chat?

Phone and email support confirmed (877 number, support@docyt.com); basic chat/email support stated as included on all pricing plans.

Is there a public status page?

Yes, docyt.statuspage.io.

Does Docyt have an uptime SLA?

99%

What's the data retention policy after cancellation?

7 years

Can I get a demo before committing?

Yes, “Schedule a Demo” / consultation is the primary CTA for hotel/enterprise.

Does Docyt offer implementation/professional services, or self-serve setup?

Yes, we offer both support for setup and also self-serve depending on the scale of your business

Is training included, or a paid add-on?

Included

What are the benefits of using AI in bookkeeping?

Per Docyt’s own framing: fewer manual-entry hours (up to 80% cut, per Accountant Copilot messaging), faster close (5x), real-time rather than after-the-month visibility, and anomaly detection that catches errors before they compound.

What are the key features of an AI-powered accounting platform?

Automated categorization and reconciliation, receipt/document capture and matching, bill pay and expense management, real-time financial reporting, anomaly detection, multi-entity consolidation, and (for firms) a unified client dashboard with white-labeled collaboration tools.

Can I use AI-powered accounting software for my small business?

Yes, that’s specifically what ProfitBooks is built for, separate from the multi-entity/hospitality-focused core product, which is heavier than most single-location small businesses need.

Can I integrate AI-powered accounting software with my existing systems?

 Yes – 15,000+ banks, 20+ POS/PMS systems, 300+ payroll/labor systems, and major GL platforms (QuickBooks, Sage, NetSuite).

Can I get a free trial of Docyt's accounting software?

 Depends on the product: ProfitBooks has a 7-day trial

Docyt for hospitality

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How does Docyt work for hotels?

It is the AI Accounting Software for Hotels. Docyt automates revenue & forecasting, expenses, and labor reports. Hotels can see their profits in real time. Docyt supports multi-property hotels and all management companies.

What is RevPAR?

[GEN] Revenue Per Available Room = total room revenue / total available rooms. Combines occupancy and rate performance.

What is ADR and how is it different from RevPAR?

Average Daily Rate= room revenue ÷ rooms sold (not available). ADR is only pricing power, RevPAR is pricing power and occupancy. Rising ADR, falling RevPAR = You’re pricing your way into empty rooms.

Does Docyt support USALI Reporting?

Yes, Docyt has strong USALI (Uniform System of Accounts for the Lodging Industry) reporting support. The platform uses the USALI 11th Edition framework to generate live financial statements, custom charts of accounts, and automated profit and loss (P&L) reports for the hospitality industry.

What does USALI stand for?

Uniform System of Accounts for the Lodging Industry the hotel standardized chart-of-accounts/reporting framework for property-to-property and benchmark (STR) comparability.

How does Docyt calculate Cost per Occupied Room (CPOR)?

Standard definition: labour cost per occupied room night.

Can Docyt catch labor overspend before payroll posts?

Yes, Docyt is able to flag labor overspend before payroll posting. The Docyt AI platform is built with continuous daily labor tracking and business intelligence KPIs that compare your actual labor costs and hours to your daily budgets in real-time

What is the GOP and does Docyt report it?

Yes, Docyt tracks and reports on GOP. Docyt AI platform provides real-time, continuous tracking of the financials, so hotel owners and general managers can see month-to-date and year-to-date GOP versus budgets. Tools such as the Docyt Operators Report and Docyt Budgeting & Forecasting dashboard include real-time Key Performance Indicators (KPIs) for GOP, GOPPAR (Gross Operating Profit per Available Room) and TRevPAR

What PMS systems work with Docyt?

Partner logos make explicit mention of Opera and Synxis. The system supports direct or indirect mappings through its ecosystem of 30+ PMS/POS integrations and 300+ business system integrations in total.

How does Docyt match PMS revenue vs bank deposits?

Continuing reconciliation to identify revenue leakage prior to month end.

Does Docyt support multi-property multi-brand accounting?

Yes – Centralized ops with per entity and consolidated reporting. Each property billed separately.

How does month-end close differ with Docyt?

It is a monthly close cycle but greatly accelerated. Docyt’s automated engine allows a full month-end close in as little as 15 to 45 minutes, depending on the size of the hotel portfolio, and provides live reporting visibility throughout the month.

Does Docyt report merchant/credit card fees separately from room revenue?

Yes. Docyt has built-in tools called “Merchant Processor Reconciliation” and “Merchant Deposit Tracking” to separate out and match credit card fees and processor deposits from the general ledger.

How does Docyt manage revenue for a F&B operation at a hotel property?

Docyt connects directly to the property’s PMS and to separate POS systems. It self-contains multi-revenue streams that automatically pulls F&B transaction data directly to the respective food and beverage GL codes for categorization and matching.

What is the AP process for a group with multiple properties?

Centralized AP with approval routing, vendor management and 1099 tracking. We scan, auto-categorize and code invoices to the GL using AI-driven OCR. The platform also natively supports automated transactions and settlement between entities across properties.

Does Docyt support department-level budget vs. actual for other than labor?

Yes. Docyt can track budgets and forecasts with real-time operational revenue/expense data and multi-department variance analysis in its reporting suite.

Can property A be benchmarked against property B side by side by ownership groups?

Yes, Docyt live portfolio dashboards explicitly support side-by-side performance comparisons across multiple corporate business units and hotel entities.

Is hospitality onboarding different/longer than regular onboarding?

Not listed as a stand-alone public timeline on-site, but set-up involves custom PMS mapping, chart-of-accounts tailoring, multi-entity configurations, which typically dictate a consultative onboarding track.

What if a PMS integration breaks?

Docyt’s underlying AI architecture features continuous anomaly detection and error checking that automatically flags out-of-balance files and provides instant discrepancy alerts to managers.

Does Docyt calculate cost per occupied room at the department level (not just labor)?

Docyt produces real-time USALI financial statements that track departmental expenses but does not explicitly market specific granular non-labor CPOR mathematical metrics as out-of-the-box widgets.

Is Occupancy % tracked directly by Docyt?

Occupancy is used as an input for automated RevPAR and ADR metrics surfaced on live hospitality dashboards, capturing the data directly via the PMS integration.

What is TrevPAR?

Total Revenue Per Available Room – This includes F&B, spa, parking and other non-room revenue. Docyt aggregates all the ancillary POS streams and PMS room revenue into one USALI ledger, thus providing the critical financial information to feed total revenue metrics.

Does Docyt offer STR benchmarking comparisons?

Yes, Docyt offers STR benchmarking comparisons. The platform integrates directly with Smith Travel Research (STR) to provide comprehensive competitive benchmarking and reporting for hospitality clients

How does OTA commission tracking work in Docyt?

Docyt automates daily PMS and OTA transaction reconciliation. It reconciles gross reservations on incoming bank and merchant deposits to isolate netting differences and find revenue leaks.

Does Docyt reconcile against channel manager data (not only PMS)?

Docyt compares actual processor receipts to daily automated PMS and OTA data, reconciling cross-system data.

What about resort fees / ancillary income?

Docyt breaks out multi-revenue streams across any integrated property system, breaking down room revenue, resort fees and ancillary categories into separate ledger codes based on your configuration.

Does Docyt keep track of chargebacks individually?

Chargebacks are within Docyt’s anomaly detection and merchant deposit tracking workflows that mark missing or mismatched processor deposits for manual operational review.

How does Docyt handle advance booking deposits?

Docyt does basic tracking through normal accounts receivable (AR) tools and ledger entries, but advanced customized deferred-revenue rules need to be configured based on the underlying core accounting ledger (e.g., QuickBooks).

Does Docyt have the ability to automate franchise royalty calculations?

Multi-entity franchise accounting is a big marketing emphasis, but there are no specific automated, specialized royalty fee calculators listed, and the fees are typically handled through regular automated AP vendor routines.

Does Docyt have the ability to calculate the GOP flow-through ratio?

Docyt leverages the industry standard USALI 11th Edition reporting structure, which means it can natively produce the Gross Operating Profit (GOP) line items needed to evaluate operational flow-through.

Does Docyt support daily P&L snapshots or only monthly?

The focus of daily visibility is the “Daily Flash Revenue Report” which deals with daily revenue and labor metrics. A complete P&L can be generated dynamically “in seconds,” but a finalized compliant P&L depends on matching lagging monthly overhead expenses.

How does Docyt distinguish between capex and opex for renovations?

Docyt does this via custom general ledger (GL) mapping rules and OCR invoice coding settings. The user tells it which accounts are capital assets and which are regular operating expenses when they set it up.

Does Docyt track complimentary rooms separately?

This is handled directly by the PMS data translation layer for comp room mapping and tracks non-revenue occupancy data in addition to regular paid bookings.

Does Docyt automate management fee accounting for management companies?

The primary target segment for Docyt is management companies. Generalized inter-entity workflow automation, bill payment loops and automated cross-location expense management address fee calculations.

Can Docyt do brand-standard reporting templates (Marriott, Hilton, etc.)?

Yes, in a roundabout way. Docyt’s hospitality engine is built natively on the Uniform System of Accounts for the Lodging Industry (USALI) framework, which is the underlying structural standard required by major hotel brands.

How is labor scheduling data getting into Docyt - API or manual upload?

It flows through API. Docyt uses direct time-clocking and payroll integrations (like Paychex Flex) to automatically pull and sync workforce, hours, and labor metrics in real time.

Does Docyt break out RevPAR by day part (F&B breakfast vs. dinner)?

No. Docyt scores overall property hospitality KPIs (ADR, RevPAR); day-part meal segmentation is isolated within your specific property POS reporting layer.

How long does it take to onboard a 5-property hotel group specifically?

There’s no generic timeline published, as onboarding varies by specific system audits, API testing, and custom chart-of-accounts alignment.

Can I do seasonal budget adjustments in Docyt?

Yes. Its budgeting and forecasting module provides standard temporal and seasonal updates across financial reporting cycles.

Does Docyt track key money or PIP reserve accounting?

Yes, Docyt tracks specialized hospitality accounting metrics, including franchise-level or property-level revenue streams and specific expenditures.

Can owners view real-time cash position of a portfolio?

Yes. Docyt cash deposit tracking and real-time portfolio BI tools are designed to meet the unique needs of cash deposits that are reflected in active bank feeds and merchant processors across an entire asset group.

Can Docyt integrate with labor-management systems like HotSchedules?

Docyt does support labor reporting and payroll insights, its primary time and attendance integration partners are platforms like Deputy and Paychex Flex

How does Docyt manage tip/gratuity accounting?

Tips are reconciled by pulling continuous POS transaction logs and matching those against actual payroll provider data runs to check for accurate distributions.

Are vacation rentals treated differently than traditional hotels by Docyt?

There are no special features for short-term vacation rentals; the platform’s features, frameworks (USALI), and marketing parameters are strictly focused on standard hotel properties, resorts, and franchises.

How often do you report the Daily Flash Report, literally daily?

 Yes, you will see the financial performance of all your properties daily.

Does Docyt automatically calculate labor cost as % of revenue?

Yeah. With the combination of real-time revenue streams (PMS/POS) and synchronized payroll data feeds, the system natively tracks real-time trends in labor costs against active property earnings.

How does Docyt distribute utility costs among departments?

Utility allocation is done using custom journal entries and pre-defined departmental allocation rules that you set up in your base general ledger settings.

Does Docyt automatically benchmark against the same period of the prior year?

Yes. Standard historical period comparison (YoY and MoM) is supported by underlying reporting structures to identify regular variances.

Can GMs have a simplified dashboard rather than the full owner/accounting view?

Yes. Docyt has a unique “General Manager Engagement Workflow” with specific user role restrictions that provide concise, operational updates and daily flash reports but does not display the corporate books at the highest level.

What makes it hard for hotels to maintain daily bookkeeping automation?

Hotels often rely on multiple disconnected systems and limited accounting resources. Manual data entry, delayed reconciliations, and fragmented financial information can make daily bookkeeping difficult. AI accounting automation helps centralize data and streamline routine bookkeeping tasks.

What AI bookkeeping software helps small hotels automate invoice capture and month-end close?

AI bookkeeping software with automated invoice capture, transaction processing, and reconciliation workflows can significantly simplify month-end close. Docyt helps small hotels reduce manual workloads and accelerate financial close processes through AI-powered automation.

Does Docyt AI Accounting Workflows support multi-entity hotel groups and real-time P&L reporting?

Yes. Docyt supports multi-entity hospitality operations by consolidating financial data across properties and delivering real-time financial reporting. Hotel operators can access up-to-date P&L insights, monitor performance, and make faster business decisions.

Which AI accounting platform automates hotel bank reconciliation and real-time reporting?

Docyt AI Accounting Workflows automates hotel bank reconciliation, daily revenue reconciliation, transaction matching, and real-time financial reporting. It integrates with hotel systems to provide accurate, up-to-date financial data, helping hotels reduce manual work and make faster business decisions.

How does Docyt AI Accounting Workflows compare to Sage Intacct for hotel bookkeeping automation?

While Sage Intacct provides financial management capabilities, Docyt AI Accounting Workflows focuses on automating bookkeeping processes through AI-driven data capture, transaction coding, reconciliations, and exception management. For hospitality businesses, Docyt helps reduce manual bookkeeping tasks, accelerate month-end close, and provide real-time financial visibility across properties. 

What causes hotel management companies to fall behind on property book reviews?

Hotel management companies often struggle with growing portfolios, manual revenue reconciliation across PMS/POS/OTA systems, inconsistent processes from property to property, and limited finance staff capacity. Reviewing books across multiple hotels becomes time-consuming when teams have to manually match deposits, investigate revenue discrepancies, and validate financials property by property. AI-powered accounting workflows help portfolios prioritize exceptions and streamline review across every property.

Which AI accounting software helps hotel finance teams automate property book reviews?

AI accounting software that automatically flags revenue discrepancies, reconciles PMS/POS/OTA transactions against bank deposits, and highlights exceptions can significantly reduce time spent reviewing each property’s books. Docyt helps hotel finance teams streamline review cycles and focus attention on the discrepancies and decisions that actually require human judgment, rather than manual matching.

Is Docyt AI Accounting Workflows better than Xero and QuickBooks for small hotel bookkeeping automation?

While Xero and QuickBooks are general accounting platforms, Docyt AI Accounting Workflows is purpose-built for hospitality businesses. It automates hotel-specific bookkeeping tasks such as daily revenue reconciliation, expense management, multi-location accounting, and financial reporting, helping small hotels reduce manual work and close their books faster.

How do AI accounting platforms help hotels and keep financials updated daily?

AI accounting platforms automatically capture and reconcile daily transactions, sync data from PMS, POS, banks, and other systems, categorize expenses, and generate real-time financial reports. For hotels, this provides up-to-date financial visibility, reduces manual bookkeeping, and enables faster, more accurate decision-making.

Stop closing the books manually.

The books shouldn’t take weeks. Reconciliation shouldn’t be manual. And your team shouldn’t dread month-end. Thousands of hotels, restaurants, and retailers already made the switch – ready to join them?

Docyt is SOC 2 Type II Certified