Docyt Blog

Accounting Resources for Small Business Owners

96 articles

Accounting

The Hotel Month-End Close Checklist Most Controllers Are Missing

It’s the 25th of the month, and close still isn’t done. The trial balance is close, but not exact. Someone is still waiting on an OTA pay…

Jul 27, 2026 · 4 min read
Accounting Resources for Small Business Owners

The Day You Stop Needing a Bookkeeper: Introducing ProfitBooks by Docyt for SMBs

There is a point in many businesses when the paperwork starts growing faster than the business itself. At first, keeping records feels ma…

Jun 12, 2026 · 3 min read
Accounting Resources for Small Business Owners

The End of the Bookkeeper Era for SMBs: Manage Your Books Yourself in Minutes with Profitbooks

After decades of making bookkeeping easier, faster, and more automated,AI bookkeeping has finally begun delivering what generations of SM…

Jun 10, 2026 · 4 min read
Accounting Resources for Small Business Owners

Restaurant Profitability Analysis: How to Identify and Fix Common Profit Gaps in 2026

Restaurants rarely face a single clear failure point. Profit loss builds through a number of disconnected decisions; each one small, each…

May 27, 2026 · 6 min read
Accounting Resources for Small Business Owners

AI Bookkeeping for Small Businesses: Is It Worth It in 2026?

AI bookkeeping is no longer about replacing accountants. It’s about reducing manual work, improving accuracy, and helping businesses stay…

May 13, 2026 · 3 min read
Accounting Resources for Small Business Owners

The Hidden Growth Advantage for Small Businesses: Daily & Weekly Financial Visibility

Revenue is always moving. It changes every day. Yet many small businesses still review their numbers only once a month. Sales post on Tue…

Mar 5, 2026 · 4 min read
Accounting Resources for Small Business Owners

The Hidden Costs of Traditional Bookkeeping in Franchise Operations

Traditional bookkeeping for franchises is often a hybrid of manual operations, local systems, and generic tools paired with off-the-shelf…

May 29, 2025 · 4 min read
Accounting Resources for Small Business Owners

Top Signs Your Retail & E-commerce Business Needs AI Bookkeeping

In the early days, retail and e-commerce bookkeeping is simple and manageable. Transactions are straightforward, expenses are limited, re…

Mar 18, 2025 · 4 min read
Accounting

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, a…

Feb 24, 2025 · 5 min read
Accounting Resources for Small Business Owners

How to Choose the Best Bookkeeping Software for Your Industry

Bookkeeping is a fundamental pillar of any successful business. It helps you keep your financial records in order and comply with relevan…

Jan 15, 2025 · 3 min read
Accounting Resources for Small Business Owners

Bookkeeping for Quick Service Restaurants: Efficient Workflows from Day One

Starting up a Quick Service Restaurant (QSR) is always exciting, but managing finances can feel like a roller coaster ride at times. As y…

Oct 23, 2024 · 2 min read
Accounting

Bookkeeping vs Accounting Automation: Why You Can’t Have One Without the Other

In corporate finance, accounting and bookkeeping are two sides of the same coin. While their roles are different, effective accountancy c…

Oct 8, 2024 · 2 min read
Accounting Resources for Small Business Owners

Tailor-Made for Retail: Docyt’s AI-Powered Bookkeeping Solution

Running a retail business comes with unique financial challenges, like managing inventory and tracking sales and expenses. What if you ha…

Sep 26, 2024 · 1 min read
Accounting Resources for Small Business Owners

AI-Powered Pet Business Accounting with Seamless Gingr Integration

Running a pet business is more than just operating a temporary home for furry friends; it involves juggling finances, complex scheduling,…

Sep 24, 2024 · 2 min read
Accounting Resources for Small Business Owners

Restaurant and Hotel Bookkeeping Software Designed for the Industry: Optimize Your Hospitality Business with Docyt

As a proud hospitality franchise owner, you know firsthand the complexities of managing the finances of successful restaurants and hotels…

Sep 17, 2024 · 2 min read
Accounting

AI-Powered Accounting Software for Non-Accounting Corporate Professionals

When you think of Docyt, you might picture accountants and bookkeepers singing its praises. But what if we told you that, even among thos…

Aug 5, 2024 · 3 min read
Accounting

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…

Jul 10, 2024 · 4 min read
Accounting Resources for Small Business Owners

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…

Jun 14, 2024 · 2 min read
Accounting

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…

Jun 13, 2024 · 3 min read
Accounting

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…

Jun 6, 2024 · 4 min read
Accounting

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…

May 28, 2024 · 3 min read
Accounting

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…

May 14, 2024 · 2 min read
Accounting

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…

May 8, 2024 · 3 min read
Accounting

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…

May 7, 2024 · 3 min read
Accounting

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 financia…

May 6, 2024 · 3 min read
Accounting

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. Account…

Apr 24, 2024 · 2 min read
Accounting

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. T…

Apr 9, 2024 · 2 min read
Accounting Resources for Small Business Owners

AI Document Management Systems for Small and Medium Businesses

Antiquated physical filing systems can get out of control quickly, especially for small and medium-sized businesses facing space limitati…

Apr 1, 2024 · 4 min read
Accounting

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…

Mar 21, 2024 · 3 min read
Accounting

Introducing AI Revenue Reconciliation: Revolutionizing Revenue Accounting

Step into the future of revenue accounting with Docyt’s ground-breaking innovation, AI Revenue Reconciliation. This cutting-edge, AI-driv…

Mar 14, 2024 · 3 min read
Accounting Resources for Small Business Owners

Cash Receipt Management: An AI Guide for Small Business Owners

As a business owner, you are likely to be in the position of taking cash payments for goods or services. Given the propensity to handle c…

Feb 24, 2024 · 3 min read
Accounting

5 Key Trends Redefining Multi-Entity Accounting

For a long time, when someone thought of accounting, images of bulky paper files, time-consuming manual processes, laborious tasks, and m…

Feb 22, 2024 · 3 min read
Accounting

Introducing Docyt University: Level Up Your Accounting Skills

In today’s technology-driven world, Artificial Intelligence (AI) is at the forefront of reshaping accounting and financial management. Re…

Feb 22, 2024 · 1 min read
Accounting

Achieve Financial Clarity: Accounting Software for Businesses with Multiple Locations

Financial clarity and efficient accounting processes can no longer be mere goals for multi-location businesses. They are absolute necessi…

Feb 22, 2024 · 2 min read
Accounting

ClosingFlow: Making Your Month-End Close a Formality

In thе еvеr-еvolving world of financе, accuracy and еfficiеncy arе paramount. Staying ahead in a competitive environment requires a strat…

Feb 20, 2024 · 4 min read
Accounting

AI-Powered Tax Preparation: Simplifying Tax Time with Docyt AI

Tired of the annual tax season stress? Endless paperwork, complex calculations, and looming deadlines can make even the most organized in…

Feb 15, 2024 · 2 min read
Accounting Resources for Small Business Owners

5 Practical Generative AI Use Cases for Small Business Accounting

Managing every detail of your business is no small feat. As a small business owner, ensuring you have effective accounting practices in p…

Feb 14, 2024 · 4 min read
Accounting

AI Ethics in Accounting: Protecting Data Privacy and Compliancе

For the past several years, chatter about innovation or cutting-edge technology in the accounting field almost always includes the concep…

Feb 7, 2024 · 4 min read
Accounting

Is Automated Accrual Accounting For You?

As small to medium-sized business owners, we are all too familiar with the intricacies of accrual-based accounting practices and principl…

Feb 3, 2024 · 4 min read
Accounting

4 Tax Credits Every Multi-Entity Business Should Know About

The success of American businesses has been nothing short of a miracle. US firms account for 24.4% of companies on the Fortune 500 list,…

Feb 1, 2024 · 3 min read
Accounting

5 Ways Generative AI Tools Boost Ecommerce Accounting

Navigating a fast-paced e-commerce business requires not only agility but also precision. Often fraught with human error and inconsistenc…

Jan 19, 2024 · 3 min read
Accounting

Catch-up Bookkeeping: Avoid Falling Behind with AI-Automated Software

Are you a small business owner who finds yourself drowning in bookkeeping tasks? As your business grows, keeping up with the ever-increas…

Jan 16, 2024 · 3 min read
Accounting

Start the year off right: Key financial focus areas for multi-entity businesses in 2024

As we usher in 2024, multi-entity businesses find themselves at a crossroads with a unique opportunity to revolutionize their financial m…

Jan 15, 2024 · 3 min read
Accounting

Revenue Accounting: Reconciliation vs Recognition and Why it Matters

The ASC 606 and Revenue Recognition Principle Let’s start with a quick refresh of ASC 606. ASC 606, short for Accounting Standards Rule 6…

Jan 8, 2024 · 3 min read
Accounting

Introducing Docyt’s Innovative Dеposit Tracking Systеm

You are about to experience a seismic shift in how you manage your finances and trust us, you are going to love it! Wе’rе thrillеd to ann…

Jan 3, 2024 · 3 min read
Accounting

Understanding AI-Powered Document Data Extraction

In today’s digital agе, whеrе businesses thrive on streamlined workflows and еfficiеncy, thе rolе of documеnt еxtraction cannot bе undеrs…

Dec 19, 2023 · 4 min read
Accounting

Comparison: Manual to Automatеd Month-End Closе

Imaginе this: it’s thе еnd of thе month, usually you are dreading the day full of time-sucking tedious tasks, but not this time. You are…

Dec 13, 2023 · 3 min read
Accounting

Automating Revenue Cycle Accounting & Management with Docyt

Do you feel stuck in a seemingly endless stream of numbers, receipts, and bills? You are not alone. Most of us in the accounting professi…

Nov 13, 2023 · 2 min read
Accounting

AI-Powered Financial Reporting for Successful Dental Practices

To all of you dental practice owners, managers, or finance leaders in the dental world, let’s have a heartfelt conversation. You have hon…

Oct 5, 2023 · 4 min read
Accounting

Industries Leading the Way in AI Technology Integration: Who are the Thought Leaders?

If you’re an inquisitive soul always on the lookout for the latest technology, or perhaps an accountant or small business owner looking f…

Sep 28, 2023 · 3 min read
Accounting

How to Combat the Accountant Shortage with the Power of Artificial Intelligence

It’s no secret that accounting firms and internal finance departments alike have been overwhelmed and understaffed due to a declining num…

Sep 27, 2023 · 4 min read
Accounting

Smart Money Moves: AI-Powered Small Business Revenue Reconciliation

Are you tire­d of the never-e­nding hours sifting through countless numbers, attempting to re­concile revenue­ accounts for your small bu…

Sep 25, 2023 · 4 min read
Accounting

5 AI-Driven Strategies to Shield Your Business from Audits

As the year comes to a close, it’s crucial for small businesses to еnsurе their financial operations arе in impeccable order to successfu…

Sep 6, 2023 · 5 min read
Accounting

​​AI-Powered Expense Management Automation

If you’vе еvеr found yoursеlf drowning in a sеa of rеcеipts, invoicеs, and sprеadshееts, frеt not – thе еra of automatеd еxpеnsе managеmе…

Aug 31, 2023 · 4 min read
Accounting

Docyt’s Catch-up Bookkееping Guide for Small Businеssеs

Havе your businеss financеs takеn an unеxpеctеd dеtour into disarray? Are you grappling with how to catch up on bookkeeping? Don’t swеat…

Aug 22, 2023 · 2 min read
Accounting

AI Accounting Solutions Turbocharge Quick Service Restaurant Growth

Hеy thеrе, foodprеnеurs! Arе you rеady to sеrvе up somе dеlicious succеss for your quick sеrvicе rеstaurant (QSR)? Wеll, you’rе in for a…

Aug 10, 2023 · 3 min read
Accounting Resources for Entrepreneurs

Docyt’s Real-Time Financial Insights Dashboard: Get a Snapshot of Your Business Performance

July 2023 marks a special milestone for Docyt as we proudly unveil our much-anticipated Real-Time Financial Insights Dashboard. Now, our…

Jul 27, 2023 · 3 min read
Accounting

Franchise Owners Guide to AI in Back-Office Accounting

In today’s rapidly evolving technological landscape, advancements in AI are transforming various industries. What was once considered exp…

Jun 26, 2023 · 3 min read
Accounting

Elevate Your Bookkeeping with Artificial Intelligence Integration

Artificial Intelligence (AI) technology has come a long way over the past few decades. Starting with advancements in algorithms that mimi…

Jun 8, 2023 · 4 min read
Accounting

Crush the Client Advisory Services Game with Generative AI Accounting

You didn’t become an accountant just to be chained to spreadsheets and drowned in data. You had grand ambitions of making a real impact b…

Jun 6, 2023 · 4 min read
Accounting

Is Artificial Intelligence Here to Stay?

Artificial intelligence (AI) in accounting Since its inception, AI has been equally hyped and feared. Some believe that AI will lead to t…

Jun 1, 2023 · 3 min read
Accounting

How to Optimize the Month-End Close Process

The closing of monthly financials is a critical time for businesses of all sizes. During this process, all transactions for the month are…

May 30, 2023 · 3 min read
Accounting

Top 5 SMB Accounting Tasks You Can Automate with AI

The era of small businesses being at a disadvantage by not having access to technology or affordability is long gone! In fact, small and…

May 25, 2023 · 2 min read
Accounting

3 Efficient Bookkeeping Tips for Small Business Owners

As a small business owner, you know accurate bookkeeping is vital to the success of your business. You are also intimately aware of how t…

May 23, 2023 · 3 min read
Accounting

6 Bookkeeping Hacks That Every Small Business Owner Should Know

The Importance of Bookkeeping Bookkeeping is one of the most important aspects of running a business. It provides critical information th…

May 22, 2023 · 3 min read
Accounting

How to Improve Accounting Processes and Procedures to Save Time

Accounting is a field of repetition with very few one-time events. Many accounting tasks should be completed on a daily or monthly basis.…

May 18, 2023 · 2 min read
Accounting

How Can AI Help You Save Money on Accounting Costs?

Artificial intelligence (AI) accounting software can save you money by automating bookkeeping practices, intelligent reporting, documenta…

May 16, 2023 · 3 min read
Accounting

Benefits of AI-Based Bookkeeping for Small Business Owners

As small business owners know, time is limited and the work is plentiful. Fast-decision making is essential and access to key financial d…

May 15, 2023 · 2 min read
Accounting

5 Ways Artificial Intelligence Accounting Software Can Help Finance Teams Be More Proactive

5 Ways Artificial Intelligence Can Help Finance Teams Be More Proactive Incorporating automation and artificial intelligence into your ac…

May 11, 2023 · 2 min read
Accounting

AI in Accounting: 3 Reasons Why Accountants Should Care About and Adopt AI Now

Now more than ever, accountants need to care about AI. We hear it in the news. Generative AI is disrupting a multitude of industries from…

May 9, 2023 · 3 min read
Accounting

How Automating Journal Entries and Document Matching Brings Tax Time Relief

Benjamin Franklin once uttered the famous words, “Nothing is certain except death and taxes.” Over 200 years later, this sentiment still…

Apr 3, 2023 · 3 min read
Accounting

How Automating Expense Categorization Brings Tax Time Relief

The date of April 15th means one thing to most people – tax season is here. Although this time of year can be challenging, tax accountant…

Mar 31, 2023 · 3 min read
Accounting

How Automating Document Collection Brings Tax Time Relief

Tax accountants play the pivotal role of helping individuals and businesses file tax returns at local, state, and federal levels while ad…

Mar 29, 2023 · 3 min read
Accounting

Revenue Accounting – How to Increase Revenue for Multi-Location Businesses

Running a successful business can be a challenging undertaking for even the most experienced professionals. Managing revenues, recruiting…

Mar 27, 2023 · 3 min read
Accounting

Artificial Intelligence and Automation Work Together To Turbocharge Bookkeeping and Back Office Tasks

Although artificial intelligence (AI) is seemingly a recent phenomenon, its origins date back to the mid 20th century. In 1951, an AI-bas…

Mar 22, 2023 · 3 min read
Accounting

Revenue Accounting – How to Understand your POS Revenue Report

All companies have to generate revenue in order to be successful. Whether you’re a hotel, a restaurant, or a clothing store – revenue is…

Mar 21, 2023 · 3 min read
Accounting

What is Revenue Accounting and Why is it Important?

Earning cash and generating revenue is a fundamental aspect of doing business. Regardless of whether you’re selling hot dogs, clothing, o…

Mar 20, 2023 · 3 min read
Accounting

What are the Basics of Franchise Accounting?

As we previously discussed, franchising is a hybrid model that combines small business ownership with corporate oversight. The franchisor…

Mar 15, 2023 · 3 min read
Accounting

What is Franchise Accounting?

Franchises exist all around us, but you might not be aware of it. Whether you’re grabbing a sandwich at Subway, dropping off a package at…

Mar 13, 2023 · 3 min read
Accounting

Accounting Trends to Look Out for in 2023

The world of accounting has changed dramatically over the last few years. From the COVID-19 pandemic to an increasing focus on digitaliza…

Mar 10, 2023 · 3 min read
Accounting

Complex Multi-Location Expense Management Made Easy

Many people dream of building and scaling a successful company. However, expense management can be a challenge for owners with multiple l…

Mar 3, 2023 · 3 min read
Accounting

How Multi-Entity Financial Reporting Can Unlock Performance Insights

Managing multi-entity companies comes with inherent financial challenges. Each location, subsidiary, or operational entity has its own un…

Mar 3, 2023 · 2 min read
Accounting

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 cre…

Feb 20, 2023 · 3 min read
Accounting

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,…

Feb 17, 2023 · 4 min read
Accounting

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 b…

Feb 10, 2023 · 3 min read
Accounting

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, r…

Feb 8, 2023 · 2 min read
Accounting

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,…

Feb 1, 2023 · 2 min read
Accounting

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,…

Jan 30, 2023 · 3 min read
Accounting

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…

Jan 25, 2023 · 2 min read
Accounting

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 i…

Jan 17, 2023 · 4 min read
Accounting

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 fo…

Jan 16, 2023 · 4 min read
Accounting

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 asse…

Jan 16, 2023 · 3 min read
Accounting

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 probl…

Jan 16, 2023 · 3 min read
Accounting

Reasons You Need an Automated Payroll Solution

Managing payroll can be a tedious and time-consuming task. Fortunately, automation can make it much simpler and more efficient. With an a…

Dec 16, 2022 · 3 min read
Accounting

How to Strategically Build a Powerful Accounting Tech Stack

Technology has had a profound impact on the accounting profession. Today, several innovative technologies can help accountants streamline…

Oct 4, 2022 · 4 min read
Accounting

The Benefits of Accrual Accounting for Business Owners

When you own a business, one of the most important decisions you’ll make is which accounting method to use. Generally, you have two choic…

Sep 15, 2022 · 2 min read
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