Docyt Blog
Hotel accounting and business intelligence insights
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…
How Can Accountants Automate Data Entry?
Accountants can spend over 10 hours a week performing manual data entry tasks – this adds up to more than 500 hours yearly. Whether they’…
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…
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…
How Will ChatGPT Affect the Future of Accountants and Bookkeepers in 2024
If you’ve been online or active on social media in the past few years, chances are ChatGPT needs no introduction. As a mainstay of Americ…
Continuous Reconciliation Makes Month-End Closing Faster & Easier
Accounting is the job that’s never finished. As a small business owner this means preparing tax returns, reporting financial data, and pe…
Automated Financial Reporting and Statements for Your Tax Accountant
The tax season filing deadline of April 18, 2023 is right around the corner. If you’re a small business owner, that means it’s time to ca…
Multi-Location Accounting: Best Practices for Running Multiple Franchise Businesses
Successfully growing a franchise business is a team effort. Growth also leads to complexity, especially with your accounting. If you own…
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…
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,…
How Non-financial Metrics Help in Understanding the Overall Health of a Hotel Business
As a hotel owner or manager, it’s important to keep track of both financial and non-financial metrics in order to get a complete picture…
Gain Control with Strategic Department Budgeting with Live Financial Reporting
Large corporations are highly distributed. Profit incentives, shareholding structures, and financial success metrics are jointly owned by…
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…
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…
How Accountants & Bookkeepers Can Leverage Accounting Automation
Recent advancements in artificial intelligence have fueled media speculation causing people to wonder if AI could eventually replace huma…
Intercompany Transfer Reconciliation: Are Your Inter-entity Transfers All Tied Up and Reconciled?
Companies often have multiple subsidiaries or entities – and it’s probably more common than you think. Did you know Super 8 hotels are ow…
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,…
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,…
Learn the Benefits of a Consolidated Balance Sheet for Multiple Companies
Effectively owning and operating multiple companies requires having a team of knowledgeable individuals in place such as executives, mana…
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…
Best Bill Pay Solutions for Payments Made Via Credit Card, Check and ACH
Back in the day people only had a limited number of options when it came to paying for things. A few short decades ago cash was king. The…
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…
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…
3 Ways Docyt Can Help you Rotate Accounting Duties Among your Accounting Team
The importance of facilitating rotations As businesses grow and evolve, it becomes necessary for them to rotate accounting responsibiliti…