Docyt

What Is Docyt?

Docyt (pronounced like “docket”) is an AI-powered accounting automation software platform. It acts as a digital assistant for bookkeeping: it digitizes your financial information, automates repetitive work, and continuously checks that everything reconciles. The result is real-time accounting, with less expense and complexity for both businesses and the accountants who serve them.

The company is based in Silicon Valley, California, and emphasizes community, integrity, and data security, with privacy and data protection as stated priorities.

Who’s Behind Docyt?

Docyt launched on March 9, 2020, founded by co-founders Sid Saxena and Sugam Pandey. Its mission is to digitize financial data, automate workflows, and keep books reconciled in real time.

Key Features

Docyt covers a broad range of financial workflows, including:

• Multi-entity accounting
• Industry-specific unit economics tracking
• Departmental accounting and reporting
• Franchise accounting and reporting
• Catch-up bookkeeping for businesses that have fallen behind
• Fast month-end close
• Continuous revenue reconciliation
• Document extraction and understanding

It supports complete income and expense management in one place, with flexible plans and pricing that scale based on transaction volume, from basic needs to more advanced setups.

What Can You Do with Docyt?

• Enhance your existing QuickBooks setup
• Automate accounting tasks and expense management
• Handle the bookkeeping process end to end
• Use ExpenseFlow for expense management
• Use RevFlow for revenue reconciliation
• Use ClosingFlow to speed up month-end close
• Use InsightFlow for financial reporting
• Monitor key metrics via a KPI dashboard
• Access modules for various business operations

Who Is Docyt For?

Docyt suits businesses looking for:

• Fully automated bookkeeping
• Streamlined expense management
• Catch-up bookkeeping services
• Automated bill payments
• Corporate card management
• Revenue tracking from Point of Sale (POS) or Property Management System (PMS) sources
• Automatic transaction categorization
• Automated reconciliation processes