Docyt AI icon

Docyt AI — AI Bookkeeping Tool

Review star icon 4.6 / 5 (from 38 reviews)
Ranking star icon Rated #30 in AI Bookkeeping Tools
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Docyt AI screenshot #1
Docyt AI screenshot #2

What is Docyt AI?

Docyt AI is an accounting automation platform that uses artificial intelligence to handle bookkeeping tasks for businesses. It provides finance teams and business owners with real-time financial insights, automates expense management, and offers continuous revenue reconciliation to improve financial accuracy and decision-making.

What sets Docyt AI apart?

Docyt AI stands out with its real-time financial insights and continuous reconciliation, giving businesses instant access to their financial health. It connects with over 40 revenue systems, making it invaluable for companies dealing with multiple payment processors. Franchise owners and multi-location businesses find Docyt AI particularly useful for managing complex accounting across entities from a single platform.

Docyt AI Use Cases

  • Automate expense management
  • Real-time financial reporting
  • Streamline revenue reconciliation
  • Accelerate month-end close
  • Multi-entity accounting

Who uses Docyt AI?

Features and Benefits

  • Feature icon Automated Revenue Accounting
    Docyt AI pulls data from your POS system and continuously reconciles revenue, providing real-time visibility into daily earnings and profitability metrics.
  • Feature icon AI-Powered Transaction Categorization
    The system uses AI to automatically categorize more than 80% of common transactions, with generative AI handling the remaining 20% that typically require human review.
  • Feature icon Multi-Entity Reporting
    Docyt AI allows you to run multi-entity operations from a centralized platform, offering consolidated financial reports and the ability to drill down into individual entities.
  • Feature icon Industry-Specific KPI Tracking
    The platform connects with 30+ business management systems to pull financial and non-financial data, enabling the generation of live reports on industry-specific metrics and KPIs.
  • Feature icon Automated Expense Management
    Docyt AI streamlines expense-related tasks including bill pay, credit card reconciliation, expense reports, and vendor payments, reducing manual workload.

Docyt AI Pros and Cons

Pros
  • Circle checkmark icon Automates bookkeeping and receipt capture
  • Circle checkmark icon Integrates seamlessly with QuickBooks
  • Circle checkmark icon Provides real-time financial reporting
  • Circle checkmark icon Offers bill pay and expense management features
  • Circle checkmark icon Uses AI to categorize and reconcile transactions
  • Circle checkmark icon Securely stores and shares financial documents
  • Circle checkmark icon Supports multiple business entities
Cons
  • Cross icon Learning curve for initial setup and customization
  • Cross icon Occasional delays in customer support responses
  • Cross icon Some users report occasional bugs or glitches
  • Cross icon Higher cost compared to basic accounting software
  • Cross icon Limited integration with non-QuickBooks systems
  • Cross icon Offshore support may lead to communication challenges
  • Cross icon Mobile app functionality could be improved

Pricing

Impact $299/mo
  • Circle check icon Docyt AI Companion
  • Circle check icon White Glove Onboarding
  • Circle check icon RevFlow
  • Circle check icon ExpenseFlow
  • Circle check icon ClosingFlow
  • Circle check icon InsightFlow
  • Circle check icon Multi-Entity Accounting
  • Circle check icon Bookkeeping Email Support
  • Circle check icon Dedicated Bookkeeping Expert
  • Circle check icon Business Key Performance Indicators
Advanced $499/mo
  • Circle check icon Docyt AI Companion
  • Circle check icon White Glove Onboarding
  • Circle check icon RevFlow (up to 3 revenue systems)
  • Circle check icon ExpenseFlow (up to 100 bills/month)
  • Circle check icon ClosingFlow (up to 250 custom chart of accounts)
  • Circle check icon InsightFlow
  • Circle check icon Multi-Entity Accounting
  • Circle check icon Bookkeeping Email Support
  • Circle check icon Dedicated Bookkeeping Expert
  • Circle check icon Business Key Performance Indicators
  • Circle check icon Budget Setting
Advanced Plus $799/mo
  • Circle check icon Docyt AI Companion
  • Circle check icon White Glove Onboarding
  • Circle check icon RevFlow (up to 5 revenue systems)
  • Circle check icon ExpenseFlow (up to 150 bills/month)
  • Circle check icon ClosingFlow (unlimited chart of accounts)
  • Circle check icon InsightFlow
  • Circle check icon Multi-Entity Accounting
  • Circle check icon Bookkeeping Email Support
  • Circle check icon Dedicated Bookkeeping Expert
  • Circle check icon Business Key Performance Indicators
  • Circle check icon Budget Setting
  • Circle check icon Advanced unit economics alerts
  • Circle check icon Benchmarking of KPIs
Enterprise $999/mo
  • Circle check icon Custom pricing
  • Circle check icon Additional User Licenses
  • Circle check icon High Volume of Transactions
  • Circle check icon Unlimited Chart of Accounts
  • Circle check icon Multiple Businesses
  • Circle check icon Multiple Revenue Systems
  • Circle check icon White Glove Onboarding
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