The Docyt Cheat Sheet For Business Owners

Use this cheat sheet to streamline your daily and monthly tasks.

Click here to download a PDF version of this cheat sheet.

Daily Tasks

• Check and respond to open items on your Task Dashboard.
• Respond to flagged transactions.
• Reconnect bank & credit card accounts if they become disconnected.
• Upload and approve invoices.
• Pay bills.
  •     Mark Invoices as Paid (if not paid through Docyt)
• Upload and approve credit card/ business receipts.
• Validate Revenue Data: Confirm revenue was uploaded from prior week in “Daily Reports”
• Non-Expense Withdrawals: For non-expense transactions such as owner equity deposits and/or withdrawals, you can attach documents from Business Mailroom to the transaction in Reconciliation Center.
• Verify & pay employee expense reports.    

Monthly Tasks

• Vendor Documentation: Upload vendors' W9 forms for simplified 1099 reports.
• Submit end-of-month statements. (Bank, credit card statements, etc.)
• Upload bank and credit card statements and do Bank feed verification.
• Journal Entries for balance sheet  accounts (excluding bank and credit card accounts).
  • Payroll journal entries.
  • Depreciation/Amortization journal entries.
  • Inventory adjustment journal entries.

As Needed

• Add employees' corporate cards to Docyt.
• Add new bank accounts.
• Add new credit cards.
• Maintain a clutter-free financial profile by archiving unused cards.

Access essential business reports whenever required:

• Reports
• SaaS Reports 
• Hospitality Reports
• UPS® Store Reports
• Quick Service Restaurants Reports
• Multi-Entity / Multiple Businesses