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.
- 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