FAQ from Docyt
What is Docyt?
Docyt is the first AI-native bookkeeping platform engineered specifically for multi-entity businesses. It replaces fragmented systems and manual consolidation with a single, intelligent layer that auto-reconciles transactions, enforces financial consistency across entities, and delivers real-time consolidated insights—without requiring custom coding or ERP integrations.
How does Docyt deliver real-time insights?
By continuously ingesting and normalizing data from banks, payment processors, ERPs, and POS systems, Docyt builds a live financial graph. Its AI engine runs daily reconciliation, variance analysis, and predictive cash flow modeling—surfacing actionable intelligence through dashboards, alerts, and natural-language summaries via GARY.
How does Docyt handle intercompany transactions and eliminations?
Docyt automatically identifies intercompany activity using entity tagging, relationship mapping, and rule-based matching. It generates elimination entries, flags mismatched balances, and maintains full traceability—ensuring GAAP/IFRS-compliant consolidated reporting with zero manual intervention.
Can I customize consolidation logic for my group structure?
Yes. Docyt’s configuration studio lets finance leaders define consolidation hierarchies, currency translation methods, equity-method accounting rules, and custom roll-up logic—all without developer support. Changes propagate instantly across historical and future periods.
Does Docyt support multi-currency and multi-jurisdiction tax reporting?
Absolutely. Docyt applies real-time FX rates, auto-calculates jurisdictional tax liabilities (VAT, GST, sales tax), and exports compliant reports—including statutory financials, transfer pricing documentation, and local tax filings—by country or region.
What level of AI transparency does Docyt provide for audit purposes?
Every AI decision—including classification, reconciliation, and anomaly detection—is accompanied by an auditable rationale: source documents, confidence scores, rule references, and human-in-the-loop approval history. All outputs are exportable as PDF or Excel with embedded metadata for external auditors.