Docyt vs mycloud Back Office

Docyt is a cloud ERP combining accounting, payments, and business intelligence for hotels, restaurants, retailers, and franchises. Its accounting suite automates revenue reconciliation, ongoing bank and card reconciliation, and month-end close on Docyt’s ledger. Payment tools include bill pay, corporate cards, receivables, vendor management, and budget controls. For reporting, it offers daily flash reports, USALI reporting, budgeting, forecasting, and scenario planning. Docyt connects to POS and business management systems to bring in revenue, customer, and transaction data, with integrations listed across hospitality, retail, restaurant, SaaS, ERP, and accounting systems. Its mobile app supports expense management, transaction categorization, revenue tracking, and financial reports. Docyt says data is encrypted at rest with AES-256 and in transit with TLS, and that customer data is not used to train models for other companies or sent to public models for training. The free Accountant Copilot plan includes AI categorization, bank and card reconciliation, month-end close automation, and QuickBooks Online integration. Profitbooks is $99 a month per entity, and a 7-day trial is listed.

mycloud Back Office is a hospitality accounting system for independent properties and hotel chains. Its modules cover sales and debtors, purchases and creditors, petty cash, bank reconciliation, general ledger, and financial reporting, with multi-property and department reporting. Purchasing tools create draft orders from reorder policies, recent purchase terms, or supplier quotations; inventory functions cover receiving, stock takes, and consumption tracking. F&B Costing compares actual use with recipe and menu sales expectations and can produce variance, menu engineering, and food-cost reports. A membership module records members and supports billing by membership type and optional services, with links to PMS, POS, and events and catering modules. The web-based system can be deployed on-site, at a chain data centre, or as a service. Transactions can include scanned supporting documents, and reports can be viewed onscreen or emailed. The maker lists a free trial and pricing from £8/mo, but its pricing page gives per-room monthly rates with a 20-room minimum and does not specify which Back Office plans include the product.