Sage Intacct R3 2023 Changes and Free Training Session

Sage Intacct 2023 R3 Changes

On August 19^th, 2023 Sage Intacct will Release R3.  With Sage Intacct, there are 4 releases each year and they are provided for all users running Sage Intacct.  This allows clients to always be updated, without having to pay their partner to apply the update.

If you want to preview a release before it’s generally available, please contact ETHOSystems to add you to the program.

On August 24^th at 12:00 p.m. central time, ETHOSystems will hold a webinar on these new features.  Please signup to attend our webinar here>>>

Company and Administration

Added	Configure the number of decimal places to increase data accuracy: Data Delivery Service now lets you configure the number of decimal places used in rounding your data.
	Coming soon: Enhanced email delivery service: Sign up to be an early adopter of our enhanced email delivery service that uses DKIM authentication!
Updated	Permission changes: We changed permissions for Accounts Payable, Cash Management, Purchasing, and Time & Expenses.

Accounts Payable

Added	Bill uploads for restricted users: Users restricted to entities or departments can now upload bills for AP Automation.
	Vendor approval: Verify accuracy of vendor record changes through an official review process.
	Inter-entity drill down link: Drill down to invoice details from a bill that was created through inter-entity bill back.

Accounts Receivable

Added	Bank transaction assistant: A new workflow to speed up and provide flexibility for Accounts Receivable and Cash Management users—Early Adopter
	Document sequencing for payments: Track payments more easily with document sequencing for Accounts Receivable payments.
	Single payments for multiple customers: We’re launching an Early Adopter Program to support single payments for multiple customers. This is useful when you receive a single payment, but need to apply the payment to from different customers.
Updated	Inter-entity drill down link: Drill down to invoice details from a bill that was created through inter-entity bill back.
	Enhancement to paying invoices: You can now pay individual directly from the list in companies where multiple currencies are enabled.

 Cash Management

Added	Bank transaction assistant: A new workflow to speed up and provide flexibility for Accounts Receivable and Cash Management users—Early Adopter
	New bank transaction import experience: Save time and increase control when you import bank transactions from a centralized location— Early Adopter
Updated	Pay employee expenses using bank files: Now, you can use bank files to reimburse employee expenses.
	UK bank files support EUR currency: You can now make bank file payments for UK  in the EUR currency.

 Consolidation

Added

Introducing partial ownership through tiered consolidation—Early Adopter: We’re previewing a new financial consolidation offering that supports different entity ownership percentages and multiple levels of consolidation through defined parent-subsidiary relationships.

 Construction 

Added	Do you vendors have the right compliance documents? Ensure that your construction vendors have provided the necessary compliance documents before you pay them.
Updated	Enhancements in Sage Field Operations: Recent enhancements save time in the office and provide more flexibility for mobile workers.

 

Contracts

Added

Do not defer! Recognize revenue on invoice: You now have the option to recognize revenue when a contract line is invoiced.

 

Dashboards

Added

SaaS Intelligence dashboard subscription: This SaaS metrics tracking dashboard is now available in Australia, Canada, South Africa, and the United Kingdom.

 

General Ledger

Added	Restrict GL transactions to the entity level: Set up your system so that GL transactions can be created only at the entity level, not at the top level.
Updated	Exclude adjustments from the Trial Balance report: A new option lets you choose whether or not the Trial Balance report includes adjustments.

 

Inventory Control

Added	Announcing Advanced Kit Assembly: Save time by automating kit building with the new Advanced Kit Assembly module in Sage Inventory Automation.
Updated	Improved prevention of negative inventory: Users can no longer backdate a transaction that would result in a negative inventory amount if you don’t allow negative inventory. Learn more

 

Payroll

Added

New Payroll features: We’re excited to announce several new features in Sage Intacct Payroll powered by ADP that will enhance human resources (HR) functionality, allow customers to better engage with employees, and save time and money in the hiring process.

 Purchasing

Added	Introducing match tolerance: Take control of outgoing payments with match tolerance and pay the proper amount for what you ordered.
	Vendor approval: Verify accuracy of vendor record changes through an official review process.

Reporting – Advanced

Added

Interactive Custom Report Writer (ICRW): New in ICRW, Apply XML allows you to modify ICRW custom SQL reports and retain all the formatting.

Sage Intacct Real Estate

Updated	More flexibility and control Sage Intacct Real Estate: We’ve made some changes to Sage Intacct Real Estate so that you have more flexibility and control when managing your business.
	Sage Intacct Real Estate—easier to use than ever: We’ve made improvements so that you can complete tasks quicker and with greater ease in Sage Intacct Real Estate.
	Greater visibility into your organization: Recent enhancements in Sage Intacct Real Estate provide greater visibility into your organization to help ensure that you’re always up to date with your business.

Taxes

Added

Preview your UK VAT return: Gain greater insight into your VAT return details with the VAT100 custom reports and dashboard.

Time and expenses

Added	Announcing Sage Intelligent Time embedded experience: Access Sage Intelligent Time directly from the Time and Expenses or Projects applications in Sage Intacct.
Updated	Bank files for employee expenses: Now, you can pay employee expense reimbursements with bank file payments.

User Experience

Updated	Lists enhancements: Get key improvements to more easily drill down to view required data. Learn more about the enhanced list features.
	Funds hidden from entity navigation When an entity is designated as a fund, the entity selection dropdowns hide the funds from view. Learn more!
	Updated user interface labels: We updated labels in Accounts Receivable, Cash Management, Company, and General Ledger. Learn more about label changes.

Web Services

Dev portal

Watch the Sage Intacct Developers portal blog to stay up-to-date on great new features in Web Services.