Sage Intacct 2022 R3 Changes
On August 19th, 2022 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 18th at 12:00 p.m. central time, ETHOSystems will hold a webinar these new features. Please signup to attend our webinar HERE >>
Company and Administration
| Added | New and updated permissions: We changed permissions for Accounts Payable. |
| Manage sandboxes: Users can now add, delete, and manage your company’s sandboxes. | |
| Migrate to multi-entity: We’re migrating select single entity companies to multi-entity companies with a top level. Will you be among the first to upgrade? | |
| Mask vendor data in audit trail: We added an option to mask vendor bank details in the audit trail. | |
| Updated | Name and ID your entity: We’re upgrading select single entity companies to multi-entity companies with a top level. Now’s your chance to name and provide an entity ID for your newly upgraded entity. |
| Balancing Funds for Nonprofits: The NFP QuickStart template has been updated to include Traditional Fund Accounting designations for entities. |
Accounts Payable
| Added | Open attachments in a split view: You can now open and view your attachments on the same screen as the bill. |
| Updated | Updates to AP advances: Create multi-currency advances, track advances easily throughout the workflow, control access with more specific user permissions, and more—all within a refreshed user interface. |
| Vendor Payments: Learn about the new enhancements to Vendor Payments powered by CSI. | |
| Expanding user ability: We expanded the abilities of Employee, Warehouse, Project Manager, and Platform users to make approving or declining an AP payment easier. |
Accounts Receivable
| Updated | Template enhancements: More customizations with template enhancements for invoices and customer statements. |
| Enhancements to Receive Payments: This release brings you a simplified workflow, more visibility into auto-apply settings, and updated sections and labels. |
Budgeting and Planning
| Note | Sage Intacct Planning: Sage Intacct offers an add-on module that greatly expands budgeting and planning capabilities. Learn more. |
| Sage Intacct Budgeting and Planning is an add-on application that offers a collaborative environment for creating and managing budgets.
Talk to ETHOSystems for more information. |
Cash Management
| Added | Auto-create even more transactions for reconciliation: Use creation rules to automatically create credit card transactions and save time during reconciliation. |
| Reconciliation transaction templates require IDs: Improve identification and organization of these templates by creating an ID. |
Construction
| Added | Duplicate project contracts: You can now duplicate both a Construction project contract in its entirety or duplicate a single project contract line with a corresponding project contract. |
| Import project contracts: Import Construction project contracts, and then import project contract lines and their corresponding entries, using new import templates for project contracts. | |
| Primary document workflow improvements: Any downstream documents converted or removed from the primary set document (up to 10) now includes the primary document keys, even if they were created or removed before setting up the transaction definition as the primary document. |
Contracts
| Added | Automatic invoice runs: Save time by using invoice policies to automatically schedule contract invoice runs. |
| Flexible contract renewals: You can now renew a termed contract to an evergreen contract. | |
| Updated | Guardrails for MEA allocations: Open revenue scheduled before a new MEA allocation effective date must now either be posted or rescheduled. |
| Standardized MEA adjustments: Intacct now handles MEA adjustments to Quantity-based revenue schedules the same way it handles MEA adjustments for other recognition methods. |
Dashboards
| Added | New role-based dashboards: Companies using the General and Nonprofit QuickStarts can take advantage of brand new role-based dashboards right out of the box. |
General Ledger
| Added | Per dimension in dynamic allocations: We’ve enhanced dynamic allocations to give you a per-dimension value in the setup. |
| Entity-level dynamic allocations: We’ve enhanced dynamic allocations to enable entity-restricted users access to allocations within their entities. |
Inventory Control
| Added | Populate subtotal dimension values: Use configuration options to control how to set dimension values at the top level in a multi-entity environment. |
| Simple Tax—Distribute entity-level subtotals: Use a configuration option to distribute the subtotals for transactions created at the entity level. | |
| Updated | Cycle count enhancements: You can now update the quantity on hand of the items in a count to reassess its scope. |
| Format changes for easier Inventory configuration: We moved a few configuration options to group them more intuitively. | |
| Fulfillment for sales orders: We’re continuing to offer fulfillment (Pick, Pack, Ship, and Invoice) in an Early Adopter program. | |
| Commit quantities during order entry: We’re continuing to offer the ability to dedicate quantities for specific orders in an Early Adopter program. | |
| Inventory item enhancements: We made some improvements to the item record and the import template:
· Behavior and label changes on the Inquiry tab · Replenishment label changes on the General tab · Columns for importing items enabled for landed cost distribution |
Nonprofit
| Added | Introducing Sage Intacct Mateo: Sage Intacct Mateo helps Diocesan organizations streamline and optimize their savings and loan programs. |
Order Entry
| Added | Include serial, lot, and expiration tracking details in sales invoices and returns: Learn about the new merge fields. | |
| Populate subtotal dimension values: Use configuration options to control how to set dimension values at the top level in a multi-entity environment. | ||
| Simple Tax—Distribute entity-level subtotals: Use a configuration option to distribute the subtotals for transactions created at the entity level. | ||
| Updated | Fulfillment for sales order management: We’re continuing to offer fulfillment (Pick, Pack, Ship, and Invoice) in an Early Adopter program. | |
| Commit quantities during order entry: We’re continuing to offer the ability to dedicate quantities for specific orders in an Early Adopter program. | ||
Platform and Customization Services
| Added | Platform triggers now generally available: Use platform triggers with both standard and custom objects to automate tasks. |
Purchasing
| Added | Populate subtotal dimension values: Use configuration options to control how to set dimension values at the top level in a multi-entity environment. |
| Simple Tax—Distribute entity-level subtotals: Use a configuration option to distribute the subtotals for transactions created at the entity level. |
Reporting—Advaned
| Added | We’ve added new time options to ICRW and IVE. It’s now easier to add custom time calculation columns for the comparative analysis of data over select time periods. |
| New objects and reporting area for Sage Intacct Construction: Subscribers to Sage Intacct Construction have more powerful reporting options with new objects in CRW and a new reporting area in ICRW and IVE. |
Taxes
| Added | Change Avalara AvaTax company code: Administrators can change and update the assigned Avalara company code for an entity. |
| Canadian input tax credit and other partial exemption improvements: Reclaim taxes for purchases under the Input Tax Credit (ITC) rules with partial exemption. | |
| Set default tax solutions: Assign a default tax solution to a customer or vendor to be used when you create transactions. | |
| Updated | Updates for multitax companies and tax solutions: Check out our most recent improvements and updates for VAT and GST standard tax solutions. |
User Experience
| Added | The future in lists: Get key improvements to more easily drill down to view required data. Learn more about new list features. |
| Updated user interface labels: We updated labels in Accounts Payable and Inventory Control to improve clarity, accuracy, and consistency. Learn more about label changes. | |
| Learn Intacct as you use it: New page tours show key concepts for basic accounting tasks to help new users get up and running. |
Web Services
| Dev portal | Watch the Sage Intacct Developers portal blog to stay up-to-date on great new features in Web Services. |
If you have any questions about Sage Intacct for Constuction and Real Estate, please contact us at ETHOSystems. We look forward to helping you explore your accounting and financial software options.
