Sage Intacct 2023 R2 Changes
On May 12th, 2023, Sage Intacct will Release R2. 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 May 10th at 1:00 p.m. central time, ETHOSystems will hold a webinar on these new features. Please signup to attend our webinar here>>>
Company and Administration
| Added | Intacct now sends an email when a user is locked out: When a user is locked out of Sage Intacct, the user receives an email to let them know that they are locked out and that an admin can reset their password. |
| SIREN and SIRET now supported: Sage Intacct now supports SIREN and SIRET, unique identifiers for companies in France. | |
| New and updated permissions: We added new permissions for Accounts Payable, Accounts Receivable, General Ledger, Order Entry, and Purchasing. | |
| Updated | 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? |
| 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. |
Accounts Payable
| Updated | Pay from the Bills list: Save time by paying individual bills directly from the Bills list, in multi-currency companies. |
| Vendor list enhancement: Now when you drill into a vendor name from the Vendors list, the vendor information record opens. |
Accounts Receivable
| Added | Edit reversal dates: You can now edit the reversal dates on posted payments to correct information. |
| Apply credits and line level payments in bulk: Use the CSV import template to input payment and apply credit data, then import them into Intacct. | |
| Updated | Customer list enhancement: Now, when you drill into a customer name from the Customers list, the customer record opens. |
| Enhancement to dunning notices: You now have the ability to filter by customer group when sending dunning notices. | |
| Date format options for email templates: Send email with dates in your users’ preferred format. |
Cash Management
| Added | Bank transaction dating: Determine how bank feed transactions are dated by setting the time zone on the bank account in an Early Adopter program. |
| Employee expenses from credit card transactions: Create non-reimbursable expenses from existing credit card transactions to speed up data entry. | |
| View more data from a bank feed transaction: New data fields are available on the Bank transactions list to show you even more information. | |
| Updated | Creation rules support inter-entity transactions: Save time reconciling by automatically creating IETs with creation rules. |
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 | Integrate Construction project contracts with change requests: Choose additional levels to link a change request or change request entries to a Construction project contract line. |
| Project commitment tab: Show all project commitments (purchase order and subcontract orders) within a project. You can then examine the linked project order documents. | |
| Reverse conversions in Purchasing: Enter opposite values on entry lines when converting a purchase order or subcontract document. | |
| Summarize time and materials billing for Construction project contracts: Summarize all expenses for a Construction project contract line to a single entry on the project contract invoice. |
Contracts
| Added | Use kits for product bundles: Combine two or more products or services in a package deal using kit items and invoice the kit as a single line item. |
| New Sample contract invoice printed document templates: Download and customize these sample invoice printed document templates tailored specifically for contract invoices. | |
| Updated | Improved user interface gives more insight into renewals: New fields in the user interface and reports show when your contract renewals are expected to occur. |
Dashboards
| Added | Role-based dashboards for Service Industry: Companies using the Service Industry QuickStart can take advantage of new role-based dashboards. |
General Ledger
| Added | Lock closed periods: You can lock a closed period to ensure that your records for the period do not change, and so remain in agreement with reports you produce for the period. |
| Include subledger transactions in your audit trail: Set up your audit trail to include changes to transactions posted from a subledger. |
Inventory Control
| Note | 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. |
Nonprofit
| Added | New reports for the UK: Install UK-style balance sheet and statement of financial activities directly from the reports library. |
Order Entry
| Added | Greater control to give employee users permission to view transactions: Use expanded permissions to increase your organization’s efficiency without added expense. |
| Note | 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. | |
| Specify location and department in subtotals at the top level: For companies that have upgraded from being a single-entity company to multi-entity, enable a new configuration option that lets you set these dimensions in the subtotals. Continues to be available under Early Adopter program. |
Payroll
| Added | Sage Intacct Payroll powered by ADP is now generally available: Sage Intacct Payroll is a best-in-class payroll and human capital management (HCM) solution that integrates seamlessly with Sage Intacct. |
Purchasing
| Added | Greater control to give employee users permission to view transactions: Use expanded permissions to increase your organization’s efficiency without added expense. |
| Note | Specify location and department in subtotals at the top level: For companies that have upgraded from being a single-entity company to multi-entity, enable a new configuration option that lets you set these dimensions in the subtotals. Continues to be available under Early Adopter program. |
Reporting – Advanced
| Added | Interactive Custom Report Writer (ICRW): Updates to ICRW allow you to quickly access customized views with the View Selector, and take advantage of enhanced runtime prompt functionality with Run Interactive prompts. |
Reporting – Financial
| Updated | Drill down through account groups: You can now drill down through account groups to transaction level details. |
Taxes
| Added | TPAR for Australia: Use Sage Intacct to generate your Taxable payments annual report, based on payments made to applicable vendors. |
Time and expenses
| Added | Sage Intelligent Time enhancements: Track employee time across multiple entities and sync data in real time. |
| Employee expenses from credit card transactions: Create non-reimbursable expenses from existing credit card transactions to help eliminate reconciliation. |
User Experience
| Added | More information is available on the Subscriptions page: You can learn more about specific subscriptions from within Intacct. |
| Updated | Lists enhancements: Get key improvements to more easily drill down to view required data. Learn more about the enhanced list features. |
| We updated more import templates: We’ve updated three more import templates the Excel format for ease of use. Learn more here! | |
| Updated user interface labels: We updated labels in Consoles and Contracts. 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. |
