Sage Intacct 2021 R2 Overview
Sage Intacct 2021 Release 2 will continue to help transform the way organizations work by providing features that enable users to work from anywhere and do it smarter and more efficiently than ever.
Read on to see our top features, video overviews from Sage Intacct product managers and learn all about the awesome updates and improvements coming to the cloud financial solution you know and love!
Sage Intacct 2021 R2 Top Features
- Intacct Fundamentals Course is now on-demand and FREE for everyone, with the Learning Center portal available to access with a couple clicks from your Intacct homepage.
- Journal Entry Approval enhancements (email notification frequency, attachment access, and name of pending approver).
- Three-way matching early adopter program available: if vendor invoice, purchase order, and receipt matches, a bill is created for payment.
Sage Intacct 2021 R2 Review
Sage Intacct 2021 R2 Spotlights
Sage Intacct 2021 R2 By Module
Accounts Payable
- Vendor bank file details: Vendor bank file details are now available for use in custom reports.
- Eliminate payment confusion: Print your company information at the top of remittance information.
- Changes to the AP ledger report: There are several new changes to ledger reports in AP.
Accounts Receivable
- Changes to the AR ledger report: There are several new changes to ledger reports in AR.
- Customer drill-down from Aging Report: Now you can drill-down to the customer details directly from the Customer Aging Report to view customer information without leaving the report.
Cash Management
- Automatic downloads for bank feeds is now available to everyone! Reconciling with bank feeds just got even easier.
- Improved visibility for bank feed transactions: View all bank feed transactions for one account on the account record page.
- GL posting details tab: Now appears on even more CM transactions.
- The ability to connect multiple accounts to bank feeds at once is now generally available! Use only one login for a more stable connection.
- Use matching rules to match incoming transactions: For a more robust, flexible matching experience, set up matching rules.
- Reconciliation enhancements: New permission to ignore bank transactions and more.
- Reconciliation matching history remembered: Shave time off re-reconciling.
- Vendor Payments usability enhancements: We enhanced the electronic payments experience with Vendor Payments powered by CSI based on feedback from you. Now you can enable and refresh selected vendors in bulk, refresh vendor and checking account subscription statuses, perform actions on multiple payment requests, and more!
Contracts
- Save time maintaining billing price lists: You can now import billing price lists via CSV import templates.
- Add bill-to contacts to contract lines: Use new contract line fields to specify bill-to contacts now for operational reporting or to prepare for future invoicing flexibility.
- Separate button for project revenue calculation: We've separated project revenue recognition calculation and scheduling from Preview entries, giving you more control over your project revenue schedules.
- Expanded support for clearing the last MEA allocation: You can now clear the last MEA allocation for MEA allocations that include contract lines that use Predefined percentages revenue recognition.
- Smarter contract line Renew field: When the contract has Renew set to true, the contract line Renew field defaults to true instead of false.
- Keep Contracts reclassification data clean: New Contracts subscriptions will require that each item GL group/customer GL group posting configuration combination have eight unique GL accounts.
- Edit MEA revenue schedule validations: To maintain data integrity, you can no longer edit revenue schedules to move amounts scheduled between MEA allocations to a date outside of the effective MEA allocation range.
Company
- Checklist updates: We've added import and export options, creating dependencies between assignments, and added finer control over who can update checklists!
Dashboards and Insights
- See the status of book close: We’ve created a new dashboard component that shows the close status for your books.
Construction
- Construction Early Adopter program expands functionality: Now includes the ability to identify the impact of changes on project costs and pricing and to capture project price changes in Order Entry (OE).
- Capture project price changes in Order Entry: Create source and change order transaction definitions in Order Entry (OE) to capture project price changes.
- Identify how changes can impact project costs and pricing: Use change requests to capture how changes impact your project profitability.
Projects
- Mark corporate credit card transactions as billable and include in project invoicing: Now, when you mark corporate credit card transactions as billable to a project, those transactions flow directly from Cash Management to project invoicing.
- New permissions allow project managers to change their own draft project invoices: Assign new project permissions to project managers so they can edit or delete their own draft project invoices.
General Ledger
- View attachments from the Approval list: To streamline viewing attachments when approving transactions, you can now see whether a submission has attachments directly from the Approvals list.
- JE approval notification frequency: Administrators can set the notification frequency for journal submissions. Approvers then receive notifications for pending approvals. By setting the frequency to notify approvers to daily, weekly, or at the end of the month, email clutter is greatly reduced.
- GL Other Books default: We’ve added a way to define default other books for use in new reports, graphs, and performance cards. The default prefills alternate books when multiple reporting books are used, but can be changed to meet different reporting needs.
- Know your approver: Now there’s 'Submitted to' information in your Journal Entry history so you always know who owns the next action for approval.
- Outlier Detection evaluates Allocations: With this release, GL Outlier Detection capability is extended to all transaction lines. Now, each line in a transaction allocation is evaluated the same way that regular transactions are evaluated.
Inventory Control
- Expanded rules for negative inventory: Allow negative inventory by warehouse instead of turning it on system wide and have confidence that warehouse transfers follow the rule that is in place.
- GL insight on Inventory Control transactions: Save time and validate the GL posting for a transaction from within the transaction.
- Additional attributes for items: We enhanced items with over 40 new fields to define more characteristics, links to popular reports, and visibility into the bins in which bin-tracked items are located.
- Additional enhancements: Separate security for disassembling stockable kits New look for printed warehouse transfer Simplified price list imports Object names and IDs displayed on page titles for items and Inventory transactions ONORDER quantities prevented from going negative
Multi
entity
- New custom reports for inter-entity transactions: Now you can use the Interactive Custom Report Writer to run custom reports in the inter-entity transaction reporting area.
Platform & Customization Services
- Loop iteration enhancements: We made coding loop iterations easier by allowing you to use object integration names, adding condition parameters, and more!
Order Entry
- GL insight on Order Entry transactions: Save time and validate the GL posting for an Order Entry transaction from within the transaction.
- Offer alternate options for out-of-stock items: We extended item cross references so you can identify alternate items for items in the system to satisfy your customers needs with greater ease.
- Faster entry of sales transactions with tracked items: We added automatic lookup of serial, lot, and bin information to eliminate the work of manually finding and entering the information.
- Additional enhancements: Add and update items in price lists using a CSV import Navigate within an item or customer record or Order Entry transaction more easily with the object ID and name displayed in the page title
Purchasing
- Introducing three-way match: We're launching three-way match in the Early Adopter program. The Early Adopter program provides qualified functionality to a specific set of Sage Intacct customers who use Purchasing. If you'd like to consider being an early adopter, contact your account manager.
- GL insight on Purchasing transactions: Save time and validate the GL posting for a transaction from within the transaction.
- Reapproval enhancements: Use the new option to generate a reapproval cycle if any amounts in an approved transaction are changed, including subtotal amounts.
- Additional enhancements: Add and update items in price lists using a CSV import Navigate within an item or vendor record or Purchasing transaction more easily with the object ID and name displayed in the page title
Reporting—Standard
- GL Dimension reports: Retain the Year-to-date balances on the Dimension Balances report.
- GL Dimension reports: Multiple enhancements to the Dimension Balances report provide clearer selection options and better visibility into what’s included.
- UK-based balance sheets and income statements: Install UK-style balance sheet and income statements (P&L) directly from the reports library.
Reporting—Financial
- Financial Report Writer column type enhancements: Additional column type selections let you include several more budget/actuals comparisons for better insight.
- Rounding clarity: In Financial reports and graphs, the Rounding selection “In Dollars” was renamed “Whole number” for internationalization improvement.
Reporting—Advanced
- New time-related measures and attributes: We've added fiscal time-related measures and attributes to Interactive Custom Report Writer and Interactive Visual Explorer making it easier for you to create detailed reports and visualizations.
- Join reporting areas using SQL statements: Create a new report joining two or more existing reporting areas using the new advanced Custom tab in ICRW.
- Support for localized terminology: Interactive Custom Report Writer and Interactive Visual Explorer now support terminology across locales.
- New and enhanced reporting areas: We added more reporting areas and enhanced existing reporting areas to use with ICRW and IVE.
- Vendor bank file details: You can now create a custom report to view all your vendor bank file details in one place!
- Custom Report Writer enhancements: We streamlined how custom reports are run and added the option to show filters during output.
Web Services
- General Ledger now provides enhanced functionality when listing account balances by dimensions, including the ability to list budget data.
- In Contracts, you can provide Bill to contacts for individual contract lines. In addition, this release also provides enhanced validation and usability for contract billing price lists.
- In Inventory Control, warehouses can now be configured to support negative inventory. Also, over 40 standard fields have been added for items to enhance item data points and reduce the need to create custom fields.
- In Projects, you can mark credit card transactions as billable to a project so that those transactions flow directly to project invoicing.
- In Accounts Payable, partial exemption now enables you to reclaim a portion of your input VAT on purchases (United Kingdom).
- The Construction Early Adopter program now enables you to Identify how changes impact project costs with the new change request object. In addition, you can now manage changes to Order Entry agreements as the job progresses.
Sage Integration
- Usability enhancements throughout Budgeting and Planning: We’ve added enhancements to Sage Intacct Budgeting and Planning, as well as getting a shiny new URL.
- Sage Intacct Budgeting and Planning is an add-on application that offers a collaborative environment for creating and managing budgets. Talk to your account manager for more information.
Tax
- Convert to a multiple tax solution: Existing US customers can convert their companies to take advantage of our multiple jurisdiction tax solution for international transactions to calculate VAT and GST.
- Partial exemption support in Purchasing: We've expanded the ability for nonprofit organizations to reclaim VAT on qualifying purchases when using the United Kingdom - VAT tax solution.
Training
- Learning just got easier! Fundamentals training is now on-demand and free for everyone. Plus, you can access the Learning Center quicker from within Sage Intacct in just two clicks.
AND SO MUCH MORE!
See the comprehensive list of changes made in Sage Intacct 2021 Release 2 for all the details and in-depth descriptions of the changes coming to the product.
