Just In! Sage Intacct 2021 R4 now available.
Improved GL Outlier Detection
As journal entries make their way through Sage Intacct, GL Outlier Detection leverages machine learning to analyze your historical transaction patterns, evaluate transactions during the approval cycle, and proactively notify approvers of transactions that don’t match the regular pattern and may justify further investigation.
Improved Bank Feed Matching Rules
Improved Grouping Capabilities
Previous versions allowed you to group only transactions in Sage Intacct. Now, you can also group bank transactions. This added capability gives you the power to group one-to-many, many-to-many, and many-to-one matching to cover more reconciliation scenarios with complex banking transactions.
New Filtering Options
You can now get much more specific when creating a matching rule, as well as create more precise matches using the Matching attributes section. New attributes include flexible text, amount, and date fields that will now, for example, dynamically match the contents of your bank transaction descriptions by specific keywords or document numbers.
Flexible Date Comparisons
For situations where transactions don't post to the bank on the same date as what you recorded in Intacct, you can now set up a matching condition using the operator "within" to specify a range of posting dates for enhanced flexibility and improved matches.
Financial Reporting Improvements
For instance, a new divider column type allows you to control spacing between columns for better readability. Also, a new forecast full period column type enables you to use full budget rather than prorated budget for the current period. Plus, expanded ‘Normalized’ column types display budget variances as positive or negative. For example, amounts within budget are displayed with a positive indicator and amounts over budget are displayed with a negative indicator.
Enhanced Contracts and Billing
Committed Quantity Consumption Billing streamlines billing based on your customer’s consumption of contracted quantities which helps automate revenue recognition rules set forth in ASC 606.
An idea generated by customer feedback, you can now consolidate invoices by contract line bill-to contacts. That means no more spreadsheets to manually manage invoice groupings. Using the new Invoice By option will automatically aggregate billable charges by customer’s bill to, contract, or project with just the click of a button.
Lastly, new pre-built reports for Interactive Report Writer provide even deeper insights into your subscription business.
In-Transit Warehouse Transfers
You might have multiple warehouses across the city, across the country, or in different countries. While the inventory is being moved, it's categorized as in transit and not considered to be in ONHAND inventory at either the from or to warehouse.
Pick: Select which orders are ready to be picked, print the pick slip for a warehouse worker to pull the items in the order, and mark orders as picked.
Pack: Select which orders are ready to be packed, print the pack list to include in the packaging, and mark the orders as packed with information about the boxes or containers used to pack the order.
Here's a sneak peek:
New Construction Features
Streamlined Billing for Project Changes
The existing change management feature allows you to capture and record planned and unexpected project changes. This release streamlines how to bill for those project changes with the new ability to group all change requests for a specific project, making it easier to bill as a single amount for all changes to that project.
Capture Projects on Purchasing Docs
Many Purchasing documents, such as Construction purchase orders and sub-contracts, are project-specific. With this release, you can now select a project for Purchasing transaction definitions, just as you can for OE transaction definitions.
Track Change Orders by Log Number
Intacct customers have asked for a simple way to identify how many change orders are added to your source documents. With the release of Intacct 2021 R3, you can now use the change log number on Order Entry (OE) and Purchasing source documents to track how many change orders exist.
More Dashboard Components
The new Billboard component provides a way to display text on a dashboard and push important company announcements and other information out to Intacct users. For example, you might want to remind dashboard users of a particular goal, policy, or procedure.
This new component enables you to include links to documents/attachments that open directly from the dashboard. For example, you could create a Corporate Policy link for users to click directly from the dashboard so they no longer need to know where the attachments are stored on a network or how to find them.
Intacct Menu Access
You can now create a customized, linked list of Sage Intacct menus and add it directly to a dashboard with the new Custom Navigation component. For example, you might want to provide the Accounts Payable dashboard users with links to the menus they use most often, such as Accounts Payable, Cash Reconciliation, and Trial Balance.