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In today's unprecedented business environment, your company may be evolving and adapting rapidly. With key employees working remotely and financial leaders making crucial decisions, there's a pressing need for accurate insight, greater control, flexibility, and speed. Sage Intacct’s first release for 2020 adds an abundance of new features that help you work more efficiently; saving time and supporting common use cases.
Watch our short release highlights video or continue reading this article for a better understanding of the main features in this latest release.
Here is a brief overview of some of the main features we feel will enhance your day to day processes within Sage Intacct. We will go into more detail regarding our favorites below.
Application |
Type |
Addition or Update Description |
All
|
Added |
Sticky column headings: With sticky column headings, column headings now remain visible as you scroll down through a table. |
Added |
Shortcut to list page in Action: You can quickly return to a list page from a detail page by simply clicking the list icon to the left of the page. |
|
Accounts Receivable
|
Added |
Application of inline credits: You now have the option to enable automatic application of inline credits to Accounts Receivable. |
Added |
Waterfall payment method: Sage Intacct uses the new waterfall method to automatically determine how both partial and full payments are applied to invoices. |
|
Cash Management
|
Added |
Reopen a reconciliation: Using the new bank reconciliation process, easily reopen a reconciliation for those times when you need to correct an error within a closed reconciliation. |
Added |
Create Journal Entries: You can now create journal entries from an individual line item in a reconciliation. |
|
Updated |
Matching Improvements: Now, the auto-match process excludes any transactions you already manually unmatched for smarter functionality. |
|
Soon-to-be removed |
Old bank reconciliation: The old Bank Reconciliation task is being RETIRED in an upcoming release. |
|
General Ledger |
Added |
Add attachments to journal entries from the list: You can now add or access attachments directly from a journal's View Transactions list view with just one click. |
Projects |
Updated |
Project Billing - Include reversed transactions: When generating project invoices, you can now include reversed transactions for Accounts Payable bills and employee expenses. |
Purchasing |
Added |
Allocate shared costs with just a few clicks: transaction allocations are now available in Purchasing. |
Interactive Custom Report Writer
|
Updated |
When you subscribe to ICRW, you can upload your company logo for immediate use on your reports. |
Updated |
The object glossary now has additional objects for use in the ICRW. |
|
Updated |
When you add an ICRW report to a dashboard, the ICRW report now responds to your selected As of date. |
Within the Action UI, you will notice several overall enhancements with the 2020 Q1 Release. Our favorites are described in more detail below:
You can now return quickly to a list page from a transaction page (such as an Add Bill or Edit Bill page). Simply click the list icon to the left of the page title to do so.
With this new feature, you will notice that the column headings remain visible (or "sticky") as you scroll through a lengthy table.
Important: This feature currently only applies to lists, such as record or transaction lists.
Within the General Ledger module, Intacct delivered an enhancement that was a popular request among users. This enhancement should help you with efficiencies related to support for your journal entries and audit requests. The new feature is described in more detail below.
You can now add the same supporting document to multiple journal entries with a few quick clicks. Within the list view, select the check box to the left of the appropriate journal entry and select the “Attach” button above the list.
Within the list view, you can now select the paperclip icon to quickly and easily view the attachment without having to click into the journal entry transaction.
Within the Cash Management module, Intacct delivered a bundle of enhancements that should help you with efficiencies related to reconciling your bank. A much-anticipated change with the 2020 Q1 Release is the ability to reopen a reconciliation! This is described in more detail below.
Important: The previous bank reconciliation task is set to retire in 2020 R2, so now is your chance to familiarize yourself with the new bank reconciliation in the Action User Interface!
Before reopening a reconciliation, make sure to:
Then, reopening a reconciliation is as easy as going to Cash Management > All > Reconciliation > View reconciliation histories. Here, you will now see a “Reopen” link beside the checking accounts that have been previously reconciled.
We hope this video and article help you get accustomed to a few new features that may be useful in your daily, weekly, or monthly accounting tasks. For additional information on new release features, as well as other Sage Intacct Learning resources, visit the Sage Intacct Learning Center.