Sage Intacct 2020 R3 Overview
Sage Intacct 2020 Release 3 will make its appearance on August 22nd, continuing 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 2020 R3 Review
Sage Intacct 2020 R3 Spotlights
Sage Intacct 2020 R3 By Module
When a user enters a credit for a payment, the Amount to pay automatically updates, eliminating the need to calculate this value manually.
Two new checkboxes on the Configure AR page give users better control over printed and emailed transactions
Now ARPAYMENT is the only AR payment object users see in the catalog when an admin sets up customizations like Smart Events and create custom reports.
The addition of new ARPAYMENT fields and changes to existing fields give users more options when creating reports in Custom Report Writer.
Soon there will be a new and improved credit card reconciliation process in Cash Management that’s designed to handle large volumes of transactions with ease.
Automate your credit card reconciliation process by connecting your credit card accounts to bank feeds.
Sage Intacct now supports bank file payments between co-located banks in South Africa.
2020 R3 is delivering a few key enhancements.
- Delete a credit card transaction.
- View credit card transactions by state.
- New look for charge payoffs.
- Filter and sort for credit card transactions.
- Charge payoffs Save button renamed to Post for workflow clarity.
- Select all transactions with one click on the Find Match page.
- Description field on the Reconcile Bank Account page is re-sized for readability.
- Transaction lists load more quickly now that we have limited the number of transaction to 100 rows per page.
- Filter and sort the Bank Transactions list page by Account type.
- Secondary reconciliation actions change from buttons to links.
If your company is subscribed to Dynamic Allocations, you can now allocate costs across several different entities in each entities’ own base currency.
Use dynamic allocations across entities to:
When you use an existing journal entry to create a new recurring entry, the basic information gets prepopulated from the selected journal entry.
Transactions using the Intacct daily rate (or an Oanda rate) with a date prior to 1990 are blocked, due to exchange rates before 1990 being unavailable in Oanda.
This includes all General Ledger transactions, such as GAAP, tax, statistical accounts.
The Recurring Journal Entry page now separates the entry details from the recurring schedule on Entry and Schedule tabs
When users set up the GL through the UI or with a CSV file, the value for Budget balance sheet accounts by is now For period. End of period is no longer used.
Additionally, if you enter budget figures for balance sheet accounts directly or using a CSV upload, you now enter the amount budgeted for each period rather than ending cumulative balances for each period.
Administration and Company
Now, when your company or entity has ISO country codes enabled, the country field auto populates with the default country whenever you enter an address.
Budgeting and Planning
- Increased visibility to your GL accounts
- Improved budget line location awareness across the Budgeting and Planning application
- Get started working with models more quickly by importing model lines from MS Excel
- Fixed assumptions now appear when you create a Model report, in addition to existing model lines
- Budgeting and Planning now supports all reporting books in addition to Cash, Accrual, and Global Consolidation books
See the Sage Intacct Budgeting and Planning release note for more information.
If the reporting period is open, you can clear individual MEA allocations one at a time to get to the point where the correction is needed.
Now you can drill down into the contract line data directly from a contract’s line grid.
If your company has this option enabled, you can now delete a contract invoice that has a negative line if you haven’t applied a credit to the invoice.
The renewal process now pulls contact data from the customer record
Updates to the MEA allocation report object and list user interface help you better manage contracts with multiple MEA allocations
We enhanced the audit trail for recurring transaction templates so you can confirm when they were turned off or on that the changes are correct
Use the new support for custom fields in the CSV import file and skip the extra work of entering the information for these fields in the user interface
Previously, printed or emailed draft transactions were always flagged as printed, which could make editing the transactions difficult. You can use a new configuration option to decide how to treat draft transactions that you print.
If you use multiple currencies, the purchase transactions that are automatically generated for a drop-ship or buy-to-order sales transaction are now always in the vendor currency, if it is set.