Debuting just in time for Thanksgiving, here’s what’s on the menu with Sage Intacct Release 4
Silverware’s Sage Intacct Practice Leader, Nancy McCarthy, highlights her favorite new features in each quarterly release. The list of new features and functionality can be large and may get overlooked in the course of running your business. Nancy’s perspective as an accountant, Sage Intacct user and Sage Intacct consultant helps you zero in on the best-of-the-best new features and learn ways to use them to increase the value of your company’s Sage Intacct investment.
Each quarter, Sage releases an update to Sage Intacct, including new capabilities. Some of the new features may be subtle improvements, others can be transformative to your operation. The challenge for most businesses is to stay on top of what’s new; understanding enough about each new feature to know if and how it can improve operations. That’s where Silverware comes to the rescue. We take the time to review, test and understand the new features and share what we’ve learned with our customers.
What’s better than Thanksgiving dinner with family and friends? Well, nothing, but Sage Intacct Release 4 may come close. The final 2019 release makes its debut just before the holiday on November 22, 2019. Release 4 offers updated functionality along with continued transitioning from the old user interface (UI) to the new Action UI. Here’s a quick review of the meaty new functionality you can expect to see later this month.
Taking Action: Think of the old UI as that holiday fruitcake—no longer welcome at the table. To support the continuing changes to the new Action UI, many of the features that you might have used in the old UI will now be permanently removed. Included in the list of removed are Select to Pay, Quick Bill Entry, and Quick Check Entry from the Accounts Payable module. In the Accounts Receivable Module, it’s the Quick Invoice Entry that is off the table. And be forewarned, the old Bank Reconciliation is slated to be removed in 2020 R2, so start using Bank Reconciliation–New, if you haven’t already.
Project Task Dimension Goes Big: Anyone using the full Projects function will love the new Task dimension introduced with this release. The change allows you to report on projects at a more granular level. Currently, the only task information you can capture are the hours from a timesheet. With Sage Intacct Release 4 2019, you can capture task data when entering transactions in any module. How useful would it be, for example, to include the task of “Training” and the project “PROG-0001” as line item expenses on an employee expense report? This change allows the project managers to run meaningful reports about expenses for a task and not just the hours for a task.
The Side Dishes: Sage Intacct continues to improve its online help—helping you be more self-sufficient and productive. Sage Intacct Release 4 2019 includes many other enhancements to existing functionality and some new additions, such as Unapplying a Posted Payment. Good stuff all.
As we move into 2020, we’ll be sure to keep you up to date on our favorite features in each of the four scheduled releases of Sage Intacct. And as always, we’re here to answer your questions!