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May 18, 2022
Latest Updates in the
Sage Intacct 2022 Release 2
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To d a y ’ s P r e s e n t e r s
Michelle Schimberg, CPA
Director, Consulting
Michelle has over 30 years of accounting experience. She came to Armanino
to help clients get the most of their product! She loves teaching clients about
Sage Intacct!!
Jennifer Jensen
Manager, Consulting
Jenny has been working in the industry for 10 years. She loves sharing the
newest and greatest updates from Intacct with others.
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Knowledge
Learning Objectives
Identify new release Demonstrate the new Manage the latest
features of your user experience and release of the
solution navigation solution to maximize
its potential
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Exploring New Areas
Agenda
Company & Administration Order Entry & Purchasing
Accounts Payable Reporting
Accounts Receivable User Experience
Budgeting & Planning Platform & Customization Services
Cash Management Web Services
Construction
Contracts
Inventory
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Company and Administration
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C O M PA N Y A N D A D M I N I S T R AT I O N
Export Individual Fields in Data Delivery Service
Go to Company > Setup Tab > Data delivery service and select Manual or Automatic > Select fields to export
Requires subscription to Data Delivery Service (DDS)
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Coming Soon!!
C O M PA N Y A N D A D M I N I S T R AT I O N
Improved Audit Trail
Audit trail fields added to the custom report writer: Field Before, Field After and Field name
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Accounts Payable
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ACCOUNTS PAYABLE
Early Adopter: AP Automation
Uses AI to capture data from your PDF vendor invoice and creates a draft bill
Upload or email bills into Intacct
Automatically attaches the vendor invoice PDF
Leverages GL Outlier to report Exceptions
Contact your Client Manager if you are interested in being an Early Adopter
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A C C O U N T S P A YA B L E
Summary Header for Vendors
Find key vendor information like their last bill and payment dates in the new summary header
Last bill created on and Last payment sent on can be added to a custom list view
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A C C O U N T S P A YA B L E
Vendor Payments Powered by CSI
Payment withdrawal options: Lump sum or per transaction
Upload signatures for only payment services
Payment provider tab allows you to see differences from CSI and Intacct vendor
Enable edit of email address for CSI Notifications
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Accounts Receivable
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ACCOUNTS RECEIVABLE
Dunning Notices
Print or Email dunning notices from Sage Intacct to customers based on the number of days overdue or amount due
Delivery option: Print, email or both
Can attach invoice to the dunning email
Track dunning notices sent on the customer record
Set up multiple dunning levels
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ACCOUNTS RECEIVABLE
Receive Payment Enhancements
Automatically apply available credits when you receive a payment
Credits applied with the waterfall method
Create Journal entries, Adjustments and Advances from the Receive Payments page
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Budgeting and Planning
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BUDGETING AND PLANNING
Planning
Expand budgeting capabilities in an easy and impactful way
Reduce budget creation time
Increased scope and depth of budget data
Subscription to Sage Intacct Planning module is required
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Cash Management
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CASH MANAGEMENT
Creation Rules
Previously rolled out to only Early Adopters.
Automate your reconciliation with the matching rules
New type of rule that creates journal entry transactions
Automate Intacct to create the journal entry for bank fees and daily
deposits
Filters make it possible to target different transactions such as
“begins with” and “contains”
If using JE approvals, the rule will create a draft match JE Once
approved, the JE will post to the GL and match the bank
transaction for the reconciliation
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CASH MANAGEMENT
Rule Set Performance
Rule set helps in matching transactions between the bank
and Intacct every time a bank feed is refreshed or when you
import a bank file
Log of how many transactions the rule attempted to process
and how many transactions were matched and created
Additional permissions are required
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CASH MANAGEMENT
Transaction Template
Define how to create a matching transaction in Intacct for
reconciliation
Template for importing bank transaction rules and rule sets
Currently, you can only create transaction templates for
journal entries, but look forward to more functionality in the
future
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Construction
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CONSTRUCTION
Introducing Project Contracts
Construction subscription is required
Use project contract and its corresponding project contract
lines to capture a mix of billable details in your construction
project billing
Use different billing types
Map project cost codes to project contract lines
Bill project contract lines using OE similar to AIA invoice
format
Apply rate tables and markups
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CONSTRUCTION
Integrate Project Contracts with
Change Management
When linked, the change request inherits changes to the
project change order, such as price effective date or updates
to the change request status
When you generate invoices, project contract lines will reflect
associated project changes to the total revised contract price
Workflow types Original, Revision, and Approved change
can update the total revised price of the project contract line
Additional permissions are required
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CONSTRUCTION
Generate Project Invoices
Using project contract line to bill by percent or by lump sum,
or invoice for billable transactions, you can generate project
invoices that include all invoice types
New fields support project contract billing that resembles the
AIA format
Create a progress bill invoice template with project contract
totals (previously billed amounts and total retainage held)
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Contracts
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CONTRACTS
Evergreen Contracts
Manage contracts without end dates with the new Evergreen term type
Choose to support only Termed, only Evergreen or Both
A contract can only be either termed or Evergreen, not both
Contract line will show the scheduled billing and revenue for one ”in progress” period
When recurring period ends, a new contract line with the same contract line number for the next recurring period is
created
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CONTRACTS
Auto Apply Adjustment
When a contract line is cancelled, automatically create and apply a cancellation adjustment to the correct contract
invoice in scenarios where there is an invoice that will never be paid
Payment posting dates for the adjustment are as follows:
Cancellation date is before the invoice date, the payment date will be the invoice date
Cancellation date is after the invoice date, the payment date will be the cancellation date
Caution: You can not uncancel a contract line that you canceled with an adjustment.
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CONTRACTS
Rename: Invoice Policies
Generate invoice filter sets are renamed to Invoice policies
You can still save and re-use frequently used invoice filters
If you're not currently using saved filters but want to take
advantage of future invoice automation, Sage Intacct
recommends that you prepare now by becoming familiar with
invoice policies
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Platform and Customization Services
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P L AT F O R M A N D C U S T O M I Z AT I O N S E R V I C E S
Early Adopter - Application Namespace
Add application namespaces when you create or edit custom applications, custom objects, or custom fields
Differentiates the custom objects and custom fields that you use in your application from Sage Intacct objects and
from objects in other applications
https://developer.intacct.com/
Contact your Client Manager if you are interested in being an Early Adopter
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Order Entry, Purchasing & Inventory
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INVENTORY
Track Stockable Kits
Track stockable kits by serial numbers, lot numbers, bins, expiration dates, or any combination
Include Kit components that are enabled for tracking in both tracked and non-tracked kits
Posting Details tab has been added to Build Kit and Disassemble Kit transactions that post to the GL
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INVENTORY
Cycle Count Enhancements
All items will be available for cycle counts regardless of the quantity on hand
Zero or negative balance items will be available in the cycle counts increasing your inventory accuracy
Ability to assign dimension values for reconciling cycle counts
Required dimensions will have an asterisk
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O R D E R E N T R Y, P U R C H A S I N G A N D I N V E N T O R Y
Early Adopter – Update to Subtotals
Distribute entity-level subtotals
Simple Tax, you can distribute the subtotals for transactions that are created at the entity level will be distributed to
the line items in the transactions
Populate subtotal dimensions
In a multi-entity environment, you can set dimension values for the subtotals at the top level
Previously, the dimensions in the subtotal lines were only editable for transactions created at the entity level
Contact your Client Manager if you are interested in being an Early Adopter
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ORDER ENTRY
Early Adopter – Fulfillment
Enhance the experience for the Warehouse team to utilize
the tools to track and ship sales orders in a timely fashion
Provides pick and pack lists making their workflow more efficient
and reduction in cost
Intacct will reserve and allocate quantities so the quantities cannot
be used elsewhere
Commit quantities during Order Entry
Transaction for Sales Order is enabled for reserving and picking
inventory items, two fields will appear for line items in the entries
section (Quantity Reserved & Quantity Picked (Allocated))
Contact your Client Manager if you are interested in being an Early Adopter
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Reporting
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REPORTING
Include Inactive Dimensions in Reports
Include inactive dimensions in report selection
Allows the filter prompts to show all values regardless of whether the dimension or account is active or inactive. This means that
both active and inactive options appear in drop-down selections
• For existing users, the value remains Hide inactive values unless you change the setting to Display all values
• For new users, the default is Display all values
• This is a user preference
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Tax
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Ta x
Capture Tax Information for custom reports
Access all VAT/GST enabled transaction detail in GL,AP,AR,PO,OE,CM, EE
Drill down to transaction screens
Supports custom fields
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Ta x
Enhanced Reporting VAT/GST Tax Submission
New reporting object ‘Tax Record Box’
Group transactions by ‘box number’
Can Drill to transactions to view details
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Ta x
Default Tax Details for Transactions
Select detail tax schedule for a customer or vendor contact
Tax details automatically defaulted when transaction line is created
Can override the default
Accounts Payable Accounts Receivable
Invoices
Bills
Recurring invoices
Recurring bills
Payment adjustments
Payment adjustments
Manual deposits
Manual payments
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User Experience
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USER EXPERIENCE
Updated look and feel
Simple sign in
New logo and colors
Ability to change header colors (black or white)
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USER EXPERIENCE
Coming Soon!!
The future in lists is in…..Expanded Beta testing
Advanced filtering
Ability to reorder, resize, freeze columns with drag and drop interactions
No need to go to another screen to customize the list view
Split screen between list views and records
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Web Services
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WEB SERVICES
Enhancements to API
Accounts Receivable, create dunning level definitions
Construction, you can create Project Contracts that are integrated with change management and billing, use rate
tables, employee timesheet options to bill by position, class, shift, and union
Contracts, support for perpetual terms and create invoices using policies
Data Delivery Service, ability to select filters, fields to return, and field order
General Ledger, journal entry transaction source marked for bank reconciliations and run standard reports
asynchronously
Inventory, work queue orders and work queue details, include non-inventory items in inventory, inventory tracking for
stockable kits and API support for Inventory Cycle Counts
Tax Schedules, setting default tax solutions and tax schedules for contacts, vendors, or customers (AU, GB, and ZA
only)
visit: www.developer.intacct.com
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Armanino Led Intacct Virtual Classes
Whether you have new employees that need to get up to speed quickly, or simply need to
learn more about the features and functionality of Sage Intacct, check out our Armanino
Academy!
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Thank you for attending
Additional Questions?
Reach out to us at
[email protected]
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ARMANINO’S SALESFORCE PRACTICE
Salesforce to Intacct Integration Expert
Complete lead-to-cash implementation
Data visibility for entire team
Eliminates manual file transfers and re-keying of information
From simply out-of-the-box integration or advanced options
Special integration pack for nonprofit organizations
Ready to learn more? Contact [email protected] or your Client Manager to learn
more about integrating Salesforce with Sage Intacct.
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