Sage Intacct 2024 Release 4

11 Nov Sage Intacct 2024 Release 4

The release highlights include the following:

Sage Intacct

Customer and Supplier reconciliation

The Vendor reconciliation report answers the following types of questions:

• Which credits and payments were applied to a given bill?
  
• Where was a given credit applied?
  
• Which transactions share a specified match sequence?
  
• What transactions remain partially matched or not matched at all?

You can filter the Customer reconciliation report to show you transactions that are unmatched, partially matched, or fully matched. You can also filter the report for a given match sequence.

Enhanced customisation of AR Statements

• Add a running balance to your custom statement templates
• Currency symbols now display alongside amounts by default, adding clarity to foreign-currency statements,

Tax override for Purchasing and Order Entry

You can override the default tax schedule in transaction line items. This lets you calculate taxes for transactions that cross tax jurisdictions, or select a tax schedule when there is no corresponding tax schedule map.

Lists

Turn on the new Lists interface to personalize your list views, leverage advanced filters, manage list and record details side-by-side, and much more. Customize your list views while you work:

• Add, move, and resize columns
• Freeze columns on the screen to preserve the view when scrolling
• Sort columns by the data that means the most to you
• Save your customized views for future use

REST API expansion.

The Sage Intacct API ecosystem consists of two distinct APIs: the XML API and the REST API. The Sage Intacct REST API is the latest offering. It follows REST principles, which are widely used in modern API design and uses JSON for data exchange, which is lightweight and easier to work with for many developers. This compliments the existing XML API that is well-established and thoroughly documented.

• Account Category Sequencing: Use drag-and-drop to arrange your account categories into the desired reporting sequence.

Personnel Budgeting

• Pay types: you can add notes to pay types. This helps provide background information about pay types and default rates

Read more at Martus Solutions.

AssetAccountant

Leases

• process interest in advance for leases,
• proportional allocation of Assets to Leases
• Market valuations of leased Assets
• New Lease liability report

Velixo Excel reporting

Report Distribution

• New distribution lists that you create will by default “refresh”, to ensure your workbook is current prior to running the distribution.
• Snapshot replaces “Copy workbook without formulas” and you can now decide to snapshot only the active worksheet. A worksheet-level snapshot can be targeted to the current workbook or a separate workbook

Calculation

• Improved Refresh experience: you select the scope of your Velixo NX data refresh: current worksheet only, entire workbook, or all open workbooks,

User interface

• New look with more minimalistic and modern ribbon icons

Velixo Tools

Velixo Tools enables Velixo’s new deep-linking feature

• Construct links using the custom velixo:// protocol and embed them on your Web or ERP pages to open the specified Microsoft Excel workbook, filtered on the context of the page that you were on, for example, the current project.

Read more at Velixo

Re-Leased Property Management

Property List

• Filter by Owner 
• More columns for faster access to your information: this includes tenancies (with links), property owner & custom fields.

The Maintenance Hub

• Now users can complete work orders when completing a maintenance event.  
• We have also introduced the ability to select all tags within the maintenance hub to enable users to easily de-select tags of no relevance. 

Compliance Hub

• We have also introduced enhanced filtering within the compliance hub, namely adding in company & property owner filters. 
• Users can now also assign an external responsible party for a compliance, like a tenant or property owner. 

Insurance Hub

• Property insurance is now visible within the insurance hub to view.

Bulk Rent Review

• When choosing a specific adjustment amount for bulk rent reviews, we have enabled users to be selective with the review type this applies to. This solves an existing problem where an adjustment amount applied to all rent review types within a bulk rent review.  

The Rent Escalation Scheduler

• The Rent Escalation Scheduler no longer auto-populates values against the new date & new amount field. We have also added in the ability to create a new rent review type within this feature.  
• Upon completion of a rent review, you can now return directly to the rent review hub. 

Tenancy Management

Rent Review 

Bulk Rent Review

• When choosing a specific adjustment amount for bulk rent reviews, we have enabled users to be selective with the review type this applies to. 

Budgets

• Within the Expense to Schedule screen, we have introduced a “from” column to identify a supplier contact to offer more context when allocating an expense across multiple schedules.  

Arrears Hub

• An arrears status can be directly updated now within the Arrears Hub preventing the need to navigate to the individual tenancy to update this information. 

Late Fees

• Tenancies that are placed into a “holding over” state are now included within a Late Fee rule. A late fee will incur now whenever payments are late. 

Accounting

Easier to read invoice PDFs

• We’ve added a new setting that allows you to use a larger font size on income invoice PDFs.

Raise fees when rent is demanded, rather than when paid

• This means you don’t have to wait for rent to be paid before raising a fee, the fee can be raised as soon as a rent invoice has been approved! 

The bank account reconciliation report now has a line for suspense ledger balances

• This is particularly important for our Australian customers as it was a compliance issue. 

Easier to create/edit direct on charge templates

• Now when inputting a % of allocation, the pre-filled amount is selected so you can start typing the new figure with one click.

Accounting Integrations

Invoice Sync Status 

Users can now at a glance see the sync status for invoices both from the invoice list view and at an individual Invoice level. 

New tracking UI improvements

Streamline multi-line invoice management for Sage Intacct integrations by reducing repetitive data entry and enhancing usability. Users can now apply tracking options across all invoice lines at once, see tracking settings directly on the edit page, and auto-populate tracking on new line items based on existing entries. Expand/collapse functionality further improves the interface, keeping tracking details organized and accessible. These changes make managing property-related invoice data more efficient and consistent, adding value by saving time and minimizing input errors. 

Property Reporting

Tenancy Schedule

• Added:
  • Future Rent summary metric
  • An option to Sort by Company
• Display property name at the top of the PDF export (when only a single property is selected)
• Added floor and suite of an area (and the ability to sort). This one is a particularly highly requested feature to allow our users to view their Tenancy Schedule in a way that reflects their physical building layout.
• Adding VAT Elected and VAT Effective Date 
• We now support select custom fields and have added an indicator to specify which columns are custom fields.

Tenancy Summary

• You can now choose how many notes you want to display in your report. 

Tenancy Statement 

• You can now filter by property.

Read more at Re-Leased