Are you tired of outdated software slowing down your construction business? Look no further than Sage Intacct Construction’s latest release, 2023 R2. Sage Intacct R2 is the second quarterly update in 2023.
Sage Intacct Construction updates are automatically applied to all users, so businesses don’t need to purchase or install new software versions. This allows them to benefit from the latest features and improvements without any additional cost or effort.
See the 2023 R2 highlights
Faster Processing, Easier Drill Down
Ease-of-use
Quickly create expense reports from existing credit card transactions. Combine invoices, payments, and credit applications in one CSV import and link credit card transactions with employee expense reports.
Extended functionality
Unify your accounting, payroll, and HR for better insights, faster processes, and increased profitability with Sage Intacct Payroll (US only). Up-level your processes with Construction and Contracts enhancements.
Control
Securely lock closed statutory reporting periods to maintain consistent reports. Easily drill down into the heart of your financial reports to view transaction-level details.
New Features for Construction
Integrate Construction project contracts with change requests
Choose additional levels to link a change request or change request entries to a Construction project contract line.
Project commitment tab
Show all project commitments (purchase orders and subcontracts) within a project. You can then examine the linked project order documents.
Reverse conversions in Purchasing
Enter opposite values on entry lines when converting a purchase order or subcontract document.
Summarize time and materials billing for Construction project contracts
Summarize all expenses for a Construction project contract line to a single entry on the project contract invoice.
Sage Intacct Payroll powered by ADP is now available
Sage Intacct Payroll is a best-in-class payroll and human capital management (HCM) solution that integrates seamlessly with Sage Intacct.
Accounts Payable Features Updated
Pay from the Bills list
Save time for your AP department by paying individual bills directly from the Bills list during your accounts payable process.
Vendor list & vendor invoice enhancement
Now when you drill into a vendor name from the Vendors list, the vendor information record opens.
Accounts Receivable Features Added
Edit reversal dates
You can now edit the reversal dates on posted payments to correct the information.
Apply credits and line-level payments in bulk
Use the CSV import template to input payment and apply credit data, then import them into Intacct.
Accounts Receivable Features Updated
Customer list enhancement
Now, when you drill into a customer name from the Customers list, the customer record opens.
Enhancement to dunning notices
You now have the ability to filter by customer group when sending dunning notices.
Date format options for email templates
Send email with dates in your users’ preferred format.
General Ledger Features Added
Lock closed periods
You can lock a closed period to ensure that your records for the period do not change, and so remain in agreement with the reports you produce for the period.
Include subledger transactions in your audit trail
Set up your audit trail to include changes to transactions posted from a subledger.
Company & Administration Feature Added
Intacct now sends an email when a user is locked out
When a user is locked out of Sage Intacct, the user receives an email to let them know that they are locked out and that an admin can reset their password.
Company & Administration Feature Updated
Migrate to multi-entity: Sage is migrating select single-entity companies to multi-entity companies with a top level. Will you be among the first to upgrade?