As businesses in the construction industry face increasingly complex project and financial management needs, Sage Intacct continues to evolve with new features to support seamless workflows and precise data handling. This blog highlights the significant enhancements now available, including in-depth capabilities for project management, construction payroll, and accounts reconciliation. For a detailed walkthrough of these updates, make sure to check out the video below!
Sage Intacct 2024 R4 New Features Explained
Sage Intacct Construction 2024 R4 Release: Key Enhancements
Print Time and Materials and Expense Billing Details for Project Contract Invoices
Print comprehensive time, materials, and expense billing details directly from project contract invoices without generating a separate report. This feature simplifies invoicing and ensures all billed expenses are easily accessible, complete with sorting, filtering, and grouping options.
Add Scope and Schedule Details to Projects
A new Scope and Schedule section on the Project tab allows project managers to add crucial project details like scope, exclusions, inclusions, and terms, along with various start and completion dates.
Track Project Change Orders and Change Requests
The new Change Management tab on Project and Project Contracts pages allows users to monitor and export change orders and requests assigned to specific projects, providing better control and clarity during the project lifecycle.
Enhancements in Sage Intacct Construction Payroll
Upgraded import utilities and faster check generation streamline payroll management, while enhanced processes enable overriding pay modifiers and secure data validation during imports.
See the full Sage Intacct Construction Payroll release notes
Work in Progress (WIP) Management Enhancements
New fields have been added to WIP schedules to improve tracking, including project status, customer, and project type. This helps project managers and financial teams gain deeper insight into project costs and progress.
Sage Construction Management Improvements
Enhanced integration with Sage Intacct allows for better management of labor and equipment timecards, expenses, and syncing of project data. New reports and dashboards further support project analysis and forecasting in Sage Construction Management (Sage CM).
Sage Field Operations Enhancements
Updates to Sage Field Operations (SFO) now offer improved business intelligence and serialized inventory management. A new mobile app for Android and Apple ensures field teams can access project data on the go.
Lists Enhancements
The Lists beta interface includes advanced filters, personalized list views, and bulk operations for streamlined data management. These features are now available for the Vendors list, with more to come in future updates.
Send Automatic Vendor Payment Notifications to Multiple Recipients
Automatic payment notifications can now be sent to both primary and secondary email addresses, enhancing communication and transparency with vendors.
Reconcile Payments and Credits to Bills
The Vendor Reconciliation Report provides a clear view of how payments and credits align with bills, using match sequences for improved tracking and accuracy.
Enhancements to Accounts Receivable Statements
Custom statement templates now feature a running balance, and currency symbols display by default for better clarity in foreign-currency statements.
Streamlined Setup for GL Outlier Detection
Simplified setup for GL Outlier Detection allows users to enable this Machine Learning feature quickly, improving transaction accuracy and internal controls.
Override Tax Schedules in Purchasing and Order Entry
Companies using Advanced Tax or VAT solutions can override default tax schedules at the transaction line item level, facilitating smoother cross-jurisdictional tax management.
New Permissions
Permissions for the new features have been added, such as running the Vendor Reconciliation Report and managing electronic receipts, supporting better operational control.
Next Steps
The Sage Intacct 2024 R4 release brings robust improvements tailored to meet the growing demands of construction and project management. From enhanced billing and payroll processing to new project tracking tools and integrations, these updates are designed to simplify workflows and provide greater transparency. Be sure to explore these features and see how they can transform your business operations when they are officially released on November 8, 2024.
For an in-depth look at each new feature, don’t forget to watch our overview video at the top of the page!
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