Available now, Sage Intacct 2024 R2 includes almost 200 exciting enhancements and new features. In this article we highlight some of the key features that have been included in this latest release.
Accounts Receivable
Receive draft payments
Users with appropriate permissions can now create, edit and delete Accounts Receivable payments in a draft state using the XML API or the Sage Intacct user interface. The draft payment functionality presents organisations with greater control, flexibility and accuracy when managing payments, notably for bulk payments and imports.
Draft payments allow users to make changes before finalising payments rather than reversing those payments, saving time and reducing errors. Once draft payments are finalised, they can be submitted for processing.
In order to create a draft payment, you must have Accounts Receivable – Manage payments - Add permissions. To submit a draft payment for processing, you must have Accounts Receivable – Manage payments – Post permissions.
Value of state field for existing AR payments
Draft payments sees the state field for existing completed payments changed from null (blank) to a value of C in the weeks following the 2024 R2 release.
Get Invoices - allocations affect read results
When users issue requests to read invoices, the responses will no longer include the DEPT or LOCATION fields for invoice items that involve allocations to distribute amounts to those dimensions due to a change in how split General Ledger entries are handled for transaction allocations.
If the transaction that an invoice item represents does not involve allocations to department or location, there is no change in the fields returned for the read response. Additionally, if an allocation rule allocates to only one of these dimensions, then only that field is omitted from the read response. For example, if a rule allocates to location and project, the DEPT field is returned in the read response for an invoice, but the LOCATION field is not.
Accounts Payable
Get Bills - allocations affect read results
When you issue requests to read bills, the responses to those requests will not include the DEPT or LOCATION fields for bill items that involve allocations to distribute amounts to those dimensions. This is due to a change in the handling of split General Ledger entries for transaction allocations in Accounts Payable.
If the transaction that a bill item represents does not involve allocations to department or location, there is no change in the fields returned for the read response. Additionally, if an allocation rule allocates to only one of these dimensions, then only that field is omitted from the read response. For example, if a rule allocates to location and project, the DEPT field is returned in the read response for a bill, but the LOCATION field is not.
Inventory
Default conversion type for invoices
With the 2024 R2 release, non-inventory type items included in transaction workflows can be converted by price or quantity. To take advantage of this capability, the following configuration options must be enabled for Order Entry and Purchasing:
- Enable price conversion
- Enable override on transaction conversion type
With these configuration options enabled you can use the new DEFAULT_CONVERSIONTYPE field to specify the conversion type for non-inventory items. Non-inventory items can be converted by price or by quantity. This new field is supported for 3.0 XML Create and Update item functions
Customisation Services
List Smart Event Log Records (Legacy) to be discontinued
We also want to take the opportunity to let you know about a change that’s coming later this year: The smarteventlog object and get_list will be discontinued. For Sage Intacct 2024 R2, the object can still be used. Users will be able to obtain Smart Event audit information by using a report based on the Audit Trail and adding it to an application menu for easy access.
For more detailed information on any of the above, or to read the full Sage Intacct 2024 R2 release, please check the Sage Intacct Developer Portal.
Want to get the most out of your Sage Intacct Investment? Contact us today to discuss how we can support your business.
Katie Mansell
