Sage Intacct R4 Release 2023

As we approach the end of 2023, Sage has released its final Sage Intacct update of the year.

We see some exciting, much awaited new features released in R4. Here are our top five updates.

Advanced Ownership Consolidations

Advanced ownership consolidation is a new subscription that allows for consolidation of financial data across multiple entities with varying percentages of ownership. It streamlines the process at the entity level by period and includes ownership percentages as part of the consolidation.

Reconciliation Enhancements

Simplify your receive payments and reconciliation process with the Bank transaction assist. Receive multiple payments from bank transactions and automatically match for reconciliation. Gain visibility and quickly pinpoint reconciliation transactions that match with match sequences.

AR Multiple Customer Payments

Receive one receipt for multi-channel customer invoicing in school, healthcare, grant funding and multi-partner channel businesses and easily apply to different customers. A useful functionality when receiving a single payment but need to apply the payment to Accounts Receivable sales invoices from different customers.

AP Bill Approval

The new recall function allows you to remove a submitted AP purchase invoice from the approval queue and return it to an editable state. The amended AP purchase invoice can then be resubmitted for approval.

French Language Launch

Language settings now provide the choice of the French language. The expansion of new language options available in both Company and User preference pages, you can now set the language for all users or at individual user level to the following available options:

· English (United Kingdom, United States of America, Australia and South Africa)

· French (France)

Further information and a more detailed view of the full new features list can be found on the Sage UK website

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