Official Release Notes R4 – October
So what’s new with Sage Intacct? We’ve summarised the new features and functionality in the latest release of Sage Intacct. Note that some of the features being released are available as part of the Early Adopter program or is functionality for a certain region. If you have any questions please click through to the more detailed notes or reach out to us directly.
For more detailed notes, please click the following link: Sage Intacct Release Notes 2024 R4
Here’s a Quick Look at What’s New:
• Introducing Copilot Variance Analysis—Early Adopter
• Search help with Copilot—Early Adopter
• Lists enhancements – Beta
• Authenticate and validate your custom domain before May 2025
• Streamlined setup for GL Outlier Detection
• Reconcile payments and credits to AP purchase invoices.
• Send automatic vendor payment notifications to more recipients
• Pay AP purchase invoices enhancements—Early adopter
• AP Automation support for tax solutions.
• Reconcile customer payments and credits to AR sales invoices.
• Enhancements to Accounts Receivable statements
• Override tax schedules in Purchasing and Order Entry.
• Tax detail enhancements for tax submission
• Tax submission for custom tax solutions—Early adopter
• Location dimension supports up to 100 custom fields
Below we’ve broken down this list into an easy to read summary of each feature…
Copilot Variance Analysis (Early Adopter)
- Real-time Budget Insights: Receive alerts and see detailed breakdowns of variances between budgeted and actual expenses.
- Visualization & Drill-downs: Use charts and graphs to understand your financial health and drill down to specific GL account details.
Search Help with Copilot (Early Adopter)
- AI-powered Search: Copilot understands your queries and provides more accurate search results, improving search efficiency.
Lists Enhancements (Beta)
- Personalized List Views: Try the new Lists Beta interface, which includes advanced filters and allows side-by-side management of list and record details.
Domain Authentication
- Mandatory Domain Validation by May 2025: Ensure your email communications are secure and reliable by authenticating your custom domain.
Streamlined GL Outlier Detection Setup
- Improved Transaction Accuracy: Use machine learning to detect discrepancies in journal entries and improve your organization’s control measures.
AP Features
- Reconcile Payments & Credits to Purchase Invoices: Easily match payments and credits to AP invoices using the Supplier reconciliation report.
- Automatic Vendor Payment Notifications: Send payment notifications to multiple recipients, not just the vendor’s primary email.
- Enhanced AP Invoice Processing (Early Adopter): Improvements for processing high-volume invoices, credit applications, and filtering bills.
AP Automation for Tax Solutions
- Automatic Tax Population: AI now automatically fills in tax information when processing AP transactions that are in taxable locations.
AR Features
- Reconcile Customer Payments & Credits to Sales Invoices: Use the Customer reconciliation report to match payments and credits to AR invoices.
- Enhanced AR Statements: Add running balance columns to custom templates and display currency symbols on statements.
Tax Enhancements
- Override Tax Schedules: Override default tax schedules in Purchasing and Order Entry transactions, useful for companies using Advanced Tax or VAT solutions.
- Tax Submission for Custom Solutions (Early Adopter): Streamline the tax filing process with new workflows for companies using custom tax solutions.
Location Dimension Custom Fields
- Up to 100 Custom Fields: Add more customization to your Location dimension with up to 100 custom fields.
These updates aim to streamline processes, improve data accuracy, and enhance user experience. For more details or to try out Early Adopter features, reach out to your Forpoint Solutions Account Manager.
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