10 More Sage Intacct Questions, Answered

Trusted by over 24,500 businesses, Sage Intacct is the definitive choice for modern financial management.

Built by accountants for accountants and endorsed by the AICPA, Sage Intacct is a cloud-native financial management powerhouse that transforms the finance office and empowers the rise of digital companies.

Organizations that have outgrown entry-level accounting solutions like QuickBooks, Sage 50, and Xero love how Sage Intacct frees time for finance professionals’ strategic skills to shine.

But switching software isn’t an overnight decision. Before making the leap, it’s critical to have the right information.

That’s why each week, Vision33’s certified consultants offer finance professionals a live demonstration of Sage Intacct.

Vision33 is a multi-award-winning Sage Intacct partner and Sage Platinum Club member. With hundreds of successful Sage Intacct implementations, we know Sage Intacct inside and out and have specialized insight to help organizations transform accounting frustrations into success and strategic growth.

We love answering attendees’ questions during the demo. Ten of the most common questions we receive were highlighted in this past blog post.

Now, we answer 10 more.

What are Sage Intacct’s custom reporting capabilities?

Sage Intacct truly shines in reporting.

You can choose almost any object from the system as your primary data source, which provides access to that object, as well as tables for any other object related to the primary data source.

Occasionally, you’ll need a report that can’t be developed using Sage Intacct’s Financial Report Writer or Custom Report Writer.

Luckily, there’s an additional, more powerful tool called Interactive Custom Report Writer (ICRW). With the ICRW, you can build robust reports across multiple reporting areas.

Can Sage Intacct handle grant accounting?

Yes, Sage Intacct can handle grant accounting, including revenue restrictions and restriction releases.

How does the invoice approval process work in Sage Intacct?

Accounts payable/purchasing transactions can be routed for approval based on many parameters.

The most basic parameter is the ‘user parameter,’ where you simply choose a user to route transactions to for approval.

Another parameter is the ‘value approval setting.’ Here, you determine the thresholds for each level (e.g., level 1 is less than $10,000, and level 2 is $10,001-$29,999). You can configure 5 levels of value approval.

You can also implement either ‘direct value approval’ or ‘progressive value approval’. Using the above example, if a transaction was for $15,000, direct value approval means this transaction would skip level 1 and go directly to level 2.

Under the progressive option, the transaction would need to be approved at level 1 before going to level 2.

The most used parameter is the ‘manager approval parameter.’ The location, department, employee, and project dimensions let you assign a manager to each location, department, employee, or project.

When a transaction is entered and tagged to one of those dimensions, the system will look up the dimension’s manager and route the approval to that manager.

The approval policies can have multiple levels. For example, if a transaction is entered and is tagged to a location, department, and project, you could set up a multi-layer approval (e.g., through value approval, then routed to the department manager, then flowed to the project manager). You can choose the order in which this occurs, and each approval policy can have up to 5 approval steps.

You can also set it up so approval users are notified by email when a transaction requires their approval. The user who entered the transaction can receive an email when the transaction is approved or declined.

Is Sage Intacct offered in different languages?

Yes, Sage Intacct is offered in English and French.

What is the Sage Intacct Marketplace?

The Sage Intacct Marketplace is a database that displays other software solutions that already have an integration built to connect with Sage Intacct.

The Marketplace offers almost endless integration options for various types of software solutions, such as customer relationship management, payroll, accounts payable automation, customer portals, budgeting and planning, and many more.

Additionally, Sage Intacct has an open application programming interface (API).

This means that if you need another software solution for your business, you can get an integration that allows information to flow directly into Sage Intacct, even if the solution isn’t on the Marketplace.

If the solution provider can’t build the integration, Vision33 can easily build it with Saltbox, our exclusive cloud-based integration platform, which is on the Marketplace.

Can we make feature requests for future updates?

Yes! With your subscription, you’ll gain access to the Sage Intacct Community. Within the Community, you can post an “idea” for a product enhancement. Other members can comment on, upvote, or downvote your idea.

Sage representatives monitor these ideas, and if an idea gains enough traction, they’ll post an update to tell users the idea is being explored by Sage, under development, or has an anticipated release date.

Before posting a new idea, it’s good practice to search for a similar idea and upvote and comment on that instead of posting the same idea. However, if you do post an existing idea, a Sage representative will merge the ideas.

Does Sage Intacct have a native app or is it browser-based?

Sage Intacct is browser-based and does not have a native app.

What are Sage Intacct’s default modules?

Sage Intacct’s default modules are:

• Company
• General ledger
• Accounts payable
• Accounts receivable
• Cash management
• Purchasing
• Order entry
• Reports (financial reports and standard custom report writer)
• Budgets
• Dashboards
• Platform services

What types of users and access can be restricted?

There are three types of users:

• Business Users
  • Business Users can perform any action if they’re given the appropriate permissions. Their access can also be as limited as you want. For example, they can have access to enter accounts payable bills but not process payments or add new vendors. Business User permissions are specific enough that you can give them as much or as little access as they need to perform their jobs.
• Employee Users
  • Employee Users are essentially “read-only” users with some added functionality. Employee Users can view anything you give them access to, such as vendor information and financial reports. Employee Users can also perform functions like submitting expense claims or timesheets. They can also have approval permissions to approve accounts payable bills, purchase requisitions, employee expense claims, or employee timesheets.
• Limited Business Users
  • Limited Business Users follow the same rules as regular Business Users—they can view anything you give them access to. However, you can only give permissions for Limited Business Users to perform two functions (e.g., entering accounts payable bills and entering accounts receivable invoices).

Does Sage Intacct allow you to sign checks electronically and print them?

Yes! Sage Intacct allows you to upload electronic signatures that are automatically printed on a check when the check is printed. It also supports 2-signature checks.

Signatures can be assigned to each bank account, meaning that one bank account could have signatures uploaded for two people, and another bank account could have signatures for two different people.

Join Vision33’s live Sage Intacct demo.

We invite you to register for our next live demo to witness Sage Intacct in action and have your questions answered. Save your seat below!