It features a better user interface than some of its rivals. Adoption was pushed by one of our staff members, and the system’s users said they liked it. Overall, even with its price being subject to real-world increases, Intacct was the most user-friendly of the bunch. It slightly edged out NetSuite OneWorld for our general ledger accounting Editors’ Choice award. One major advantage of a SaaS app is that a true cloud-based app is accessible through a web browser. That, in turn, usually means the app can be easily accessed by mobile devices smart enough to support one of the popular web browser platforms.

There’s no significant difference between the two, except for the nature of transactions in the A/P module. When you enter a bill, you’ll need to fill in vendor information and view the posting details. The sales invoice window will show all information pertaining to the invoice.

What are some alternatives to Sage Intacct?

The transition to Intacct went very smooth, the program is easy to use, and the reporting is comprehensive. Switching to Intacct allowed us to simplify our GL, going from over 3,000 accounts to under 200. Factors that might affect cost include how many users need access to the software and whether you’d like add-on modules for advanced functionality or industry-specific features. For more information on pricing, small-business owners can call the company or reach out through an online form. Some Sage software products have a price list published online.

Sage Intacct is a cloud-based financial accounting software system with a broad set of functionalities for small to mid-sized businesses. It also supports functionality for built-in dashboards, real time reporting, time and expense management, project accounting, revenue management, and global consolidations for multiple entities. The solution provides an array of core accounting functions such as accounts payable, accounts receivable, general ledger, cash management, and order management.

Product Overview

A significant portion of our revenue is from annual support payments that we recognize over the time period of the annual support. The Revenue/Accounts Receivable Module makes it easy to record and recognize this revenue automatically rather than having to track it on a spreadsheet and figure out what needs to be recorded monthly. Secondarily, being a cloud based solutions has been very helpful when not in the office.Some frustration with the software revolves around the inability to change certain.

Based on an aggregate of reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst. It’s intuitive and user-friendly enough that it’s been easy to learn and use. Great financial software capable of managing and easily reviewing information. The Cash Management module is not robust enough to be able to get detailed GL reports out and can be a little cumbersome to learn. Wonderful accounting program for a small to mid-sized business, especially non-profits.

Software Suites for?

This allows businesses to gain a better understanding of their financial performance and make informed decisions about their operations. I was very satisfied with all the features offered by Sage Intacct, https://www.bookstime.com/ in particular the ease with which I was able to integrate my existing business processes. The customizable financial reports and the automatic bank reconciliation feature were also very useful for me.

What originally attracted us to this platform was the ability to do cloud accounting so everything was not centralized to one desktop application. We also liked how this platform could invoice AND process payments as that makes bank reconciliations https://www.bookstime.com/articles/sage-intacct a lot cleaner. One area where Intacct excels over most of the other apps I reviewed is in restating the books. All of the apps in the small to midsize enterprise (SME) market segment can do this, but none of the others make it quite so easy.

Articles on Sage Intacct

Adoption from one platform to another is smooth, as the software can easily be compared to today’s top accounting software. We were using Peachtree previously and had outgrown that product. Intacct gave us the ability to stop relying on spreadsheets to make our revenue recognition entries. This in turn gave us an annual ROI of around $50k because I was on the verge of having to hire someone to keep up with our growing revenue recognition issues. Since 2009 I have not had to add another employee to my department and I attribute that to the use of Intacct and the improvements they have made to their own product. Total estimated savings is over $250,000.There are so many reasons why I like Intacct.

• Intacct does not provide a presentable format when exporting a financial report into MS Excel.
• With that information available you should be ready to make an informed business decision that you won’t regret.
• Furthermore, implementing multiple features is relatively easy, due to the different viewing options available.
• One of the core values at Sage is a focus on customer success, and a large part of that means providing access to verified experiences that our customers have had using our software.

Overall, experienced accountants will like the reconciliation module. However, we can’t recommend this to business owners wanting to perform do-it-yourself (DIY) bookkeeping. Once the order has been received, you can create a PO receiver to document the receipt of goods. This window is similar to the “receiving report” in manual accounting systems. You can easily navigate between screens in Sage Intacct since it may be tailored to your specific financial transactions. Sage intaact was utilized by me to keep track of a client’s finances.