Accounting is Easier with Sage Intacct
Updated October 09, 2018

Accounting is Easier with Sage Intacct

Elaine Oakman | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Sage Intacct

Sage Intacct is a great accounting product. It is used to do our daily accounting for our Non-profit; inclusive of financial statements. I had previously used other Accounting Software. However, what I love about Sage Intacct is the ease in which corrections can be made as well as the Automation that is allowed with the Accounts Payable function. Since using Sage Intacct we have been able to outsource a portion of our Accounts Payable process.

In terms of being used across the organization, we have been able to use the Purchasing feature tied to Accounts Payable. We have rolled it out on a limited basis. I do find that the process in splitting an invoice is a little confusing. I do find the date conversion feature limiting when converting a bill for approval to an invoice; I would hope it could keep the original date.

I also appreciate that the bank reconciliation is housed inside Intacct and we have been able to utilize this feature as well.

Pros

  • Corrections are easy to perform in Intacct. Also, credits can be placed on the same screen in Accounts Payable.
  • Integration with other programs such as Expensify.
  • Financials are easy to understand.

Cons

  • Purchasing feature needs more clarity and more expanded features; including maintaining original date.
  • Accounts Payable doesn't have the ability to look at a vendor at a glance, other than running a report. Previous product let you pull a vendor under vendor screen and see all transactions.
  • Bank Reconciliation feature is great, but should allow for more complexity in terms of clearing items.
  • Productivity has increased particularly with Accounts Payable.
  • Error corrections have made work less cumbersome.
  • With information being housed inside Intacct, it allowed for a shorter yearly audit. Auditors were able to pull information directly from Sage Intacct. In fact, one auditor said "Everything was in Intacct."
With any product there is always room for improvement. There is always room for improvement, particularly in Accounts Payable (when an ACH is rejected through bank); some tie in to Intacct would be desirable in this situation.
Sage Intacct has greater capabilities then Microsoft Dynamics, especially when it comes to Financial Reporting. I found that it was more complicated to run Financials in Dynamics. Also, the fact that Sage Intacct is housed in a Cloud versus a server makes it easier to work from any location.
Sage Intacct is a great product; I would use the small business version in my personal endeavors. I believe Sage has taken away some of the complexity encountered in previous accounting software.

Sage Intacct Feature Ratings

8.3
Accounts payable
9
Accounts receivable
5
Cash management
9
Bank reconciliation
8
Expense management
9
Multi-currency support
9
Multi-division support
9
Self-service portal
7
Intercompany Accounting
9
Journals and Reconciliations
9
Enterprise Accounting
9
Configurable Accounting
Not Rated
Centralized Rules Framework
9
Standardized Processes
7
Inventory Management ()
Not Rated
Order Management ()
Not Rated
Not Rated
Reimbursement management
Not Rated
Reporting & Analytics ()
Not Rated
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
9.0
Role-based user permissions
9
Single sign-on capability
9

Not-For-Profit Usage

  • Expensify
The integration had a few glitches; but afterwards it was a smooth process.

Using Sage Intacct

6 - There are 2 groups that Utilize Intacct, the Operations Group as well as a Functional Group. Functional groups utilize the Purchasing features of Intacct.
  • Reporting
  • Accounts Payable
  • Purchasing
  • Paperless Accounts Payable
  • Utilizing Purchasing for Invoice Approval
  • Global Consolidations
  • Payroll Integration
Intacct is a great system in my opinion. I have utilized several systems throughout my career; however, I find that Intacct is one of the best. Intacct in my opinion, is very intuitive.

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