Accounting is Easier with Sage Intacct
Elaine Oakman | TrustRadius Reviewer
Updated October 09, 2018

Accounting is Easier with Sage Intacct

Score 9 out of 10
Vetted Review
Verified User
Review Source

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.

  • 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.
  • 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."
The automation has been a great time saver and has allowed greater efficiency, particularly in daily processes as well as allowing for a shorter audit period. I appreciated the fact that there was less information to pull for auditors when they were able to view invoices and bank reconciliations/statements inside Sage Intacct.

Multi-entity has allowed for less complication in booking our European subsidiary financials. The fact that the financials can get reported in Euros, and then converted in Consolidation, has allowed for less complications in recording. Also, the fact that outside vendors, such as Expensify, can be linked to Intacct has allowed for more efficiency. This linking feature allows other departments to code and record their own expenses, and once approved they are fed to 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

Accounts payable
Accounts receivable
Cash management
Bank reconciliation
Expense management
Multi-currency support
Multi-division support
Self-service portal
Intercompany Accounting
Journals and Reconciliations
Enterprise Accounting
Configurable Accounting
Not Rated
Centralized Rules Framework
Standardized Processes
Reimbursement management
Not Rated
API for custom integration
Not Rated
Not Rated
Role-based user permissions
Single sign-on capability

Not-For-Profit Usage

Ease of Closing-Intacct has made the close process more streamlined.

Ease of Corrections-Made it easier to correct information.

Reconciliations are Contained within the system

  • Expensify
The integration had a few glitches; but afterwards it was a smooth process.
Dashboards have not been used completely in Intacct.
Due to the multi-entity functionality; Intacct has made the global consolidation clearer. The fact that entities can be entered in the functional currency has made entry recording simpler. The complexity of making entries has diminished with the use of Intacct.
The broader mission of providing clearer and quicker information has been met with the use of Intacct. It is easier to provide needed information in response to questions in a more concise way. Intacct has literally put information at my fingertips, and as a result internal and external customers inquiries can be addressed in a timely fashion.

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.