Intacct keeps our systems intact.
January 20, 2020
Intacct keeps our systems intact.
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Sage Intacct
We are partners that implement the software platform, and then deliver ongoing accounting services using that platform. We get a robust cloud-based accounting product for all of our clients. We specifically get better communication of underlying data and trends in our client's business through dashboards and automated reporting sent directly to client's email.
Pros
- Dashboards
- Multi-entity accounting and consolidations
Cons
- Multi-currency revaluations
- Assisting in the allocation of credit card transactions
- Increased value we provide to our clients.
- Increased efficiency in specific tasks.
This is the biggest improvement over prior accounting packages that our firm used. We now use the subledgers the way they are supposed to be used. Journal entries is not a good workflow! Now we have restricted the posting of journal entries to A/P and A/R subledgers via smart rules which allows us to always have a reconciliation of those subledgers.
We definitely use the multi-entity module, but are otherwise still a small business pricing model. The multi-entity module allows us to complete transactions at one level instead of constantly having to drop into a different company to perform tasks. We can also import transactions/journal entries at the top level and use the location dimension to tell the system which entity to post to.
No question, Intacct is a vastly better product that the QuickBooks products. The internal controls are so much stronger and pass audits with flying colors. The audit trail that we get from Intacct is also helpful in producing supporting documentation for our auditors when requested to do so. We found QuickBooks to be nothing more than a glorified checkbook with some cute GUIs. Intacct however is a true accounting system.
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