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Accounting & Audit

2020 Overview of Sage Intacct

Sage Intacct

Sage Intacct

Sage

www.sageintacct.com

From the 2020 reviews of small business accounting systems.

Mid-sized and growing businesses may want to take a look at Sage Intacct. A cloud financial management application, Sage Intacct is ideally suited to growing businesses that need to manage multiple locations, whether those locations are local or global, with the application able to provide accounting and financial data for each location, as well as a consolidated financial view of all locations. 

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Sage Intacct includes a role-based dashboard that offers a snapshot of all financial activity company wide, including cash balances, revenue totals, revenue per customer, and current operating expenses. In the body of the dashboard are key metrics such as revenue and profit, a balance sheet summary, revenue by class and a current cash flow statement. There are different dashboard views for management and staff, with the CFO dashboard displaying very different information than the dashboard of the regional manager or the AP clerk. 

Sage Intacct offers a core group of financial modules including AP, AR, Cash Management, GL, Order Management, and Purchasing. The product offers a flexible chart of accounts structure with pre-defined dimensions available for tracking locations, funds, vendors, items, or departments. Along with the core financial modules Sage Intacct also offers management reporting and the aforementioned dashboards, billing, budgeting and planning, and HR and people management. In addition, Sage Intacct offers advanced functionality with a variety of add-on modules such as Fixed Assets, Inventory Management, Project Accounting, Revenue Recognition, Sales and Use Tax, Spend Management, Time and Expense Management, and Vendor Payment Services. Optional budgeting and planning tools are also available in the application. Core financial modules can be purchased with additional modules added at a later date. Expanded audit trail functionality is included in the application which has been updated to reflect HIPAA regulations. 

Sage Intacct does not offer Payroll or Point of Sale modules but does include direct integration with ADP, with users able to set up and access the application directly through Sage Intacct. Integrations with numerous e-commerce, point of sale, and shopping cart applications are also available through Sage Marketplace.

Sage Intacct is a completely integrated system, with all modules designed to work together seamlessly. Sage Intacct also integrates with more than 100 third-party applications available through Sage Marketplace, including Bill.com, Expensify, Stripe, Magento, PayPal, Paychex, Avalara, TSheets, and Salesforce.

Best suited for growing businesses as well as businesses with an international presence, Sage Intacct is available via subscription, with users able to purchase the core accounting modules and add on additional modules when ready. Pricing is dependent on modules purchased as well as number and type of user, with a quote available from Sage Intacct upon request.