If you’re using Sage Intacct chances are you’re only scratching the surface of its capabilities. While it’s already one of the most powerful cloud-based financial management systems, there are hidden features and clever hacks that can help users streamline workflows, improve financial reporting, and save users hours of manual work.
No need to waste time manually entering the same journal entries every month. Sage Intacct allows you to schedule and automate these so they just…happen.
How to set up:
If you’re stuck manually allocating expenses across departments, you will love the time-saving Dynamic Allocations application available in Sage Intacct. With Dynamic Allocations, you can automate the distribution of costs based on revenue or any other metric.
How to set up:
For more information, check out our How to Use the Allocations Function in Sage Intacct blog.
If you’re managing multiple entities, intercompany transactions can be hard to track – unless you automate them. Sage Intacct can automate intercompany entries when one entity pays a bill for another, when you deposit customer payments into a different entity’s bank account, or even with funds transfers.
How to set up:
For more information, check out our How to Use Inter-Entity Transactions in Sage Intacct blog.
Bank reconciliations can be time consuming for many of our clients. Intacct’s powerful matching tool allows users to set up bank rules to speed up this month-end task.
How to set up:
Reports can be generated using GL accounts or dimensions. These dimensions can be included in both the rows and columns of your financial statements. Users can also create groups of dimensions that are available as a filter for reports. If you have found yourself using all available dimensions and still needing more, contact RKL and ask about a user-defined dimension. This will give you all of the reporting flexibility as the other dimensions.
How to set up Dimension Groups:
If you have ever caught yourself correcting the same data entry mistake regularly, this might be a good opportunity to set up a smart rule. Smart rules are conditions that generate warning or error messages to users. They can be triggered with three types of inputs: adding, changing, or deleting objects and transactions.
How to set up:
For more information, check out our How to Create a Smart Rule to Enforce Required Fields on a Project in Sage Intacct blog.
A well-built dashboard gives you a real-time snapshot of your business without the need to manually run reports. You can add your most frequently pulled reports and metrics to a dashboard. In addition, dashboards can be set as a login landing page, giving you the information you need from the moment you log in to Intacct.
How to set up:
For more information, check out our Sage Intacct Financial Dashboards for CFOs blog.
If you find yourself running the same reports at month-end, consider setting up a report group scheduled to automatically email you the reports within the group. The reports can be scheduled weekly, monthly, or even following general ledger close.
How to set up:
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