Intacct Review

The scoring formulas take into account multiple data points for each financial product and service. Christine Aebischer is an assistant assigning editor on the small-business team at NerdWallet who has covered business and personal finance for nearly a decade. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance.

Sage Intacct works smoothly and perfectly compared to its competitors. It has a very intuitive and user-friendly interface that makes it super easy to get started with. You can drill into different general ledger account details in a quick way. General ledger makes data entry smoother and less time consuming, while minimizing errors in financial reports.

FreshBooks may provide a more modern user experience and greater product transparency. LTSE Equity is the equity management platform designed to help visionary companies across their complete journey. Use our free recommendation engine to learn which Financial Performance and Strategy Management solutions are best for your needs. Extremely pricey with a lot of promises made from their sales people but not a lot more function than Wave, Quickbooks Online or Xero. Sage Intacct has 423 reviews with an overall average rating of 4.4. The procure-to-pay workflow shows you the steps in the purchasing process.

Overall, even with its price being subject to real-world increases, Intacct was the most user-friendly of the bunch. It slightly edged out NetSuite OneWorld for our general ledger accounting Editors’ Choice award. And, for those with more individual needs, I had no trouble customizing and extending these workflows to create additional tasks. As an example, in the General Ledger, selecting “Overview” brings up a dashboard with three horizontal boxes labeled “Data,” “Tasks,” and “Reports” with a workflow laid out for each of these segments. Hit the “Trial Balance” icon in the “Reports” workflow and you get a screen that lets you set the parameters of the report and then generate the report.

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• There’s no significant difference between the two, except for the nature of transactions in the A/P module.
• I love it because I can access the system not only from the computer, but also because it has a very complete mobile version.
• You can also create custom reports using the interactive custom report writer.

It automates processes effectively so you can administer day-to-day operations with more attention. It lets you act fast in facilitating changes with deep insights and flexibility. Sage Intacct lets accountants and business owners collaborate in the cloud and message each other within the software.

When To Use Sage Intacct

Our partners cannot pay us to guarantee favorable reviews of their products or services. See side-by-side comparisons of product capabilities, customer experience, pros and cons, and reviewer demographics to find the best fit for your organization. Compared to competitors, the Sage Accounting dashboard is reminiscent of an older desktop-based software. The color scheme is monotone, the font is small and although it isn’t particularly difficult to use, it doesn’t have the same approachability as some alternatives. FreshBooks is an even better option, offering unlimited time tracking and mileage tracking with all plans.

The GL manages sophisticated double entry accounting tasks across multiple entities, whether locally or globally. You can merge data, manage currency conversions, and generate consolidated reports without having to wait for the end of the month. If you think general-purpose bookkeeping solutions might meet your company’s needs, check out our evaluation of the best small business accounting software. PCMag.com is a leading authority on technology, delivering lab-based, independent reviews of the latest products and services. Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology.

FinancialForce vs Sage Intacct

Software Advice’s FrontRunners report ranks top products based based on user reviews, which helps businesses find the right software. Intacct generates around 150 built-in reports, with visualization features like graphs, charts, and performance cards. It provides a multidimensional view of your balance sheet, income statements, cash flow statements, and other critical reports. You can also create custom reports using the interactive custom report writer.

On the flip side, Sage Intacct’s operational functionality is not a perfect fit for every business. Some users seek out other third-party solutions to manage their manufacturing, inventory, payroll, and time and expense management needs. What originally attracted us to this platform was the ability to do cloud accounting so everything was not centralized to one desktop application. We also liked how this platform could invoice AND process payments as that makes bank reconciliations a lot cleaner. Sage Intacct subscriptions include the Essential support plan, and support is available 24/5.

Sage Intacct’s strength is multicompany accounting and multicurrency management. These features become extremely useful if you conduct transactions outside the United States and pay in foreign currency. Transactions are posted in real time, with the ability to configure how transactions are posted in each account. You can also create and organize account groups, such as checking or cash, to help generate reports. Sage Intacct has a sophisticated general ledger with a multidimensional chart of accounts.

Reviews

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You can upgrade to Bronze, Silver, and Gold for additional services like consulting, learning membership, and faster response. Only the Gold tier has a response time of one to four hours; the rest of the plans have a response time of one to eight hours. If you have a foreign affiliate, Sage Intacct can also consolidate financial statements. There’s no need to create a tedious working paper when eliminating intercompany transactions or translating your foreign affiliate’s financial statements to US dollars. Intacct is enterprise-class general ledger accounting software with a well-designed balance between utility and ease-of-use. Compared to its alternatives, Sage Intacct is fast, simple and easy to use and manageable.

It caters to a wide range of industries, including construction, real estate, financial services, professional services, and nonprofits. Inventory tracking can be a particularly useful feature of accounting software for product-based businesses. Not all accounting software solutions offer inventory management, however, and some that do offer it only with their top-tier plans. QuickBooks Enterprise is the most robust and similar to Sage Intacct.

While Intacct is multidimensional, so are all of the others, regardless of the underlying database. Be it Microsoft SQL Server, SAP HANA, or Oracle, all are relational databases and can reorient their order on specified fields. That being said, Intacct’s approach is novel and I like it a lot. Several other vendors’ apps, such as SAP Business One Professional and Sage 300c, display the underlying data on a graph point when you hover the cursor over the specific area on the graph. Intacct lets you swap back and forth between the graph and data table by clicking a button in the lower corner of the graph widget.

The system allows the user to only use applications that are needed, eliminating time-wasting systems and boosting productivity. It has a lower price point, solid feature set, user-friendly interface and hundreds of integration options. You’ll find tools for reconciliation, inventory, invoicing, bills, expenses, projects, purchase orders, fixed assets and more. Although Sage Accounting is perhaps the most suitable Sage software product for small businesses, it’s only one of many solutions the company offers. When you sign in for the first time, you’ll see the Getting Started wizard, which can walk you through the steps needed to get your account set up.

You’ll find that competitors like Wave, FreshBooks and Zoho, among others, have a more modern design. The dashboards are often colorful, with navigation menus on the side of the screen as opposed to laid out across the top. Additionally, due to the popularity of Sage in Canada and the United Kingdom, you may find it more difficult to find user support resources specific to U.S. versions of the software.

This allows people who may not fully understand the accounting aspect of the business to immerse themselves in the collected data. When it comes to boosting productivity, Sage Intacct includes creative multicurrency management tools. This feature lessens the burden of computing for currency differences from small-scale transactions, such as, vendor management to highly complex international transactions. Sales tax automation can be set to streamline compliance by ensuring that all laws, jurisdictions and clauses are looked over closely.

The first left-most set of numbers would be the top-most account description . This is followed by several sets of subaccounts defining multiple accounts rolled up into the major account, with further numerical segments for location, division, and other delineations. Many of the apps I reviewed had up to 10 definable account segments. You can reach reporting via the dashboard and create what Intacct calls “Performance Cards,” which will appear at the top of a dashboard.

This window is similar to the “receiving report” in manual accounting systems. Approved purchase requisitions can be converted to purchase orders for faster data entry. You’ll also see key financial ratios, revenue charts, expense graphs, and a balance sheet. Eric is a staff writer at Fit Small Business and CPA focusing on accounting content. He spends most of his time researching and studying to give the best answer to everyone. Tim is a Certified QuickBooks Time Pro, QuickBooks ProAdvisor, and CPA with 25 years of experience.

With features that help businesses automate workflows and revamp their financial management strategies, Sage Intacct offers more than your standard accounting software product. It lets you customize approval workflows, establish spending limits for different departments and locations and automate fixed asset management, among other things. The system can also accommodate businesses with multiple locations across the world by handling currency conversions and local tax reporting.

The pre-qualified applicants function saves us a lot of time, because the system automatically eliminates applications that do not meet the scholarship requirements. It has the option to export PDF and Excel files to share with administrators and collaborators. Users without accounting and accounting software experience will find Sage Intacct hard to learn. It isn’t software that can be used easily right out of the box as it’s meant for certified public accountants and bookkeepers with extensive knowledge of accounting information systems.

I tested the app using the Chrome browser with a Microsoft Surface 3 tablet, an iPad Air, and a Lenovo Yoga Android tablet. All three allowed me to sign onto the test account and maneuver through the system. To get a quote tailored to your specific needs please contact the vendor directly. Many or all of the products featured here are from our partners who compensate us.

The Accounting plan takes reporting to the next level with cash flow forecasts, profit analysis, accounts payable aging reports and stock movements. For comparison, accounts payable and receivable reporting requires the Essentials version of QuickBooks Online ($50 per month). “Sage Accounting” is used to refer to the cloud-based software we’ll be reviewing here, as well as one of the two pricing plans offered for this product — Sage Accounting Start and Sage Accounting. Knowing that businesses have specific business needs, it is sensible they abstain from deciding on a one-size-fits-all, ”best” software.