a r m a n i n o la l rpm.

a n m
c o i n o l l p . c o m

May 18, 2022

Latest Updates in the

Sage Intacct 2022 Release 2

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 2

To d a y ’ s P r e s e n t e r s

Michelle Schimberg, CPA

Director, Consulting

Michelle has over 30 years of accounting experience. She came to Armanino

to help clients get the most of their product! She loves teaching clients about
Sage Intacct!!

Jennifer Jensen
Manager, Consulting

Jenny has been working in the industry for 10 years. She loves sharing the
newest and greatest updates from Intacct with others.

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 3

Knowledge

Learning Objectives
Identify new release Demonstrate the new Manage the latest
features of your user experience and release of the
solution navigation solution to maximize
its potential

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m

Exploring New Areas

Agenda
 Company & Administration  Order Entry & Purchasing
 Accounts Payable  Reporting
 Accounts Receivable  User Experience
 Budgeting & Planning  Platform & Customization Services
 Cash Management  Web Services
 Construction
 Contracts
 Inventory

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 5

Company and Administration

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 6

C O M PA N Y A N D A D M I N I S T R AT I O N

Export Individual Fields in Data Delivery Service

 Go to Company > Setup Tab > Data delivery service and select Manual or Automatic > Select fields to export

Requires subscription to Data Delivery Service (DDS)

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 7

Coming Soon!!
C O M PA N Y A N D A D M I N I S T R AT I O N

Improved Audit Trail

 Audit trail fields added to the custom report writer: Field Before, Field After and Field name

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 8

Accounts Payable

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 9

ACCOUNTS PAYABLE

Early Adopter: AP Automation

 Uses AI to capture data from your PDF vendor invoice and creates a draft bill
 Upload or email bills into Intacct
 Automatically attaches the vendor invoice PDF
 Leverages GL Outlier to report Exceptions

Contact your Client Manager if you are interested in being an Early Adopter
© Armanino LLP. All Rights Reserved
 a r m a n i n o l l p . c o m 10

A C C O U N T S P A YA B L E

Summary Header for Vendors

 Find key vendor information like their last bill and payment dates in the new summary header

Last bill created on and Last payment sent on can be added to a custom list view

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 11

A C C O U N T S P A YA B L E

Vendor Payments Powered by CSI

 Payment withdrawal options: Lump sum or per transaction
 Upload signatures for only payment services
 Payment provider tab allows you to see differences from CSI and Intacct vendor
 Enable edit of email address for CSI Notifications

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 12

Accounts Receivable

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 13

ACCOUNTS RECEIVABLE

Dunning Notices
 Print or Email dunning notices from Sage Intacct to customers based on the number of days overdue or amount due
 Delivery option: Print, email or both
 Can attach invoice to the dunning email
 Track dunning notices sent on the customer record
 Set up multiple dunning levels

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 14

ACCOUNTS RECEIVABLE

Receive Payment Enhancements

 Automatically apply available credits when you receive a payment
 Credits applied with the waterfall method

 Create Journal entries, Adjustments and Advances from the Receive Payments page

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 15

Budgeting and Planning

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 16

BUDGETING AND PLANNING

Planning
 Expand budgeting capabilities in an easy and impactful way
 Reduce budget creation time
 Increased scope and depth of budget data
 Subscription to Sage Intacct Planning module is required

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 17

Cash Management

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 18

CASH MANAGEMENT

Creation Rules
 Previously rolled out to only Early Adopters.
 Automate your reconciliation with the matching rules
 New type of rule that creates journal entry transactions
 Automate Intacct to create the journal entry for bank fees and daily
deposits
 Filters make it possible to target different transactions such as
“begins with” and “contains”
 If using JE approvals, the rule will create a draft match JE Once
approved, the JE will post to the GL and match the bank
transaction for the reconciliation

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 19

CASH MANAGEMENT

Rule Set Performance

 Rule set helps in matching transactions between the bank
and Intacct every time a bank feed is refreshed or when you
import a bank file
 Log of how many transactions the rule attempted to process
and how many transactions were matched and created
 Additional permissions are required

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 20

CASH MANAGEMENT

Transaction Template
 Define how to create a matching transaction in Intacct for
reconciliation
 Template for importing bank transaction rules and rule sets
 Currently, you can only create transaction templates for
journal entries, but look forward to more functionality in the
future

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 21

Construction

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 22

CONSTRUCTION

Introducing Project Contracts

 Construction subscription is required
 Use project contract and its corresponding project contract
lines to capture a mix of billable details in your construction
project billing
 Use different billing types
 Map project cost codes to project contract lines
 Bill project contract lines using OE similar to AIA invoice
format
 Apply rate tables and markups

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 23

CONSTRUCTION

Integrate Project Contracts with

Change Management
 When linked, the change request inherits changes to the
project change order, such as price effective date or updates
to the change request status
 When you generate invoices, project contract lines will reflect
associated project changes to the total revised contract price
 Workflow types Original, Revision, and Approved change
can update the total revised price of the project contract line
 Additional permissions are required

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 24

CONSTRUCTION

Generate Project Invoices

 Using project contract line to bill by percent or by lump sum,
or invoice for billable transactions, you can generate project
invoices that include all invoice types
 New fields support project contract billing that resembles the
AIA format
 Create a progress bill invoice template with project contract
totals (previously billed amounts and total retainage held)

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 25

Contracts

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 26

CONTRACTS

Evergreen Contracts
 Manage contracts without end dates with the new Evergreen term type
 Choose to support only Termed, only Evergreen or Both
 A contract can only be either termed or Evergreen, not both
 Contract line will show the scheduled billing and revenue for one ”in progress” period
 When recurring period ends, a new contract line with the same contract line number for the next recurring period is
created

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 27

CONTRACTS

Auto Apply Adjustment

 When a contract line is cancelled, automatically create and apply a cancellation adjustment to the correct contract
invoice in scenarios where there is an invoice that will never be paid
 Payment posting dates for the adjustment are as follows:
 Cancellation date is before the invoice date, the payment date will be the invoice date
 Cancellation date is after the invoice date, the payment date will be the cancellation date

Caution: You can not uncancel a contract line that you canceled with an adjustment.

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 28

CONTRACTS

Rename: Invoice Policies

 Generate invoice filter sets are renamed to Invoice policies
 You can still save and re-use frequently used invoice filters
 If you're not currently using saved filters but want to take
advantage of future invoice automation, Sage Intacct
recommends that you prepare now by becoming familiar with
invoice policies

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 29

Platform and Customization Services

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 30

P L AT F O R M A N D C U S T O M I Z AT I O N S E R V I C E S

Early Adopter - Application Namespace

 Add application namespaces when you create or edit custom applications, custom objects, or custom fields
 Differentiates the custom objects and custom fields that you use in your application from Sage Intacct objects and
from objects in other applications

https://developer.intacct.com/

Contact your Client Manager if you are interested in being an Early Adopter
© Armanino LLP. All Rights Reserved
 a r m a n i n o l l p . c o m 31

Order Entry, Purchasing & Inventory

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 32

INVENTORY

Track Stockable Kits

 Track stockable kits by serial numbers, lot numbers, bins, expiration dates, or any combination
 Include Kit components that are enabled for tracking in both tracked and non-tracked kits
 Posting Details tab has been added to Build Kit and Disassemble Kit transactions that post to the GL

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 33

INVENTORY

Cycle Count Enhancements

 All items will be available for cycle counts regardless of the quantity on hand
 Zero or negative balance items will be available in the cycle counts increasing your inventory accuracy

 Ability to assign dimension values for reconciling cycle counts

 Required dimensions will have an asterisk

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 34

O R D E R E N T R Y, P U R C H A S I N G A N D I N V E N T O R Y

Early Adopter – Update to Subtotals

Distribute entity-level subtotals
 Simple Tax, you can distribute the subtotals for transactions that are created at the entity level will be distributed to
the line items in the transactions
Populate subtotal dimensions
 In a multi-entity environment, you can set dimension values for the subtotals at the top level
 Previously, the dimensions in the subtotal lines were only editable for transactions created at the entity level

Contact your Client Manager if you are interested in being an Early Adopter
© Armanino LLP. All Rights Reserved
 a r m a n i n o l l p . c o m 35

ORDER ENTRY

Early Adopter – Fulfillment

 Enhance the experience for the Warehouse team to utilize
the tools to track and ship sales orders in a timely fashion
 Provides pick and pack lists making their workflow more efficient
and reduction in cost
 Intacct will reserve and allocate quantities so the quantities cannot
be used elsewhere

 Commit quantities during Order Entry

 Transaction for Sales Order is enabled for reserving and picking
inventory items, two fields will appear for line items in the entries
section (Quantity Reserved & Quantity Picked (Allocated))

Contact your Client Manager if you are interested in being an Early Adopter
© Armanino LLP. All Rights Reserved
 a r m a n i n o l l p . c o m 36

Reporting

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 37

REPORTING

Include Inactive Dimensions in Reports

 Include inactive dimensions in report selection
 Allows the filter prompts to show all values regardless of whether the dimension or account is active or inactive. This means that
both active and inactive options appear in drop-down selections

• For existing users, the value remains Hide inactive values unless you change the setting to Display all values
• For new users, the default is Display all values
• This is a user preference

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 38

Tax

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 39

Ta x

Capture Tax Information for custom reports

 Access all VAT/GST enabled transaction detail in GL,AP,AR,PO,OE,CM, EE
 Drill down to transaction screens
 Supports custom fields

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 40

Ta x

Enhanced Reporting VAT/GST Tax Submission

 New reporting object ‘Tax Record Box’
 Group transactions by ‘box number’
 Can Drill to transactions to view details

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 41

Ta x

Default Tax Details for Transactions

 Select detail tax schedule for a customer or vendor contact

 Tax details automatically defaulted when transaction line is created

 Can override the default

 Accounts Payable  Accounts Receivable

 Invoices
 Bills
 Recurring invoices
 Recurring bills
 Payment adjustments
 Payment adjustments
 Manual deposits
 Manual payments

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 42

User Experience

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 43

USER EXPERIENCE

Updated look and feel

 Simple sign in
 New logo and colors
 Ability to change header colors (black or white)

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 44

USER EXPERIENCE

Coming Soon!!
 The future in lists is in…..Expanded Beta testing
 Advanced filtering
 Ability to reorder, resize, freeze columns with drag and drop interactions
 No need to go to another screen to customize the list view
 Split screen between list views and records

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 45

Web Services

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 46

WEB SERVICES

Enhancements to API
 Accounts Receivable, create dunning level definitions
 Construction, you can create Project Contracts that are integrated with change management and billing, use rate
tables, employee timesheet options to bill by position, class, shift, and union
 Contracts, support for perpetual terms and create invoices using policies
 Data Delivery Service, ability to select filters, fields to return, and field order
 General Ledger, journal entry transaction source marked for bank reconciliations and run standard reports
asynchronously
 Inventory, work queue orders and work queue details, include non-inventory items in inventory, inventory tracking for
stockable kits and API support for Inventory Cycle Counts
 Tax Schedules, setting default tax solutions and tax schedules for contacts, vendors, or customers (AU, GB, and ZA
only)
visit: www.developer.intacct.com
© Armanino LLP. All Rights Reserved
 a r m a n i n o l l p . c o m

Armanino Led Intacct Virtual Classes

Whether you have new employees that need to get up to speed quickly, or simply need to
learn more about the features and functionality of Sage Intacct, check out our Armanino
Academy!

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m

Thank you for attending

Additional Questions?
Reach out to us at
[email protected]

© Armanino LLP. All Rights Reserved

 a r m a n i n o l l p . c o m 49

ARMANINO’S SALESFORCE PRACTICE

Salesforce to Intacct Integration Expert

 Complete lead-to-cash implementation
 Data visibility for entire team
 Eliminates manual file transfers and re-keying of information
 From simply out-of-the-box integration or advanced options
 Special integration pack for nonprofit organizations

Ready to learn more? Contact [email protected] or your Client Manager to learn

more about integrating Salesforce with Sage Intacct.
© Armanino LLP. All Rights Reserved