2023 R1 Release Notes
Watch the release notes video or scan the list below to get a quick understanding of the release highlights. In addition, you can review All changes on this page as well, or take a deeper dive to view release notes by category.
Release Highlights Video
Tour the release with VP of Product, Julie Adams.
Release Highlights
| Feature Description | Go There |
|---|---|
| Best-in-Class Financials | |
| AP Automation is now generally available Boost productivity and streamline your bill creation process by having Sage Intacct create draft bills for you. | Announcing general availability of AP Automation |
| Creation rules now support VAT and GST transactions Save time during reconciliation and automatically capture VAT and GST for transactions created using creation rules. | Creation rules now support VAT and GST |
| Filter available credits in Pay Bills Increase your efficiency when paying bills and apply just the credits you want. You can now quickly view available credits created within a date range using the new filter on the Pay Bills page. | Apply credits faster and with more accuracy |
| Support for electronic VAT tax submission for South Africa Enjoy improved flexibility and ease-of-use by choosing between manual and electronic filing for VAT 201. | Electronic filing for South African taxes |
| Expanding Beta for Lists enhancements There’s even more to look forward to in our enhanced Lists beta this release. – Personalize list views on the fly—reorder, resize, and freeze columns with drag-and-drop interactions. – View precisely what you need to see with advanced filtering and sorting. – Compare records using a split screen. And more! | Lists enhancements – Try it! |
| Updated user interface labels across Intacct Updated user interface labels across Sage Intacct to improve consistency and simplicity. | User interface label changes |
| Industry Highlights | |
| Sage Intacct Mateo Get the flexibility and control you need to manage your savings and loan programs with Sage Intacct Mateo. – Close a savings account and distribute the account balance in just one step. – Close savings periods when you want, or leave them open as long as needed. – Import more data types and specify where data will post. | Streamlined process for closing a savings account Enhanced interest and statement-generation features New data import options |
| Subscription-based businesses Enjoy improved usability and flexibility for your contract needs, including support for additional evergreen billing scenarios. – Model different billing plans without affecting the sub-ledger with a billing schedule preview. – Clearer guidelines for best practices for contract journal configuration. – Include variable usage charges in open-ended subscriptions. | Try out billing schedules before saving New journal configuration validations keep reporting on track Usage billing with evergreen contracts |
| Project-based businesses Achieve more control and visibility for managing your project. – Assign Project Manager users permissions to create and edit order and quote type transactions. – View the payment status and approval status of source transactions before generating project invoices. | Expanded permissions for project manager users See the transaction state of billable invoice lines in Preview |
| Construction Get a streamlined workflow and increased visibility for project contracts. – Release retainage in project contract billing. – View project contract billing details directly from your contract. – Project contracts post to GL budget. – Expanded custom reporting for Construction Payroll. | Bill Construction retainage when generating project contract invoices See project contract billing and payment details from your project contract Post Construction project contract entries to GL budgets New Construction Payroll reporting areas |
All changes
Below is a comprehensive list of changes made in Sage Intacct during the 2023 Release 1.
Company and Administration
| Updated | Migrate to multi-entity: We’re migrating select single-entity companies to multi-entity companies with a top level. Will you be among the first to upgrade? Name and ID your entity: We’re upgrading select single-entity companies to multi-entity companies with a top level. Now’s your chance to name and provide an entity ID for your newly upgraded entity. New and updated permissions: We changed permissions for Projects. New permissions reports: We’ve added two new reports to simplify tracking and managing user permissions. |
Accounts Payable
| Added | AP Automation: Announcing general availability of our automated bill creation service. |
| Updated | Enhancement to Vendor Payments powered by CSI: Vendor Payments now supports setting up an additional email address for remittances. Save time applying credits to bills: Restrict available credits to a date range using the new Pay bills filter. Security control for summary batches: To reduce potential discrepancies in your transactional data, the option to edit summaries and payment summaries is now available only for manual summaries. CSV import change: Imported amounts with more than two decimal places are now rounded. |
Accounts Receivable
| Added | New payment object for reporting: We added a new Accounts Receivable payments object so you can run a centralized and detailed report for all AR payment transactions. |
| Updated | Security control for summary batches: To reduce potential discrepancies in your transactional data, the option to edit summaries and payment summaries is now available only for manual summaries. CSV import change: Imported amounts with more than two decimal places are now rounded. |
Budgeting and Planning
| Note | Sage Intacct Budgeting and Planning is an add-on application that offers a collaborative environment for creating and managing budgets. Talk to your account manager for more information. |
Cash Management
| Added | Connect a French bank account to a bank feed: Use the service provider, Nordigen, to connect your French accounts. |
| Updated | Creation rules and VAT and GST: Use transaction templates to capture VAT and GST in transactions created for reconciliation. |
Construction
| Added | Post Construction project contract entries to GL budgets On Construction project contract lines, post line entries to General Ledger (GL) budgets and change request entries. Budget entries post to the GL budget account and appear on financial reports. Sage Intacct Construction Payroll: Use Construction payroll functionality to automate and simplify payroll tasks associated with Construction projects. Bill Construction retainage on project contract invoices: You can release and include billed retainage with your regular project contract billing when you generate project contract invoices. Announcing Sage Field Operations: The Sage Field Operations mobile app provides the team in the field with the critical information they need and syncs seamlessly with Sage Intacct Construction. |
| Updated | See project contract billing and payment details from your project contract: View invoices, retainage releases, and payments for project contract and project contract lines directly from the contract Billing details tab. |
Contracts
| Added | Billing schedule preview: Model different billing plans for the contract term without affecting the subledger. |
| Updated | Usage billing with evergreen contracts: Include fixed charges and variable usage charges in open-ended subscriptions. New validations in Contracts journal configuration: We added safeguards that clarify the best practices for accurate contract reporting. |
General Ledger
| Added | Choose how the Trial balance report shows opening and closing balances: We added a new checkbox that lets you choose to show opening and closing balances as debits and credits combined or as debits and credits separately. |
Help and Training
| Added | Sage University is here!: All your training needs are now at Sage University. Learn about the benefits of Sage University and what you need to do to access your training. We added new help, training courses, and videos to help you get the most out of Sage Intacct: Check them out here. |
Inventory Control
| Updated | Fulfillment for sales orders: We’re continuing to offer fulfillment (Pick, Pack, Ship, and Invoice) in an Early Adopter program. Commit quantities during order entry: We’re continuing to offer the ability to dedicate quantities for specific orders in an Early Adopter program. |
Lease Accounting
| Added | Sage Intacct Lease Accounting: We are continuing to offer Lease Accounting in an Early Adopter program. |
Sage Intacct Mateo
| Added | Streamlined process for closing savings periods: You can now close a savings account and distribute the account balance in one step. Enhanced interest and statement-generation features: We’ve improved the processes for closing savings periods and correcting transactions from closed savings and loan account statement periods. New data import options: We’ve expanded the list of data types that you can import and added options for posting the data. |
Order Entry
| Added | Specify location and department in subtotals at the top level: For companies that have upgraded from being a single-entity company to multi-entity, enable a new configuration option that lets you set these dimensions in the subtotals. |
| Updated | Fulfillment for sales order management: We’re continuing to offer fulfillment (Pick, Pack, Ship, and Invoice) in an Early Adopter program. Commit quantities during order entry: We’re continuing to offer the ability to dedicate quantities for specific orders in an Early Adopter program. |
Projects or Grants
| Added | See the state of project billable lines: You can now see payment status and approval status before creating transactions for project invoices. |
| Updated | Expanded project manager permissions: Assign Order Entry (OE) permissions to your project manager users so they can add, edit, and delete Order Entry transactions (Quote and Order template types). |
Purchasing
| Added | Specify location and department in subtotals at the top level: For companies that have upgraded from being a single-entity company to multi-entity, enable a new configuration option that lets you set these dimensions in the subtotals. |
Reporting – Advanced
| Added | Construction reporting areas in ICRW: ICRW offers new Construction payroll reporting areas to enhance managing and tracking direct and indirect labor costs for your projects. New payment object for reporting: We added a new Accounts Receivable payments object so you can run a centralized and detailed report for all AR payment transactions. New permissions reports: We’ve added two new reports to simplify tracking and managing user permissions. |
Sage Intacct Advanced CRM
| Added | More sync options for Projects and Tasks: Projects and Tasks can now be synced bidrectionally, and the Audit trail comes to the Intacct Advanced CRM. |
Taxes
| Added | Electronic filing for South African taxes: Submit VAT taxes manually or electronically for South African multi-tax entities with our new electronic filing workflow. |
Time and Expense
| Updated | Security control for summary batches: To reduce potential discrepancies in your transactional data, the option to edit summaries and payment summaries is now available only for manual summaries. |
User Experience
| Updated | Lists enhancements: Get key improvements to more easily drill down to view required data. Learn more about the enhanced list features. More accurate addresses: The Country field moved to facilitate more accurate addresses for all users. See where the Country field moved. Updated user interface labels: In this release, we updated UI labels throughout Intacct for clarity and consistency. Learn more about label changes. |
| Coming Soon | Our website address is changing: We will soon migrate to sage.com for a more consistent user experience across Sage products. |
Web Services
| Dev portal | Watch the Sage Intacct Developers portal blog to stay up-to-date on great new features in Web Services. |
