Sage has recently released the Sage Intacct 2024 R3 version update. This new release brings a variety of features designed to make your accounting tasks more efficient, enhance your workflow and provide clearer insights into your business operations. Here’s a review of some of the Sage Intacct 2024 R3 highlights.
Accounts Receivable
New AR invoice fields identify original transaction documents
To improve visibility into document conversions, the 2024 R3 release includes several new fields that are returned in read request results for the Accounts Receivable invoice object. These new fields are returned for invoice objects that reference a transaction in Order Entry.
The new fields include:
- Record number of the originating document in the workflow conversion.
- Record number of the line item in the originating document in the workflow conversion.
- ID of the originating document in the workflow conversion.
- ID of the line item in the originating document in the workflow conversion.
This enhancement allows users to easily access ready-to-view information about both the immediate source document and the initial transaction in the workflow, covering steps from requisition to invoicing. No configuration or special permissions are required.
AP Automation
The latest AI-powered tool is designed to streamline the accounts payable process. It automates the tedious task of invoice data entry by accurately extracting supplier details, amounts, dates, and line items directly from invoices. By eliminating manual data entry and flagging duplicates, this tool drastically reduces errors and frees up your team to focus on higher-value tasks. The more it's used, the smarter it gets, continuously improving efficiency and accuracy.
Apply custom discounts to received payments
Sage Intacct users can apply custom discounts to an invoice when receiving a payment. Custom discounts streamline the process of applying a discount because, unlike existing term discounts, they don’t require that you first create an AR term that includes the discount details. The flexibility of custom discounts allows you to dynamically adjust a discount when you receive payment.
Accounts Payable
AP bill fields identify original transaction documents
To enhance transparency in document conversions, the 2024 R3 release introduces new fields within the Accounts Payable bill object for read requests. These fields are accessible for bills linked to purchasing transactions and provide detailed information about the original source document.
The new fields include:
- Record number of the originating document in the workflow conversion.
- Record number of the line item in the originating document in the workflow conversion.
- ID of the originating document in the workflow conversion.
- ID of the line item in the originating document in the workflow conversion.
AP adjustment line item fields no longer supported
When creating or updating an AP adjustment using the legacy create AP adjustment or update AP adjustment function, note that the following line item fields are no longer supported:
If you include these fields in the line items of a create AP adjustment or update AP adjustment request, the values will be ignored.
Easily change the application of credits in AP
You can now un-apply credit-only payments using the legacy Reverse AP Payment function. Credit entries now appear as a separate line item with an un-apply link. When reversing a credit-only payment, supply the record number of the credit-only payment and the date that the payment should be reversed. This feature is useful when you need to switch the payment a credit was applied to, granting you more flexibility to manage credits after payments are posted. For more information, see Reverse AP Payment (Legacy).
Purchasing
New transaction detail fields identify original transaction documents
To improve visibility into document conversions, the 2024 R3 release includes several new fields that are returned in read request results for the Purchasing transaction and Order Entry transaction objects.
The new fields include:
- Record number of the originating document in the workflow conversion.
- Record number of the line item in the originating document in the workflow conversion.
- ID of the originating document in the workflow conversion.
- ID of the line item in the originating document in the workflow conversion.
Upcoming revision to draft transaction definition validation
In an upcoming release, changes will be implemented so that validations on draft transaction definitions occur when a transaction posts rather than when a transaction is created. These changes will allow users to create draft transaction definitions that contain minimal information to act as placeholders for accounting transactions. Performing transaction validation when a transaction posts rather than when it is created will improve workflow automation by allowing users to match draft placeholder transactions to incoming purchasing documents. More details about these planned changes will be provided in future release notes.
For more detailed information on any of the above, or to read the full Sage Intacct 2024 R2 release, please check the Sage Intacct Developer Portal.
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