Sage Intacct Release 1 Updates

Sage Intacct’s first update of 2020 has been released for February 21^st. This release will include changes to inventory control, purchasing, contracts, and web services. Each update is described below.

Inventory Control:

For inventory control, the newest update is linked to inventory adjustments. Users are now able to create inventory value-only adjustments for specific source transaction lines. Sage Intacct’s instructions for how to use this new feature are as follows “To create a value-only inventory adjustment, create a new inventory transaction and provide the source transaction line you want to adjust. Only purchasing and inventory control transactions with a value-only inventory effect can be adjusted.”

Purchasing:

For Purchasing the newest update is purchasing transaction allocations. Users now have the ability to use transaction allocations to automatically distribute amounts for non-inventory purchasing transaction lines. This can be distributed among multiple dimensions.  This feature only applies to purchase transactions that post to the accounts payable subledger.

Contracts:

For contracts, the newest update is centered around draft contract state. The update allows users to save a contract, contract line, or expense line as a draft without it affecting the general ledger or the contracts subledger. The data can be published by any users who have access once its ready.

Web Services:

For web services, the update includes a new query function. The query update will support more robust complex query statements using a XML-based syntax.

To find out more about click here to read the official report from Sage Intacct.