Sage Intacct release 1

Sage Intacct Release 1 Updates

Sage Intacct’s first update of 2020 has been released for February 21st. 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.


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