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Sage Intacct is a versatile business accounting software with features for small businesses. It can be used in conjunction with Sage One, the company’s cloud-based solution. This review covers what it offers and how much it might cost you to use its services.
Sage Intacct is a cloud-based accounting software that offers a variety of features and services. The company has an online review, which shows the pricing for the service. Read more in detail here: sage intacct pricing.
Sage Intacct is a cloud-based financial management and accounting package that automates complicated financial procedures like as payroll, tax filings, and inventory control. Construction, real estate, financial services, professional services, and nonprofits are among the sectors it serves. Grants Management and billing, fund accounting, and a Ledger General are among its primary accounting capabilities for charities. Prices may be obtained upon request.
Sage Intacct may be found at www.sageintacct.com
What Sage Intacct Is Good For
Sage Intacct is ideal for midsize NGOs and enterprises with several locations or entities that deal with complicated financial and accounting operations. It benefits a variety of businesses, but it is particularly beneficial to NGOs, such as faith-based groups and charities, as well as educational institutions. Grants Management and billing are among the sophisticated accounting tools for NGOs. Its multi-entity and worldwide consolidations make it an excellent alternative for global midsize businesses.
Sage Intacct Is Particularly Beneficial For
- Midsize NGOs with a dedicated financial team: Sage Intacct is a complex accounting software with a lot of features, so it’s a good option if you have expert accountants and finance specialists handling your books and financials. If you’re looking for a more straightforward solution, have a look at our list of the top nonprofit accounting software.
- Financials that comply with the Health Insurance Portability and Accountability Act (HIPAA) are required for healthcare providers. Avertium, an independent certification program, has certified Intacct to be HIPAA and Health Information Technology for Economic and Clinical Health (HITECH) compliant. It provides tools, security, and agreements to assist you in adhering to stringent regulatory standards.
- Intacct’s global consolidation module can consolidate hundreds of entities in minutes, making it a great choice for companies with multiple locations, currencies, divisions, and subsidiaries. Venture capitalists: Intacct’s global consolidation module can consolidate hundreds of entities in minutes, making it a great choice for companies with multiple locations, currencies, divisions, and subsidiaries.
Sage Intacct Isn’t Right For You
- Owners of small businesses who want to maintain their own books should: For nonprofit executives, Sage Intacct is too pricey and complex to use, especially if you don’t have any accounting background. If you’re looking for a more user-friendly and cost-effective option, QuickBooks Online is a good choice.
- Small nonprofits: If you’re a new organization with a limited budget, the QuickBooks Premier Nonprofit Edition is a good option.
- Nonprofits that also require member management: Aplos is a good option if you need nonprofit accounting as well as the capacity to manage and monitor your members.
Are you on the lookout for something unique? Check out our guide to the best small company accounting software for additional basic accounting software for business owners.
Pros and Cons of Sage Intacct
Sage Intacct may be found at www.sageintacct.com
Pricing in Sage Intacct
Although Sage Intacct does not explicitly give pricing on its website, Cargas, a third-party website, quotes a starting yearly price of $15,000 for the software. The price will be determined by the size of your company as well as the goods and modules you need. You may join up for a free 30-day trial or a free product demo with no credit card necessary.
Features of Sage Intacct
Grant monitoring, budgeting, fund accounting, spending management, and financial reporting are just a few of the laborious and repetitive financial processes that Sage Intacct makes easier. Here’s a rundown of its key features to help you determine if Sage Intacct is right for you.
Ledger General
Sage Intacct has a sophisticated Ledger General (GL) with a multidimensional chart of accounts. The GL manages sophisticated financial tasks across multiple entities, whether locally or globally. You can merge data with the push of a button, manage currency conversions, and generate consolidated reports without having to wait for the end of the month. Transactions are posted in real-time with the ability to configure how transactions are posted in each account. You can also create and organize account groups like checking or cash to help generate reports.
Nonprofit Organizations’ Multidimensional Chart of Accounts
The Nonprofit Organizations’ Multidimensional Chart of Accounts in the GL includes 10 dimensions, including location, grant, project, department, program, and fundraising. These dimensions can be used to track your revenue, assets, and expenses, making it easier for you to set up your chart of accounts. This feature eliminates the need to set up so many account numbers. For instance, you can set up a single fixed asset account rather than creating separate accounts for each of your locations. You can then use the “location” dimension to filter assets by location when generating reports.
Grants Management
Regardless of the funding source or award type, the program helps you to keep and monitor all of your grant paperwork and information in one location. Built-in compliance capabilities, such as review expenditures, are included in Intacct to assist you verify that your funds are spent in accordance with each grant’s limits and requirements. Other key papers, such as generally accepted accounting principles (GAAP) financials, Financial Accounting Standards Board (FASB) compliance reports, and Form 990 filings, may also be automated using the system.
Recognized Revenue
This add-on module makes it easy for you to process reimbursement requests and bills for funding sources. It helps you track conditions, barriers, and delivery status seamlessly, and it enables you to choose the best Recognized Revenue method for every revenue stream. Sage has customizable dashboards to give you insights on your revenue and profitability by productions, divisions, contact, and more.
Accounts Payable (A/R)
The Accounts Payable (A/R) (A/P) module lets you track and view invoices, loans, mortgages, payments, vendor-aging reports, and other A/P liabilities. You can automate and configure your account payable processes to improve internal controls. For instance, you can set up the default payment method and currency to control the entering of data in your A/P.
Accounts Payable (A/R) by Sage Intacct (Source: Sage)
Accounts Payable (A/R)
The Accounts Payable (A/R) (A/R) module simplifies invoicing and collection of your nonprofit receivables, such as donations, membership dues, and government grants. Sage Intacct’s A/R module integrates with the other Sage products to give you a single view of your invoices, quotes, and sales orders. It automatically posts transactions to your A/R and Ledger General to expedite billing and accounting. Intacct accepts multiple types of payments, including cash, credit, debit, check, and electronic funds transactions.
Management of many entities and currencies
The multi-entity administration module is useful if your organization has subsidiaries. This add-on module allows you to quickly aggregate hundreds of entities. You may create new entities with their own chart of accounts, perform entity-specific and global consolidations, and streamline payments and transactions between entities, even in different currencies, using Intacct. You may also monitor income by entity using Sage Intacct’s dimensions, which are then shown in your dashboard with graphics like graphs or charts.
Revenue Tracking by Entity (Source: Sage)
Digital Board Book for Nonprofits
Sage Intacct’s Digital Board Book for Nonprofits includes prebuilt dashboards to deliver real-time insights into your programs. It allows you to track expenses to program results and other key balance sheet metrics and stay on top of revenue trends, helping you make informed decisions for your organization.
Reporting and the Dashboard
Up to 150 built-in reports with visualization elements including graphs, charts, and performance cards are generated by Intacct. It gives you a three-dimensional perspective of your balance sheet, income statements, cash flow statements, and other key data. You may also use the interactive custom report writer to generate custom reports. Mobile devices can see reports and dashboards, and reports may be exported in CSV, Excel, PDF, and HTML formats.
Customer Service and Usability
In comparison to competing nonprofit accounting software like QuickBooks Online, Sage Intacct’s user interface is not as user-friendly. It employs a sophisticated user interface known as Action UI, which includes new features for bank reconciliations, bill payment, entity consolidation, and custom report creation. For newcomers, the number of customization choices for reporting might be intimidating. This function, on the other hand, may be quite useful for experienced bookkeepers and Sage Intacct users.
Sage provides four tiers of premium support: Essential, Bronze, Silver, and Gold. These plans provide you with unrestricted access to technical assistance and instructional materials. You may consult the Sage online knowledgebase or join the Sage Intacct forum if you need rapid answers to your software questions.
Alternatives to Sage Intacct
Conclusion
Sage Intacct is sophisticated and expensive accounting software for small to midsize businesses. If you have an accounting department that can take advantage of Sage Intaccts’ advanced features, it may be well worth the investment. While it’s great for businesses from different industries, we recommend it for medium-size nonprofit organizations with complex financial tasks. It has advanced functions, such as grant billing and tracking and nonprofit Recognized Revenue, which can bring tremendous value to your organization.
To discover whether Sage Intacct is suitable for you, sign up for a free 30-day trial or request a live demo.
Sage Intacct is a cloud-based accounting software that offers users the ability to manage their business finances. It has an annual subscription cost of $29 and comes with a free trial period. Reference: sage intacct vs netsuite.
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