Sage Intacct 2024 R4 is here!
This latest release for packs some powerful enhancements to help you streamline accounting tasks, deepen financial insights and make your day-to-day processes smoother.
Here is a look at some of the most exciting updates in R4.
Accounts Receivable (AR): Effortless Customer Payment Reconciliation
Easily Reconcile Customer Payments and Credits to AR Sales Invoices
The new customer reconciliation report in Sage Intacct makes it simple to see how customer payments and credits align with AR sales invoices.
With a quick glance, you can now easily assess both what a customer owes and the precise way payments and credits have been applied to specific invoices.
Key Questions Answered by the Customer Reconciliation Report:
- Which payments and credits apply to a specific AR sales invoice?
- How were specific credits allocated?
- Which transactions share a particular match sequence?
- What remains partially matched or unmatched?
Enhanced AR Statements: Direct Customer Feedback in Action
A new running balance feature, inspired by direct user feedback, eliminates the need for manual calculations.
You’ll also see currency symbols displayed alongside amounts by default, making it easy to read and understand statements, especially when working with foreign currencies.
New Customer Refund Functionality
A long-awaited feature for many UK-based users, Customer Refund functionality is now available in this release. This enhancement simplifies refunding overpayments or credit balances to customers, allowing teams to issue refunds directly from the AR module.
With this streamlined process, customer refunds are handled more efficiently, improving cash flow management and enhancing customer satisfaction.
Accounts Payable (AP): Better Supplier Payment Transparency
Streamlined Reconciliation for Payments and Credits on AP Invoices
The Supplier Reconciliation report offers a clear view of how payments and credits align with AP purchase invoices. Instantly understand what you owe to suppliers and how payments and credits have been matched to each invoice.
The Supplier Reconciliation Report Answers:
- Which credits and payments were applied to a particular AP purchase invoice?
- Where specific credits were allocated.
- Which transactions share a particular match sequence?
- Which invoices or transactions are partially matched or unmatched?
Fixed Assets: Greater Flexibility with Posting Dates
Override Posting Dates with Ease
Need to post an entry originally scheduled for a closed period? Now, with a custom posting date feature on the Post Depreciation page, you can choose a specific posting date without reopening and closing the books.
This functionality offers flexibility and saves you time on your fixed asset postings.
Taxes: Greater Control and Clarity
Customisable Tax Schedules for Unique Situations
If your company deals with transactions that cross tax jurisdictions or have unique tax requirements, you’ll love the new option to override default tax schedules on transaction line items.
This feature ensures tax accuracy without the need for a one-size-fits-all approach.
Detailed Control for Tax Submissions
Now, tax line items can be marked as “Reporting” or “Not reporting,” providing flexibility in tax submission calculations.
Reporting line items will be included in tax submissions, while non-reporting items are excluded, giving you control over which tax details are filed.
User Experience: List Enhancements Beta
Personalised List Views and Advanced Filters
With the Lists enhancement now in beta, you can personalise your list views, apply advanced filters and manage list details side-by-side—all in one screen.
Available now for select lists, this feature will roll out across all lists soon, creating a more efficient and tailored user experience
AI-Powered Features: Automating and Accelerating Accounting Tasks
Smart Matching and Automated Reconciliation
Sage Intacct now uses AI to improve matching algorithms for payments and credits, automatically aligning transactions more accurately and reducing manual effort.
This AI-based matching not only saves time but also helps prevent errors, creating more reliable financial data.
Smart Matching and Automated Reconciliation
AI-powered insights also now flag unusual transaction patterns or anomalies, giving users an early warning on potential issues.
By automatically analysing transactions and detecting outliers, the system provides added assurance that financial reports are accurate and compliant.
These updates in the Sage Intacct R4 2024 release are designed to enhance efficiency, flexibility, and precision across your accounting tasks.
Sage Intacct is updated for free four times per year. Here is the schedule for updates for 2025:
| Release number | Release date |
|---|---|
| Sage Intacct R1 | 7th February, 2025 |
| Sage Intacct R2 | 9th May, 2025 |
| Sage Intacct R3 | 8th August, 2025 |
| Sage Intacct R4 | 7th November, 2025 |
If you’d like to learn more or explore how these new features in the R4 update can help your team, then get in touch with Solutions for Accounting today.
Let’s get you set up for success!
