Sage Intacct Enhancements 2024

New Project and Department and Class Enhancements to Sage Intacct

The Sage Intacct Project subscription can be added to your account. If you don’t have this, a Sage Rep can help. Once activated, it helps businesses effectively manage all aspects of their project work, including costs, revenue, time, and resources. It provides real-time insights into project progress and allows for accurate tracking of expenses and income, ensuring better control and decision-making throughout the project’s lifecycle

Setting Up Sage Intacct to Utilize Project Integration

To help AccuLynx support the Sage Intacct Project subscription, there is a new setting you can find here under the “Sage Intacct Settings” under the “Environment Set-Up.” Select the radio button that enables you to have all Jobs in AccuLynx entered into Sage Intacct as projects, decide when to send customer data to Sage, and select how the data should be formatted.

Using Departments and Classes as Reporting Dimensions in Sage Intacct

Sage Intacct, Departments, and Classes categorize and track financial transactions in more detail. They offer flexible dimensions for reporting and analysis, allowing businesses to segment and analyze data across different operational units. 

This is how you set them in AccuLynx:

To use reporting dimensions, look under “Sage Intacct Settings,” and under “Reporting Dimensions,” select the “Edit” button. When the selection drawer opens, you will need to turn the “Use Reporting Dimensions” setting “ON”:

You will see the options to add a Sage Intacct Project location to the company location, select a Sage Intacct Project Department for AccuLynx Job Categories, and select the Sage Intacct Product Class for Acculynx work type.

This will allow your work in AccuLynx to be classified correctly in Sage Intacct and provide your Sage-using teams with detailed information to better manage what is displayed within their Sage reporting.

Setting Sage Intacct Invoice Recording in AccuLynx

You can either “Manually Select GL accounts” to record your invoices from AccuLynx to Sage Intacct or automatically do it. Automatically selecting GL accounts will save you a step and time in the invoice recording process and bypass recording these items for each invoice that is recorded to Sage Intacct.

If you select the manual radio button, you must record the correct GL accounts for the sections or individual line items in your AccuLynx invoice every time you record an invoice to Sage Intacct.

If you select the “Automatically Select GL Accounts” radio button, you can edit the assigned GL accounts and add specific items, specifying the material and labor items associated with each GL account and avoiding assigning them each time you record an AccuLynx invoice.

NOTE: If you are using auto-assign and the items on an invoice have not been assigned when you record it, you will need to manually assign them before they can be recorded to Sage Intacct.