Understanding Sage Intacct: A Beginner’s Guide for UK Businesses

Sage Intacct is a robust, flexible fully cloud-based accounting solution. Capable of managing and streamlining core accounting processes, Sage Intacct is also highly customisable and can be built to suit specific requirements thanks to its integrated modular design. A growing number of UK businesses needing project-based, multi-entity and multi-currency accounting are choosing Intacct to manage their complex requirements and gain deeper insights into their operations.

Intacct is a scalable solution that supports growing businesses without the common limitations of traditional on-premises solutions that struggle with performance issues around adding more users, remote access or processing increased volumes of orders and sales.

The Evolution of Sage Accounting Software

Sage is a leading accounting software provider with a long, well-respected history. From its origins as a desktop-based solution provider, Sage has evolved to meet the changing needs of businesses worldwide.

As the limitations of traditional on-premise based software became clear, Sage recognised the need for a new cloud-based solution, leading to their development of Sage Intacct.

Intacct was designed to offer businesses better scalability, flexibility and accessibility, providing a modern, comprehensive solution that suits a wide range of industries.

Why Sage Intacct Matters for UK Businesses

Sage Intacct is designed to make your accounting easier, more efficient and help you adapt to changes and manage growth.

The automation of key processes covers all aspects of your accounting including Accounts Payable and Receivable, Order Processing, Invoicing, Reconciliations, Inventory management, Billing and more, saving time and reducing manual errors.

As your business grows, modules can be added to manage new requirements such as additional sites or currencies, all in one centralised system that integrates with hundreds of business applications (including Salesforce) thanks to Intacct’s Open API connectivity.

Key Features of Sage Intacct

Sage Intacct provides seamless management of core accounting and more advanced features for processes including:

• Financial Reporting: Generate financial statements, reports, and dashboards automatically.
• Bank Reconciliation: Reconcile bank accounts efficiently and accurately.
• Expense Management: Automate expense reporting and approval processes.
• Invoice Processing: Create, send, and track invoices automatically.
• Purchase Order Processing: Generate purchase orders and manage vendor relationships.
• Inventory Management: Track inventory levels, manage stock transfers, and automate reorder points.
• Payroll Processing: Process payroll, calculate taxes, and manage employee benefits.
• Sales Order Processing: Create, process, and track sales orders.
• Revenue Recognition: Automatically track revenue recognition for complex transactions.
• Fixed Asset Management: Track fixed assets, calculate depreciation, and manage disposals.

By automating these processes, Sage Intacct can help businesses improve efficiency, reduce errors, and gain valuable insights into their financial performance.

How to Get Started with Sage Intacct

Choosing Acuity24 as your Sage Intacct partner, you can expect the dedicated support of our consultants who will work closely with you to firstly determine your challenges, reasons for change and key goals. We provide customised demos showing how Intacct meets your unique needs, enabling us to agree on the design of the solution required.

Our Intacct experts then get to work building out your solution with regular communication throughout every step of the process. Once ready, you will have access to the test system and support on-hand to answer questions and listen to feedback.

Once you give the go ahead and are happy with everything, the solution is set to go live. You’ll also have ongoing access to support to help with any questions or further training requirements, ensuring you and your team get the most out of using Sage Intacct.

Find out more about implementing Sage Intacct with Acuity24 below:

Integrating Sage Intacct with Existing Systems

Sage Intacct features Open API connectivity, enabling integration with hundreds of key business applications including Salesforce CRM, payroll and inventory management softwares.

This integration aligns sales and finance teams, with all data accessible in one centralised system. Sales professionals can view customer payment history on demand, helping with terms negotiation and the entire quote-to-order process is automated, improving both cash flow and client satisfaction.