Sage Intacct 2024 R4 Is Live — Here’s What’s New
Sage Intacct 2024 Release 4 (R4) is packed with dozens of new features and enhancements designed to make your financial management more powerful and efficient. Here, we’re introducing some of the most impactful updates, from improved automation in Accounts Receivable and Accounts Payable to smarter project tracking tools and enhanced customization options.
View the on-demand webinar, Sage Intacct 2024 R4 – Learn What’s New to see the new features in action.
Accounts Receivable Enhancements
Customer Reconciliation Report
A new Customer Reconciliation report makes it super easy to get a clear picture of how customer payments and credits align with their invoices. This report gives you at-a-glance answers to important questions, like:
- Which payments and credits were applied to a specific invoice?
- Where has a particular credit been applied?
- Are there transactions that are only partially matched or not matched yet?
This report quickly shows which payments and credits have been applied to invoices. Sage Intacct assigns each invoice a unique match sequence when payments or credits are applied, making it easy to see these connections. The sequence is shown in lowercase for partially paid invoices and switches to uppercase when the invoice is fully paid.
You can also filter the report to display only the information you need — whether that’s unmatched items, partially matched transactions, or specific match sequences. This feature is designed to simplify your reconciliation process, improve your visibility, and help you manage your receivables workflow.
A similar report is available for Accounts Payable. See below.
Running Balance on AR Statements
Now, you can add a running balance to your custom statement templates, allowing customers to see a clear, up-to-date total as they go through each transaction. For those working with foreign currencies, there’s an extra boost in clarity: currency symbols now display right next to amounts by default, so there’s no more guessing.
Sunsetting Certain Customer Payment Service Integrations
Sage Intacct is working to sunset its customer payment service integrations with Authorize.net and PayPal in November 2025. If you’re using either of these payment services, reach out to our team to understand your options (there are many).
Accounts Payable Enhancements
It’s 1099 Season
Sage Intacct 2024 R4 includes a couple of important updates. All 1099 forms now support a two-digit calendar year instead of four. Plus, forms 1099-DIV, 1099-G, 1099-INT, 1099-K, 1099-MISC, and 1099-NEC no longer include Copy C but instead print Copy 1 and Copy 2. Exciting stuff, we know.
Register for the 2024 Sage Intacct Year End and 1099s webinar.
Vendor Reconciliation Report
A new Vendor Reconciliation report makes tracking how payments and credits align with your bills easier. With a quick glance, you can see exactly what’s been paid, what’s still owed to vendors, and how each payment and credit has been applied.
This report helps answer key questions, like:
- Which payments or credits were applied to a specific bill?
- Where was a specific credit applied?
- Are there transactions that are only partially matched or still unmatched?
Each transaction is tagged with a match sequence, making tracing relationships between bills and their associated payments or credits easy. The sequence is displayed in lowercase letters for bills that are only partially paid. The letters switch to uppercase for a clear, at-a-glance status update when fully paid.
You can also filter the report to display unmatched, partially matched, or fully matched transactions — or even filter by a specific match sequence. This feature streamlines reviewing vendor payments, helping you keep your accounts payable organized and up to date.
Share Vendor Email Notifications with Others
Previously, notifications could only be sent to a vendor’s primary email address, but now, with a quick configuration update, you can also send them to a secondary email address. This improvement — directly inspired by user feedback — makes it easier to keep vendors in the loop and ensures all relevant contacts receive timely payment updates.
Amex Support Is Ending
Beginning December 31, 2024, the following American Express payment services will no longer be available in Sage Intacct: Sage Intacct Check Delivery Service, American Express ACH Payment Service, and American Express Card Payment Service.
Make a List
Sage Intacct Lists enhancements are now available in beta, offering a more powerful way to customize and manage your list views. With the new Lists beta interface, you can personalize your lists to fit your workflow by adding, moving, and resizing columns, freezing columns for better navigation, sorting by important data, and saving your custom views for future use. This feature is available on several lists; more will be added in future releases.
Here’s how to try it out:
- Go to Accounts Payable > All tab > Vendors.
- Select Turn on Lists beta interface; the page will refresh to show the enhanced list features.
The updated interface also includes advanced filters that quickly narrow data across columns. You can search by date ranges, amount ranges, or even combine multiple criteria with AND/OR options, then save your filtered views for easy access later. Be sure to try it and share feedback to help refine these new features—Sage is listening!
Project Costing and Billing or Grant Tracking and Billing Enhancements
Retainage Without a Construction Subscription
The retainage feature in Accounts Payable and Accounts Receivable is now available to all users—no Construction subscription needed! Now, whether you’re managing payments to vendors or invoicing customers, you can use retainage to keep projects on track and guarantee quality without any additional subscription requirements.
Time and Expenses Enhancements
New Automated Workflow
Sage Intacct 2024 R4 adds a new automated workflow for employee expenses. Employees can now email their travel or other receipts directly into Sage Intacct from any device. Using AI and machine learning, the system assists with accurately coding the expenses. It even remembers preferences for future submissions, making the process quicker over time.
A new receipt list helps employees organize receipts, which they can then add to an expense report. They can choose to assign the full amount to one expense type or split it across multiple types. Permissions also allow for easy removal of any unnecessary receipts. This feature brings a new level of convenience, accuracy, and efficiency to expense management!
Construction Enhancements
More Detail on Project Contract Invoices
Now, it’s easier to provide clear billing details on project contract invoices. You can print all time, materials, and expenses billing details directly on the invoice, eliminating the need for separate reports. This brings everything together in one place, making it easy for customers to see the full scope of billed expenses.
Wait — There’s More!
There’s much more to Sage Intacct 2024 R4 than we’ve covered here. To learn more, you can view the release notes from your Sage Intacct home page. As always, contact us to answer any questions on the release.