Sage Intacct Review: The Best Cloud Accounting Software?

Sage Intacct Review

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Sage Intacct Review: The Best Cloud Accounting Software?

Sage Intacct Review
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Published by Today Testing Team

Last Updated on August 21, 2024

If you own a growing mid-sized business, cloud accounting software can make managing finances and cash flow a whole lot easier and less stressful. Of course, not all accounting software is created equally, and not all of the tools out there are tailored to the specific needs of a mid-sized business. Many tools are either way scaled down for a small business or loaded with every bell and whistle for large corporations.

Sage Intacct is a cloud accounting software that’s designed specifically for mid-sized businesses. It comes at a great price and provides user-friendly tools that even the least tech-savvy of us can get used to.

Sage Intacct helps you take control of key operational domains such as human resources and payroll. It provides actionable insights on day-to-day operations, helping streamline processes and making it easier for businesses to run efficiently.

It all sounds great, right? But does this cloud accounting software really live up to its promises?

Check out our full Sage Intacct review to find out.

Table of Contents

Key Features Offered By Sage Intacct

Some notable features offered by Sage Intacct include:

Tracking Of Your Inventory

As a mid-sized business managing a growing base of employees and contractors, it can become increasingly difficult to stay atop everything and keep operations running smoothly.

These businesses often face difficulty keeping track of stock levels and managing inventories. Failing to do so, may result in significant losses.

Sage Intacct helps prevent this with its inventory tracking feature, which provides a real-time view of your stocks according to your preferred setting. You get to upload your products and sort them into categories for an organized outlook. You can get notifications when products go out of stock or when they reach a certain minimal limit so you can reorder them. 

Using this feature, businesses can prevent last-minute stock-outs and meet demands in time.

Managing Accounts

Money management is a meticulous process that needs to be done right, especially during the initial days of running the business where strict monitoring of the inflow and outflow of cash holds paramount importance.

Sage Intacct makes this easy with a tool that helps you keep track of the money you owe and the money people owe you. This is their A/R (accounts receivable) and A/P(accounts payable) function. It provides you with the overall accounts at a glance on a dashboard that features present balance, revenue, income, and expenses.

With its smart AI technology, you can track which invoices are due, making it easy to notify customers and get paid faster. It will also notify you of the payments that you need to make. You can choose to automate these payments or set deadline reminders so you never miss a thing.

Tracking Payments

Getting paid on time and making payments on time are two important things that can impact a business’s credibility and operations. Sage Intacct’s integrated AI can create and send invoices automatically while helping you keep track of them. The invoice templates can be customized according to your needs. As a business owner, you can set a timeline for when you want to send automated invoices to customers or be notified if a payment is overdue. This helps financial recovery by streamlining the process.

The accounting software is linked to Stripe to incorporate different payment methods and improve flexibility at the customers’ end. You can sync this with your bank account so all your finances can be accessed when you want. Additionally, it provides support for multiple currencies allowing you to deal with payments from abroad with the same software.

Reports On Demand

Financial reports offer valuable insights into past and current business performance trends, empowering you to make informed decisions crucial for business growth. By leveraging this data, you can identify opportunities, address challenges, and stay ahead in a competitive market.

Sage Intacct provides real-time access to a comprehensive range of financial reports, including, profit analysis, cash-flow reports, sales tax reports, balance sheets, and vendor reports. 

These reports can be exported in multiple formats such as PDFs or Excel files and be shared with prospective vendors for business proposals, or be used for tax management purposes when it’s time.

The great thing is you can pretty easily customize reporting to fit the specific needs of your business, so you’re not stuck with one-size-fits-all reporting.

Budgeting and Planning

Sage Intacct planning software helps you budget and plan your operations according to current trends and insights from your business. It also has trend forecasting, what-if modeling, data visualization, and reporting features that allow you to get the required numbers and make informed decisions to progress your business.

This feature not only reduces the need for hefty spreadsheets and time spent on data analysis, but it also increases efficiency and allows businesses to fast-track the decision-making process as required.

User-Friendly Phone App

A business owner’s work is never-ending with the constant need to touch base with operations in order to ensure everything is running smoothly. Sage Intacct makes this a breeze by providing you with a mobile app for both Android and Apple.

Remember, Sage Intacct is cloud-based, so you can access it anywhere you have an internet connection. This way you can keep in touch with your business from anywhere in the world with an internet connection.

The app allows you to control operations, create and send invoices, keep track of stock levels, and track payments via your phone. 

Special Consideration For Non-profits

Sage Intacct is not limited to businesses but also allows scalability and exclusive features for nonprofit organizations. Nonprofits run on limited budgets, so employing cloud accounting software helps manage their operations without the need for multiple employees to do the same.

It has a grant-tracking feature that helps improve the delivery and reporting of your grant awards. It also has a digital board book feature which allows you to access real-time insights of your organization according to your mission values. Sage Intacct’s Mateo feature offers specialized support to make diocesan savings and loan management easier. Mateo helps you visualize the numbers with ease, reduce human error, and save time.

Apart from this, it also has enhanced features made possible with third-party integrations. For instance, DonorSupport powers the fundraising feature, making it easier to raise funds, automate tasks like sending donor invoices, and provide donor support where needed.

Similarly, Sage Intacct’s partnership with FACTS enables education-related NGOs to manage accounts, fees, and payments. It also provides insights into finances so NGOs can proactively plan for the future and expand operations accordingly.

Third-Party Integration

You can integrate Sage Intacct with third-party apps and up to 350 different software to further streamline operations. You can use it with software like Bitwave, Bakertilly, Versapay, Zapier, and Emburse for added features like cryptocurrency trading, POS processing, tax accounting, extended integrations, and payroll processing.

All these features have earned Sage Intacct a Forbes Advisor Rating of ⅘ stars, making it a market competitor for similar accounting software like Xero, FreshBooks, and Wave Accounting.

Pros and Cons Of Sage Intacct

Pros:

  1. Their price plans are pretty affordable and flexible, designed to fit the specific needs of your business. While more affordable software options exist, they usually lack the advanced features and scalability that Sage Intacct offers. 
  2. Multi-currency support along with integration with software like Bitwave allows for cryptocurrency support, provides flexibility to customers, and makes it easier to receive payments from abroad.
  3. Can be adapted for multi-entity businesses with ease
  4. Automated vendor payment feature provides ease of mind
  5. The mobile app makes business management easier on the go
  6. Seamlessly integrates with other apps and software for enhanced functions
  7. User-friendly layout
  8. Has features like data encryption for security

Cons:

  1. Sage Intacct doesn’t have a feature that keeps track of billable hours, adding a limitation to payroll and invoice management.
  2. The mobile app lacks support for some of the features offered on its web counterpart
  3. While the basic plan is affordable, you might have to pay more for all the features you want

So, Is Sage Intacct The Best Option For Your Company?

If you’re a mid-sized business, Sage Intacct is great for managing your accounting needs. It can help you manage invoices, track your inventory, and stay updated about payments in real-time. The reporting feature is also useful and saves time if you need to review operations at a glance.

All in all, Sage Intacct is a very affordable option that’s customized to the specific needs of mid-sized business owners. It does everything you need it to do without overcomplicating things or overwhelming you with too many features and options.

If you’re interested in learning more or giving it a try, click here to visit Sage Intacct’s website now.

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