Sage Intacct R2 2024 | Update Summary

May 10, 2024

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20+ Years Experience

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Content

Between major releases, Sage introduces smaller enhancements that improve day-to-day usability and streamline common workflows. Below is a simplified overview of the key updates delivered after 2024 R2.

Timesheet Improvements – Sage Intelligent Time

Recall Timesheets

Users can now recall their own timesheets to correct mistakes without needing manager involvement. This is particularly useful for project-based teams who submit weekly timesheets and often spot small errors after submission, allowing corrections without delaying billing.

Improved Time Approvals Experience

The time approvals interface has been redesigned with clearer layouts and more intuitive navigation. Approvers working across multiple projects can now review and approve entries more efficiently, reducing bottlenecks in billing cycles.

AI-Generated Time Entry Descriptions (Beta)

AI can now automatically generate descriptions for time entries, helping teams maintain consistent, professional activity notes. Consultants and engineers who spend large volumes of time find that this significantly reduces admin overhead.

Timesheet Audit Trail Visibility

Audit trails are now accessible directly from timesheets, making it easier for finance teams and project managers to track changes—particularly helpful when clients request clarity on billable time.

International Payments

Canadian Bank File Payments

Organisations operating in or paying suppliers through Canada can now make electronic payments in CAD using bank file payments. This removes manual workarounds for UK companies with Canadian subsidiaries or vendor relationships.

Reporting Enhancements

Language-Agnostic Filters in ICRW

Custom Report Writer now supports a language-agnostic filter that ensures accurate results even when reports contain multilingual data. Multi-entity groups with European subsidiaries benefit from consistent reporting regardless of local language settings.

Credit Card Reconciliation

Import Credit Card Transactions (Early Adopter)

Credit card statements can now be imported using the classic import tool, allowing finance teams to reconcile transactions more quickly. This is especially valuable for organisations with multiple corporate cards, where manual reconciliation was previously time-consuming.

Read more.

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