Sage Intacct 2024 R4 is live—here’s what’s new

Sage Intacct 2024 Release 4 (R4) introduces significant new features such as enhanced customer and vendor reconciliation reports, automated employee expense workflows with AI-driven coding, improved customization for lists, expanded project and grant billing tools, and important updates to payment integrations and 1099 processing—helping organizations streamline financial management and boost overall efficiency.

2024 R4 delivers a wide range of new features and enhancements aimed at making your financial management processes more powerful and efficient. In this post, we’ll highlight some of the most impactful updates, from improved automation in accounts receivable and accounts payable to smarter project tracking tools and advanced customization options.

Want to see the new features in action? Watch the on-demand Sage Intacct 2024 R4 webinar.

Accounts receivable enhancements

Customer reconciliation report

The new customer reconciliation report gives you a clear view of how customer payments and credits align with their invoices. At a glance, you can answer 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?

Each invoice is assigned a unique match sequence when payments or credits are applied. Lowercase letters represent partially paid invoices, while uppercase means the invoice is fully paid. The report can be filtered to show only unmatched items, partially matched transactions, or specific match sequences, making reconciliation more streamlined and improving overall visibility into your receivables workflow.

A similar report is now available for accounts payable—see below for details.

Running balance on AR statements

You can now add a running balance to your custom statement templates, giving customers a clear, up-to-date total with every transaction. For organizations working with foreign currencies, currency symbols now display next to amounts by default for improved clarity.

Sunsetting certain customer payment service integrations

Sage Intacct is planning to end customer payment service integrations with Authorize.net and PayPal in November 2025. If you’re using either of these services, now is the time to evaluate your options—connect with Rand Group to discuss alternatives that fit your needs.

Accounts payable enhancements

1099 updates for 2024

Sage Intacct 2024 R4 includes important changes for 1099 season. All 1099 forms now use a two-digit calendar year, and forms 1099-DIV, 1099-G, 1099-INT, 1099-K, 1099-MISC, and 1099-NEC now print Copy 1 and Copy 2 instead of Copy C.

Vendor reconciliation report

The new vendor reconciliation report makes it easier to track how payments and credits align with your bills. At a glance, you can see what’s been paid, what’s outstanding, and how each payment and credit has been applied.

• 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 unmatched?

Each transaction is tagged with a match sequence—lowercase for partially paid bills, uppercase for fully paid. You can filter the report to display unmatched, partially matched, or fully matched transactions or filter by a specific match sequence, ensuring you stay organized and up to date.

Share vendor email notifications with others

You can now send payment notifications to a secondary vendor email address in addition to the primary one, ensuring all relevant vendor contacts receive timely updates. This improvement is a direct response to user feedback and helps keep everyone informed.

American Express support ending

Beginning December 31, 2024, Sage Intacct will no longer support the following American Express payment services: Check Delivery Service, ACH Payment Service, and Card Payment Service. Plan accordingly to avoid disruptions.

Make a list: Lists beta enhancements

Sage Intacct Lists enhancements (now available in beta) give you greater control over your list views. With the Lists beta interface, you can add, move, and resize columns, freeze columns for easier navigation, sort by key data, and save custom views. Advanced filters let you search by date or amount ranges—or combine multiple criteria using AND/OR options. Try the new interface in Accounts Payable > All tab > Vendors, and share your feedback to help refine these features.

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 required. You can manage retainage on both vendor and customer transactions, keeping projects on track and ensuring quality.

Time and expenses enhancements

New automated workflow for expenses

Sage Intacct 2024 R4 introduces an automated workflow for employee expenses. Employees can email travel or other receipts directly into Sage Intacct from any device. AI and machine learning assist with accurate expense coding and learn preferences for future submissions. A new receipt list helps employees organize receipts and add them to expense reports, with permissions to remove unnecessary items. This delivers more convenience, accuracy, and efficiency to your expense management.

Construction enhancements

More detail on project contract invoices

You can now print all time, materials, and expenses billing details directly on project contract invoices. This eliminates the need for separate reports and provides customers with a clear, consolidated view of billed expenses.

Wait—there’s more!

There’s even more included in Sage Intacct 2024 R4 than we’ve covered here. For a comprehensive list, check the release notes from your Sage Intacct home page. If you have any questions about these updates or how they might impact your organization, contact Rand Group for expert assistance.

Next steps

As a trusted technology and business management partner, Rand Group can help you make the most of Sage Intacct’s latest enhancements. Whether you need assistance implementing new features, evaluating integration alternatives, or optimizing your current setup, our experts are ready to help. Contact Rand Group today to discuss your needs, request a demo, or get personalized guidance on your financial management journey.