Transform reporting with Sage Intacct accounting dimensions

Sage Intacct accounting dimensions can revolutionize the way your business manages and analyzes data. Traditional ERP systems often require creating a fully qualified GL account for every reporting segment. This not only increases complexity but results in a bloated chart of accounts that can be challenging to manage. With Sage Intacct accounting dimensions, you’ll experience an easier, scalable way to categorize and tag financial transactions, leading to better reporting and faster decision-making. Streamline your general ledger (GL) reporting, while enhancing financial management and insights.

Imagine a company that needs to report on 50 natural GL accounts across five departments. Traditional accounting methods would require creating 250 fully qualified accounts (50 accounts × 5 departments), and that’s before factoring in other dimensions like location. Managing such a setup can become time-consuming and prone to error. This is where dimensional accounting makes all the difference. In the image below you can see an example of dimensions, encircled in red.

Think of accounting dimensions as advanced tags for your accounting transactions, replacing traditional subaccounts in your GL. Instead of maintaining multiple account segments for “location,” “project,” or “department,” dimensional accounting simplifies data management and enhance reporting flexibility. Key features include:

• Tagging transactions: Easily categorize accounting transactions by tagging them with predefined dimension values
• Streamlined chart of accounts: Keep your GL clean by eliminating the need to create multiple subaccounts
• Dynamic relationships: Establish relationships between multiple dimensions such as: one location to multiple departments; many projects to a single department; or many-to-many relationships, specific to your organizational structure

With these capabilities, Sage Intacct accounting dimensions reduces administrative burden while improving accuracy and scalability.

Sage Intacct allows you to define each key segment of your reporting structure as a separate dimension. For instance, you can track financial data by project, location, salesperson, or department. Each transaction can be tagged accordingly, ensuring your financial data remains clean and consistent while providing in-depth reporting capabilities. Additionally, Sage Intacct’s unique built-in reporting tools make dimensional accounting incredibly user-friendly. You no longer need advanced technical expertise to generate detailed departmental or location-based reports. Here’s an example:

When your organization adds a new department, traditionally, you’d need to update your GL to reflect this change, which could involve multiple hours of administrative work. With Sage Intacct, you simply add a new dimension value for the department, and it becomes available system-wide for tagging and reporting instantly.

• Simplified data entries: Reduce the need for complex GL accounts by tagging transactions with relevant dimensions
• Streamlined reporting: Create more elegant, detailed, and insightful financial reports
• Improved decision-making: Gain greater visibility into financial performance across various segments, such as departments, locations, or projects
• Time and cost savings: Eliminate the redundancies of maintaining multiple accounts, freeing up more time for strategic activities
• Enhanced scalability: Easily adapt to organizational growth without burdening the back end

Dimensional accounting also supports complex multi-entity structures, where you can tag transactions across dimensions while keeping the financial data unified and accessible. This ensures accurate and consolidated reporting.

• Simplified data entries: Reduce the need for complex GL accounts by tagging transactions with relevant dimensions
• Streamlined reporting: Create more elegant, detailed, and insightful financial reports
• Improved decision-making: Gain greater visibility into financial performance across various segments, such as departments, locations, or projects
• Time and cost cavings: Eliminate the redundancies of maintaining multiple accounts, freeing up more time for strategic activities
• Enhanced scalability: Easily adapt to organizational growth without burdening the back end

Dimensional accounting also supports complex multi-entity structures, where you can tag transactions across dimensions while keeping the financial data unified and accessible. This ensures accurate and consolidated reporting.

Here are a few examples of how businesses are leveraging Sage Intacct’s accounting dimensions:

• Assign a single salesperson to a customer for precise revenue tracking
• Link employees to multiple projects to monitor productivity and cost allocation
• Limit certain GL accounts by specific locations or cost centers for better budget management
• Tag transactions by project to track resource allocation and overall performance

These flexible applications make Sage Intacct a powerful tool across various industries and business sizes.

If your organization is seeking a streamlined, scalable, and efficient way to manage financial reporting, Sage Intacct accounting dimensions is the answer. By categorizing transactions using dimensions, you can simplify administrative tasks, gain deeper insights, and focus on what matters most—achieving your business goals. Interested in seeing Sage Intacct in action? Contact us today to learn how this powerful cloud-based solution can transform your financial operations.