If you have multiple legal entities, Sage Intacct has introduced a game changer with their 2020 R2 Release. In addition to several non-related enhancements, they have added the following key features and enhancements that will save hours to days creating, troubleshooting and reconciling inter-entity transactions:
- Centralized IET setup: Manage all your inter-entity relationships and mappings to inter-entity receivable and payable accounts in one clean, simple, and time-saving setup page.
- Flexible subset eliminations: Ensure accuracy of your subset consolidations with flexibility to include elimination accounts based on the entities being consolidated.
- IET automation and visibility: We added enhancements to managing inter-entity transactions. We expanded automation capabilities to support more complex GL inter-entity transactions across multiple base currency entities. And, we reorganized the way you view and report source and inter-entity balances by combining them into a single transaction, which eliminates the need for reconciliation and enhances visibility.
For a full list of new features and enhancements in the 2020 R2 release, check out the Release Highlights or contact us at firstname.lastname@example.org.