Sage Intacct Review - why 4 stars?

Shlomi Lavi / updated: May 19, 2022

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What is Sage Intacct?

Intacct Accounting is a cloud based accounting system developed by a company of the same name to assist businesses in improving performance by getting the most out of the finance department. It offers a broad set of functionalities that are useful for small and mid-sized enterprises.

Intacct Corporation was founded in 1999 in San Jose, California by David Chandler Thomas. The company's main focus is to provide accounting software solutions and financial management tools through a cloud computing platform. Today the company serves over 30,000 users in a variety of industries.

Who is it best for?

Intacct Accounting is a horizontal accounting system designed for a wide variety of industries, and targeted mainly towards SMBs. Today Intacct is used by thousands of businesses from startups to public corporations, small to large enterprises and non-profit to public administration. Intacct is the preferred financial solution for AICPA businesses.

Accounting put aside, the software turns to be useful in other industries like health care, retail, hospitality, software and finance. Notable customers making use of the software are Eye Care For Animals, ASP Global Services and Rise Interactive.

Main features and functionalities

Intacct Accounting can benefit companies looking for a cloud based application that could offer them features like financial reporting, multi-currency management, global consolidations, core accounting, order and billing, revenue management and project accounting. All these tools are available on Intacct Accounting and are designed to improve company performance, reduce operating costs, optimize cash management and increase business value.

What is the actual cost?

The cost of license starts at $15,000 per year. ITQlick pricing score is 4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Sage Intacct. You can also find here pricing information from Sage Intacct's website.

Pros

• Intacct Accounting offers core accounting features like time and expense management, order and billing, global consolidations, and multi-currency management
• Additional supported functionality includes credit card processing, purchase orders, and e-commerce
• Full integrationwith platforms such as Salesforce.com
• Customizable workflow with automated journal entries and bank reconciliation
• Keeping track of taxes is very easy thanks to the 1099 support and the auto-tax calculator

Cons

• Intacct Accounting is only available as a cloud based software, no on premise version
• Core accounting features such as an audit trail and depreciation are not supported
• Instructional videos are not available on the official website and that makes the learning process slightly difficult
• Intacct Accounting does not include other additional modules like Customer Relationship Management (CRM)
• Intacct Accounting cannot be used for Fixed Asset Tracking or Depreciation Schedule

How it stacks up?

Access a head to head analysis of Sage Intacct vs alternative software solutions.

Frequently Asked Questions (FAQs)