Sage Intacct, a cloud-based accounting software solution with advanced capabilities, helps companies manage their financial and operational data all from one place. Because of its complexity, the platform is best suited for midsize and quickly growing small businesses with a finance team or in-house accountant who knows how to get the most value out of it.
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Deciding factors
| Pricing | Quote-based. |
| Maximum number of users | Unlimited. |
| Ease of sharing with accountant | Excellent. Sage Intacct lets accountants and business owners collaborate in the cloud and message each other within the software. |
| Scalability | Excellent. The product can accommodate quickly growing businesses, as well as public companies. |
| Ease of use | Average. The platform’s complexity poses a learning curve, and the user interface may be overwhelming for small-business owners keeping their own books. |
How does Sage Intacct work?
Sage Intacct plans are customizable, and product offerings fall under different categories like accounts and financials, planning and budgeting, and HR and people management. Here are some of the features that each includes:
| Accounting and financials | Planning and budgeting | HR and people management |
|---|---|---|
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The platform also advertises solutions for a wide array of industries including construction and real estate, nonprofits, financial services, health care, hospitality, biotech and professional service-based businesses, among others. An open application programming interface allows users to integrate with a variety of third-party apps. According to Sage Intacct, most users connect at least two other apps to their system.
Customer support is available over the phone 24 hours per day, Monday through Friday.
Sage Intacct's user interface displays various reports and graphs, and the dashboard summarizes changes in revenue, cash flow, net income and expenses over time.
Pricing
Sage Intacct’s pricing is quote-based. Factors that might affect cost include how many users need access to the software and whether you’d like add-on modules for advanced functionality or industry-specific features. For more information on pricing, small-business owners can call the company or reach out through an online form.
Free 30-day trials are available.
Get a FREE review of your books
NerdWallet Small Business helps you get your business in shape for taxes, loans, and growth. Stop worrying about accounting and speak with a real, human expert from our partner, Xendoo.
Pros
Advanced features
With features that help businesses automate workflows and revamp their financial management strategies, Sage Intacct offers more than your standard accounting software product. It lets you customize approval workflows, establish spending limits for different departments and locations and automate fixed asset management, among other things. The system can also accommodate businesses with multiple locations across the world by handling currency conversions and local tax reporting.
Industry-specific solutions
From project accounting software for project-based businesses to advanced audit trails that help keep health care organizations compliant with the Health Insurance Portability and Accountability Act, Sage Intacct is built to be customized according to your industry. There’s grant tracking and billing for nonprofits, in addition to subscription billing options for software-as-a-service businesses, too.
Cons
Nontransparent pricing
Potential Sage Intacct customers must contact its sales team for a quote. Although this process is intended to offer a price customized to your business, it’s less than ideal. It makes it difficult to know whether you’re receiving a fair price. And without knowing the cost upfront, you can’t compare the platform with other accounting software options as easily.
Learning curve
Though Sage Intacct can fulfill the needs of larger small and midsize businesses, it’s not a great fit for small-business owners who are trying to hit the ground running with little accounting experience. With so many features and customization options, it’s simply more than many small businesses need.
Sage Intacct alternatives
QuickBooks Enterprise
Of all the products that fall into the QuickBooks suite, QuickBooks Enterprise is the most robust and similar to Sage Intacct. Unlike Sage Intacct, however, QuickBooks Enterprise is a desktop-based product that offers online hosting for an additional cost. It has four different plans and includes more than 200 customizable reports, budgeting and forecasting tools, inventory management, job costing and industry-specific features. Plus, if you opt for the Gold, Platinum or Diamond plans, you receive QuickBooks Desktop Enhanced Payroll. Pricing starts at $1,740 per year for the Gold plan.
Xero accounting
If your business doesn’t need such extensive accounting software like Sage Intacct or QuickBooks Enterprise, you might consider a simpler cloud-based solution like Xero accounting. It has a lower price point, solid feature set, user-friendly interface and hundreds of integration options. You’ll find tools for reconciliation, inventory, invoicing, bills, expenses, projects, purchase orders, fixed assets and more. Pricing starts at $12 per month.
