--- title: What’s New in Sage Intacct 2021 R2 description: Sage Intacct continues to deliver new releases, new features, and product enhancements that make it one of the top cloud ERP applications on the market. Here’s a look at some highlights from the latest Sage Intacct 2021 Release 2. image: https://www.equationtech.us/hubfs/What%E2%80%99s%20New%20in%20Sage%20Intacct%202021%20R2.png --- [866.436.3530](tel:+8664363530) | [** Customer Portal Login](https://na.myconnectwise.net/support/index.htm?Company=equationtech) [Speak With an Expert](https://www.equationtech.us/speak-with-an-expert) [![Equation Technologies - Sage Business Partner | San Diego](https://www.equationtech.us/hs-fs/hubfs/Redesign_Images/logo.png?width=230&name=logo.png "Equation Technologies - Sage Business Partner | San Diego")](https://www.equationtech.us/) - [Sage Services](https://www.equationtech.us/sage-services) - Products We Support - [Sage 300](https://www.equationtech.us/sage-services/sage-300-cloud) - [Sage Intacct](https://www.equationtech.us/sage-services/sage-intacct/) - [Sage CRM](https://www.equationtech.us/sage-services/sage-crm) - [Sage Payroll](https://www.equationtech.us/sage-services/sage-payroll) - [Sage HCM](https://www.equationtech.us/sage-services/sage-hcm-software) - [Sage FAS](https://www.equationtech.us/sage-services/fixed-assets) - [Sage Intelligence](https://www.equationtech.us/sage-services/sage-intelligence) - [Sage Enterprise Intelligence](https://www.equationtech.us/sage-services/sage-enterprise) - Services We Offer - [Software Selection](https://www.equationtech.us/software-solution-selection) - [Implementation](https://www.equationtech.us/sage-services/erp-implementation) - [Customization](https://www.equationtech.us/sage-services/customization) - [Support](https://www.equationtech.us/sage-services/support) - [Training](https://www.equationtech.us/sage-services/sage-training) - [Sage Cloud](https://www.equationtech.us/sage-services/hosting) - [Upgrades](https://www.equationtech.us/sage-services/upgrades) - [Extend Sage](https://www.equationtech.us/sage-integrations) - [Magento eCommerce](https://www.equationtech.us/sage-integrations#magento) - [ADP](https://www.equationtech.us/en/sage-300-sage-intacct-payroll-powered-by-adp) - [Aloha POS](https://www.equationtech.us/sage-integrations#aloha) - [Salesforce](https://www.equationtech.us/sage-integrations#salesforce) - [TimeClockPlus](https://www.equationtech.us/timeclockplus) - [Other Solutions](https://www.equationtech.us/other-solutions) - Industries - [Distribution](https://www.equationtech.us/distribution-management-software-solution) - [Education Nonprofit](https://www.equationtech.us/education-nonprofit-accounting-software) - [Financial Services](https://www.equationtech.us/financial-services-software) - [Franchise](https://www.equationtech.us/franchise-management-software) - [Healthcare](https://www.equationtech.us/healthcare-finance-software) - [Hospitality](https://www.equationtech.us/hotel-restaurant-accounting-software-solutions) - [Metal Processors & Distributors](https://www.equationtech.us/erp-for-metal-industry-businesses) - [Nonprofit](https://www.equationtech.us/nonprofit-accounting-software) - [Professional Services](https://www.equationtech.us/professional-services-software) - [SaaS & Technology](https://www.equationtech.us/erp-software-for-technology) - [Resources](https://www.equationtech.us/sage-software-resource-library) - [Technology Blog](https://www.equationtech.us/technology-blog) - [Training](https://www.equationtech.us/sage-services/sage-training) - [Online Videos](https://www.equationtech.us/sage-300-erp-accpac-tutorial) - [Case Studies](https://www.equationtech.us/case-studies) - [About](https://www.equationtech.us/about-us) - [Meet The Team](https://www.equationtech.us/management-team) - [Partners](https://www.equationtech.us/partners) - [Careers](https://www.equationtech.us/careers) - [Contact](https://www.equationtech.us/contact) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. # What’s New in Sage Intacct 2021 R2 ![technology blog](https://www.equationtech.us/hubfs/What%E2%80%99s%20New%20in%20Sage%20Intacct%202021%20R2.png) **twitter **linkedin **facebook Sage Intacct 2021 Release 2 (R2) is now available and is jam-packed with new features emphasizing financial management, contracts management, inventory control, and business analytics. Here’s a look at what’s new in the latest 2021 R2 version. ## Financial Management To reduce the amount of time and effort you spend **reconciling bank accounts**, a **new matching rule automation** feature in bank reconciliation helps you say goodbye to manual matching.  These new matching rules allow you to customize how incoming bank transactions are reconciled and matched against your Sage Intacct data. Beginning with the Intacct 2021 R2 release, you can create matching rules to ignore leading zeroes on incoming checks and match by amount and doc number. Plus, even more matching capabilities are coming in future releases. But for now, let’s take a deeper dive into how matching rules work and setting them up.** ** **![Sage Intacct 2021 R2 Cash Management](https://www.equationtech.us/hs-fs/hubfs/Sage%20Intacct%202021%20R2%20Cash%20Management.png?width=941&name=Sage%20Intacct%202021%20R2%20Cash%20Management.png)** **Note**: previously, incoming transactions for an import file or a bank feed were matched using matching attributes. Matching attributes won’t be available after this release. Before you can reconcile with an import file or bank feeds, you need to set up matching rules for an account. With Intacct 2021 Release 2, improvements have been made to the checklists (introduced in Intacct 2021 R1) and added dashboard components so you have better visibility of the **monthly closing process** and where your close stands. A component that you can add to dashboards shows you the last closed date for each application area, as a top-level summary or by entity.  Plus, a new **Closed Thru Summary** component gives you the power to view the close status for your GL and subledgers in a central view, directly from a dashboard. It gives you immediate insight into the status of books. You’ll see the close status from each application area that supports a close process. ![Sage Intacct 2021 R2 Close Process](https://www.equationtech.us/hs-fs/hubfs/Sage%20Intacct%202021%20R2%20Close%20Process.png?width=977&name=Sage%20Intacct%202021%20R2%20Close%20Process.png) Also, in the area of financial management, **General Ledger approvals** have been enhanced to enable more control over notification frequency to match how individual users work, better visibility into who the journal entry has been submitted to for approval, easier access to approval attachments, and enhanced AI-powered outlier detection that has been expanded to flag any allocation splits that require a closer look. ## Expanded Billing Flexibility in Contracts Management Sage Intacct 2021 R2 includes several contracts enhancements that improve the ease of setup and flexibility of subscription billing and revenue management. For example, just as you already specify the Ship-to contact at the contract line level, you can now specify the Bill-to contact. This is an enhancement that came as a suggestion from Intacct customers like you and is laying the groundwork for additional invoice aggregation options that will be available in a future release.  ![Sage Intacct 2021 R2 Contract Line](https://www.equationtech.us/hs-fs/hubfs/Sage%20Intacct%202021%20R2%20Contract%20Line.png?width=943&name=Sage%20Intacct%202021%20R2%20Contract%20Line.png) In addition, **Revenue Recognition** improvements include better control over project revenue calculations as well as the ability to clear MEA allocations that cover **predefined percentages** in contract lines (previously only available for straight line, daily rate, or quantity-based). Lastly, you can now [import billing price lists](https://www.intacct.com/ia/docs/en_US/help_action/More/Uploading_Data/Contracts/import-contract-billing-price-list.htm?cshid=Import_contract_billing_price_list?utm_source=var&utm_medium=referral&utm_term=equationtech) using a CSV template. Previously, you had to add billing price list entries via API or manual data entry. Use the import process to create new billing price lists or add new price list entries to existing price lists.  The new billing price list import template contains everything you need to get started importing your data. ## Even Better Inventory Control When it comes to inventory control, Intacct 2021 R2 introduces a few changes to make managing **negative inventory** more flexible.  Previously when negative inventory was allowed, warehouse transfers were blocked if there wasn't enough quantity to transfer out. Now, if negative inventory is allowed, it's also allowed on warehouse transfers.  Intacct also now offers an option to turn on negative inventory selectively by warehouse (rather than just enabling it companywide). In addition, over 40 additional standard item attributes have been added for even more detailed and comprehensive inventory item tracking. These additional standard fields allow you to track even more data points without the need to create any custom fields.  Most of these new fields are based on industry research in wholesale distribution, third-party integrations, and customer feedback to further define the unique characteristics of an item according to various and unique business needs. Lastly, it’s now faster and easier to run reports from an inventory item without having to leave an item record. Simply click the links added to the Inventory section on the General tab to quickly and efficiently run these reports (screenshot below).  ![Sage Intacct 2021 R2 Inventory](https://www.equationtech.us/hs-fs/hubfs/Sage%20Intacct%202021%20R2%20Inventory.png?width=977&name=Sage%20Intacct%202021%20R2%20Inventory.png) ## Expanded Custom Reporting and Analytics Sage Intacct 2021 R2 introduces several key updates to the advanced reporting tools, **Interactive Custom Report Writer** and **Interactive Visual Explorer**, that make it easier to slice, dice and analyze data to make quick and informed business decisions. Taking flexibility to another level, you can now join reporting areas on the fly in Interactive Custom Report Writer.  Joining reporting areas shows columns side-by-side, so you can get better visibility into the relationships between your data. Plus, new pre-built time attributes added in Interactive Custom Report Writer and Interactive Visual Explorer allow you to easily organize your data by fiscal year, quarter, or month. You can quickly drag and drop attributes to filter reporting by prior or current fiscal year, quarter, or month, reducing the time and necessity of manually adjusting dates. Lastly, based on customer feedback, Intacct 2021 R2 adds a new option to output filter criteria in reports created using the standard custom report writer tool. ## Have Questions or Need Help? This article only covers a portion of all the new features and enhancements that are included in this jam-packed release. Be sure to [contact us](mailto:info@equationtech.us?subject=Sage%20Intacct%202021%20R2) if you need help with the latest version or want to request a copy of the full-detailed release notes for Intacct 2021 Release 2. ### Related Articles ##### [Why Nonprofits Are “Playing Defense” Financially (and How to Fix It)](https://www.equationtech.us/sage-intacct-blog/why-nonprofits-are-playing-defense-financially-and-how-to-fix-it) Nowadays, if you're involved in nonprofit financial management, you're probably spending more time... ##### [Make Month-End Less Painful with Sage Intacct Checklists](https://www.equationtech.us/sage-intacct-blog/make-month-end-less-painful-with-sage-intacct-checklists) Month-end close isn't anyone's favorite time of the month. Between all the work, it's easy to lose... ##### [The Technology Nonprofits Need in 2026 (According to Finance Leaders)](https://www.equationtech.us/sage-intacct-blog/the-technology-nonprofits-need-in-2026-according-to-finance-leaders) Not all technology helped nonprofits survive 2025; [17% of organizations said it didn’t help at all](https://www.equationtech.us/hubfs/1%20Intacct%20Files/Effie%20-%20files/Sage%20Intacct%20The%202026%20Nonprofit%20Outlook%20Research%20Report%20-%20Equation%20Technologies.pdf). ## Need Help Now? 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