Sage Intacct – More on Power of Dimensions
Simplify your chart of accounts.
Most financial solutions use a hard-coded structure for your chart of accounts. For example, to track 3 locations, 5 departments, and 5 projects, you’d need 75 account code combinations—and you’d end up with a complicated, unmanageable set of codes. Adding a new location or department could potentially force you to add hundreds of additional accounts. Sage Intacct lets you keep it simple—you only need to set up your primary account codes. As your business changes, there’s no need to add hard-coded segment combinations.
Track your business like never before.
Unlike traditional accounting systems, Sage Intacct enables you to “tag” transactions as well as operational data with dimension values. Tagging with dimensions, instead of assigning transactions to hard coded individual accounts, enables you to add business context to your data easily. Once you create a dimension, you can use it for any transaction—general ledger, receivables, payables, time, revenue management, fixed assets, and more. As your business changes, add the dimensions you need to easily track what’s important to your business.
Streamline your reporting and save time.
Dimensions will fundamentally improve your reporting, making it easier for you to get fast answers to your business questions. Dimensions are integrated into the user interface of Sage Intacct’s easy-to-use financial report writer. It’s simple to view performance from any new angle you need. As you create reports, simply use drop-down lists to filter, group and organize your data by dimensions. For example, you can go from a standard income statement to profitability by project or revenue by geography with a few clicks of the mouse.