Bunch of new features were just released for companies sending expense reports to Intacct. Here are some highlights:
Multi-Currency – We now support sending expense reports entered in the same base currency within ExpenseCloud to Intacct. Just make sure the base currencies match up between the ExpenseCloud company (subsidiary) and entity your sending the reports too in Intacct. If the report contains additional foreign currencies, ExpenseCloud will take care of the conversion before the report is sent over to Intacct.
Entities – Intacct has a great feature of creating multiple entities that all role up to one global account. Often, Intacct’s Time and Expense is not subscribed too at the global entity, but at one of the sub-entities. ExpenseCloud now supports the ability to select which entity you want to send the expense reports too and synchronize with (Bills, Expense Types, GL Codes, Employees, etc). This feature can be enabled when you are adding Intacct as an export option in our Add-On section.
Mileage – ExpenseCloud now includes the number of miles driven in the PAID TO field within Intacct’s Time & Expense. So if you enter in 10 miles @.55 per mile in ExpenseCloud, it will show up as 5.50 in the amount field of Time & Expense, and the 10 miles will be displayed in the PAID TO field.
Lastly, were considering adding additional export options to Intacct. Right now all reimbursable expense are sent to Time & Expense and all non-reimbursable expenses sent to Accounts Payable as a Bill. Ideas we are considering are journal entry or integrating with the credit card module. We welcome your feedback or suggestions on what you would like to see here. Please send us an note at email@example.com with any ideas.