Utilizing Multi-entity and Multi-currency Management in Sage Intacct

By | February 3, 2024

Sage Intacct is now the choice of ERP for today’s fast-paced businesses looking for a cloud solution with actual efficiency and automated workflows.

The Multi-Entity Management makes it easy to support, manage, and control the operations occurring in and among the entities of your company. You use the Manage Multiple Entities page to make basic decisions about how entities operate in relationship to each other and corporate headquarters, including:

  1. Selecting whether each entity can have its own base currency.
  2. Turning on the ability to restrict customer and vendor visibility by entity.
  3. Controlling how Intacct handles inter-entity transactions.


The advantages of utilizing Multi-entity and Multi-currency Management in Sage Intacct are vast and impactful:

  • Efficiency: Sage Intacct streamlines the oversight of multiple entities and currencies, automating financial consolidation tasks such as currency conversions, inter-entity transactions, and local tax reporting. This automation eradicates the need for manual efforts, enabling quicker book closures. The system can consolidate hundreds of entities within minutes, significantly enhancing productivity by over 50%.
  • Consolidation: Sage Intacct offers an extensive suite tailored for multi-entity, multi-currency consolidation. It automates inter-company eliminations during the consolidation process and adeptly manages intricate ownership structures, including minority and partial ownerships.
  • Clarity: Sage Intacct elevates clarity through easily customizable domestic and global reports. It provides detailed insights, capturing eliminations and currency impacts as part of the recorded journal entries.

  • Global Presence: Particularly beneficial for businesses with a global footprint, Sage Intacct facilitates global expansion with reliable, precise, and straightforward multi-currency consolidations.
  • Customization: Sage Intacct empowers users with a robust customization feature, allowing for the quick addition of new or existing entities to model organizational structures based on reporting preferences.
  • Integration: Sage Intacct seamlessly integrates with various business applications, ensuring a smooth flow of data and minimizing the need for manual data entry. The system also facilitates the effortless setup of new entities, providing configurable rules for inter-entity transactions, bank accounts, and more.
  • Productivity: Sage Intacct has the potential to elevate productivity by more than 50%, diminishing errors and saving time through automated financial consolidation tools. This, in turn, enables you to concentrate on strategic initiatives and business growth.

In conclusion, Sage Intacct stands as a comprehensive solution for businesses seeking efficient and streamlined multi-entity, multi-currency management. Its automation capabilities, customization features, and seamless integration make it a powerful tool for enhancing productivity and fostering global growth. Embrace the advantages of Sage Intacct to transform the way you manage and consolidate financial data across diverse entities and currencies.

About Us

Greytrix – a globally recognized and one of the oldest Sage Development Partner is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Being acknowledged and rewarded for multi-man years of experience and expertise, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation competence.

Greytrix has a wide product range for Sage Intacct- a Cloud ERP. This includes migrations from QuickBooks | Sage 50 | Sage 100 | Sage 300 to Sage Intacct. Our unique GUMU™ integrations include Sage Intacct for Sage CRM | Salesforce | FTP/SFTP | Rev.io | Checkbook | Dynamics 365 CRM | Magento | Rent Manager | Treez | Avalara Avatax | Blackline SFTP. We also offer best-in-class Sage Intacct Development Services, Consulting services, integrated apps like POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage Intacct to Sage business partners, resellers, and Sage PSG worldwide. Greytrix constantly develops apps, products, and add-ons to enhance user experience. Sage Intacct add-ons include AR Lockbox File Processing.

Greytrix GUMU™ integration for Sage CRM – Sage Intacct, Sales Commission App for Sage Intacct, and Checkbook.io ACH/Digital Check Payments for Sage powered by GUMU™ are listed on Sage Intacct Marketplace.

The GUMU™ Cloud framework by Greytrix forms the backbone of cloud integrations that are managed in real-time for the processing and execution of application programs at the click of a button.

For more information on Sage Business Cloud Services, please contact us at sagecloud@greytrix.com. We will like to hear from you.