Intacct® Introduces New Solution for Online Storage and Retrieval of Supporting Documents For Accounting Transactions

Intacct Corporation, the leading provider of online professional accounting solutions, today announced the launch of its Supporting Documents application. The application provides Intacct users with the ability to electronically upload and associate standard business documents with specific accounting transactions, while also enabling them to securely store and retrieve these documents within the Intacct system.

The Supporting Documents application gives users point-and-click capabilities to upload business document files into the Intacct accounting system for permanent, safe storage and anytime/anywhere retrieval. The application will upload a wide variety of business document files including scanned document images, spreadsheets, and word processor documents. Users can then associate any of these documents to transactions, invoices, and reports within the Intacct system.

“Intacct's Supporting Documents will significantly boost our productivity,” said Neil Cheng, a partner at the New York City-based N. Cheng & Co., PC. “Now we will be able to attach and electronically file an entire batch of invoices that will be easily accessible when the non-profit organizations that we provide outsourced accounting services to require this documentation for their financial reviews.”

The Supporting Documents application is available for transaction classes within the following Intacct applications: Accounts Payable, Accounts Receivable, Employee Expenses, Cash Management, and General Ledger. In addition to its use within these applications, Supporting Documents includes a system-wide library, or “filing cabinet,” within which groups of documents such as key government system-wide filings, CPA reports, and bank loan covenants, can be stored, all of which can optionally be attached to various transactions. The Supporting Documents functionality is similar to the folders and filing structures on desktop computers, with the additional advantage of being securely accessible at anytime or anywhere via any Internet connection.

“Supporting Documents transforms the Intacct accounting system into a secure, digital filing cabinet,” explained Intacct CEO David C. Thomas. “Now accountants and their clients can have secure access not just to their financials, but also to their underlying documentation, from any Internet-connected computer.”

--Scales to User Needs--

Intacct’s Supporting Documents application is especially helpful to outsourced accounting companies that often receive large quantities of hard-copy documents from their clients. With Supporting Documents, outsourced accountants can easily scan and attach key documents to transaction records, turning an often-unmanageable record keeping process into a highly streamlined one.

Supporting Documents can assist other accountants and financial reporting professionals as well. For example, certified public accountants can attach engagement letters that outline the objectives of a new project. Controllers can attach spreadsheets and worksheets from various departments to the overall company budget in order to provide easy access to drill-down detail for global budget numbers. Auditors can work more efficiently as they inspect accounting transactions if supporting documents are filed with the specific accounting transactions to which they relate. Employees can submit expense reports online through Intacct’s Employee Expenses module complete with receipts that they scanned and attached as electronic files, eliminating the need for paper filings.

--Secure Accessibility--

Like all applications within the Intacct system, Supporting Documents is accessible to users based upon a strict set of permissions that are defined and customized by an accounting firm’s or company’s administrator.
Pricing and Availability

The Intacct Supporting Documents application is available immediately and is provided to all Intacct customers at no additional charge. Because the Intacct system is an online application suite, the Supporting Documents application is automatically available to users when they log on, without requiring any installations or upgrades on the user’s part.

--About Intacct Corporation (www.intacct.com)--

Intacct Corporation is the leading provider of online professional accounting solutions. The Intacct accounting system is designed for companies that need more than an entry-level PC-based accounting package but want an alternative to complex, IT-intensive client/server solutions. In addition to its core accounting functionality, the Intacct accounting system also includes Intacct Audit, co-developed with Deloitte & Touche. Offered on a monthly subscription basis, the Intacct accounting system can be accessed via any current web browser and is both PC and Mac compatible.

--For Intacct Corporation:--

Wendy Bednarz
Intacct Corporation
408.395.7549
wbednarz@intacct.com

-or-

Allison Green
Intacct Corporation
408.395.6100
agreen@intacct.com

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.