We’re excited to announce the R3 Release of Sage Intacct Real Estate! This release introduces powerful new features and performance enhancements to streamline real estate operations, improve reporting, and reduce manual effort.
1. Tenant Ledger Report
Track tenant activity with a new, detailed ledger report.
🔍 Overview:
The Tenant Ledger provides a time-filtered view of all tenant charges and payments, helping you reconcile accounts and monitor cash flow.
🧾 Key Features:
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Detailed Line Items: View individual charges and payments.
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Monthly Breakdown: Transactions are grouped by month with monthly subtotals.
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Organized by Unit: Easily locate activity by unit and tenant.
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One-Click Export: Export to PDF for easy sharing or documentation.
2. CPI-Based Rent Increases
Automate rent increases using CPI index rates from the Bureau of Labor Statistics (BLS).
⚙️ How It Works:
Users can select a CPI Index type and apply rent increases in bulk using a new task in the interface.
🔑 Key Features:
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Automated Rent Adjustments: Calculated based on selected CPI rates.
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Recurring Charges Integration: Configure CPI increases directly within the lease setup.
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Preview Journal by Lease: Review changes before applying them.
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Bulk Processing: Apply updates to multiple leases in one go.
✅ Benefit: Saves time, ensures consistency, and eliminates manual updates.
3. Project Dimension in Property Setup
Align financial tracking by linking properties with projects.
🆕 What’s New:
A new Project field has been added to the Property Setup screen, allowing association with Sage Intacct’s Project Dimension.
✅ Benefits:
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Supports project-based accounting.
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Improves data consistency across systems.
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Enables accurate expense allocation and reporting.
4. Journal Attachment Option for Invoices
Gain more control over invoice generation during Scheduled Charges.
🔧 What’s New:
A new checkbox – “Attach the Journal to each Invoice” – has been added to the Generate Scheduled Charges process.
✅ Benefits:
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Enabled by default for backward compatibility.
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Users can opt out to avoid unnecessary attachments.
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Streamlines invoice documentation and saves storage space.
5. Performance Improvements – Report Center
Enjoy a faster, smoother reporting experience.
✅ What’s Improved:
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Faster Load Times: Significant backend optimizations.
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Improved Performance: Especially for large or complex reports.
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Enhanced Productivity: No more delays or slowdowns.
6. Bulk Import of Recovery Expenses
Easily import Recovery Expenses from SIRE for multiple leases.
🆕 What’s New:
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Bulk Import Capability: No need to upload expenses individually.
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SIRE Integration: Direct import workflow via SIRE.
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Improved Efficiency: Accelerates lease accounting for large portfolios.