Canada

Wherever you do business, you can use Sage Intacct to meet your business needs. The following features and processes are specifically for Canada.

Cash Management

• Bank files: Generate payment files in your regional bank format to make bank file payments.
• Creation rules and VAT and GST: Use creation rules to automatically create additional transactions for reconciliation. Transactions can include VAT and GST tax calculations.
• Canadian cheques: Set up to print on preprinted or blank Canadian cheque stock.

Taxes

• Canadian tax solution: The Canadian Sales Tax standard tax solution provides an automated setup for the tax rates for Canadian GST, QST, PST, and HST, and customizable templates for tax invoices.
• Canadian tax submission: Using Intacct's integration with Sage Regulatory Reporting, your GST34-2 report is calculated for you.
• Partial exemption for Input Tax Credit: Companies using a Canadian tax solution can use partial exemption to take advantage of the Input Tax Credit (ITC).
• Capture taxes on term discounts: Customers using the standard tax solution for Canada can capture taxes on their term discounts. In accordance with Canadian Revenue Agency (CRA) rules, tax is calculated on the AR sales invoice line totals, allowing Canadian customers to meet the tax requirements for Canadian GST.
• Statement of Contract Payments (T5018): Track payments that you make to eligible contractors and subcontractors in a T5018 slip. Use the information from this report to submit your T5018 with the Canadian Revenue Agency (CRA).

Early Adopter programs

Early Adopter programs give participants access to features before they're available to everyone. Early adopters are expected to respond to feedback and survey requests. As an early adopter, you can influence how we develop the product so that it best meets your business needs.

• Cash requirements with expanded currency support: Gain visibility into expected cash flow requirements.

• Finance Intelligence agent: Ask Sage Copilot questions in natural language and the Financial Intelligence agent instantly finds answers using your financial data.

• Line-level approvals for Purchasing: Approve, reject, or route individual lines within a purchase requisition or order.

• Embedded Customer Payment Services: Introducing new ways to accept customer payments directly within Sage Intacct through our integration with Fortis and other payment providers.

• Pay bills enhancements: Experience a higher capacity bill processing, easier ways to drill down to credits, and the ability to sort and filter columns.

• Enhanced currency support for funds transfers: Global companies can now process funds transfers with up to 3 unique currencies without having to create a manual journal entry.

• Create customized tax reports: With this new tax report feature, you can define tax report boxes, add those defined boxes to a tax report template, and run a tax report from that template.
  

• Work in progress (WIP) management: Set a project's costs or billings to complete as of a specific period, and see warnings for details in the project breakdown.

Import templates

• Tax details - French versions of the tax details used in the Canadian Sales Tax solution that you can import to use with that tax solution.

• Tax schedules - French versions of the tax schedules used in the Canadian Sales Tax solution that you can import to use with that tax solution.