INDUSTRY SOLUTIONS
Updates in Sage Intacct Real Estate
Sage Intacct Real Estate adds property management functionality to Sage Intacct. The solution features a unique data structure that puts the lease document at the center of your workflow, making it flexible enough to accommodate virtually any lease agreement. Real Estate also tracks other business-critical details related to your properties and offers multiple billing options.
Sage Intacct Real Estate is an additional subscription. Your organization must be subscribed to the core applications and Web Services to use Sage Intacct Real Estate. To learn more, contact your Sage Intacct account manager.
Seniors care lease renewals
Manage resident lease renewals for seniors care communities more easily.
Key benefits
- Quickly find leases approaching expiration using property, date, room type, and level-of-care filters.
- Generate renewal offers with updated pricing, increase percentages, and base rent limits.
- Send renewal offers by email or generate them as printable PDFs.
- Accept renewal offers individually or in bulk.
- Automatically update lease dates and recurring charges after renewal acceptance.
- Track renewal processing results through system notifications.
Improved handling of complex lease recovery calculations
Increase accuracy, reduce manual adjustments, and improve auditability of lease recovery calculations that involve item caps, retroactive charges, and gross-up.
Key benefits
- Apply item ID-level caps to honor “not to exceed” recovery terms after category-level caps are calculated.
- Automatically calculate cap adjustments during reconciliation.
- Generate retroactive charges when an adjustment date falls before the next recurring charge date.
- Prorate retroactive charges for partial billing periods based on the property’s proration method.
- Apply gross-up calculations for variable expenses when actual occupancy is below the target occupancy percentage.
- Review recovery impacts more clearly through reconciliation previews, journals, and exports.
Modernized look and feel
We've updated the look and feel of Sage Intacct Real Estate pages to be consistent with Intacct pages.
Key benefits
- Work more efficiently with familiar layouts, interaction patterns, and clearer labels.
- Reduce training time for users familiar with the Sage Intacct experience.
- Improve day-to-day usability without changing existing business workflows.
Custom vendor IDs for one-time vendors
When creating one-time vendors related to tenants, you can now choose how to assign vendor IDs. Use the ID that's automatically generated based on the Intacct vendor sequence, or assign an ID manually.
Key benefits
- Support internal vendor numbering standards and naming conventions.
- Enter a custom vendor ID during tenant creation.
- Prevent duplicate vendor IDs with validation.
- Apply the vendor ID assignment setting consistently across your organization.
Custom tenant statement communications
Get more control over the message sent with tenant statements and improve visibility into statement delivery.
Key benefits
- Customize the email message sent with attached tenant statements.
- Use standard or custom email templates for the Tenant Statement process.
- Adjust tenant-facing wording such as property, location, or entity references.
- Select the appropriate template when sending tenant statements.
- Track sent tenant statements through the email log for better auditability.
Permissions and other requirements
| Subscription |
Real Estate |
|---|---|
| Regional availability |
|
| User type |
Business user with admin privileges |
| Permissions |
Menu option for each feature to determine whether it appears on the Applications menu |
| Configuration |
|
| Implementation |
Requires:
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