New Financial Features in Acumatica 2019 R2

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Acumatica 2019 R2 - Financial Features

Acumatica 2019 R2 was released in September, 2019 and included more than 100 improvements, enhancements, and new features.  The release notes are extensive covering additions in the platform, usability, financial management, project accounting, inventory and order management, construction, field service, and manufacturing.  Many of these new features were developed by user requests, to make Acumatica more efficient.

Acumatica Gold Certified Partner LogoFinancial Management

Rather than reading through all the release notes, we have consolidate the new financial features into one easy PDF with screen shots – Download it here.  There are many great new additions to save you time when using financials in Acumatica 2019 R2.  Here are the highlights:

  • Restricted use of Control Accounts
  • Automatically Post on Release is Selected by Default
  • Depreciation of Credit Card Processing Plug-Ins
  • External Transaction ID for Credit Card Transactions
  • Funds Transfer Document Ref No Longer Required
  • 1099-Misc Reporting by Branch
  • Application of Payments to Particular Lines of AP Documents
  • Pay Date Column Has Been Removed and Doc Date Added
  • User-Defined Fields are supported for Vendors
  • Release AP Retainage Check Box Renamed
  • Retainage Vendor Ref Removed from Release AP Retainage Screen
  • Automatically Post on Release Is Selected by Default
  • Approval of AR Invoices, Credit Memos and Debit Memos
  • External Transaction ID for Credit Card Transactions
  • Improved Loading of AR Documents for Payment Application
  • User-Defined Fields are supported for Customers
  • Refresh Button for Payment and Applications Updated
  • Terms Box Added to Dunning Settings Tab
  • Release AR Retainage Check Box Renamed
  • Include Expense Recognized in the Same Period as Deferred is selected by Default
  • Include Revenue Recognized in the Same Period as Deferred is selected by Default
  • Company ID Column Hidden on Generate FA Calendars
  • Automatically Post on Release Is Selected by Default
  • Sales Tax Support in Accounts Payable
  • Automatically Post on Release Is Selected by Default

Download the full PDF of all the new financial features, including screenshots.

Now might be a great time for your business to look at Acumatica or an upgrade.  We recommend you schedule an upgrade during the slower season or opposite of your busy season.  Plan for a 30-60 day project timeline and execute during that time-frame on a yearly basis.  If you plan and coordinate enough in advance, you should always be on a supported version and not have to worry about reacting and putting your company at risk.

You might ask, what happens if I do not upgrade and am not on a supported version.  That is dependent on what license type you have, and you need to discuss with your Crestwood Client Account Manager as to what that means for you and your organization.

At Crestwood, we are here to help you with your upgrades and making sure that you are taking advantage of your investment!  If you have questions, email us at sales@crestwood.com

Read more about Acumatica on our blog.

About Acumatica ERP system

Acumatica Cloud ERP provides the best business management solution for transforming your company to thrive in the new digital economy. Built on a future-proof platform with open architecture for rapid integrations, scalability, and ease of use, Acumatica delivers unparalleled value to small and mid-market organizations. Connected Business. Delivered.

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