Connect with us

Accounting

Acumatica launches R1 with new interface, AI and payments

Published

on

ERP solutions provider Acumatica announced the rollout of its R1 release, sporting enhanced AI features as well as more industry-specific solutions, part of the company’s move away from strictly back-office functions and become a comprehensive business platform. 

“2025 R1 marks another step forward in our mission to provide AI-powered ERP solutions that truly work for our customers,” said Ali Jani, chief product officer at Acumatica. “We’ve focused on making Acumatica Cloud ERP even more intuitive with features and interfaces that customers love to use, automating workflows to save time and delivering industry-specific innovations that help businesses stay agile and resilient in an increasingly complex landscape. With these enhancements, businesses can leverage a powerful and strategic business platform to modernize their operations and drive growth.”

The new version has, among its other improvements, a new look that allows users to instantly view a list of all modified forms across the system on one screen, as well as quickly determine whether workflow modifications have been applied from any form. The redesign also means the software will tailor forms to match a user’s specific workflows and information needs. The layout also adapts seamlessly to any device used, providing a consistent and intuitive experience.

The entire application has been modernized with color accents for data elements, data grouping, and personalization features. The software’s user interface now lets people drag-and-drop to rearrange tabs and field elements, reconfigure grid columns and data entry tab stops, or hide tabs and fields they don’t use. The upgrade also made it easier to create and add user-defined fields to forms throughout Acumatica, as well as find data faster with improved filters and saved settings. There are also upgraded mobile capabilities with improved visibility into operation and transaction processes.

The new version also supports AI assistant recognition of project related documents, which allows users to select project-related data for bills not linked to commitments. It automatically associates purchase orders or subcontracts with AP bill lines and populates the project budget key. Users can also manually link items if no match is found, improving the efficiency of handling project-related bills.

“Our AI-first product strategy is focused on developing and delivering innovations to solve real business problems,” said Jani. “With 2025 R1, we deliver AI-powered capabilities that enhance human decision-making and empower mid-market businesses with the power of AI. By embedding AI directly into business processes and delivering AI Studio, a flexible AI engine, we’re transforming ERP into a strategic business platform that drives performance and growth for small and mid-sized organizations.”

There are also a number of new features related to payments. Users can also manually or automatically email or print payment receipts for completed transactions. These professional, PDF-formatted receipts include all the payment details.  Users can also increase the authorized amount for credit card payments without needing to void and recreate the authorization, which helps avoid delays and excess funds from being held on the customer’s account, while keeping other transaction settings, like the expiration date, unchanged. They can also choose to have payments from payment links for sales orders recorded as prepayments instead of regular payments as well as record positive or negative charges for refunds or finance charges directly on the Payments and Applications form. 

Bank reconciliation has also become easier, as the software now supports the BAI2 bank statement format, enabling automatic processing of bank transactions, as well as creating expense receipts for corporate cards and employees when configured.

Users in the payroll realm can also specify which earnings and benefits should be included in the calculation of deductions or benefits, such as a 401(k) plan, based on the percentage of some eligible earnings but not all the gross wages; and access two new pay stub detail reports that have been added to the system. 

In addition, the new version also has the ability to generate payroll summary reports, giving users a way to analyze single or multiple runs, offering key details such as payroll funding, check counts, wages, taxes, hours, earnings, deductions, and benefits—whether before or after release on a standardized letter-size, portrait-oriented report. 

The software also enables new Taxes by Code reports in the Annual Reports category in the Payroll workspace. It provides annual tax summaries grouped by tax codes. Users can generate the report with either Tax code (default) for an overview by tax codes or employee to include employee breakdowns for each tax code. Clicking an employee name in the report opens the Taxes by Employee report for that individual. 

The new version also has a number of industry-specific updates particular to manufacturing, distribution, retail, construction, and architecture, engineering and construction firms. 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Accounting

Acting IRS commissioner reportedly replaced

Published

on

Gary Shapley, who was named only days ago as the acting commissioner of the Internal Revenue Service, is reportedly being replaced by Deputy Treasury Secretary Michael Faulkender amid a power struggle between Treasury Secretary Scott Bessent and Elon Musk.

The New York Times reported that Bessent was outraged that Shapley was named to head the IRS without his knowledge or approval and complained to President Trump about it. Shapley was installed as acting commissioner on Tuesday, only to be ousted on Friday. He first gained prominence as an IRS Criminal Investigation special agent and whistleblower who testified in 2023 before the House Oversight Committee that then-President Joe Biden’s son Hunter received preferential treatment during a tax-evasion investigation, and he and another special agent had been removed from the investigation after complaining to their supervisors in 2022. He was promoted last month to senior advisor to Bessent and made deputy chief of IRS Criminal Investigation. Shapley is expected to remain now as a senior official at IRS Criminal Investigation, according to the Wall Street Journal. The IRS and the Treasury Department press offices did not immediately respond to requests for comment.

Faulkender was confirmed last month as deputy secretary at the Treasury Department and formerly worked during the first Trump administration at the Treasury on the Paycheck Protection Program before leaving to teach finance at the University of Maryland.

Faulkender will be the fifth head of the IRS this year. Former IRS commissioner Danny Werfel departed in January, on Inauguration Day, after Trump announced in December he planned to name former Congressman Billy Long, R-Missouri, as the next IRS commissioner, even though Werfel’s term wasn’t scheduled to end until November 2027. The Senate has not yet scheduled a confirmation hearing for Long, amid questions from Senate Democrats about his work promoting the Employee Retention Credit and so-called “tribal tax credits.” The job of acting commissioner has since been filled by Douglas O’Donnell, who was deputy commissioner under Werfel. However, O’Donnell abruptly retired as the IRS came under pressure to lay off thousands of employees and share access to confidential taxpayer data. He was replaced by IRS chief operating officer Melanie Krause, who resigned last week after coming under similar pressure to provide taxpayer data to immigration authorities and employees of the Musk-led U.S. DOGE Service. 

Krause had planned to depart later this month under the deferred resignation program at the IRS, under which approximately 22,000 IRS employees have accepted the voluntary buyout offers. But Musk reportedly pushed to have Shapley installed on Tuesday, according to the Times, and he remained working in the commissioner’s office as recently as Friday morning. Meanwhile, plans are underway for further reductions in the IRS workforce of up to 40%, according to the Federal News Network, taking the IRS from approximately 102,000 employees at the beginning of the year to around 60,000 to 70,000 employees.

Continue Reading

Accounting

On the move: EY names San Antonio office MP

Published

on

Carr, Riggs & Ingram appoints CFO and chief legal officer; TSCPA hosts accounting bootcamp; and more news from across the profession.

Continue Reading

Accounting

Tech news: Certinia announces spring release

Published

on


Certinia announces spring release; Intuit acquires tech and experts from fintech Deserve; Paystand launches feature to navigate tariffs; and other accounting tech news and updates.

Continue Reading

Trending