Curious how everyone is handling getting the cash back in Sage Intacct? We have yet to use the cash back we have received from Ramp but I need to soon. We are multi-entity so I’m also curious if Ramp applies the cash back to the entity that earned it or is it all applied to the parent entity?
Hi Sheri!
When it comes to handling cash back in Sage Intacct, especially for multi-entity setups, here’s a streamlined approach:
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Redeem your cash back rewards through the Ramp dashboard for statement payments or other fees
read more: https://support.ramp.com/hc/en-us/articles/360042590134-How-can-I-use-my-cashback-rewards. -
Ramp will apply the cash back to the entity that earned it, ensuring that each entity benefits directly from its own spending
read more: https://support.ramp.com/hc/en-us/articles/13796337614227-Sage-Multi-Entity-Changes-and-Frequently-Asked-Questions. -
In Sage Intacct, you’ll record the cash back as a credit to reduce the liability on the card and reflect the transaction in the appropriate entity’s account.
It’s important to ensure that the cash back is allocated correctly among your entities. If you haven’t done so yet, I recommend setting up your entities in Ramp to match your Sage Intacct setup, which will help automate the correct allocation of cash back
read more: https://support.ramp.com/hc/en-us/articles/4435940482707-Sage-Intacct-Overview.
Before you proceed, could you confirm if you’ve already set up your entities on Ramp to correspond with your Sage Intacct entities? This will help ensure that the cash back is applied accurately across your organization!
Hi Izzy. Yes, we already have all of our entities set up in Ramp to match our Sage entities. Thanks!
Wonderful, let me know if the instructions help or if you hit any additional road blocks. Thanks again!