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We have an almost-last-minute switch to midquarter for MACRS. There are about 8,000 asset additions and I have completed about 250 transfers and 800 disposals (with more to go). I started the switch to midquarter yesterday, so it has been running for…

In 2023, 80% of asset purchases can have their depreciation booked immediately (so instead of spreading it over the useful life…the cost of the asset is booked to A/D immediately). How do we accomplish going back and taking the bonus depreciation in Sage…

New to SAGE FAS but very familar with SAP and Oracle. I would like to create an export file (excel or XML) that contains the list of our assets with their future period depreciation projections by each individual asset. The standard report only shows…

When I ran depreciation for November month end, it appears that the current depreciation is multiplied by seven on all reports. Acquired Value and Current Accum Depreciation are correct. Re-running it has made no difference, even when selecting "Force…

We use Microsoft Dynamics SL as our accounting software and were looking at purchasing the GL Link, but I see there are a couple of options. Is one better than the other? Deciding between the Universal Link and Microsoft SL specifically. I was told…

Hello all, We want to reclassify an asset from machinery to computer equipment. We originally had this asset set up with an estimated life of eight years, now we need it to be changed to five years. The asset has been depreciated for six months already…

At the end of 2017, I set up impairment contra-assets in order to write down the value of the Leasehold Improvements booked prior to the impairment analysis. I set them up so that they would fully depreciate at the end of the lease, as the LHI assets…

Hello, Sage starts fine locally on App-V Sequencer machine. Running in Citrix with MS App-V program starts, but something is wrong, checking sage seats. Can someone help me which Files or Registry keys are missing ? What is the mechanism whenn starting…

The rate and useful economic life of the asset is in 3 yrs and should be 36 months,the systems is in month.Please, Can someone help where should i go and make such changes ? Please help me

Is there a sand box for Sage Fixed Assets where I can test running depreciation twice for February 2019?

Hi all, Is it possible to create a copy of database in SAGE fixed assets? I advised my client to possibly to create a new set of books by creating a copy of the existing databse, but she claims this is impossible task. She claims the only way to do this…

I need to increase the acquisition value on an asset placed in service 9/2017 by $48K. Will Sage do a catch up entry in the G/L when I run depreciation for my current period close for July 2019? How do I get the depreciation on the $48K to start from…

Hi all, This is the first year I have needed to use the Sage fixed asset reporting software. I am attempting to gather prior year accumulated depreciation for a client, but am having trouble with the depreciation summary report wanting to pull in current…

I frequently have situations where I have a project that went into service in November 2018, and I did not find out about it until the current month in 2019. I setup the project in SAGE with a 2018 in-service date. When SAGE calculates depreciation in…

It will not allow me to change it back to 39/MF100 for this year. I am getting an error message that says the 39 year useful life is invalid when I try to change it back.

I have an amortizable asset that is a 15 year estimated life asset, but the system is automatically making it a 5 year asset. I have a similar asset placed in service 1 month earlier that worked just fine. This was placed in service 12/17/2018.

Does SAGE meet these three basic benchmarks after a change in cost , depreciation method or life ? 1-recalculation of the correct life-to-date depreciation for the current period based on the original in-service-date. 2-calculation of the necessary…

Are there any depreciation methods that will calculate depreciation by half months? If an asset is entered in the last half of the month, a half months worth of depreciation will be calculated in the month it in entered?

Fiscal year end for a company is 12/31/2019. They've been keeping their books in another system. They want to import assets with depreciation already taken through 12/31/2019. Is it necessary to import into the Beginning YTD field? The documentation…

I think it would be nice to be able to export, update, and re-import asset templates. We have a lot of asset template set up to simplify adding assets.Since it requires a date / year to be entered it would be nice to update them on an annual basis. I…

After we upgraded the client to Windows 10, every time try to run the Depreciation function the client just crashes with no error message. I've opened a support case but figured I'd also ask here.

Hello, Everytime I have transfers within the company it always results in an error with the current YTD depreciation and overstates the monthly depreciation. I then back it up a month and re depreciate but then this gets rid of all of my prior throughs…

Hello, We recently upgraded to Sage Fixed Assets Premier Depreciation 2021.1, and the program is crashing when I run depreciation reports. Not always, but more often than not. Depreciation appears to be calculating correctly. I talked with my IT team…

Hello, An asset was added in 2018 for $248K. Due to a settlement in our favor, the asset value needs reduced to about $100K. I know I would just change the acquisition value of the asset for each of the books, but how would I handle depreciation? I…

In May we capitalized an asset. In June we decided to sell to a customer instead. I disposed at a gain on sale of the asset. However the disposal report is not showing the current accumulated depreciation we ran for May and June. Why?