Conforming to section 163(j) rules for fixed asset depreciation
A new feature, Bulk Edit , and two new depreciation methods, RH and RM , are available in Sage Fixed Assets-Depreciation 2019.1 and later to easily change the depreciation method and life…
How to change assets for 163(j) compliance-Rev070119.pdf
I'm coming to Sage Cloud from Sage 50 and am used to using the Fixed Asset Module which posts monthly depreciation via the month end routine. In the new cloud version is there anything equivalent, or do i just do it manually through journals?
This session looks at the Fixed Assets ledger that available in Sage 50 Accounts. You'll learn how to:
Add records, including the option to import
The depreciation methods
How to process depreciation as part of the month end process
This session…
As you have the ability to add new nominal codes it makes sense, and would be helpful, if you could then have the option of where items are posted within the journal. For example, If there is a fixed asset account with separate additions and depreciation…
When trying to generate accounting entries from the fixed assets module > processing > acct interface you may get the following error similar error
This is due to too much lines are being generated and the size of the screen that handle those entries…
My client wants to prorate the 1st month of depreciation in days if the asset was put into use during the month, but for the rest of the duration, the depreciation should be pro-rata monthly.
Similar to the 1st month, the last month of depreciation…
South African Revenue Services (SARS) grants an accelerated depreciation schedule for:
Machinery & plant (new or used)
Used directly in manufacturing process
Brought into use for the first time by the taxpayer
For purposes of his trade
Write…
I have implemented the fixed asset in Sage X3 version PU9 as per the curriculum provided in the training by Fixed asset instructor from Sage University.
Performed every step as per his instruction. only problem that I found was I cannot see the any…
Finally, the IRS has introduced rules related to the Qualified Business Income (QBI) deduction under IRC Section 199A for taxpayers with rental real estate. Section 199A was introduced as part of the Tax Cut and Jobs Act (TCJA) in 2017.
Finalized…
Every year the Sage Fixed Assets team strives to bring you features, enhancements, and updates in our products to improve your ability to bring value and efficiency to your organization. Partly driven by customer requests and partly by tax changes, 2019…
Only one month can be entered as period but for some customers it would be helpful if one could enter 3 or 6 months.
Furthermore, there is no report behind this function, you can only print the actual screen with 20 assets.
Note:
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Sage Fixed Assets Year End: What…
How to run Depreciation
How to dispose an asset
How to transfer an asset
How to Apply Midquarter
How to change critical depreciation fields
How to report on a past or future period
Depreciation this run is too high
How to force depreciation…
The concept of impairments is only used for financial reporting purposes and never for tax. For tax purposes, an asset is either depreciable or not. It is a different story under GAAP (Generally Accepted Accounting Prnciples), however.
Under both…
No, this blog has definitely not been posted to the wrong site! After all, both blueberry bushes and cows are fixed assets and the connection to each other is that they have both recently been mentioned in Congress during the talks on renewing and possibly…
