I often have new additions that have a in-service date from several months ago, but the cost was not recorded until the current period. I know that I can back-date the acquisition date and/or the in-service date and catch up depreciation will be calculated…
Our company has been using Sage Fixed Assets for about a year. When I was gathering all my info for entering the assets in for the first time, there was an issue with the previous software and the result is that an asset was entered with a purchase price…
When running a depreciation expense report is there any way to adjust the column width as with the newest update it appears to have changed something as instead of numeric values I get XXXXXXX because the number is too large for the column width but cannot…
Hello,
I forgot to set the period close date when we closed our fiscal year. We have since run four months of depreciation, with no "reset date" that will work for resetting, running a period close, and then re-running depreciation for the affected…
I am running the Annual Projection Report for Internal Book for 33 years. At that time, all current assets should be fully depreciated. I would expect that the total depreciation would tie to my current Net Book Value, but that is not the case. I ran…
Has anyone else had issues with FAS Network Depreciation not starting after the splash screen. The login comes up and then the progress bar completes and the program never starts. Sage has had me do a reinstall after renaming a folder but the issue happens…
I am using Sage Fixed Assets - Depreciation (Version 2014.1) there is an asset that does not seems to depreciate it is the last cycle, but it cant seems to be fully depreciated is there anyway to solve?
I have tried forced depreciation, but it cant…
Our purchasing department uses corporate credit cards to make certain purchases throughout the year. However, these purchases don't always get entered into the G/L in a timely manner so I find out months later a certain item was capitalized and now shows…
Hello,
I have some assets that were Place in Service on 1/4/17, estimated life of 5 yrs. 6 mo., depreciation ran through 7/31/17, and all have a SL depreciation method. I was notified that assets had to be accelerated to be fully depreciated by 8…
We have a client still running Download for Sage Fixed Assets - Depreciation Network (FAS 100 Asset Accounting) v.2012. Since Sage no longer has downloads for v.2013 or 2014 on their portal, I'm reaching out to see if anyone may have copies squirreled…
Good morning to all! We are changing the estimated life of our assets from 6 years to 7. There are almost 1,000 assets and I would really enjoy not going into each and every asset in order to make this change. Is there a way to make that change for all…
We are selling a division of our company on March 15th, along with all of the assets. We want to calculate 1/2 month of depreciation expense for March on those assets. If I dispose the assets using a disposal date of March 15th, with the 1/2 month of…
How does Sage differentiate between a vehicle that weights over 6000 lbs and one that weigh less than 6000 lbs as the deprecation amounts differ between these two types of vehicles?
Thanks!
Hi
I am using Sage version 2014.1. I am wondering if depreciation can be done by different groups.
Meaning to say, I have a company in Sage, where all the assets listed have their own GL Expense Account.
I would like to only depreciate a specific…
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…
Do you have a matrix or template we can follow for our finance department? We have 3 roles:
- FAS500 Sys Admin - for IT to add users
- Finance Admins - for Finance to add/modify a company
- Finance Users - for Regular Finance Staff
We are getting…
Hi There,
We had an asset that was disposed of earlier this year however we continued depreciating it throughout the year as we didn't know about it until now. When I try to dispose of it on the date it was disposed of SAGE will not let me as it has…
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…
I have to dispose of an asset, for the month of Dec, however depreciation was already run through the month of Jan. Can someone confirm the steps needed to fix this? Below is what I am thinking:
1. Reset Depreciation (there were no prior period closes…
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
I setup an asset in Sage in error in February 2019. I need to dispose of the asset as of March 2019. If I backdate the disposal to March 2019, will that cause any errors in depreciation for 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…
