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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…

Our company is getting acquired and we need to post depreciation to the day before the new corporation purchases all our assets. How can I do this?

Background: Our base software was acquired and placed into service on 1/1/2019. Useful life is 5yrs. Enhancements were done and placed into service on 4/1/2019. What is the best approach for the setup of the enhancement asset? Setup as a separate asset…

I have 3 questions related to this topic. Our company's tax advisor says that for luxury automobiles that have 100% Bonus (e.g. $18,000 for a car purchased in '18), they should have no more tax depreciation on them till year 7. The way Sage software…

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.

We are wanting to change the useful lives for a class of assets from 7 years to 15 years as of 1/1/2017, without changing any of the prior accumulated depreciation amounts up until that point. I’ve been playing around and doing some research, but everything…

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…

I'm importing assets that were previously depreciated in GoSystem. Assets are not fully depreciated and some of them have bonus depreciation. For new assets I figured that when we take 100% bonus on assets we are left with no depreciable basis for AMT…

Hi - I have two questions. First, back in 10/31/19, we changed the estimated lives of all assets that had either 30 years or 27.5 years to 40 years in the tax books. At that time, we made the change using the "current thru date" not realizing that the…

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…

When you run the GL posting after disposing an asset that was not fully depreciated I get two different numbers in the GL posting report depending on how I run the report, either "all complete assets" or "active assets" ? Why is that? My reconciliation…

Recently found out that a company billed us in error and in turn we set up an asset we never had in December 2018. Vendor gave us a credit memo for the asset which we took against payment of other invoices in October 2020. I need to dispose of this asset…

Hi! I am having a hard time adjust beginning accumulated depreciation in an asset. I am trying to force Accumulated depreciation as our GL is off compared to Sage since we had a ransom ware attack. For some groups of assets it wont let me change the…

I inherited my Authority's current Sage Fixed Assets predicament and we have about 300 disposals we need to do for year end. We are stuck on version 2014. My question is in which version did the mass disposal option become available,? If it was prior…

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…

I have many assets that have 'no activity'. They have been lumped together in my reports under a one line total. I have run a current depreciation expense report and have them listed individually now. But they are not fully depreciated. There is no current…

Vehicle was placed in service on 7/27/2018. In September 2021, I made some changes for 3 leasehold assets, depreciated all assets Tax back to June 2021, then depreciated all assets Tax to September 2021. The Vehicle Tax prior accum depreciation number…