Welcome to the Sage Fixed Assets Support Group on Sage City! Available 24/7, the Forums are a great place to ask and answer product questions, as well as share tips and tricks with Sage peers, partners, and pros.
Important: Before upgrading, consult with your business partner or Sage to ensure that this update is compatible with customizations, integrated applications, and other configuration options. If you install this update independently, you assume responsibility for any impact on your system.
If you are using Sage Fixed Assets 2017.1 or newer, it’s quick and easy to download the 2018.1 release via Sage Advisor Update. If you are using a version earlier than 2017.1, follow the steps to download the release from the Sage Knowledgebase.
Sage Advisor Update (version 2017.1 or newer)
Sage Advisor Update may have already notified you about the availability of this release via a pop-up message in the Microsoft Windows system tray. Didn’t get the notification? No problem—simply follow the steps below to get the release via Sage Advisor Update:
Go to Start > All Programs > Sage > Advisor Update > Sage Advisor Update.
If the 2018.1 release isn’t listed, click Check for Updates.
After the release is found, select it and then click Download & Install or Download Only and then follow the prompts to complete the process.
To upgrade to Sage Fixed Assets 2018.1, download the product update from the Sage Knowledgebase or contact your Sage business partner:
Hello NBC, Regardless of the asset's life, if the property is eligible for bonus depreciation for regular tax purposes, then there is no AMT adjustment. Thus, either: The AMT book should be set to use the same depreciation method, life and bonus amount (if manually entering an asset, the system will default these to be the same). Thus, the depreciation is the same for both books (no AMT adjustment). Or, if you no longer are subject to AMT, then you can close the book. Here is more information on how to close a book inside the Sage Fixed Assets application: How to close a book .
To us an asset is a line item which needs to meet certain criteria. If you define it as a Personal or Real property, then we know what to tell you. I am sure I have seen assets which would fall into the catagory of “equipment maintenance” but we would not necessarily know “equipment maintenance” from a table or a computer.