• Reducing Value of Fully Depreciated Asset

    Trying to reduce the value of a fully depreciated asset. When the change is saved, I get the notice "critical depreciation change" page with 4 options: 1) placed in service date, 2) beginning date, 3) period close date {this is grayed out}, 4) current…

  • Accelerate depreciation on assets down to 3 years

    I am trying to accelerate a group of assets down to 3 years.  First - do I need to close my period before I run the new depreciation?  I have done the RV depreciation method for the internal book and changed the estimated life to 3 years.  I run the deprecation…

  • Remaining Value Method Asset with 3 months amortization Posted 2 months amortization the first month

    Hello everyone,

    We are using Sage Fixed Assets - Premier Depreciation V2022.0

    We also use this program for Amortization of Prepaid Assets.

    We have an Prepaid that was entered into FAS with the following Parameters:

    In Service Date = 7/1/2022


  • Sage straight line depreciation not calculating correctly

    I have set up an asset on sage with straight line depreciation of 2%

    Cost price is £1,485.96, so depreciation should be £2.48 per month. However, when I enter NBV into sage of £1,218.49, it changes the depreciation to  £2.44


  • Asset Sale

    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?

  • Initial Year: Short Year MACRS Depreciation


    Thank you for any help in advance. We had a property acquired in October 2021 and we are trying to calculate short year initial year depreciation. I set up the company with a business start date of 10/2021 but when I run the mid quarter MACRS depreciation…

  • How to include foreign subsidiary in FAS( Issue of foreign currency/currency translations)


    We are looking into moving all our Companies( foreign based subsidiary located in UK) fixed assets into FAS by legal entity. We have come up with  issue of foreign currency.  I  wanted to find out if FAS can handle multiple currencies and possibly…

  • Assets depreciating too much

    We transferred assets from Redmoon to Sage. Once the transfer was complete, I verified that all of the information transferred over correctly. When I ran my first months depreciation in Sage, I had to do a 3 month catch-up. Most of the assets depreciation…

  • Vehicle depreciation

    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…

  • Amortization Adjustment


    We have Intangible with Value $2,100,000 and its accumulated amortization till September was $350,000 .We had booked impairment loss of that asset amount $1,7500,000 in September. Our FAS system is still calculating depreciation .We need to adjust…

  • G/L accum Act No & balance sheet

    After posting the depreciation expense to Sage 50, the amount for "G/L accum Act No" does not match the amount on my balance sheet (under property and equipment). Where could I look for the discrepancy?

  • Does property type Q have depreciation limits?

    We have vehicles between 6,000 and 14,000 GVW and believe Property type Q is the correct selection.  

  • Disposed Asset - restored

    We recently disposed an asset before the end of life in Sage. This transaction was later deleted as we decided to keep depreciating until the end of actual life. This has messed up the monthly depreciation amounts. Any suggestions to get it to depreciate…

  • Assets are no longer depreciating and are not fully depreciated either?

    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…

  • How to reset everything back to the beginning of the year

    We entering many many incorrect disposals and would like to reset everything back to the way it was before we started doing any work in the 2021 system.  All we have is a backup of the system at the end of 2020 before we rolled over to 2021.  Is it possible…

  • Solar Energy Panels- depreciation life

    We purchase an older building with a solar panel system on the roof. Using current FMV of system to create a separate asset how many years should we use for life IRS 5 years or useful life left of 18 years?   

  • Is there a way to calculate PA and IL depreciation within Sage? Can we set up a separate book?

    Is there a way to calculate state specific depreciation for Pennsylvania and Illinois?  Can a separate book be set up for these states?  How do you tell sage what the depreciation rules are or does the software automatically calculate?

  • Tax Book Net Value

    I am being asked, "For the Tax Book, how is there a NBV but no Depreciation has been ran this year?" For the following item:

    BUILDING - Property Type R

    Tax Book:

    Placed in service: 10/01/1982

    Value: $889,038.09

    Depreciation Method: SL


  • Current YTD Depreciation decreased on the Tax Workbook from August to September.

    I disposed of a auto on 09/07/2021. In the Tax Workbook on 08/31/2021 the Current YTD Depreciation on this auto was $740.92. When I disposed of the auto on 09/07/2021 the Current YTD Depreciation is $555.69. How did the depreciation decrease from Aug…

  • Inactive Asset Record

    I entered an asset record on 3/24/21.  Research found that no depreciation was accrued for March or on April's run, then on May it "caught up" with charges for Mar, Apr, and May.  No charge was made on the June or July depreciation run and…

  • California Vehicle Depreciation Limits and Methods


    Does anyone know how to get Sage FAS to depreciation vehicles using the California limits and not the Federal limits?  I'm not taking 179.


  • No Acquisition Value

    I am relatively new to FAS, and I have been tasked with cleaning up our asset list. I have found a handful of assets that are missing the acquisition value. Some of these assets go back to as early as 2010. When updating the value, I am prompted with…

  • Revaluation of Property Assets such land, houses

    Good day,

    Our company wants to add asset such a residential properties in Sage, however these assets are revaluation every year. How do we store these assets in such a way that we can record the original acquisition value and historic records of the values…

  • Accumulated Depreciation can't be zero

    I'm importing assets into SAGE and I keep getting the error Beginning Accumulated Depreciation can't be zero. Can someone help with this problem?

  • Personal Property

    If the total cost of an asset includes the Use Tax. How do I separate the Use Tax for Personal Property return purposes?