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We have an almost-last-minute switch to midquarter for MACRS. There are about 8,000 asset additions and I have completed about 250 transfers and 800 disposals (with more to go). I started the switch to midquarter yesterday, so it has been running for…
In 2023, 80% of asset purchases can have their depreciation booked immediately (so instead of spreading it over the useful life…the cost of the asset is booked to A/D immediately). How do we accomplish going back and taking the bonus depreciation in Sage…
Hello,
I added many old assets to SAGE but I'm still struggling with the older assets that are on their second half of life . For example, my building that was put into service in in 1991 is only 32 years through its 50 years but when I put in 18 years…
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…
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…
Hi,
If a 52/53 week fiscal year end on 5/28/2022 for fiscal year 2022, how would Sage handles fiscal year 2023 new assets placed in service on 5/31/2022? When adding these assets after running fiscal year 2022 depreciation, these assets will include…
