• Reducing the value of an asset


    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 don…

  • Depreciation rates

    Hello!  We use the Sage Premier product. I'm wondering if there is any way to see what rates are being used for depreciation for each method?  I've not seen it in a table. I assume it may come with the updates and be in the software itself. Is there…

  • Prior Year Bonus Depreciation Correction

    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 true…

  • Tax Depreciation for Autos With Bonus

    I have 3 questions related to this topic.

    1. 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…
  • Straight Line Calculation

    Is there somewhere that I can find details on the formulas used by sage to calculate deprecation?

    We are moving from Lawson Fixed Assets to Sage Fixed Assets and our calculations are not coming out correctly. 


  • Sandbox Test Area for Sage Fixed Assets

    Is there a sand box for Sage Fixed Assets where I can test running depreciation twice for February 2019?

  • Adjust prior year depreciation

    I need to adjust depreciation for a few assets in the prior year. How can I do that with impacting the current years depreciation?

  • Luxury auto calcs wrong in years subsequent to a section 168 bonus election

    Bonus Depreciation on luxury autos. I have posted on this site regarding this issue before yet after 3 years, I still cannot get a straight answer. For a luxury auto placed in service in years with 50% bonus depreciation, the allowable section 168 bonus…

  • Section 179D Deduction Calculation In Sage FA 2016

    I'm having a disagreement with my company's internal tax accountant.  She is claiming that Sage FA is not treating the 179D deduction for the HVAC unit in a new building.

    From what I can see & have rechecked Sage is calculating depreciation correctly…

  • Is there any way to split an asset that is existing asset?

    We have one asset that really has three components that need to be separated so that they can be disposed of individually.  Is there any way to do this?

  • Changing asset value on a specific date

    I currently have a land asset listed in Sage (not depreciating).  I would like to increase the asset value as of 12/31/2015 in order to match the value increase in our accounting program. Unfortunately, this date doesn't match any options available when…

  • Help with some items 2015.1

    I have a team that is going to meet with me tomorrow to discuss the following items with Support unless I get them from other sources.  I went to knowledge base, so I figured this was the next step in the process.  Here are the items we could use some help…

  • incorrect purchase price entered for asset

    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…

  • Multiple Under Depreciated Assets

    I recenly took over Fixed Assets for an existing company in our 2015 FAS-Depreciation Network.  While familarizing myself, I ran a Depreciation Adjustment report.  The report uncovered 424 assets that were under depreciated and amount to a considerable amount…

  • Assets not depreciating (amortizing) as expected


    We have intangible assets that are not depreciating properly in the final year of their life.

    At the end of the prior fiscal year, the NBV and depreciation amounts were correct.  I closed the period, as usual, and ran depreciation in period 1 of…

  • Disposals


    When we process disposals between periods, the Internal depreciation calculation will not calculate for the disposed assets. The depreciation is calculated for Tax. Has anybody experienced this before?

    Thank you,