• MACRS Convention Switch - how long can it take?

    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…
  • Bonus Depreciation

    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…
  • My depreciation are not calculating correctly

    when I calculated the depreciation, the "prior through" are gone from reports, so beginning accumulated depreciation are not correct. I tried recalculating as of 12/31/22 then redid depreciation from 1/1/2023 - 12/31/2023, but nothing changes. how should…
  • Fixed Asset Depreciation

    I need to take an extra month of depreciation for 1 particular asset. Is there a way to take 2 months of depreciation the next time I run depreciation for all assets?
  • Assets having 0 depreciation in projections

    Hello, I recently added 178 lines to a new company in SAGE. These assets had 3 different class codes and were all depreciation method RV. For some reason when I run the depreciation projection, 41 of them are showing as 0 and I can't figure out why…
  • 2023 Bonus Depreciation

    According to the tax regulation, bonus depreciation now ramps down to 80%, starting in 2023. However, in the software, the input dropdown option is either 50%, or 100%. How to make the software calculate an 80% bonus depreciation on the fixed assets?…
  • Disposals

    Hello, 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,
  • Assets not depreciating (amortizing) as expected

    Hello, 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…
  • What is the best method for setting a period close after the actual period close date?

    Hello, I forgot to set the period close date when we closed our fiscal year. We have since run four months of depreciation, with no "reset date" that will work for resetting, running a period close, and then re-running depreciation for the affected…
  • Tax Depreciation for Autos With Bonus

    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…
  • Beginning YTD and Year-End Cutover

    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…
  • Over - depreciated assets

    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…
  • Transfers Always Result in Having to Re-Depreciate Whole Year

    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…
  • 52/53 Weeks New Assets Depreciation

    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…