• 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…

  • How do I tweak an asset so I can dispose of it without it taking a month's worth of depreciation in same month of disposal

    I have a user trying to dispose of an asset in beginning November without Sage taking depreciation for November.  Is there a way to do this?  We also use the period close feature so retiring at the end of October is not an option.  I'm assuming Sage is taking…

  • 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. 

    Thanks 

  • Dispose an Asset After Depreciating

    Hi There,

    We had an asset that was disposed of earlier this year however we continued depreciating it throughout the year as we didn't know about it until now.  When I try to dispose of it on the date it was disposed of SAGE will not let me as it…

  • Asset Disposal Not Giving Proper Gain/Loss

    Hello,

    We have finished running depreciation up until July 31 and are trying to dispose of an asset Aug 1.  We received no funds and the loss should equal the NBV at that date, $8.36.

    When I go to dispose of the asset, the "Asset Information" box from…

  • depreciation on assets being disposed of

     We are selling a division of our company on March 15th, along with all of the assets. We want to calculate 1/2 month of depreciation expense for March on those assets. If I dispose the assets using a disposal date of March 15th, with the 1/2 month of…

  • 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…

  • Does the quantity field have any use than information only?

    A client has quantities for most assets and does partial disposals of those assets. The disposal procedures and calculations appear to not recognize quantities, as partial disposals are based on amounts only. Nor is the asset quantity affected by a partial…

  • 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…

  • 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 assets…

  • 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 1 of…

  • 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,