• Inactivate asset.

    I entered an asset and the site opening was postponed so the asset should not be depreciating until the site goes live. I changed the Placed in Service Date to a future date, but it still shows as Active. How so I make an asset move from Active to Inactive…
  • Change in acquired value after depreciation has begun

    I have an asset that we want to add additional installation costs to the overall acquired value in Sage therefore it would increase the overall value of the asset. The only problem is my predecessor already set the asset in service a couple of months…
  • 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…
  • 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…
  • 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?
  • 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…
  • 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…
  • Reducing the value of an asset

    Hello, 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…