• 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…

  • Adding estimated life to accelerated Depr method

    Hi 

    I have a location using MF100 on their internal books.  They would like the asset to have a life of 12 years which is not currently an option.  Is there anyway to add a 12 yr life?  I know that accelerated methods are typically reserved for tax books…

  • 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…

  • Not Letting me Adjust Beginning Accumulated Depciation

    Hi!

    I am having a hard time adjust beginning accumulated depreciation in an asset. I am trying to force Accumulated depreciation as our GL is off compared to Sage since we had a ransom ware attack. For some groups of assets it wont let me change the…

  • Asset Template

    I think it would be nice to be able to export, update, and re-import asset templates. We have a lot of asset template set up to simplify adding assets.Since it requires a date / year to be entered it would be nice to update them on an annual basis. I…

  • Depreciation method for half months

    Are there any depreciation methods that will calculate depreciation by half months? If an asset is entered in the last half of the month, a half months worth of depreciation will be calculated in the month it in entered?

  • 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…

  • How to Use Sage Fixed Assets for Group Depreciation

    We currently have all of our computers, monitors, etc. listed as individual assets in Sage Fixed Assets. However, we would like to start using group depreciation instead by consolidating all our computer hardware into one asset. Each month we would add…

  • Leased Assets (GAAP 842)

    Does anyone know when the updates will be available for leased assets?  The support page was last updated in November of 2017, saying that Sage fixed Assets will offer additional lease accounting features.  

  • changing estimated life

    Good morning to all!  We are changing the estimated life of our assets from 6 years to 7.  There are almost 1,000 assets and I would really enjoy not going into each and every asset in order to make this change.  Is there a way to make that change for all…

  • Remaining Value Method

    Hello, 

    I have some assets that were Place in Service on 1/4/17, estimated life of 5 yrs. 6 mo.,  depreciation ran through 7/31/17, and all have a SL depreciation method. I was notified that assets had to be accelerated to be fully depreciated by 8/31/17…

  • Depreciation method

    Dear all,

    I would like to seek the advice as below situation:

    We purchased a fixed asset USD 1,000 with 5 years of estimated life.

    Regarding the depreciation policy in our country, we need to discount 10% of the acquisition value to calculate the depreciation…

  • Straight Line Method Outdated???????

    In setting up a new asset, I always choose Straight Line method but I always get a message saying this method is Outdated.  Which method should I be choosing instead?  MF200 (MACRS formula) is the method that seems to be the default.

  • When will the 2015 update for the PATH act passed 12/18/15 be available?

    The PATH act extending section 168 bonus deprecation into 2015 with a retroactive effective date of 1/1/15 passed on 12/18/15.  When will the Sage Fixed Assets software update that includes the provisions of this legislation be released for install?  We…

  • Unable to use MA100 for Real Property with a 2016 In-Service Date

    I am trying to select MA100 for the tax depreciation method on an asset added with an in-service date in 2016 with the R property type. The MA100 is no longer in the dropdown box. If I change the acquisition year from 2016 to 2015, then I am able to use…