Sage Fixed Assets

I've created a mapping and file for custom import into FAS - in testing a sample of the data I am getting an error for the estimated life of assets with a depreciation method of "NO". I have the field blank for those assets and a zero for Beginning Accumulated…

Dear Sir / Madam, I would like to seek your advice as follow: We have an fixed asset which is bought in 2014 with estimated life 60 months. However, the fixed asset will be scrapped in Mar 2017. So that we will change the estimated / useful life from…

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…

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…

Hello, Does anyone know the steps necessary and the depreciation key to use to convert the exisiting real property and qualified improvement property to ADS method on remaining basis over remaining life? I found the attached articles on SAGE release 2019…

I have an asset with a 5 yr life. 3 months after the in-service date an additional piece of equipment was added-on. It was give a separate asset number. How do I set the estimated life to 57 months?

Background: Our base software was acquired and placed into service on 1/1/2019. Useful life is 5yrs. Enhancements were done and placed into service on 4/1/2019. What is the best approach for the setup of the enhancement asset? Setup as a separate asset…

Hi, Is there any way to override or adjust the estimated life in the tax book if we want to use a life that is not one of the IRS life's in the drop down and we are not using the SL method? Tara

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…

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…

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…

Hello, it was recently discovered that we erroneously entered some new leasehold improvement assets with an estimated life of 3 years when it should have been 7 years and 4 months. 3 assets have a start date of 2/1/23 but were not depreciated this year…

Hello, I am attempting to create a new asset within FAS but when I chose "Add Asset," the estimated life always defaults to 7 years 00 months and I am unable to change it. How can I change the default estimated life or change the estimated life after…