Sage Fixed Assets

We acquired a company where all the assets were fully depreciated. I am trying to add the fully depreciated assets to our Sage Fixed Assets program. How do I add an asset with value that is already fully depreciated?

Hi, my company is using FAS Premier Depreciation and Tracking software. We have an Application server with FAS installed and then we have a SQL server instance with the production DB on it. We are in need of creating a 2nd SQL DB but on a differnet SQL…

When I ran depreciation for November month end, it appears that the current depreciation is multiplied by seven on all reports. Acquired Value and Current Accum Depreciation are correct. Re-running it has made no difference, even when selecting "Force…

Hello, I have our live FAS listing in the current year (2015), and run monthly depreciation. When I am asked by auditors for FAS listing of prior years, (for example: 2011), I open a save copy of the 2011 company, create a report and send it over. However…

I have assets that were added into Sage Fixed Assets in 2015, but the actual DPIS is in 2014. I need to be able to show the Cost of the asset in the Additions column of the Fixed Asset Summary Report, not the Beginning Balance. I use this report for my…

I often have new additions that have a in-service date from several months ago, but the cost was not recorded until the current period. I know that I can back-date the acquisition date and/or the in-service date and catch up depreciation will be calculated…

Hi I am using Sage version 2014.1. I am wondering if depreciation can be done by different groups. Meaning to say, I have a company in Sage, where all the assets listed have their own GL Expense Account. I would like to only depreciate a specific…

Hello all, We want to reclassify an asset from machinery to computer equipment. We originally had this asset set up with an estimated life of eight years, now we need it to be changed to five years. The asset has been depreciated for six months already…

Hello, Sage starts fine locally on App-V Sequencer machine. Running in Citrix with MS App-V program starts, but something is wrong, checking sage seats. Can someone help me which Files or Registry keys are missing ? What is the mechanism whenn starting…

The rate and useful economic life of the asset is in 3 yrs and should be 36 months,the systems is in month.Please, Can someone help where should i go and make such changes ? Please help me

Hi all, Is it possible to create a copy of database in SAGE fixed assets? I advised my client to possibly to create a new set of books by creating a copy of the existing databse, but she claims this is impossible task. She claims the only way to do this…

Hi all, This is the first year I have needed to use the Sage fixed asset reporting software. I am attempting to gather prior year accumulated depreciation for a client, but am having trouble with the depreciation summary report wanting to pull in current…

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…

I frequently have situations where I have a project that went into service in November 2018, and I did not find out about it until the current month in 2019. I setup the project in SAGE with a 2018 in-service date. When SAGE calculates depreciation in…

It will not allow me to change it back to 39/MF100 for this year. I am getting an error message that says the 39 year useful life is invalid when I try to change it back.

We are wanting to change the useful lives for a class of assets from 7 years to 15 years as of 1/1/2017, without changing any of the prior accumulated depreciation amounts up until that point. I’ve been playing around and doing some research, but everything…

I have an amortizable asset that is a 15 year estimated life asset, but the system is automatically making it a 5 year asset. I have a similar asset placed in service 1 month earlier that worked just fine. This was placed in service 12/17/2018.

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…

I inherited my Authority's current Sage Fixed Assets predicament and we have about 300 disposals we need to do for year end. We are stuck on version 2014. My question is in which version did the mass disposal option become available,? If it was prior…

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…

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…

Trying to reduce the value of a fully depreciated asset. When the change is saved, I get the notice "critical depreciation change" page with 4 options: 1) placed in service date, 2) beginning date, 3) period close date {this is grayed out}, 4) current…