• 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 don…

  • 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 to Unbundle a Group of Fixed Assets

    I am currently conducting a physical Assets verification and tracing the assets to the Fixed Assets Register. I have just discovered that 100 Chairs were bought and the Accountant then assigned one asset number to all the 100 chairs. The question I have…

  • Question Regarding Mask Field Output

    Hello,

    I have a question regarding the Mask Field output. I understand that for custom fields the character limit is 25. Prior to the 2021 update, when I would upload data to a custom field that was greater than 25 characters, it would truncate the custom…

  • 5 Reasons to Download the Latest Version of Sage Fixed Assets

    The Sage Fixed Assets team has been busy adding features, improving performance, and updating tax laws to Sage Fixed Assets Depreciation as well as Planning, Tracking, and Reporting. When is the last time you updated your Sage Fixed Assets software? If…

  • depreciation methods

    What depreciation method in  FAS is the same as Straight-Line Ori Mid-Month (15)   Converting assets from Great Plains software into FAS from a new acquired company.

  • V. 2014 Sage Fixed Assets Question - Mass Disposal Inquiry

    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…

  • Global Task Manager

    Running depreciation reports and error comes back saying - Unable to run Depreciate -- Object reference not set to an instance of an object

  • How to copy report with formatting to another company

    Hi

    I've written some custom reports for my users.  I set one up with formatting (groupings/subtotals) and proceeded to then copy it to the other companies.  I notice that when I open the report in another company, the formatting (grouping/subtotals…

  • 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…

  • Free Webinar Scheduled -- "What's New in the SFA-Depreciation, Ver 2021.0?"

    Hosted by the team of Sage U certified trainers for Sage Fixed Assets, a free one-hour webinar entitled "What’s New in SFA 2021.0?” is scheduled to be presented on Thursday, October 29, 2020 at 2:00 pm EDT, and again the following week…

  • Unable to connect to database on a Windows 10 2004 fresh client

    Edit FIXED - see edit below

    OK, so FAS 2020.1 Network Depreciation - User's current workstation works fine (she is currently on 1903), as do two others (also on 1903) - so I know that permissions are set correctly on server for the user in question.…

  • Images in the physical scanning of inventory

    When are we going to be able to see images on our androids while doing an inventory as in the picture shows?While watching a webinar.. Sage Fixed ASsets Overview: Planning, Tracking, and Depreciation I noticed this picture.  When will this be available? It sure would be a nice function to have when doing inventory for items we aren't sure what we looking for…

  • KB documentation

    How do I find KB ID 49911

  • Asset Listing - Salvage Value

    Is it possible to add Salvage Value to the Asset list grid as a column? Most other fields area already available. This would be very useful to be exported.

  • Sage 100 and Sage Fixed Assets working together - free webinar September 9

    Are you properly managing the lifecycle of your fixed assets while staying compliant with IRS depreciation regulations and maximizing recent legislative benefits for your company? Sage 100 provides tight integration with Sage Fixed Assets.

    Join us for…

  • Fixed Assets Units of Usage

    Is there a detailed document on how the Units of Usage Depreciation works available?

    An incorrect number of units was entered for a particular month and needs to be corrected.  It accepts a negative number but doesn't change the Total Units Used Balance…

  • Amortizable asset auto populating 5 year SF, but I need it at 15 year estimated life.

    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.

  • Locked out of Lite Depreciation

    My computer locked up while I was in Lite Depreciation. Now when I try to open the software it says I am currently logged in.  We only have a one user license so I can not open the software. Dose anyone know how I fix this?

  • Tax Extenders in 2020

    By Bob McElroy, Certified Trainer, Sage University

    The textbook that we use to teach Principles of Fixed Assets Accounting, one of the classes offered through Sage U, is currently being revised.  This new textbook revision will include the new tax extenders…

  • Leasehold Improvement useful life and depreciation method changed from last year (39 years/MF100) to this year (15 years/MA150) by itself

    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.

  • Group annual projections

    We have about 60 individual companies I need to run annual projections for; is there any way to run as a group report rather than one by one? I'm using version 2019.1.

  • Exporting a list of active assets for a specific tax book with acquisition date, acquisition value, and estimated life into excel

    I'm trying to export this information along with some of the general asset list information into excel, and I cannot see a way to easily export this information.  I'm hoping its just something I'm missing seeing where the report or option is to do…

  • IRS Finalizes Rental Real Estate QBI Safe Harbor Rules

    Finally, the IRS has introduced rules related to the Qualified Business Income (QBI) deduction under IRC Section 199A for taxpayers with rental real estate. Section 199A was introduced as part of the Tax Cut and Jobs Act (TCJA) in 2017.

     

    Finalized Ru…

  • Transferring Assets from One Asset Category to Another

    I want to do a transfer between two categories I have in Sage Fixed Assets.

    Those categories are Gas Plant and Support Equipment.

    I want to transfer an asset from Support Equipment to Gas Plants.  The useful life will be the same.

    How do I do this in Sage…