Sage Fixed Assets

After meeting with our accounting firm this morning, we have been asked to update the assets that we added to Sage for 2023 as 3 YR to a 5 YR term. Being we already ran Depreciation through December 2023, I wasn't sure the best way of going about this…

I'm trying to reverse the posted depreciation, as we need to put some assets into service related to the prior month. Unfortunately when I tried to reverse the depreciation it has been stuck in this process for days now.

I am trying to run depreciation through Global Task Manager as I usually run it every month. I've selected the same batch, updated the Select Events to the period I want to run depreciation. I've ran the batch, but it didn't depreciate. Then, I've deleted…

Our accounting firm has come back and would like us to opt out of the 168 for 2023 for our 3 year assets. What is the best way to make this update being we have already added all assets and run all depreciation for 2023.

Can anyone offer advice/ steps on how I can delete an import of assets? I am a new user of SAGE Fixed Assets and I accidentally imported to the incorrect company. I now know need to pay attention and select the correct company going forward. I need to…

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…

Can we make a copy of a company FA say 2023 and begin disposal entries while keeping the 2024 original as is? How can we do this?

Hello, I changed the Acquired Value of a few of dozen fully depreciated assets due to additions to them but I mistakenly selected Placed-in-Service Date for the critical depreciation change to take effect instead of the Current Thru Date. When I ran…

I am adding 2 servers to my fixed assets. I want to do it as one line. The total cost of both servers is $25,000. Under quantity, I put 2. Do I need to split the acquisition value to $12,500 or can I leave it at $25,000. I don't want it to take the value…

Over the course of a few years, several individuals have worked on our Sage FAS system. Apparently, some of the accumulated depreciation has become skewed by a few cents here and there. Is there an easy way to adjust accumulated depreciation?

We did a bulk disposal with proceeds that allocated out to all the disposed assets, as of 2/1/2024. Most of the assets disposed correctly but a few are adding in $0.01 to "Depreciation this run" throwing off our expense account. I ran a 2024 monthly projection…

In 2023, 80% of asset purchases can have their depreciation booked immediately (so instead of spreading it over the useful life…the cost of the asset is booked to A/D immediately). How do we accomplish going back and taking the bonus depreciation in Sage…

I have seen some things online about 100% bonus coming back for the 2023 tax year? Do you know if this is true or not? I am assuming not since Sage has it set at 80% still.

I entered 19 assets in 2023, starting in March. I didn't realize the $$ threshold had increased from $2k to $5...sooo I need to remove 8 assets and the depreciation that we have taken throughout 2023 and rerun Decembers depreciation for year end? We do…

I completed the window and clicked on set period and the depreciation report appeared on screen (as instructed). I do not see the execute button. Please advise.

I recently setup a new company in FAS. We are a heavy equipment rental company, and depreciate the equipment. Starting in 2022, we transfer the equipment to our sales department, who then sells the used equipment. In the past we were disposing of the…

when I calculated the depreciation, the "prior through" are gone from reports, so beginning accumulated depreciation are not correct. I tried recalculating as of 12/31/22 then redid depreciation from 1/1/2023 - 12/31/2023, but nothing changes. how should…

I processed bulk disposals using a disposal template, however, incorrect cash proceed amounts were given and later on caught. In total, this was 114 different disposals, and I'm looking for the most efficient way of updating without having to go through…

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…

New to Sage - just in time for year end - have an asset that was entered incorrectly in June by predecessor. It was actually supposed to be two separate assets that were combined. In Sept I entered one of the assets with the correct value and dat. How…

Hi, I just reran depreciation for Nov-23 and the grand total for Depreciation This Run is $14M, which is like 95% of total Accumulated Depreciation, which is $15M. I expect the depreciation for Nov-23 to be around 200k, give or take. I then proceed…

I have a lease in Fixed Assets that has been renewed. I need to change the acquisition dollar amount and the estimated life but keep the depreciation that has already accumulated. What is the best way to do this?

Why is bonus not showing in current YTD for some of my assets that were placed in service for 2023? has anyone see this?

I thought the cap for luxury autos changed from $18,200 to $20,200 in 2023 but I have some autos still showing 18,200. I did confirm PIS dates, so I am not understanding why so of my autos are not showing the max bonus amount.

Hi, We replaced an AC condensing unit for one of our warehouses. What is the internal book estimated life on a lease that is month to month? Or do we expense it?