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  • Video: How to back up your data and switch to 100% bonus depreciation

    We recently posted an update to the Sage Fixed Assets Announcements forum here on the Community Hub to keep you informed on the proposed tax law impacts for 2023-2025 depreciation . As we mentioned in that article, we'll be providing an update (release…
  • Fixed Asset Register Module on Sage

    Please kindly assist with this technical query. Attached herewith, is a screenshot of SAGE FAR @31/03/2023 and a screenshot of Excel FAR @ 31 March 2023. The Excel FAR balances to the Sage General Ledger @ 31/03/2023. How do I make SAGE FAR @ 31/03/2023…
  • Sage Fixed Assets Release 2024.1 is now available!

    We’ve got exciting news—Sage Fixed Assets 2024.1 has arrived! It’s packed with essential U.S. tax updates and smart new features to elevate your asset management game. Stay compliant effortlessly and embrace the ease and efficiency of our latest enhancements…
  • Keeping you informed: Proposed 2024 tax law changes

    This important update is also posted in the Sage Fixed Assets Announcements forum . Are Tax Law Changes Coming? This is the busiest time of year for you. Closing out financials. Getting ready to file tax returns. Then, BOOM! You hear on the news that…
  • Keeping you informed: Proposed tax law impacts 2023 - 2025 depreciation (updated Feb 2024)

    Are Tax Law Changes Coming? This is the busiest time of year for you. Closing out financials. Getting ready to file tax returns. Then, BOOM! You hear on the news that Congress is proposing a tax law change retroactive to 2023. What? Hundreds of questions…
  • Fixed Asset Group Transfers skips some assets due to dates not withing range

    Am trying to make assets group transfer but it keep skips some assets with a message " Transferred 0 Assets and skipped 459 Assets due to dates not withing range " What does this date imply? Am trying to make transfer as at 1/1/2023
  • Fixed asset value change in Free 1 depreciation plan with value defined as "To be entered" in the context

    Hi, A customer manages 3 plans in their depreciation context, one of them is Free 1 with the value of the asset entered manually: They have the FA which is still in progress (SA method) and they capitalize expenses. When capitalizing the expense…
  • integrating fully depreciated 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?
  • Depreciate unpaid asset

    Asset was received, but we have not received an invoice. can an asset be depreciated before it is paid for?
  • NBV FOR A PRIOR PERIOD

    Does Sage FA allow for the calculation of NBV for a prior period (Month)?
  • Cannot open the FAS program

    Dear Friends at SAGE CITY, When I try to open my Sage 50 Asset Accounting Program I get the message..."Main Application Executable has stopped working". Has anyone encountered this problem? I would be grateful for any help in solving this. Many…
  • Smartlist Changes with Reportin

    I inherited a messy set of fixed asset records and am looking to clean it up a bit. If I change the names of smartlist items, will I need to rebuild any reports that reference the old names or will Sage know to update the reporting criteria with the new…
  • Monthly Depreciation

    My predicessor said that we don't have to manually do anything for the depreciation to run each month. Is that correct?
  • Create New Development SQL Database

    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…
  • Install Fixed Assets, but not from the server

    Hi all, Has anyone had issues installing the client from a location other than the server? I'm hoping to package the install and install it to a VDI. thanks, Rob
  • November Current Depreciation is too high

    FormerMember
    FormerMember
    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…
  • Best practice for handling an asset that should not have been capitalized

    In 2014 there were two software subscriptions that were capitalized that should not have been. This was discovered in January 2015. What is the best practice for handling an asset that was capitalized in a prior period, but should not have been? I don…
  • What are the best practices for request of prior year reports by auditors?

    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…
  • Beginning Balance vs. Acquisitions on FA Summary

    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…
  • Record catch up depreciation in current period, and show that catch up in the current period, not prior period

    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…
  • Changing Salvage Value to Zero

    I recently took over the Fixed Assets at our company. I notice that some assets were put in the Fixed Asset program with a Salvage Value for the Internal book. Some of the assets are still being depreciating and some of them reached the end of their Estimated…
  • 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.
  • Where I can find previous versions of the FAS updates?

    Would anyone have information on where I can find previous versions of versions of the FAS updates? I'm specifically looking for 2012 and 2013 updates. We need to become current on our software and a couple of updates are missing.
  • Sage Fixed Assets compatibility with Sage 300 ERP

    Anyone running Sage Fixed Assets and Sage 300 ERP on the same server? Are there any compatibility issues? Does Sage has a formal document/white paper in this regard? Basically trying to find best practises
  • Update

    FormerMember
    FormerMember
    We are new to Fixed Assets. We just got the new version last month. Our first Advisor Update appeared. When we download and attempt to run the patch we receive a pop-up, a prior version has been detected and will be removed. We only have the original…