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randy.lee

Sage Tax report issue

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Hi All,

I am facing the problem in Sage Tax & State book.

We are currently revalued all the Fixed Asset cost for internal book and we maintain the asset original cost for Tax & State book.

Since we have run the depreciation for Tax Book & State book as at 12/31/2019, so when i upload the data into Sage with beginning date 12/31/2019 and Beginning accum (Total Accumulated depreciation as at 12/31/2019)

When i compare the new tax report with the existing tax report, the depreciation amount is different.Please refer example below:-

Existing report                                                                             New Report

Can someone assist in this, how can adjust the depreciation amount same with previous reports? 

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    Hello Randy,

    For troubleshooting reports - given different non-matching reports, I can only guess as to what is happening. To really answer any type of calculation question the book details of the Asset in question is required. In this case, details from the Tax book both the old and new asset.

    Since the YTD amount must different and the difference is not all that big but it bigger than rounding, with the DTR for May the same on both reports (I am assuming this is a May run since the Prior through is April) which would mean there must be something in the Edit Company in the new company which is different from the old.

    My guess would be the Adjustments on the Book Override tab are different between the Companies.

    ~Delray

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