FormerMember

Combining Fixed Asset Databases

Posted By FormerMember

I am trying to combine two fixed asset databases in the Sage fixed asset system.  Currently, we have two databases, one of which contains a total of close to 18,000 fixed assets, and the second one contains a subset of around 7,000 of the fixed assets from the first one.  This subset represents assets that were revalued in the acquisition of our company by another company. 

My thought process to complete this was as follows:

1. Copy all of the assets from our historical database to a new database.

2. Create a group in the new database for the assets that were revalued. 

3. Copy the data from the internal book of the revalued assets to the Custom 2 book.

3. Update the internal book of the revalued assets with the stepped-up values.

As I was trying to execute this plan, I ran into a couple of issues that I need help in overcoming:

1.  I do not see an easy way to set up groups of random systems numbers through an excel upload, and keying all these system numbers would take forever.

2.  I found out that updating assets in the Sage fixed asset system only allows for updated information in the general information fields, and not in any of the books.

Is there any way to get around these issues so that I can combine the two databases and retain all of the asset history?

Thanks,

Angie P.

  • 0

    Angie:


    Combining the selected assets of both companies into a single company is not difficult.  That can be done by creating a group of assets in each company and extracting them to individual companies and then merging the two individual companies together.  The revalued assets would then be included in the new company.  The only problem is that if only the internal book was revalued on those assets and the remaining books have not been updated for those assets, you will not have correct tax data in those books.


    Sage Professional Services can make these changes for you if you want.  We can take the existing company with 18,000 assets and overwrite specific books with the data from the revalued assets.


    Please contact your Sage Account Manager (1-800-368-2405) and let them know you would like the assistance of Professional Services to make mass changes to your database.  Your account manager will put in the professional services request for you.  You will receive a phone call to go over he exact nature of the changes.  Based on the information you have provided in your post, we could have all the changes completed in one business day.

  • 0

    Angie, I'm in the same situation. What did you end up doing? Were you able to update the assets on your own or did you need to have Sage Services help you?