Change in asset value, estimated life, and in service date change for internal book only

SUGGESTED

Our company was recently acquired, so our fixed asset values,estimated life,and in service date changed for internal book reporting. However, our tax books won't change. I have a listing of the new internal value for each asset by system number (over 15k of them). What's the best way to update our internal book? Do we export each of the books, update internal, and then import each book into a new company? Or is there a way to clear a custom book that we no longer use, import the new values and then use that as our "new internal?" This my first experience with an acquisition and I've really only used Premier Sage Fixed Asset software for simple depreciation. Any suggestions or advice you have will be appreciated. Thanks!

  • 0
    SUGGESTED

    Hello JEND,

    There is not a supported process to update the Service date or Value information globally. The usual answer for a revaluation as you described is going into each asset making the changes in the Internal book, answering Yes-Placed-in-Service date to the questions. See How do I change critical depreciation fields for more information.

    Alternatively, we do have Sage Professional Services, who can make mass changes to the book information for you for a fee. Call Sage at 1-800-368-2405 Speak to any representative and ask to be put in touch with your account manager.  If you have your Sage Customer number, that will help.  (It's a 10 digit number beginning with 400) If not, I am sure they can figure it out.

    ~Delray