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Anne King

Beginning Balance vs. Acquisitions on FA Summary

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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 YTD Rollforward, and if the balance populates as a Beginning Balance, the rollforward doesn't tie to the GL.

An invoice from Dec 2014 was received and posted in Feb 2015. 

I have tried changing the Acquisition Date and the Beginning Date to 2/28/15, but it still shows up in Beginning Balance.

If I change DPIS, I don't get the 2 months of catch up depreciation that was also booked in Feb.

Any suggestions?

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    Hello Anne,

    For the Fixed Asset Summary report, it is the Acquisition Date which controls where an asset appears. If the Company has been in the Sage Fixed Assets program since prior to the 2011.1 product version, there will be an Acquisition Date in the General Information fields which is no longer used.

     

    The Acquisition Date value in the Book Information section, but not under a specific book, is what is used for the Fixed Assets Summary report in the 2012 or higher product versions.

    To get a "catch-up" depreciation - You will want to Reset Depreciation (While in the assets Detail View, go to Depreciation, Reset Depreciation) to the PIS date to clear the Beginning date information which is preventing the program from calculating a new amount for that asset.

    ~Delray

*Community Hub is the new name for Sage City