Bonus Calculation in SAGE Fixed Asset

SUGGESTED

We have a few assets that are not capturing bonus in the Sec 168 Expense Column but are unsure why. We have tried the force recalculation and that did not work. Has anyone else had this happen?

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  • 0
    SUGGESTED

    Hello Lauren,

    The very first thing which leaps to mind is that there is a short year in 2024 after that asset was Placed into server on 1/1/2024. The 168 Expense column is for 168 taken in the current fiscal period, which would mean any short year in 2024 would prevent this asset from appearing there as of 12/2024.

    If I am doing the math correctly, if you go to File, Edit Company, and the Short Years tab, I believe you will find an 8/2024 and a 12/2024 short years there. To get this asset to appear in the 168 Expense column, you would need to run Depreciation back to the 8/2024 year-end and then run the report.

    ~Delray

  • 0 in reply to Delray

    thanks! I did check there in hopes that something got "stuck" but as I suspected nothing there as we are not on short year. We just run depreciation monthly. 

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