Sage Fixed Assets

I see many writes ups explaining how to handle an under depreciated asset but how do you handle an over-depreciated asset?. So say an asset initially is set (incorrectly) to a life of 1 year, and depreciation is run for the first 6 months. Then the life…

Hello, We found an asset that was under depreciated. The depreciation method is set for SL and the estimated life was set at 1 year and 6 months. Why would this not be fully depreciated? It is an active asset. Thank you!

Our company is setup for a 4-4-5 calendar and calculation in Sage Fixed Assets. We are in the process of being acquired. I have done research on the site and community and want to confirm my interpretation is correct for the following. 1. I can run…

After you calculate Midquarter for the year is it best practice to change the book override for the company back to Half Year or do you leave it at MidQuarter?

Have some questions on disposals. From what I'm reading it sounds like when you do a disposal the application calculates depreciation through the disposal date so it is not included the next time you run depreciation and this amount is not reflected in…

Hello, I have an asset for 73,000 with a total accumulated depreciation of 70,000. We had to write an impairment loss for 3,000 and no further depreciation will be posted. Everything that has happened on the asset was posted manually to the gl but…

Hello - I am trying to find a way to enter a custom estimated life that is not a standard option. I have a fixed asset with a 7 year MACRS life that a client let me know that they purchased in December of last year. We are able to depreciate it beginning…

I'm not sure if SAGE has a function to project the next five years of depreciation at the asset level.With our current edition of FAS, we can run the annual projection report, but it only shows the total amount for each year, not the details for each…

Bonus depreciation for property A is picking wrong for a 2023 PIS asset. Please see below for details, Cost - 43,080 PIS - 08/31/2023 Property Type - A (Automobile) Method - MA 200 Life - 5 years As per P-946, the max limit for bonus should be 20,200…

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?

I'm trying to reverse the posted depreciation, as we need to put some assets into service related to the prior month. Unfortunately when I tried to reverse the depreciation it has been stuck in this process for days now.

We have an almost-last-minute switch to midquarter for MACRS. There are about 8,000 asset additions and I have completed about 250 transfers and 800 disposals (with more to go). I started the switch to midquarter yesterday, so it has been running for…

We did a bulk disposal with proceeds that allocated out to all the disposed assets, as of 2/1/2024. Most of the assets disposed correctly but a few are adding in $0.01 to "Depreciation this run" throwing off our expense account. I ran a 2024 monthly projection…

In 2023, 80% of asset purchases can have their depreciation booked immediately (so instead of spreading it over the useful life…the cost of the asset is booked to A/D immediately). How do we accomplish going back and taking the bonus depreciation in Sage…

I have seen some things online about 100% bonus coming back for the 2023 tax year? Do you know if this is true or not? I am assuming not since Sage has it set at 80% still.

I entered 19 assets in 2023, starting in March. I didn't realize the $$ threshold had increased from $2k to $5...sooo I need to remove 8 assets and the depreciation that we have taken throughout 2023 and rerun Decembers depreciation for year end? We do…

I recently setup a new company in FAS. We are a heavy equipment rental company, and depreciate the equipment. Starting in 2022, we transfer the equipment to our sales department, who then sells the used equipment. In the past we were disposing of the…

when I calculated the depreciation, the "prior through" are gone from reports, so beginning accumulated depreciation are not correct. I tried recalculating as of 12/31/22 then redid depreciation from 1/1/2023 - 12/31/2023, but nothing changes. how should…

Hi, I just reran depreciation for Nov-23 and the grand total for Depreciation This Run is $14M, which is like 95% of total Accumulated Depreciation, which is $15M. I expect the depreciation for Nov-23 to be around 200k, give or take. I then proceed…

I have a lease in Fixed Assets that has been renewed. I need to change the acquisition dollar amount and the estimated life but keep the depreciation that has already accumulated. What is the best way to do this?

Why is bonus not showing in current YTD for some of my assets that were placed in service for 2023? has anyone see this?

I thought the cap for luxury autos changed from $18,200 to $20,200 in 2023 but I have some autos still showing 18,200. I did confirm PIS dates, so I am not understanding why so of my autos are not showing the max bonus amount.

Hi, We replaced an AC condensing unit for one of our warehouses. What is the internal book estimated life on a lease that is month to month? Or do we expense it?

Weather the SLMM method calculates the depreciation for 10 days. If not can i get the reason that why its not getting calculated.

I have added new equipment via import...changed my group to reflect change and it still pulls blank file. Tried to depreciate and it still wont show new under additions.