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!

I am new to SAGE fixed asset software; can someone provide me with the correct process for purging disposed assets? Thank you

When we process our fixed asset disposals each month, we always have a number of assets that take pennies of depreciation in the month of disposal. Sometimes those pennies of depreciation are credits, which causes a problem for our Sage Posting Link journal…

We like to be able to track maintenance costs on specific assets. Is that possible? If so how?

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…

I am trying to dispose of a fixed asset and when I try posting this to my General Ledger to completely dispose of it, no dollar amount posts. Can someone help me to understand why? I disposed of it on 7/15/2024 and did the General Ledger period end, but…

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…

Our AP staff received an invoice for work done three years ago that would typically be depreciated as a Leasehold Improvement. Is there anything incorrect with adding it to our 2024 asset file and starting depreciation now when it was completed in 2021…

Hello I have a few assets that aren't lasting as long as we originally thought. I would like to shorten the estimated life and have it reflect the difference in the next month depreciation. How would I go about doing so? (Essentially make it play catch…

Hello - we capitalized construction on one of our locations in 2023 and have depreciated that property as of 12/31/2023. During 2024, we received a significant refund for the project from the landlord that we were not expecting. How can we adjust the…

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…

Hello, I am wanting to change the useful life of some assets from 40 to 35 years. Would it be as simple as changing the years to 35 and accepting the popup screen and running depreciation for that asset to get it current or what would those steps…

Good morning, Has anyone done a 1031 Exchange disposal in sage? Just want to confirm if I should select Taxable Exchange as the disposal method. Thanks,

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?

Can I depreciate my fixed assets before month-end? For example, can I run depreciation on 5/29/2024 or do I have to wait until 5/31/2024? My goal is to speed up my closing process. So rather than waiting until 5/31/2024, I assure all assets are inputted…

Hello- my company is considering changing depreciation methods based on a newly commissioned cost segregation analysis. Is there a way to create a test run to try and determine what the impact of that change would be if we went back to Jan 1st?

I have an interesting situation that came up from our most recent audit and I need help on how to handle next steps in Sage. Background: I am in the construction industry and we had two pieces of equipment on site that broke down much earlier than they…

After meeting with our accounting firm this morning, we have been asked to update the assets that we added to Sage for 2023 as 3 YR to a 5 YR term. Being we already ran Depreciation through December 2023, I wasn't sure the best way of going about this…

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.

I am trying to run depreciation through Global Task Manager as I usually run it every month. I've selected the same batch, updated the Select Events to the period I want to run depreciation. I've ran the batch, but it didn't depreciate. Then, I've deleted…

Our accounting firm has come back and would like us to opt out of the 168 for 2023 for our 3 year assets. What is the best way to make this update being we have already added all assets and run all depreciation for 2023.

Can anyone offer advice/ steps on how I can delete an import of assets? I am a new user of SAGE Fixed Assets and I accidentally imported to the incorrect company. I now know need to pay attention and select the correct company going forward. I need to…