Sage Fixed Assets

When I pull an asset listing for assets acquired during the period it does not agree to when I pull an acquisition report on the A/M Asset History Report, the two do not agree e.g. 45 assets were acquired per the asset listing whereas 60 we acquired…

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…

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…

Is there a training session or demo on how to connect Sage 100 with Sage Fixed Assets. The previous person was very manual, and AP person enters the invoice in Sage 100, but it is not connected to Sage Fixed Assets, then she would add to the Fixed Assets…

Hello, Our FAS account was recently updated, and my book options are no longer showing when I attempt to upload asset additions. I have screenshots for reference - what can be done to get my books to show again? I've checked previous versions, and…

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, How is everyone identifying exempt properties (in Sage) for exclusion from county personal property tax filings? Kind regards, Debbie Misrack Finance/Accounting Consultant

Good morning, I am attempting to sign up for a portal account so that I can update my Sage FA to the newest version; however, I continously get this error message: I have tried multiple addresses, but still get the same message. Has anyone else…

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…

Is there an end of support schedule for Sage Fixed Assets? or a general rule?

I have a user that she said she had a link on her old desktop on her previous laptop. she says it was something that she had downloaded and installed; they then created a link on her desktop she would use. She calls it a "Sage Bancline Posting Link" does…

Hi, I am upgrading my Sage Fixed Assets Premier client this weekend from version 2022.1 to 2023.1 then 2024.1. The system requirements for version 2024.1 state MS-SQL server must be at SP3 but the client is only on SQL version 2016 SP2 will 2024.1 work…

What is best practice when it comes to where to install Sage Fixed Asset Network 2024? I have someone asking me if it should be on a separate server than Sage 100. They do want to integrate with Sage 100.

I have a user running the fixed assest software. He is experiencing a random display issue. I verified display settings and everything looks fine. You can see in the image, it's overlapping characters/lines. Has anyone seen this issue before?

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…

I am adding 2 servers to my fixed assets. I want to do it as one line. The total cost of both servers is $25,000. Under quantity, I put 2. Do I need to split the acquisition value to $12,500 or can I leave it at $25,000. I don't want it to take the value…

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 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…

Hello, I know there are instructions on the Sage website for updating Sage premier fixed assets from Version 2022.1 to 2023.1. I was wondering if anyone had instructions for this update if you’re not going through the Sage advisor, and are just updating…

New to Sage - just in time for year end - have an asset that was entered incorrectly in June by predecessor. It was actually supposed to be two separate assets that were combined. In Sept I entered one of the assets with the correct value and dat. How…

I've just started supporting a Sage FAS Network install, and am working out how to make cold backups. When I go to the backup utility, I find that we have 20-ish databases, each with only one company. Did my predecessor set things up weird, or is there…

Hi, Why is the Acquired Value field on the main asset page shows zeros, but the rest of the other field shows info? After capitalizing an asset in the Asset Detail page by keying in the fields such as description, location, account numbers, acquisition…

New to SAGE FAS but very familar with SAP and Oracle. I would like to create an export file (excel or XML) that contains the list of our assets with their future period depreciation projections by each individual asset. The standard report only shows…