• Starting depreciation of an asset three years after receipt

    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…
  • Personal Property Tax Filings - Exempt Property

    Hello, How is everyone identifying exempt properties (in Sage) for exclusion from county personal property tax filings? Kind regards, Debbie Misrack Finance/Accounting Consultant
  • Changing the Estimated Life of a Fixed Asset

    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…
  • Depreciation of Fixed Assets

    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…
  • v2024.1 Cannot Print/Preview

    Have a customer that has Sage 100, Sage HRMS and Sage Fixed Assets v2024.1 all on same workstation. Every tme HRMS has an update, user cannot print/preview from SFA. I've tried repairing several times, and reinstalling SFA and usually after many attempts…
  • Fixed assets reversal process stuck

    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.
  • Inactivate asset.

    I entered an asset and the site opening was postponed so the asset should not be depreciating until the site goes live. I changed the Placed in Service Date to a future date, but it still shows as Active. How so I make an asset move from Active to Inactive…
  • MACRS Convention Switch - how long can it take?

    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…
  • Bonus Depreciation

    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…
  • My depreciation are not calculating correctly

    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…
  • Change in acquired value after depreciation has begun

    I have an asset that we want to add additional installation costs to the overall acquired value in Sage therefore it would increase the overall value of the asset. The only problem is my predecessor already set the asset in service a couple of months…
  • How do I know if I have a subscription

    How do I know if I have a subscription? I would like to do a disposal upload. If I don't have a subscription, how much does it cost? Thank you
  • Fixed Asset Depreciation

    I need to take an extra month of depreciation for 1 particular asset. Is there a way to take 2 months of depreciation the next time I run depreciation for all assets?
  • adding old assets to SAGE

    Hello, I added many old assets to SAGE but I'm still struggling with the older assets that are on their second half of life . For example, my building that was put into service in in 1991 is only 32 years through its 50 years but when I put in 18 years…
  • Assets having 0 depreciation in projections

    Hello, I recently added 178 lines to a new company in SAGE. These assets had 3 different class codes and were all depreciation method RV. For some reason when I run the depreciation projection, 41 of them are showing as 0 and I can't figure out why…
  • integrating fully depreciated assets

    We acquired a company where all the assets were fully depreciated. I am trying to add the fully depreciated assets to our Sage Fixed Assets program. How do I add an asset with value that is already fully depreciated?
  • Unable to resolve name resolver

    What does this error mean? Thanks
  • 2023 Bonus Depreciation

    According to the tax regulation, bonus depreciation now ramps down to 80%, starting in 2023. However, in the software, the input dropdown option is either 50%, or 100%. How to make the software calculate an 80% bonus depreciation on the fixed assets?…
  • Some assets with a NBV don't calculate depreciation

    I have some assets that aren't yet fully depreciated yet they don't calculate depreciation when I run the monthly depreciation process. Is there a setting that I've missed? Some of the these are very old and some not that old it seems kind of random but…
  • Tracking Monthly Depreciation

    Does Sage have a file where it stores the depreciation of an item for each month???? I'm trying to pull data from Sage and using it in a business intelligence dashboard.
  • Budgetary Projections

    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…
  • Create New Development SQL Database

    Hi, my company is using FAS Premier Depreciation and Tracking software. We have an Application server with FAS installed and then we have a SQL server instance with the production DB on it. We are in need of creating a 2nd SQL DB but on a differnet SQL…
  • November Current Depreciation is too high

    FormerMember
    FormerMember
    When I ran depreciation for November month end, it appears that the current depreciation is multiplied by seven on all reports. Acquired Value and Current Accum Depreciation are correct. Re-running it has made no difference, even when selecting "Force…
  • Disposals

    Hello, When we process disposals between periods, the Internal depreciation calculation will not calculate for the disposed assets. The depreciation is calculated for Tax. Has anybody experienced this before? Thank you,
  • Depreciation Link - Universal or Microsoft SL

    We use Microsoft Dynamics SL as our accounting software and were looking at purchasing the GL Link, but I see there are a couple of options. Is one better than the other? Deciding between the Universal Link and Microsoft SL specifically. I was told…