Sage Fixed Assets

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…

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, 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…

I am trying to dectivate a seat on sage fixed assets. It says I need to get a deactivation code.

I have an asset on the Net Book Value report, yet when I try to dispose of that asset, it says asset not found.

It was brought to my attention that some of the fixed assets that were added to FAS had the wrong tax rate applied to them. I need to reduce the value in FAS as well as the GL for the difference. what would the best way to accomplish this.

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…

Looking to see what the options are for moving from Sage Fixed Assets 2016.1 Network to a single user installed on a single workstation of 2024. Just started working with a client and discovered they are running this version and its running on a Windows…

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?

Asset was received, but we have not received an invoice. can an asset be depreciated before it is paid for?

Does Sage FA allow for the calculation of NBV for a prior period (Month)?

Dear Friends at SAGE CITY, When I try to open my Sage 50 Asset Accounting Program I get the message..."Main Application Executable has stopped working". Has anyone encountered this problem? I would be grateful for any help in solving this. Many…

I inherited a messy set of fixed asset records and am looking to clean it up a bit. If I change the names of smartlist items, will I need to rebuild any reports that reference the old names or will Sage know to update the reporting criteria with the new…

My predicessor said that we don't have to manually do anything for the depreciation to run each month. Is that correct?

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…

Hi all, Has anyone had issues installing the client from a location other than the server? I'm hoping to package the install and install it to a VDI. thanks, Rob

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…

In 2014 there were two software subscriptions that were capitalized that should not have been. This was discovered in January 2015. What is the best practice for handling an asset that was capitalized in a prior period, but should not have been? I don…

Hello, I have our live FAS listing in the current year (2015), and run monthly depreciation. When I am asked by auditors for FAS listing of prior years, (for example: 2011), I open a save copy of the 2011 company, create a report and send it over. However…

I have assets that were added into Sage Fixed Assets in 2015, but the actual DPIS is in 2014. I need to be able to show the Cost of the asset in the Additions column of the Fixed Asset Summary Report, not the Beginning Balance. I use this report for my…

I often have new additions that have a in-service date from several months ago, but the cost was not recorded until the current period. I know that I can back-date the acquisition date and/or the in-service date and catch up depreciation will be calculated…

I recently took over the Fixed Assets at our company. I notice that some assets were put in the Fixed Asset program with a Salvage Value for the Internal book. Some of the assets are still being depreciating and some of them reached the end of their Estimated…

In setting up a new asset, I always choose Straight Line method but I always get a message saying this method is Outdated. Which method should I be choosing instead? MF200 (MACRS formula) is the method that seems to be the default.

Would anyone have information on where I can find previous versions of versions of the FAS updates? I'm specifically looking for 2012 and 2013 updates. We need to become current on our software and a couple of updates are missing.