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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…

I HAVE A CLIENT MIGRATING FROM ANOTHER SOFTWARE INTO SAGEX3, HOW CAN THE BALANCES BE BRINGING INTO THE X3

Depreciation can be as simple as posting a journal at year end. However, if you're using Sage 50 Accounts Professional you can set up records and post depreciation as part of the month end process. This session has taken place, but you can catch up…

Hi all, An asset was wrongfully created with 'Template' as holding type and the status of context is showing the calculation red because of it. Changing the accounting posting does not work because of the holding type chosen originally - it gives…

We recently posted an update to the Sage Fixed Assets Announcements forum here on the Community Hub to keep you informed on the proposed tax law impacts for 2023-2025 depreciation . As we mentioned in that article, we'll be providing an update (release…

Please kindly assist with this technical query. Attached herewith, is a screenshot of SAGE FAR @31/03/2023 and a screenshot of Excel FAR @ 31 March 2023. The Excel FAR balances to the Sage General Ledger @ 31/03/2023. How do I make SAGE FAR @ 31/03/2023…

We’ve got exciting news—Sage Fixed Assets 2024.1 has arrived! It’s packed with essential U.S. tax updates and smart new features to elevate your asset management game. Stay compliant effortlessly and embrace the ease and efficiency of our latest enhancements…

Are Tax Law Changes Coming? This is the busiest time of year for you. Closing out financials. Getting ready to file tax returns. Then, BOOM! You hear on the news that Congress is proposing a tax law change retroactive to 2023. What? Hundreds of questions…

Am trying to make assets group transfer but it keep skips some assets with a message " Transferred 0 Assets and skipped 459 Assets due to dates not withing range " What does this date imply? Am trying to make transfer as at 1/1/2023

Hi, A customer manages 3 plans in their depreciation context, one of them is Free 1 with the value of the asset entered manually: They have the FA which is still in progress (SA method) and they capitalize expenses. When capitalizing the expense…

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…