Sage Fixed Assets Review

Sage Fixed Assets—Planning allows management of multiple projects of different types and sizes to help users account for everything in an organization. Assets that are ready to use can be easily created in Sage Fixed Assets – Depreciation. Users can easily manage and report on construction in progress projects, as Sage Fixed Assets—Planning has multiple levels of detail tracking. These include more than 45 user-defined fields, as well as numerous built-in reports such as project status and actual vs. budget variance. A Project Snapshot also provides key information at a glance for effective management of both capitalized and expensed assets.

With the help of an intuitive user interface, Sage Fixed Assets—Depreciation provides users with the  flexibility to manage the entire fixed-asset lifecycle. This can be from acquisition to transfers and disposals, for both public and private organizations. With advanced fixed-asset accounting and reporting features, Sage Fixed Assets—Depreciation can help users prepare their year-end financials, allocate costs, calculate depreciation, eliminate redundant data entry, and store digital images of key asset records such as purchase orders, warranty information, and insurance records.

Sage Fixed Assets—Depreciation also offers more than 50 depreciation methods, including MACRS 150 percent and 200 percent (formulas and tables), ACRS, Straight-Line, Modified Straight-Line (formulas and tables), Declining Balance, Sum-of-the-Years-Digits, as well as user-defined. All help ensure compliance with government regulations and allows seamless integration with top general ledger systems.

Over 30 ready-to-use reports are included in Sage Fixed Assets – Depreciation. These include year-end financial statements, fileable U.S. IRS tax forms and worksheets, Schedule 8 Capital Cost Allowances for Canadian T2 Corporation Income Tax Returns, and more. The module can also allocate cost and depreciation for an individual asset or groups of assets to more than one funding source. These thorough decision-making tools virtually guarantee GASB 34/35 compliance, with the ability to create budgetary books for asset budgeting projections.

Sage Fixed Assets – Tracking has user-friendly “wizards” to guide users through every step of their inventory tracking process. These help avoid lost or stolen assets and cuts down on insurance and tax overpayments. The module also comes with over 40 fully customizable fields, where data entry with notes and images clearly describe each asset record. The Tracking solutoin also integrates seamlessly with Sage Fixed Assets—Depreciation in order to keep everything in a  single database.