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For many companies, fixed assets like property, machinery, and equipment represent their largest capital investment. But when you consider equipment that moves around, assets that constantly come in and out of service, and depreciation rules that are continuously changing, tracking fixed assets quickly becomes a moving target.
That’s why you should take a closer look at Sage Fixed Assets software.
For companies tracking fixed assets manually or in spreadsheets, the entire process stands out as an area of administrative burden and glaring inefficiency.
But with Sage Fixed Assets software, you can easily track and manage every step of the fixed asset lifecycle - from acquisition to disposal.
Depreciation Management – Built-in formulas for over 50 depreciation methods automate the calculation of accurate depreciation entries without having to track or memorize complex tax rules.
Asset Reporting – A variety of ready-to-use reports and tax forms help to ensure total tax compliance. And with so many options to customize the format, appearance, and context of your reports, you’ll know your assets inside and out.
Asset Inventory and Tracking – Using state-of-the-art bar code labels and readers, you can track all assets from acquisition to disposal which can eliminate lost equipment and reduce insurance and tax overpayments.
Project Planning – Construction in-progress (CIP) features help you track fixed assets from start to finish and easily monitor all project details.
Whether you do business in the U.S. or Canada or you’re running a for-profit, nonprofit, or government agency, Sage Fixed Assets will streamline depreciation, tracking, and reporting.
Here’s a snapshot:
Some of the primary benefits of ditching the spreadsheets and automating with Sage Fixed Assets include:
If you’re currently using Sage 300 for accounting, you’ll be happy to know that Sage Fixed Assets integrates seamlessly with your general ledger, accounts payable, and purchasing modules.
That means when you purchase a new asset in Sage 300, it’s automatically added and tracked in Sage Fixed Assets. Plus, depreciation calculations from Sage Fixed Assets will automatically create the appropriate journal entries in your Sage 300 general ledger.
When all of your asset data is synchronized with transactions in Sage 300, you improve accuracy and eliminate duplicate data entry.
Integrated or Standalone - The Choice is Yours
If you aren’t using Sage 300, you can still run Sage Fixed Assets as a standalone application and leverage all the same features and power of automated fixed asset management.
Consider adding Sage Fixed Assets–Reporting to your depreciation solution to see your business in an entirely new way
Depreciation Expense
Depreciation Summary
Depreciation Adjustment
Period Close Summary
Disposal
Partial Disposal
Disposal Worksheet
Transfer/Partial Transfer
Annual Activity
Asset Basis
Fixed Asset Summary
General Ledger Posting
Net Book Value
Quarterly Acquisition
Replacement Value
Interest on Replacement Value
Annual Projection
Monthly Projection
866.436.3530
info@equationtech.us
Fixed Asset Management: eBook
Depreciation Management:Tracking, planning, and reporting
System Requirements
Carla Troupe,