Sage Fixed Assets: Announcing the Release of 2018.0

Sage Fixed Assets basically indicates towards a capital amount stored against an asset which is why businesses generally pay priority attention towards these resources and their life cycle so that maximum advantage can be garnered out of them till they are available.

In the current accordance with policy, Sage will support only Sage Fixed Assets 2018, 2017, and 2016. This implies that Sage will no longer support Sage Fixed Assets 2015 or any previous versions. In case the customer is using an unsupported version, it is encouraged to upgrade the software to a more supported version.

The Current Latest in Sage Fixed Assets 2018.0

The latest 2018 release of Sage Fixed Assets comprises some of the most outstanding features that make it a wonderful asset tracking product for various small to mid-sized businesses. Among the new features in the 2018 release, users will also discover the following:

• Enhancements to the Custom Depreciation Method Confirmation.
• Improvements to the Book Information section of the Asset Detail window. This currently also comprises lines from Prior Through date and Depreciation This Run.
• The Ability to customize the Asset List view so that you can see exactly what you require.

Also, the 2018 version allows the users to fix different items that have been reported by customers as being incomplete or required for their businesses. These consists of:

• Another alternative accounting period calendar that can be customized according to your company’s fiscal year.
• Asset history tracking has been fixed. There was a bug that has been corrected.
• The CCH Prosystem fx integration no longer displays “error on Line 19 total”.
• Known Crystal Reports errors have been fixed.

Read More : Upgrade Sage 50 to the Latest Release

Tips for Using Sage Fixed Assets

As the user starts to explore the world within Sage Fixed Assets, there are a few tips that can make the software even more advantageous for you:

• Start the Fixed Asset Tracking by establishing a Sound Baseline. After you know what fixed assets you have, one can eliminate “ghost assets” or lost, stolen, or otherwise missing property from within the system. According to the facts cited above, repeated audits of companies that need to track their fixed assets find that as high as 65% have “ghost assets” on the books. As the fixed assets are such a great part of the balance sheet, by eliminating ghost assets, one can benefit from the cost savings in taxes.
• Conduct Physical Asset Inventories Even if the user perceives that they know what the physical assets of the company are, they will be surprised at what they have obtained or sold over the previous year. It is hence important to take regular inventory of fixed assets in order to keep the records updated.
• Tag Assets with the Appropriate Labels. Ensure that you use the best barcode labels for every fixed asset. Foil, tamper resistant, vinyl or office labels can each be used for any asset but the right label on an asset ensures you keep track of them longer. Equipment that has been subjected to fluctuating temperatures, rain or snow or other weather conditions needs a more durable label than a copy machine inside an office building.

These along with the other tips for fixed asset tracking may be found in various reliable online websites regarding the Accounting aspects of Sage.

Likewise the fixed assets also represent a large portion of the company’s balance sheet. Hence it makes sense to track them accurately. If the new year offers a renewed commitment to fixed asset tracking, make Sage FAS a main priority.

Attributes of Sage Fixed Assets 2018

The much needed information about your fixed assets can be acquired by using different tools integrated within Sage Fixed Assets application as illustrated below:

Tracking

• Sage Fixed Assets has an identification indicator of of standard quality which is integrated with the purpose of following the change in the life cycle of a particular fixed asset. The tool is easy to use and employ as the interface is quite user friendly and navigational.

Depreciation

• It is a standout among st the most vital elements which influence the fixed resources. Sage remembers each of the directions and elements which impact the deteriorating estimation of the settled resources identified with business and government arrangement.

Reporting and Services

• The user is accorded with the facility of generating as many reports as they wish regarding the fixed assets used to decide the matter of settling the asset in a profitable manner. The reports generated provide complete overview of the Fixed Asset along with benefit offered towards the business.

Planning

• A Sage fixed resource is setup to track the healthy existence of the settled resource which helps in deciding every one of the subtle elements concerning the advantage. These points of interest incorporate the status, contacts, notes and different financial s of the organization.

Additional Tools for Sage Fixed Assets 2018

The latest version of Sage Fixed Assets was outfitted with new tools that helped to gain even more perspective of the fixed assets required by the business. Some of these much approved tools are listed below:

• Scanner Portable Application: This portable scanner feature allows user to download or scan different documents like stock document from the program and then track it through android enabled mobiles. Furthermore, the user can employ the mobile’s camera to go through the standard resource identification set and to make changes and update them to stock section, amend resources and then send the revised copy back to the Tracking feature of Sage Fixed Assets application. This tool of Sage Fixed Asset can be directly downloaded and installed through play store of Android mobiles for easy portable scanning.
• AMT Book Change: As per the direction and authorities provided by IRS under Form 4562 from the year 2016 – “Depreciation and Amortization gives that property choosing out of reward devaluation isn’t liable to an AMT deterioration alteration for qualifying resources put in benefit after 2015.” In like manner, for resources set in benefit from 2016 to 2019, the framework defaults MF200 in the AMT book, when MF200 or MT200 is utilized as a part of the Tax book, rather than MF150.
• Picture Manager Window (Update): Significant changes have been made to Image Manager tool integrated within Sage Fixed Assets 2018.0, consisting of following points:
• Transfer numerous pictures with ‘Browse Catch’ tool or new intuitive range feature newly implemented under Picture Manager Window.
• Connect different aspects of one Picture, at least, simultaneously offering added benefits to the user.
• In order to view all the aspects connected for one single picture, user has to just click on the option labeled Number under Number of Linked Assets.
• Filter through File List of a particular picture on the basis of their Name, Connected Resources and Sort.
• To rename a particular picture select the option of Record Name from the menu bar under File list.

Also Read: Fixed Sage Error 153: When Printing User Details Report

Final Words!

Sage Fixed Asset 2018 is an online tool generated to track and analyze the benefit of the fixed assets bought by the company. The tool is accurate, effective and reliable as it computes every aspect which could matter in changing the asset. The software is therefore complex and multi partitioned. It is important to understand the software and this is why we are here.

Frequently Asked Questions (FAQs)