Update to Sage Fixed Assets: Step By Step Guide

Updated On: July 2, 2025 12:02 pm

What does Sage fixed assets (CIP) do?

Sage Fixed Assets (CIP), previously known as Sage Fixed Assets, assists businesses in handling capital projects. It records all project costs and compares actual spending with the budget. It tracks individual line items that ultimately change into fixed assets. 

After the project is over, these assets are transferred by users into Sage Fixed Assets, called Depreciation. This design an easily fixed asset lifecycle. 

What are the key enhancements in Sage fixed assets (CIP)?

Below is a list of key enhancements introduced in Sage Fixed Assets:

• Updated System Structure

Sage Fixed Assets only uses current .NET technologies. This boosts performance, improves security, and makes maintenance easy.

• Improved User Interface

The new interface offers a refreshed interface. It provides a cleaner layout consistent with Sage Fixed Assets—Depreciation. Users browse and use the software with ease.

• Project Overview

Users can view all projects along with their complete cost breakdowns. Filters show specific projects that match selected criteria. The columns can be modified and organized. For quicker and seamless access, projects open from the list directly.

• Web-based Support

Help content is now available online and accessible to anyone with internet access. The online user interface comprises easy navigation, the latest design, and enhanced search. It helps users by providing unrestricted access to the latest resources.

• Project Summary Report

Users narrow down the report to active projects using filters. This reduces confusion and speed up the setup pace while reporting.

Sage Fixed Assets assists proficient capital project monitoring. It ensures seamless asset management and gives tools to track and manage projects more effectively.

Depreciation Deduction on Tax Returns

Sage Fixed Assets comprise crucial tax regulation updates for businesses based in the United States. These changes help ensure correct depreciation reporting on your U.S. tax returns. The updates are relevant for all Depreciation products.

Sage Fixed Assets provides essential tax compliance updates for U.S.-based businesses. These changes help ensure accurate depreciation reporting on your U.S. income tax return. The updates apply across all Depreciation products.

Here is a list of the U.S. Depreciation Tax Updates:

• Section 179 Deduction Limit has gone up

Starting in the 2025 tax year, the Section 179 deduction limit has increased by $30,000. The updated limit is USD 1,250,000. Use the Audit Advisor or Tax Expense Report to review asset-level Section 179 claims.

• Section 179 Deduction Limit Increased

The total limit to spend on equipment increased by USD 80000. The limit was fixed at USD 130,000 in 2025.

• Higher Deduction Limit for SUVs

SUVs now qualify for up to USD 31, 300 under Section 179, a USD 800 increase.

• Depreciation Caps Reduced for Vehicles

Compared to the 2024 level, the annual depreciation caps for Automobiles (Type A) and Light Trucks/Vans (Type T) have decreased.

• IRS Form 4562 Filing Assistance

The software supports IRS Form 4562 for both the 2023 and 2024 tax years. With the new update, non-calendar year filers can produce file-ready 2023 forms. 

• Improvements to Audit Advisor

It now verifies assets that meet 2025 tax rules using the Audit Advisor. Use it from the Depreciation Menu to confirm asset records swiftly. 

• Section 168 Deduction Updates

1. Qualifying assets placed in service in 2026 are eligible for 40% bonus depreciation.
2. Qualifying assets placed in service in 2026 and 2027 are eligible for 20% bonus depreciation.

General Enhancements in This Release

The release of Sage 50 in 2025 comprises general enhancements. These enhancements enhance performance, software support, and ease of use. Refer to Sage 50 2025 Download & Install Guide to know more

Here is the list of the general enhancements:

• Improvements in SFA Ally Functionality

Sage Fixed Assets Ally now comprises:

• A “New Chat” button that clears and starts a new conversation.
• Live support escalation is available when needed.

• Asset List Memory Feature

While opening the program again, the system recollects, remembers, and loads the last used group or filter in the Asset List. This makes work faster and easier. 

• Image Rotation Feature

Image rotation is available in both the Image tab and full-screen view, ensuring clear asset visuals.

• Quarterly Acquisition Report Screening

Provides monthly breakdowns to better analyze quarterly asset purchase trends.

• Microsoft ODBC Driver 17 Assistance

For the SQL server, ODBC is now compatible. This boosts security levels, enhances performance, and aligns easily with the latest databases.

Installing Sage Fixed Assets—Lite Depreciation for Sage 50

Follow these steps to install Sage Fixed Assets–Lite Depreciation for Sage 50 and start using it. This procedure comprises system setup, installing parts, and getting started.

• Get the newest version installed

Pre-requirements:

Before installation, perform the following steps:

1. Shut down all open programs.
2. Close desktop toolbars along with the Microsoft Office Toolbar.
3. End all background applications like the antivirus software.
4. Verify if the local Admin Rights are available to you.
5. When notified, acknowledge the standard install settings and folder locations.

Installation Process:

Here are the steps for installation:

1. Log in to the Sage Knowledgebase.
2. Click the green button labeled ‘Download Sage Fixed Assets’.
3. Select the current version of the software.
4. Select the ‘Download’ option, then open the downloaded file to proceed.
5. When notified, choose the “Run” option. The dialog “Sage Download Manager” is displayed.
6. Choose the “OK” button to start downloading the files and installing the files.

Component Setup:

In case you have not installed it already, the setup will notify you to install the following components:

• Sage SBDDesktop
• Sage Advisor Update
• Microsoft .NET Framework 4.8
• Microsoft Visual C++ 2015–2022 Redistributable Package
• Microsoft Visual C++ 2017 Redistributable

1. Choose the “Install” option. The needed components will be installed. Now the “Welcome” dialog is displayed.
2. Choose the “Next” option. Now the Software License Agreement dialog appears.
3. Go through the agreement and choose the “Yes” button to continue. In case “No” is selected, the installation stops.
4. The dialog “Choose Destination Location” is displayed. 
5. Press the “Next” button.
6. The application gets installed in the system, and the Setup Status dialog appears.
7. After the installation is over, the dialog “InstallShield Wizard Complete” is displayed. Select to restart the system now or later if notified.
8. Choose the “Finish” button to end the installation.

Note: The installer will add .NET 4.8 first, in case it is missing. Before the Sage installation starts, reboot the system.

• Begin the Application

To start the application, follow these steps:

1. Double-click the “Sage Fixed Assets” desktop icon or
2. Head to the “Start” option. Now, click the option “Sage Fixed Assets”. Now choose the product installed.

The system launches the application and displays the main screen.

• Update Your Customer Number

After completing your purchase, you’ll receive a Customer Number. Enter this number to grant support access.

To add the customer number, follow these steps:

1. Choose the “Help” button.
2. Now click the option, “Update User Information” seen on the menu bar.
3. Press the “OK” button.

Note: It is crucial to share the customer number while contacting Sage for assistance.

How to update to Sage fixed assets lite depreciation for Sage 50 2025.1?

Sage Fixed Assets-Lite Depreciation for Sage 50 provides a well-organized and complete setup process. These steps guide you through the setup and allow support service access.

Sage Fixed Assets Lite Depreciation 2025.1 is a full program release. It allows new installations as well as updates to existing setups.

Here are the steps to ensure the update is done properly:

Crucial Pre-requirements

Here is the list of pre-requirements to address before updating Sage 50:

• The setup installs .NET Framework 4.8 if it is not already on the system. Once .NET installation is complete, reboot the system.
• Ensure that Sage Standalone SBDDesktop is installed.
• Ensure the Microsoft Visual C++ 2015–2022 (x86) package is installed.

Use Sage Advisor Update to upgrade from version 2024.1

Follow these steps to use Sage Advisor to upgrade from version 2024.1:

1. In the system tray, search for the Sage Advisor Update notification.
2. In case any notification does not appear, follow these steps:

1. Head to the “Start” option. 
2. Now, click the option “All Programs”. Then click the “Sage” option.
3. Now, click the option “Sage Advisor Update”.
4. Start the application and choose the option “Check for Updates”.
5. After version 2025.1 appears, follow these steps:

1. Choose the update.
2. Select either “Download Only” or “Download and Install”.

Download & Install Option

1. The system downloads and starts the installation.
2. Press the “Next” button and then click the “Yes” button.
3. Now click the “Yes” button to remove the old version.
4. Allow for the process to complete. 
5. Press the “Finish” button.

Download Only Option

1. Open Sage Advisor Update and click Download & Install when you are ready to install.

• You can also head to: C:\Sage Advisor Update\Sage.US.SBS.SFA.Lite50.

1. Hit right-click setup.exe
2. Choose the option “Run as Administrator”.
3. Complete the installation steps.

Database Conversion (In-Place Updates)

Here are the crucial points to remember while installing Sage Fixed Assets Lite Depreciation 2025.1:

1. For the most recently used database, the system begins in In-place Conversion automatically.
2. For a single database, no additional steps are needed.
3. For more than one database, access the Conversion Utility for Single User and Lite Editions.

Updating from Older Versions

Updating from older versions is crucial to ensure precise reporting, seamless integration, and regulation.

Here are the steps:

2024.0

• Option 1: Remove the present version, install version 2025.1, and change databases.
• Option 2: Update directly to Sage Fixed Assets 2025.1 if your current version supports a direct upgrade. After installation, convert all databases.

2023.1

• Update the version 2024.1 and convert all databases.
• Then update to version 2025.1 and convert the databases again.

2023.0

• Option 1: Directly update to 2024.1 and convert databases. Next, install version 2025.1 over the existing installation and reconvert.
• Option 2: Update to version 2023.1 and convert all databases. Then update to 2024.1 and convert again. Finally, update to version 2025.1 and complete the final conversion.

2022.1

• Update to version 2023.1 and convert all databases.
• Next, update to version 2024.1 and convert each database.
• Then update to version 2025.1 and convert all databases.

2021.0, 2021.1, or 2022.0

• Remove the version.
• Now install version 2023.1 and convert all databases.
• Now, update to version 2024.1 and convert all databases.
• Next, update to version 2025.1 and convert all databases.

2012.0 to 2020.1

• Direct upgrade to version 2025.1 is not supported.
• Take a .BBK (backup) file in the old version prior to starting the update.
• Import the backup into a new Sage Fixed Assets 2025.1 database.

Final Words

The Sage Fixed Assets 2025.1 update ensures compliance with the latest tax regulations. It enhances asset monitoring and makes reporting easy. Such enhancements boost efficiency, save time, and help maintain organized business processes.

Still, after reading this guide, if you have any queries, feel free to reach out to our team of experts. Call our Sage support team at +1-800-964-3096.

Frequently Asked Questions: