What is Sage Fixed Assets Software ?

Sage Fixed Assets is an asset management solution that aids companies in tracking and overseeing the asset lifecycle. This system offers accounting features and tracks asset depreciation. The software is accessible for all sized companies and is available for cloud-based and on-premise deployment. This integrated system offers three modules: Planning, Depreciation and Tracking to assist organizations in understanding and supervising their assets. Below you will find an in-depth explanation for each feature and the benefits of each.

Planning Module

This module is designed to account for all of your fixed assets. It allows for companies to manage the cost and size of multiple projects all at one time. This high-tech solution has multiple levels of detail tracking, including a variety user-defined fields and a wide selection of built-in reports. Some highlights of this module include:

  • Tracking project details
  • Custom user defined fields covering multiple layers of detail
  • Crease custom access with built-in security settings
  • Look at your organization across all projects
  • Handle expenses
  • Import invoices and other purchasing information
  • Integrate seamlessly with the entire group of Sage Fixed Assets management solutions

Depreciation Module

This module gives you the flexibility to manage your fixed asset lifecycle for profit and nonprofit businesses. It also prepares your company with year-end financials and tax returns, allocates costs and calculates depreciation. Eliminate duplicate data entry and store electronic images of key asset records. The Depreciation module offers more than 50 depreciation methods. These include MACRS 150 and 200 percent (formulas and tables), ACRS, Straight-Line (method of U.S. tax and finance purposes), Remaining Value over Remaining Life, Declining Balance (with and without an automatic switch to straight line at the optimum point), along with many others. Some other benefits include:

  • Simple Migration and Integration
  • Comprehensive Tracking
  • Flexible Configurations
  • S. Tax Rulebase
  • Powerful Reports

Tracking Module

Maintaining an accurate inventory of your fixed assets is crucial. In the tracking module, you can control data entry with notes and images to describe each asset record. This feature also integrates with Sage Fixed Assets – Depreciation so your data is kept all in one place. This eliminates double entry and ensures your asset information is always in sync. Here are some of the features you can perform using this system

  • Reconcile the status of your assets (ex. Missing, lost, or stolen goods)
  • Report on all the crucial information you need to keep track of your fixed assets
  • Define security profiles for individual users to ensure only those allowed to change the data are permitted to
  • Check assets in and out to keep track of who has the item, when they are overdue and see its history
  • Utilize optional hand held devices and barcode labels for seamless tracking
  • Speed up the asset inventory proves so you can conduct inventories more regularly so you can ensure your tax liabilities and insurance are up to date
  • Seamless integration with the entire family of Sage Fixed Assets while including the ability to integrate with Sage Fixed Assets – Depreciation

(This information was taken from the Sage Fixed Assets website, if you need more information you can click here to be taken to their website!)

As a third-party add-on, Sage Fixed Assets allows for accurate planning, tracking and depreciation of assets. If you are interested in adding this helpful feature for your company, call us at 856-335-1005 or email us at info@4acc.com!

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