Sage Fixed Assets

(18)
4.3 out of 5 stars

Sage Fixed Assets is a solution that provides tools and features to help you manage compliance, disaster recovery, and cost.

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Sage Fixed Assets review by <span>Mary S.</span>
Mary S.
Validated Reviewer
Verified Current User
Review Source

"Sage FAS"

What do you like best?

Sage is easy to use and update. The reports are easy to run, download and format. The fixed asset exports make it easy to download the asset listings and reconcile to the books. Sage has the ability to add multiple books for tax.

What do you dislike?

It would be nice to hide old/disposed assets from view.

Recommendations to others considering the product

Sage has all book and tax requirements and depr options. Sage has all the necessary reports for tax auditors. Sage has the ability to easily add and dispose assets.

What business problems are you solving with the product? What benefits have you realized?

We are able to calculate tax depreciation and generate reports for our tax auditors that our current accounting system does not offer. Sage provides all the depreciation methods that are needed for our company. We are able to save money by calculating our tax depreciation rather than sending to our tax auditors.

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Sage Fixed Assets review by <span>Scott T.</span>
Scott T.
Validated Reviewer
Review Source

"Great software"

What do you like best?

They constantly keep the software up to date with the latest law changes. The updates are almost instantaneous to a new law. Also the software is very user friendly. Once you get the hang of it, everything goes very easily.

What do you dislike?

It is not always easy to find asset lives in the research section. When I come across new fixed asset types that I don't know the est. useful life for, I sometimes have to research to find what it should be, based on the IRS rules. The Sage Fixed Asset Software does have a research function, but it is not the easiest to find things in.

Recommendations to others considering the product

Good for tracking your assets

What business problems are you solving with the product? What benefits have you realized?

Helps us to track our fixed assets and calculate and record depreciation. I wish it was easier to transfer the depreciation from the Sage Fixed asset software to our ERP system, but it does take a little work, and a little extra IT help / knowledge in order to get it set up. But once set up, it quickly becomes an easy process.

What Enterprise Asset Management (EAM) solution do you use?

Thanks for letting us know!
Sage Fixed Assets review by <span>Prudence P.</span>
Prudence P.
Validated Reviewer
Review Source

"Sage Fixed Assets user for over 5 years"

What do you like best?

I use Sage Fixed Assets to maintain my asset listing and for depreciation purposes. The program is fairly easy to use. You can easily create or dispose of your assets as needed. Each asset file has plenty of fields for detailed information on the asset. There is several report options to print asset listing, disposals reports and various depreciation reports. The depreciation methods are current and updated as laws change. It's very easy to select the depreciation method you need for individual assets. I have several companies created for each location, but for CPA reporting at year end I am able to create a new company that includes all of my location files so that the data is all on one report, for reporting purposes.

What do you dislike?

I do have periodic problems printing from the program. My IT department has instituted a "fix" for this. The program does take a few minutes to generate reports to print or view to screen.

Recommendations to others considering the product

Sage Fixed Assets makes maintaining your fixed assets a much easier process. I have always been in charge of fixed assets with every company I've worked at and had to keep track of fixed assets and calculate depreciation manually. Using Sage Fixed Assets make the process much easier.

What business problems are you solving with the product? What benefits have you realized?

Sage Fixed Assets is an effective way to keep up my asset listing. Updating the asset list is very easy. Sage Fixed Assets calculates depreciation accurately and makes accumulated depreciation balancing easier.

Sage Fixed Assets review by Administrator in Individual & Family Services
Administrator in Individual & Family Services
Validated Reviewer
Verified Current User
Review Source

"Great for automoating posting for you assets."

What do you like best?

the ability to spread the depreciation over a long amount of time. The software automates the process and the General Ledger entries for Sage 50 accounting. We are better able to reduce mistakes in doing these manually.

What do you dislike?

The software has to be completely separate from sage 50 accounting. Fixed assets needs is not backed up in your accounting software. Sometime the entries fail to post to the General Ledger in Sage 50 so your have to run the posting again.

Recommendations to others considering the product

Be sure you use one of the sofwares what Sage fixed assets can automatically post the General Ledger entries into it for you. Manual entries are way to much trouble when software can do if of you.

What business problems are you solving with the product? What benefits have you realized?

We are better able to manage our time by no longer having to do entries and calculations manually. Also when issues are made its easier to follow the track backwards to decide where the mistake was made. When we did this manually you basically would start over.

Sage Fixed Assets review by <span>Logan Y.</span>
Logan Y.
Validated Reviewer
Review Source

"Does the work you would expect. Not very user friendly"

What do you like best?

The depreciation entries are generated for you over a time period and automatically posted for you into Sage 50 accounting.

What do you dislike?

Often the connections to my Sage 50 accounting are not made and you have to restart both software just get them connected. It would be nicer to have them all in one software. Also backups are separate from the general accounting. I did not know this and its not 100% clear when you set it up.

Recommendations to others considering the product

Be sure you use the accounting for sage 50 as well. They automated postings into your General ledger make all the difference in the world.. also be sure you invest in their automated back ups for both softwares. They are separate and but they are a life saver if something happens to your data.

What business problems are you solving with the product? What benefits have you realized?

Entries are automatically calculated so no more manual calculations and GL entries.

Sage Fixed Assets review by <span>Ryan T.</span>
Ryan T.
Validated Reviewer
Verified Current User
Review Source

"Great program overall but still having issues with freezing"

What do you like best?

Sage FAS has a lot of great features. I find their reporting to be accurate and reliable for depreciation and acquisitions. There are plenty of customizable fields to use if needed. The standard fields for assets are easy to understand and run reports with.

What do you dislike?

There are a lot of year end functions missing in Sage FAS. I would like to be able to automatically schedule reports to run simultaneously at year end. I have the same 10 reports I need to run with the same specifications. I would like to be able to run these reports using a scheduler. At times the program freezes, I do not know why it happens and Sage Support cannot fix it either. It is very frustrating.

Recommendations to others considering the product

Sage Fixed Assets does a great job. But if you need software that is more customized for reporting I would look somewhere else.

What business problems are you solving with the product? What benefits have you realized?

I have been able to use Crystal Reports with Sage FAS and this has allowed me to create more customized reports. I have a schedule of yearly reports that I run and I am now able to run them on command.

Sage Fixed Assets review by <span>Juan M. P.</span>
Juan M. P.
Validated Reviewer
Review Source

"Sage Fixed Assets - Tracking/Network"

What do you like best?

We use this software to track all of our agency assets. What I like best about it is that we've begun using a barcode scanning system with the software and it has made our inventory so much easier. The software itself also incorporates to MIP fund accounting quite nicely.

What do you dislike?

User interface is a little primitive. Some search features need to be refined and not put you in a temporary asset group. It's a bit tedious having to go back and forth. SQL backups still not available so they have to be done manually.

Recommendations to others considering the product

Make sure you hire a consultants and software expert. We went years without using key features until we decided to hire an expert.

What business problems are you solving with the product? What benefits have you realized?

Inventory tracking. Asset relocation.

Sage Fixed Assets review by <span>Andrew R.</span>
Andrew R.
Validated Reviewer
Review Source

"Easy to use, but must be integrated into your accounting system"

What do you like best?

It was really simple to add in Fixed Asset purchases into the Sage system. Very easy to run the reports and run drill downs on particular assets.

What do you dislike?

I disliked that the upload function template did not come with any good tutorials or instructions. Lots of trial and error to learn it. Creating reports is a huge hassle and pain in the neck

Recommendations to others considering the product

It must be integrated into your accounting system or you will have to do a lot of back and forth to get it working smoothly.

What business problems are you solving with the product? What benefits have you realized?

Storing all of our fixed assets in the system and using it as a standalone to calculate depreciation to create journal entries in our accounting system.

Sage Fixed Assets review by User in Accounting
User in Accounting
Validated Reviewer
Verified Current User
Review Source

"Good in many places, challenging in others"

What do you like best?

The detail in the asset input is exceptional. I can't think of any kind of depreciation book or method that is missed. The software has almost anything covered in that regard. There are many optional fields allowing user flexibility. The main screen allows a quick overview, with helpful sorting abilities to help find assets.

What do you dislike?

The most significant problem is the ability to get a report that is commonly needed for accounting purposes - either for financial or tax auditors. If there is number detail, often times descriptions are not included, requiring cross-referencing between asset numbers and asset descriptions. Different Audits require very different kinds of reports.

Recommendations to others considering the product

Review the needs of the organization and match them to the reports. Find someone able to help with custom reporting if the system does not meet your needs.

What business problems are you solving with the product? What benefits have you realized?

Depreciation of assets, disposal information and some reliance on the system for inventory.

Sage Fixed Assets review by <span>Samuel P.</span>
Samuel P.
Validated Reviewer
Verified Current User
Review Source

"Automation of asset depreciation"

What do you like best?

Automation of the depreciation and the posting to the General Ledger in Sage 50

What do you dislike?

The program is a little slow and requires its own backup. It would be better if it was built into SAGE 50 itself.

Recommendations to others considering the product

Explore the options for integration into your accounting software.

What business problems are you solving with the product? What benefits have you realized?

We are able to spread depreciation over the life of the asset automatically.

Sage Fixed Assets review by <span>Tim G.</span>
Tim G.
Validated Reviewer
Review Source

"A Decent Product in a difficult field"

What do you like best?

Safe Fixed Assets is a fast product with most of the options fairly easy to find

What do you dislike?

This is likely just the nature of fixed asset software, but it still has a long way to go to become user friendly

Recommendations to others considering the product

The thing with any fixed asset software is to not expect the program to be simple. Depreciation and asset tracking has all kinds of nuances, and selecting the wrong option can, unfortunately, screw everything up. It's no different with Sage Fixed Assets or any other depreciation software I've used.

That said, Sage has all the features we needed, handling depreciation in a relatively quick environment. The biggest problem we had was usually when we were importing the assets into the software, but if your using the product in your company and entering the assets in as they come, it should be much more straight forward.

Just make sure to do some reading up before you dive right it. It works well if you know what you're doing, but it takes a big before you can really know.

What business problems are you solving with the product? What benefits have you realized?

We used this software to prepare and track fixed assets for various clients

Sage Fixed Assets review by User in Machinery
User in Machinery
Validated Reviewer
Verified Current User
Review Source

"Meets our Current Fixed Asset Tracking Needs"

What do you like best?

Tax and Book balance and the ability to have multiple companies. Reporting for net book value in both tax and book formats available.

What do you dislike?

I'm not a big fan of the reporting format. It doesn't easily download into Microsoft excel for filtering in the standard reporting format out of Sage.

Recommendations to others considering the product

Just ensure that before purchasing any software that it meets the current needs of your business as well as the expected needs 5-10 years down the line.

What business problems are you solving with the product? What benefits have you realized?

Tracking of fixed assets. Automated calculations of NBV. Tracking for Tax and Book purposes. Ability to have multiple asset classes and different useful lives.

Sage Fixed Assets review by Administrator in Medical Devices
Administrator in Medical Devices
Validated Reviewer
Verified Current User
Review Source

"User Friendly Asset Management"

What do you like best?

Very user friendly. Very intuitive system. I was able to self-train when I started.

What do you dislike?

The help menus aren't very useful. We usually end up having to call support with questions.

Recommendations to others considering the product

Install a bar code reader system. It will make asset inventories much easier.

What business problems are you solving with the product? What benefits have you realized?

We recently started using the Tracking Network to assist us in tracking traveling demo instruments. Prior to utilizing that, we were running blind trying to figure out where each instrument was at any given point.

Sage Fixed Assets review by User
User
Validated Reviewer
Review Source

"Sage FA"

What do you like best?

Once you learn how to use Sage it can be very useful for creating customized reports.

What do you dislike?

When you change something in an asset everything gets reset in that asset. Not very user friendly and easy to make a mistake.

What business problems are you solving with the product? What benefits have you realized?

Depreciation and TPP reports

Sage Fixed Assets review by User in Accounting
User in Accounting
Validated Reviewer
Verified Current User
Review Source

"Sage Fixed Assets Handles Large Amounts of Data"

What do you like best?

I like that I can enter the Assets into the system and I don't have to worry about finding the correct depreciation percentage.

What do you dislike?

The software is slow and not very easy to use.

What business problems are you solving with the product? What benefits have you realized?

It saves time that would be spent on keeping track of fixed assets.

Sage Fixed Assets review by Administrator
Administrator
Validated Reviewer
Review Source

"Great Software"

What do you like best?

It’s ease of use and calulations. There’s no manual calculations or tax changes to keep track of.

What do you dislike?

Bulky for small businesses who don’t have many assets. It’s rather a large investment as well.

What business problems are you solving with the product? What benefits have you realized?

Greater control over depreciation calculations and changes.

Sage Fixed Assets review by Administrator in Banking
Administrator in Banking
Validated Reviewer
Review Source

"Fixed Assets"

What do you like best?

The product is easy to use and the price is very reasonable.

What do you dislike?

We only installed the program on one computer.

Recommendations to others considering the product

Have at least two users. Consider cloud versus on premise.

What business problems are you solving with the product? What benefits have you realized?

Maintaining list of bank fixed assets. No manual calculation of depreciation.

Sage Fixed Assets review by User in Accounting
User in Accounting
Validated Reviewer
Review Source

"Sage FAS"

What do you like best?

The ability to import fixed assets information.from excel via the mapping feature.

What do you dislike?

The user Interface is some what outdated.

Recommendations to others considering the product

Compared to Thomson Reuters Fixed assets CS

What business problems are you solving with the product? What benefits have you realized?

Fixed asset depreciation calculations and fire depreciation projections

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