Sage Fixed Assets White Paper

Sage Fixed Assets: We Have You Covered

The trusted industry leader for more than 30 years, Sage Fixed Assets solutions provide comprehensive depreciation calculations, complete asset inventory tracking and reconciliation, full construction-in-progress management, and easy customized reporting. By automatically tracking recent and pending tax legislation then updating accordingly, Sage Fixed Assets takes the worry out of compliance issues and audits. You’ll be able to effectively and confidently manage every step of the fixed asset lifecycle—from acquisition to disposal.

Why Fixed Assets Are About More Than Depreciation:

Whether you’re reporting to senior management, a government agency, internal/external auditors, donors and executive boards, or the IRS, you’re accountable for the status and value of your organization’s many fixed assets.

Those assets can take the form of buildings, machinery, computers and other electronic equipment, office furnishings, even assets you build. Accurately tracking their varied lifecycles can be a daunting task— especially when there’s so much at stake.

Acronyms for regulatory agencies, laws, and even forms run the gamut: IRS, IFRS, GAAP, SOX, GASB, CCA, T2S8, but your compliance can’t. Even the most minute changes in tax rules, including exemptions, can mean the difference between major penalties and major cost savings.

Keeping track of potentially thousands of new and revised regulations and then filing correctly is more than demanding—it can be grueling. And if—or when—your books are audited, internally or externally, there will always be more questions. Don’t let yourself or your staff take on this burden alone.

Sage is on it. We constantly monitor all new laws being enacted regarding fixed assets, as well as changes, amendments, deletions, and exceptions to current ones that affect your bottom line. Our fixed asset software is constantly updated and helps keep your data ready for even the most intense scrutiny.

You’ll feel confident your numbers are in line and have the backup to prove it.

Disaster Recovery
No one wants to contemplate a disaster. That’s precisely why you need to. Hurricanes, earthquakes, tornadoes, floods, storms, and blizzards are facts of nature. And what about accidental disasters such as office fires (and resulting water damage), HVAC failures, power outages, or construction damage?

Your office and records could be subject to one or more disasters—but you’re not off the hook. Operations, including tax filings, must continue regardless.

Ironically, disaster recovery is more about what you do beforehand than in the aftermath.

Cost Savings
As your organization’s fixed asset inventory grows, so does the amount of taxes and insurance you pay. The list just keeps getting longer as you acquire the latest “thing” to keep you operating at peak performance.

Beware! You may have “ghost assets” hanging around, if not on your physical site, then definitely on your books. “Ghost assets”—lost, stolen, or unusable items that are not properly accounted for—can comprise as much as 15 to 30 percent of a company’s total property, plant, and equipment.

Sage can help reduce the huge job of inventory tracking to a manageable, even easy, process. You’ll be able to reconcile your asset data in one central location to maximize efficiency and take advantage of significant cost savings.

Managing Every Step of the Fixed Asset Lifecycle

  • Depreciation—Enjoy simplified fixed asset tracking with comprehensive depreciation calculations including over 300,000 U.S. and Canadian regulations for businesses, governments, and nonprofits.
  • Tracking—Conduct thorough physical inventories of your fixed assets with an easy graphical step-by-step process and state-of-the-art mobile devices.
  • Planning—Take control of your fixed assets before they even become fixed assets with flexible management of capital budgeting and construction-in progress projects.
  • Reporting—Create an endless variety of custom reports, including charts, graphs, and advanced formatting options.
  • Services—Get up and running quickly with customized inventory and professional services as well as expert, hands-on training.

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