The New Shape of Fixed Asset Management
Sage FAS Fixed Assets 2012 was recently released and the feedback from customers has been tremendous. As a component of your Sage 100 ERP system (formerly Sage ERP MAS 90 and MAS 200), this fixed asset management software boasts a whole new experience and a brand new look ... while maintaining the same powerful depreciation calculation engine that Sage Fixed Assets is known for. Let's take a closer look.
Why Do I Need to Track Fixed Assets?
First things first ... you may be asking yourself "why do I need fixed asset software?" Simply put, property tax and insurance is typically based on the value of your fixed assets like equipment, furniture, fixtures, and software. Accurately tracking the initial cost, depreciation, ongoing value, and disposition of those assets helps to ensure that you aren't overpaying tax and insurance.
Oh, and it's also required by the IRS, GAAP, and Sarbanes-Oxley (SOX) regulations!
What's New in Sage FAS Fixed Assets 2012?
The first thing you'll notice is a totally redesigned interface. The screens have been cleaned up and better-organized which improves productivity and allows you to accomplish more in less time. Plus, new controls allow you to resize data entry screens, change the order of fields with drag-and-drop simplicity, set up shortcuts to common tasks, and a variety of other options that give you more choice and control.
The improved Search and Replace function allows you to find the information you need and update records faster than before. Now, you can perform "bulk edits" to make several changes to a group of assets all at once. Plus, a new "wild card" search function allows you to be less specific and still find what you need quickly.
A new Assistance Center connects you with tools and resources that help you take full advantage of your software including access to tips, tricks, best practices, and the ability to interact with fixed assets experts and other Sage FAS Fixed Assets customers. Lastly, an optional Global Task Manager is available to automate fixed asset depreciation and reporting across multiple companies.
Some Things Change, Others Stay the Same
While Sage FAS Fixed Assets 2012 introduces some fantastic changes, some things remain the same ... like the underlying calculation engine that automatically manages and updates more than 30,000 IRS and GAAP rules and more than 50 methods of depreciation (try managing all that manually or in spreadsheets!). It's also worth noting that as a component of your Sage ERP 100 system, asset purchases, depreciation entries, and other financial data automatically update your general ledger without duplicate data entry.
