Summary: Sage Fixed Assets (also known as Sage FAS) is a standalone fixed-asset management solution that integrates seamlessly with Sage 100 and many other major ERP systems. Here’s what it does and why its ERP-independence makes it a smart choice for the future.
Fixed asset depreciation schedules are astronomically long. Something small, like decorative lighting, can be depreciated quickly (5 years), but office furniture takes 7 years to depreciate, and parking lots take 15 years. Your office building takes a whopping 39 years to depreciate, which means if you buy a property in 2026, you’ll still be depreciating it in 2064.
Can you imagine how many spreadsheet errors your depreciation schedule will contain after that many years?
At that point, we’ll all have flying cars, so you’ll be able to quickly fly over to all your locations to verify that your fixed assets on the books are all accounted for…
…or you can just use Sage’s fixed assets solution and avoid those spreadsheet errors entirely.
What Does Sage Fixed Assets Do that Sage 100 Can’t?
Sage Fixed Assets is a standalone fixed-asset management solution that integrates tightly with Sage 100. Unlike your ERP, which handles everything your company requires (financials, customer orders, inventory, shop floor management, etc.), Sage FAS software focuses on one thing: fixed asset management.
And it does that one thing really, really well.
By “really, really well,” I mean that it:
- Tracks assets through every stage: from planning (for construction in progress, for example) to disposal (when an asset breaks or reaches the end of its useful lifecycle).
- Creates assets instantly and accurately using asset templates and the data you’ve already entered into Sage 100 AP invoices and PO receipts, so you can skip manual entry.
- Automatically depreciates assets across 20+ books (internal, GAAP, or tax, for example) and applies 50+ depreciation methods (straight-line, double-declining-balance, etc.), while maintaining compliance with 300,000+ federal and local rules and regulations.
(I threw a lot of numbers at you in that last bullet point. Go ahead and re-read it, take a breath, and then we’ll continue, because Sage FAS software does a lot more. Ready? Okay.)
- Simplifies asset disposal with bulk-disposal capabilities for many items at once (such as the 10 laptops you bought 5 years ago or the 3 that died when the office flooded last spring).
- Speeds up asset audits and check-in/check-out by using barcode scanning that auto-reconciles current assets against the books.
- Auto-generates IRS Forms 4562 and 4797 (along with a ton of reports), so you can relax at tax time, knowing you have compliant documentation.
The only thing it doesn’t do is make you a protein latte when you come into the office each morning, but it does track your office espresso-maker’s lifecycle, so it helps (wink).
Why Consider a Standalone Fixed Assets Solution?
Let’s think this through. When you have a flying car in 2064, you may also have a different ERP. Sage 100 has a lengthy roadmap, but no ERP vendor has the audacity to predict what will happen in 39 years (only the IRS does that). And as Doc Brown taught us in Back to the Future, with a flying car you don’t need roads (or roadmaps).
Roads (and bad jokes) aside, my point is that 39 years is a long time. If you have a teenage daughter right now, she’ll be a member of AARP when you finally get to stop depreciating your office building. Maybe she’ll have taken over your business and will be handling that depreciation schedule herself.
No matter what your business does over those nearly four decades, you’ll need a stable, predictable, error-free way to track and depreciate your assets. Sage Fixed Assets is that way.
And since it integrates with a wide range of ERPs, including Sage 300, Oracle, Dynamics 365 Business Central, Sage Intacct, and SAP, using it means you can keep the same fixed-asset software throughout, regardless of which ERP your daughter has decided to run the business with.
Ready to make fixed asset management easier now and plan ahead for the future?
