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Asset Accounting Module

In large or decentralized organizations, fixed asset management can pose complex challenges in administration, access, user-specific customization and
system security. Compatibility with existing accounting and business management software can be of equal concern.

Sage FAS Fixed Assets is the leading fixed asset management solution for medium-sized companies. FAS Asset Accounting combines acknowledged
depreciation expertise and user friendliness with the added power and functionality your situation demands. It was developed to meet the needs of your business, providing fast, dependable, customizable fixed asset management performance and data security.

Sage FAS Asset Accounting provides the additional ability to execute partial and whole transfers and disposals, conduct bulk disposals with automatic gain/loss calculations and track transfer activity with as little as a single keystroke.
FAS Asset Accounting - Sage MAS 500

Plus, it provides extra security features at the system level, company level and user-defined menu levels, such as complete audit histories on all changes made to the asset system. In addition, SmartLists provide user-defined values for each asset descriptor, ensuring a high level of consistency throughout the asset system. Finally, when combined with the rest of Sage MAS 90, Sage MAS 200 or Sage MAS 500 ERP systems, it creates a powerful, reliable, easy-to-use, and secure total accounting management system for your entire organization.

 

Features:

Sage FAS Asset Accounting provides asset templates to help ensure that new assets can be created both quickly and accurately. Assets can also be created by copying an existing asset. This facility is very important for system usability.
Execute partial and whole asset transfers and disposals individually to user-defined depreciation schedules. For bulk disposals, the system also automatically calculates gain/loss on individual assets.
Group Manager lets you define groups of assets as you go. Definitions can be based on any characteristic including type, location, custodian, and acquisition date. Depreciation, reporting, location change, and disposal require only a few keystrokes to implement.
Templates provide an easy way to create a new asset. When an asset is added, the selected template automatically fills out the asset information, reducing errors and improving efficiency. An unlimited number of assets can be created.
Asset Detail View allows you to view all details of a single asset from all seven books on a single screen. In Asset Group View, you can work with and view multiple templates simultaneously.
Pictures of an asset, purchase order, maintenance agreement, warranty, invoice, and other documentation can be scanned into the file and viewed on screen at any time, providing a complete and readily accessible record of all asset data.
In addition to the system’s powerful query capabilities, Sage FAS Asset Accounting provides instant switching between Main and Disposal functions, a complete audit trail of the major events in an asset’s life, and the facility for attaching notes to record important details.
Description fields can be up to 80 characters in length and extended user fields can accommodate up to 25 characters, affording optimal space for easy and complete asset definition. Up to 100 characters can be entered for general ledger account numbers.
Automatically creates AMT and ACE schedules using your choice of more than 50 methods of depreciation including MACRS 150% and 200%, ACRS, Straight Line, Modified Straight Line, Declining Balance, and Sum-of-the-Years Digits. Other automatic calculations available range from Full Month Convention, Mid Quarter Convention, and Half Year Convention to Section 179, ITC, Gain/Loss, Salvage Value, and Tax Preference Amounts. The system also provides the flexibility to create customized methods in each company.
Sage FAS Asset Accounting integrates with the Sage MAS 90 and Sage MAS 200 General Ledger for comprehensive accounting management performance. And for even more integration, assets can be added automatically when purchased or received, if used in conjunction with Sage MAS 500 Accounts Payable and Purchase Order modules. The assets automatically transfer from the purchasing system into Sage FAS Asset Accounting using an asset template based on the purchased item type. After transfer, Sage FAS Asset Accounting can customize the asset information, if necessary.
More than 30 standard reports are available, each allowing user-defined sort and range criteria on all fields. You can also create custom reports with built-in report helpers, produce custom consolidated reports that let you “roll up” data without changing the underlying database and specify totals-only reporting for standard reports.
Assure complete security at user, user-defined menu, system, and company levels, protecting important or proprietary data from unauthorized access or manipulation. This security feature also includes fully controlled access to user-definable SmartLists for fewer data entry errors.
Instant context-sensitive online Help is always available. Also, customizable Help for online corporate guidelines can be added easily.
A Sage FAS SupportPlus membership provides access to toll-free phone assistance, automatic free system enhancements and updates, automatic tax law updates, 24-hour access to FAS SupportPlus Online, and a wide array of other privileges and value-added benefits.
Asset Accounting Module - printable download of this page (PDF 720 kb)
 
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