Sage Fixed Assets

Pros

Our use is very simple. Ware a non-profit with 5-6 software assets and until recently 1 real estate asset. Sage Fixed Assets makes the tracking, depreciating, and disposing of assets very easy.

Cons

For what we use it for and for the price we pay, there aren't really any cons. The software did give me some difficulty when linking the the correct company, but tech support was able to fix the issue in one call.

Pros

Ability to sync with our ERP (Sage Intacct) to automatically post depreciation entries and create assets fom the AP module; robust controls and fields

Cons

Our implementation analyst was not very knowledgeable about the system, he had a hard time understanding our questions and guiding us in decision making. The system is pretty expensive, and seems to be very powerful, however the reporting is not intuitive. Getting answers to questions about report availability has been difficult. Mistakes were made by the implementer during system setup and some are still not corrected nearly a year later.

Pros

Sage Fixed Asset very good fro depreciation and asset tracking , and easy to use once you get the hang of it

Cons

It costs too much and the customer service is poor, it's difficult to understand at first, you need to keep practicing

Pros

The price is great compared to other similar products. Once familiar with the system, it's very easy to navigate.

Cons

When changing an existing fixed asset, it's a little difficult to figure out what option to choose on the screen that warns you about the asset's history changing. I also wish the exportable standard reports were a little cleaner from the start without any additional customization needed.

Alternatives Considered

Reasons for Switching to Sage Fixed Assets

Pros

I liked that it is more tax-friendly than what we have set up in SAP. The customer help is also fast and secure.

Cons

I wish there is a helpful article or source that helps us with the content of importing assets. Like the courses of action, I could do to fix validation errors. This will be helpful for those that are not really familiar with depreciation methods and how assets should be coded.

Pros

-I like the functionality and accuracy for calculating short year depreciation and projections. -The grouping function and Excel export is very useful. -I would say 70% of the time, the customer service is really good, better than other tax software companies.

Cons

-The output product (the reports) could use some improvement and looks outdated. -I don't use the software everyday but I always need a refresher with depreciation this run, depreciation thru date. Not very intuitive for me and to other people I train. -It's time that the software moves into the cloud. -I know Sage is pushing the knowledge base but I have never found it helpful nor user friendly

Pros

The software is simple to use and simple to backup and accurate.

Cons

It can be pricey for multi-user versions

Alternatives Considered

Reasons for Switching to Sage Fixed Assets

Pros

Asset Management and depreciation are most impactful. Overall we find the application easy to use with limited training required of new staff. I have been with Monro for almost 9 years and this is the only asset management software that's been in use since I started.

Cons

1. Not interfaced with our general ledger2. No ability to connect related assets together (traditional parent child). For example, use tax assets. We can't run a report of all of the assets that we pay use tax on and get the corresponding use tax assets automatically. We currently reference the "parent" asset in the description of the use tax asset.3. Transfer report does not contain "company asset numbers" which is the filed we use for account number - so report cannot be used to prepare the journal entry to record the transfer.4. Most fields in SAGE are user definined. For many fields it would be better if they were populated from a drop down or predefined list. This would improve consistency in how assets are recorded.5. We often input assets with in-service dates which are in prior months - so we record depreciation by comparing current month YTD deprec to the prior months YTD depreciation. Because of this we cannot upload the JE from BEST to our ERP system as the Sage process is designed to pick up the monthly depreciation.

Pros

We love the interface it's easy to know where we go to get the information and nice Graphs

Cons

We would like to see an integration with our erp (Trans4m) to pull and update some data.

Pros

We like how easy it is to use. There are times we have many assets to use or purchase a new company, Sage Fixed Assets provides the ability to upload this information from an Excel spreadsheet. It saves many hours of typing each one in.

Cons

The inability to hold assets for sale and freeze depreciation at that point in time. When the sale actually happens it forces that additional months of depreciation on the asset. Therefore, reports are incorrect for depreciation and disposal. This is for USGaap and only affects Internal books.

Pros

Changes in the tax laws & allowable depreciation are kept up to date by Sage .

Cons

The expense upfront . the annual maintenance fee . It not always intuitive .

Alternatives Considered

Reasons for Choosing Sage Fixed Assets

Reasons for Switching to Sage Fixed Assets

Pros

FAS does an excellent job of tracking our fixed assets and keeping track of our depreciation. It is powerful with many options. I can create various subcategories to itemize our assets. The reporting function is superb. Once again I can create reports to make accounting and auditing easier.

Cons

The only con I have is that the software offers so much that it is sometimes difficult to find exactly what I need. Downloading reports to Excel is messy. I have to spend a good deal of time cleaning up the spreadsheet.

Pros

The detail available for assets is useful and the ability to add customized fields is great.

Cons

The interface is dated, could use a refresh.

Pros

The product is easy to learn and use. It offers a lot of features that ensure we can complete our desired tasks.

Cons

Functionality of projected depreciation could be improved to a more detailed level.

Pros

It is very easy use and compute tax deprecation, generate various reports for income tax purpose

Cons

For state depreciation, it appears that there are no specific reports generated for certain states depreciation adjustment such as FL, NC, PA, MN, etc.

Pros

The product works as needed and the end users are satisfied with the product.

Cons

The product has proven to be difficult to use over disconnected networks. The software is not the problem but accessing it is.

Pros

30 year user -so it must be good.Use it for asset tracking and depreciation of internal books and for tax books.It works well for us.

Cons

Support used to be very good but is now not as easy to get to.We pay of the top level of support.Unfortunately that level of support no longer gets the immediate response.Top tier support is now what bottom tier support used to be.

Pros

The depth of the input makes the ability to get customized reports for tax reporting and personal property reports seamless. The completeness of the options for input to be able to insure that calculations are done in compliance with law.

Cons

I am disappointed that support has gone to online with no live option. There is also some confusion in making sure you maintain the product you initially purchased and are wanting to continue in support.

Pros

Easy to use, not expensive, great instructions.

Cons

Not web based, and have to download on computer. Makes it super difficult to upgrade computers - our IT department can never get it uploaded correctly.

Pros

Sage is easy to navigate and pretty intuitive. It was easy to be trained on when I started my position three years ago.

Cons

My only complaint with the product is that if I make a typo and move to another cell, that typo extends across all of the columns automatically. This makes it time-consuming when I need to go back and correct because I have to correct it on each column and not just in one place.

Pros

Sage is very easy to learn and update.

Cons

Attaching documents to Sage is difficult because we are not able to use .pdf, however, I am not sure if that is a limitation of Sage or of our rdp.

Pros

Depreciation and asset management are pretty easy to maintain.

Cons

some of the useless fields and primitive configuration

Pros

It calculates the monthly depreciation amounts for our companies. It can handle multiple companies.

Cons

It is somehow hard to navigate or move property among locations and companies.

Pros

Works well for our business, accurate and good

Cons

We don't have any issues and are fine with the product

Pros

Ease of use. Provides functionality a business our size requires.

Cons

Support can be a challenge. Could be cumbersome to get to a live person.