Fixed asset planning — or Construction in Process (CIP) accounting — is the process of taking control of your fixed assets before they’re placed into service and begin depreciation. It involves keeping a detailed record of all expenses incurred while constructing a...
Explore everything Sage Fixed Assets 2025.1 has to offer The new Sage Fixed Assets 2025.1 is scheduled to launch on January 16, 2025. This release brings exciting new updates and enhancements designed to make managing your assets more compliant, easier, and...
Big Changes Occurred to the 179D Energy Tax Deduction in January 2023 On Tuesday, August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law – one of the most sweeping climate bills ever created. The IRA is a massive piece of...
Learn the 10 Steps to a Perfect Fixed Asset Inventory Many companies assume that since fixed assets are “fixed,” that their value is fixed as well. Unfortunately, those companies are missing out on significant cost savings potential that comes from having an...
Heat Up Tracking for Your Sage Assets with the New Asset Maintenance Feature Sage Fixed Assets – Tracking has introduced a brand-new feature called Asset Maintenance. It empowers you to schedule maintenance on your Sage assets, create work orders for...
Learn the 5 Important Stages That Impact Your Fixed Asset Accounting Accurate fixed asset accounting requires careful tracking and depreciation calculations. It can be difficult to manage because the fixed asset lifecycle often lasts decades. Here is what the...
Do You Suspect It May Be Time to Test for Fixed Asset Impairment? This Will Help. Fixed asset impairment occurs when an asset experiences a one-time or unexpected drop in value, resulting in a significantly lower market value than the one listed on your balance sheet....
Sage Intacct Integration, an AI Chatbot, and Faster QIP Property Entry Make Sage Fixed Assets 2024.1 the Best Version Yet Great news: Sage Fixed Assets 2024.1 is available right now. In addition to the exciting updates we discussed in this blog about version...
How to Optimize Fixed Asset Disposal to Improve Your Cash Flow We all know that renovations are costly, but investors often don’t realize that they can recover quite a bit of cash during the renovation process. How? By correctly calculating and recording the...
Business Fixed Assets Are Subject to MACRS Depreciation. What Is That & How Does It Work? MACRS is an IRS structure required for calculating depreciation on assets. As you would expect from the IRS, the MACRS depreciation system is complex and it punishes...
These Can Be Your Early-Warning Alarms for a Broken Fixed Assets Process When your fixed assets process is broken, your business breaks down too. You might overpay for taxes and insurance. Your capital budgets may become unusable. If the problem goes on too...
Sage Fixed Assets Hosting: One Solution to Cut Many Costs Immediately Economists are still undecided whether a recession is looming, but you can read between the lines. To maintain the competitive edge, your enterprise must have a strategic cost-cutting plan in...
Why Cost Segregation Matters to Your Business Tax Day has come and gone, and you’re probably already thinking of how to reduce your business’ tax obligation next year. Cost Segregation is a valuable, often overlooked, tax strategy that can increase cash flow...
Find Out Your Personalized ROI for Fixed Assets Software Instantly Business wisdom states that better financial insight leads to better agility, and that better efficiency leads to significant savings in time and money. So why are you still subjecting yourself...
Discover How to Streamline Your Fixed Assets Accounting Processes, Starting Now Take a moment to think about the costs of your fixed assets. Not only are the initial investments for your buildings, land, and equipment quite substantial, the insurance and taxes for...
Get Your Questions Answered About Sage Fixed Assets Software and SOX Compliance In 2002, the Sarbanes-Oxley (SOX) Act established strict rules and requirements surrounding financial controls for US public companies and their wholly owned subsidiaries. SOX is...
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