Fixed Assets Blog (877) 824-6834
The day-to-day management of fixed assets is a critical business function—one not easily understood outside the accounting and finance departments. The top-down nature of the decision to implement an Enterprise Resource Planning (ERP) system often does not...
Your organization has just selected a new Enterprise Resource Planning (ERP) system. The next decision: choosing a dedicated fixed asset system vs ERP fixed asset module. Many factors go into the decision of whether to manage fixed assets using an add-on module from...
Implementing a complete fixed asset management solution increases return on investment (ROI) through tax and insurance savings, and productivity improvements – and generates valuable cash flow for the company. Pitfalls of Poor Asset Management Many companies overpay...
Many companies are choosing a cloud-based solution for their Sage Fixed Assets hosting, moving away from an in-house server managed by their IT staff. If you’re thinking about making the switch, here are 10 reasons why Paragon’s Sage Fixed Assets cloud hosting...
The process of managing a fixed asset begins before the asset is acquired. Companies and their fixed asset managers need to think about the entire fixed asset lifecycle – from acquisition to transfer and ultimately disposal. Unfortunately, that isn’t always the case....
Ghosts and Zombies. Yikes! They’re two hidden enemies – and not just in the movies. Many companies are familiar with the concepts of ghost and zombie assets, but fail to fully grasp the depth of the risks they pose to an organization. What are Ghost and Zombie Assets?...
Many organizations rely on their fixed assets as the lifeblood of the company. All too often, they don’t pay much attention to their fixed assets and lack the resources to track those assets and maintain an accurate inventory. Fixed asset inventory tracking is often...
Implementing a fixed asset inventory solution is vital for organizations for many reasons. A proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost and zombie assets,” and help an organization recover after...
The Sage Fixed Assets 2021.1 release includes tax changes from the Consolidated Appropriations Act, 2021 signed into law in December, 2020. This quick January update will make it easy for Sage Fixed Assets users to take advantage of the new tax benefits, as well as...
The new Sage Fixed Assets 2021.0 was released in early November, which is earlier than usual. This is great, because it incorporates Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act) tax provisions, and includes new features, enhancements and...
Sage Fixed Assets clients, the way you access Sage Fixed Assets support is changing! After October 20, 2020, calling in is no longer an option. Instead, you can simply open the Help menu within Sage Fixed Assets and choose Live Chat. You will be connected with a Sage...
The COVID-19 pandemic continues to have a profound impact on businesses and their staff. To support their ability to work remotely, Paragon, in partnership with Summit Hosting, is offering 6 months of Free Sage Fixed Assets Cloud Hosting for new hosting customers,...
The Daily Herald Business Ledger, suburban Chicago’s premier business publication, featured stories about how businesses and landlords are adapting the workplace for the COVID-19 world. Paragon’s CEO and Founder, Rick Swarts, was tapped to share his expertise. In...
Qualified Improvement Property (QIP) now has a 15-year GDS life and is eligible for bonus depreciation! The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) fixed an important technical error in the Tax Cuts and Jobs Act of 2017 (TCJA). Qualified...
The Qualified Improvement Property (QIP) tax glitch has been fixed! The QIP CARES Act fix allows for QIP placed in service in 2018 and later to be eligible for bonus depreciation, and has a GDS depreciation life of 15 years (20 years ADS). Shortening the life of QIP...
Are you spending an excessive amount of time entering data into spreadsheets when you could be doing more important work instead? Do you have trouble updating roll-forward activity and keeping track of all your fixed assets? Is your company worried about spreadsheet...
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