Sage offers several versions of Fixed Assets including Lite, Single-User, Network and Premier. The most important differences are that the Lite edition only manages up to 1,000 assets per company while Single-User is recommended for up to 50,000 and Premier runs on a SQL database which removes the asset limitations.
Here’s a detailed version by version look at some additional differences.
Lite Depreciation
- Single user
- Maintains the database on the local hard drive
- Limit of 1,000 assets per company.
- Dispose of assets.
- Customizable user-defined fields, short years, and ERP integration are available.
- Does not have built-in bulk transactions or transfer features.
- Merge company feature is not available
Single User
- Sybase SQL engine
- Installed and maintains the database on the local hard drive (not supported on network drive even when limited to a single user)
- No hard coded limit to the asset count in a single database or company but Sage suggests limiting assets to under 50,000 asset per database (starting with 2021.1 and above release version) due to performance issue which start at that number of assets
- The ability to perform transfers and partial transactions, and to do bulk transactions, copy company set-up, merge companies, store asset images, and attach PDF files.
- Compliance Monitoring (Audit Advisor), U.S. tax rules with IRS regulations and forms, comprehensive depreciation, replacement value, MACRS convention switch, Canadian regulations and T2S8 Capital Cost Allowance, GASB 34/35 Compliance, utility reports for SOX compliance.
- Additional modules of Tracking, Planning and Reporting can be added to the license.
Network
- Sybase SQL engine
- The Network Service is installed on a server where the database is maintained, allows multiple users and clients based on the user licensing. Clients are maintained on a per machine basis, not by concurrent users.
- No hard coded limit to the asset count in a single database or company but Sage suggests limiting assets to under 50,000 asset per database (starting with 2021.1 and above release version) due to performance issue which start at that number of assets
- The ability to perform transfers and partial transactions, and to do bulk transactions, copy company set-up, merge companies, store asset images, and attach PDF files.
- Compliance Monitoring (Audit Advisor), U.S. tax rules with IRS regulations and forms, comprehensive depreciation, replacement value, MACRS convention switch, Canadian regulations and T2S8 Capital Cost Allowance, GASB 34/35 Compliance, utility reports for SOX compliance.
- Additional modules of Tracking, Planning and Reporting can be added to the license.
Premier
- MS SQL Server database and includes reporting as part of the license
- The ability to perform transfers and partial transactions, and to do bulk transactions, copy company set-up, merge companies, store asset images, and attach PDF files.
- Compliance Monitoring (Audit Advisor), U.S. tax rules with IRS regulations and forms, comprehensive depreciation, replacement value, MACRS convention switch, Canadian regulations and T2S8 Capital Cost Allowance, GASB 34/35 Compliance, utility reports for SOX compliance.
- Additional modules of Tracking, Planning and Reporting can be added to the license.
- Global task Manager (Run Depreciation\Report Across Multiple Companies in a single batch)
- Alternative Accounting Period Support (13 period, 5-4-4, 4-5-4, 4-4-5).
- Improved performance for companies going over 10,000 assets.
Pricing for Sage Fixed Assets varies by version with the Lite edition starting at $1,190 per year and the network version starting at $2,766 per year.
