What Are The Differences Between These Sage Fixed Asset Versions: Lite, Single-User, Network and Premier?

November 15, 2022 by Wayne Schulz

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.

Fixed Asset Management Outsourcing

January 15, 2013 by Wayne Schulz

Tired of compiling data about your fixed assets? The data entry, depreciation and routine reconciliations required can take away valuable time that your accounting staff coule be spending elsewhere.

One option is to outsource the handling of fixed asset upkeep and depreciation to a specialized firm such as Fixed Asset Consulting.

They take your fixed assets and provide:

Data Conversion – clean up and organize your asset listings
Depreciation – calculate depreciation schedules and fixed asset registers
Reporting – book, state, tax depreciation reports – plus everything you need for property tax reporting
Reconciliation and updating – journal entries for depreciation and reconciliation back to your financials
Year-end support – all the forms and reports you need for the annual audit or tax return – including form 4562, roll forward of assets, and other supporting documentation needed for tax purposes
Ongoing maintenance – additions of new fixed assets and disposals

Fixed Asset Management Plans

Lite – Less than 1,000 assets
Standard – Less than 5,000 assets
Premier – Between 5,000 and 15,000 assets
Executive – More than 15,000 assets

More information – Fixed-Asset-Outsourcing-Services-2012FAQ

Sage Fixed Assets Upgrade Links (FAS 2008.1.1 to FAS 2011.1)

July 6, 2012 by Wayne Schulz

If you’re using an older version of Sage’s Fixed Assets (formerly known as FAS ) and you are seeking to upgrade to a current version then you may be wondering if you need to install all the interim versions — and if so where you can find those?

The answer is that – yes – you will need to install the interim upgrades and that you can find those instructions and most of the versions at this Sage FAS Upgrade links page.

The most current (v2012+) version information has been relocated to the Fixed Assets section of Sage’s new Customer Portal which you need an account and password to login to (only available to customers on a current Sage maintenance plan).

As with all upgrades we recommend that you consult with your business partner prior to making any changes on your system.

Sage Fixed Assets

Sage MAS90 Fixed Assets Replaced By Sage Fixed Assets FAS 100

June 27, 2012 by Wayne Schulz

Sage MAS90 Fixed Assets becomes Sage Fixed Assets FAS 100.

Say that 10 times fast.

From what we can tell this primarily enhances the value for most Fixed Asset users:

– Same underlying product (no change to screens)
– Up to 10,000 assets (was 1,500)
– Up to 3 users (was unlimited)
– Multi-user (which I think it was before)
– Crystal Report writer (which I don’t think was included before but unsure)

The Fixed Assets we have implemented have been mostly trouble free.

UPDATE: Read the Sage FAQ about this change (December 2011)

In the past one big question was why customers had to pay extra to get a single user NETWORK version of Fixed Assets. The underlying technology was apparently such that Sage actually had to ship a different database or code structure.

Sage also charged extra (now included) for Crystal Reporting.

Now some (all) of that appears to be getting ironed out.

Sage Fixed Assets FAS 100

Sage FAS 50 and Sage FAS 100 Fixed Asset Pricing

February 5, 2009 by Wayne Schulz

Here’s the pricing for Sage FAS 50 and Sage FAS 100 as of February 4, 2009. These are list prices and you should add both the product list price and the maintenance list price to determine a total price.

We recommend Sage FAS 100 single user NETWORK with Report Writer as the basic package to begin with first. If you select the single user FAS 100 be advised that this only works standalone and loading the data onto a network (even if used by only one person) is not supported.

Sage FAS 50 has an asset limit of 1,000, does not support report writing and can only be run standalone.

Sage FAS Pricing Worksheet

Publish at Scribd or explore others: Business & Legal pricing fas 50

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