In addition to a refresh of the user interface, Sage Fixed Assets 2019.1 includes new features that make it easier for you to take advantage of rules passed under the Tax Cuts and Jobs Act of 2017. Here’s a closer look.
A new Bulk Edit of Critical Depreciation Fields feature provides a fast and easy way of changing the Estimated Life or the Depreciation Method for multiple assets and multiple depreciation books all at once.
Two new Remaining Value over Remaining Life depreciation methods provide the ability to use either the Mid-month, Half-month, or Mid-quarter averaging conventions, when changing the remaining life of existing assets.
Important Tax Compliance updates include an increase in Section 179 expense deduction, increase in depreciation caps on automobiles, update to form 4562, and various updates for tax extenders in legislation passed in 2018.
In several areas of Sage Fixed Assets, existing product functionality has been enhanced. An update to the user interface features a modern, professional visual experience that’s aligned to the style of other Sage applications. In addition, depending on which product you use, a new Asset List Control feature allows each individual user to set the Asset List’s row height and font size to your personal viewing preference.