Sage Fixed Assets-Depreciation provides users the flexibility to enter and report depreciation numbers based on their specific company requirements - Some aspects of depreciation reporting and data entry require advanced steps to achieve the desired results.
The old saying of "garbage in, garbage out" holds true when attempting to make asset changes and running reports. How accurate individual asset data is entered and changed directly affects the depreciation numbers on reports.
Note: Before attempting any asset modifications or depreciation reporting for a past or future period, a backup of the company should be created for comparison purposes or if recovery of the pre-change data is needed.
Making changes to asset data fields that are critical to calculating depreciation.
There may be instances when an asset may need to be modified after depreciation has already been run. For instance, a rebate may have come in and the acquired value may need to be modified or the estimated life may need changing due to reclassification of an asset.