Sage Fixed Assets delivers a wide array of professional reports including amounts of depreciation currently taken, which provides businesses like yours with clear visibility into the state of your valuable assets. However, there are often times when companies or organizations will require the depreciation amounts for a future time period without affecting the depreciation taken for the current time period. Sage Fixed Assets has various ways of projecting how much depreciation will be taken on assets over time.
The detail view of the asset actually has the capability of running a projection on that specific asset. This feature is called “Quick Projection.” By running the Quick Projection, the depreciation style report will be generated detailing the depreciation that will be taken on the asset throughout its estimated life. Not only does the Quick Projection report show the yearly depreciation, but it also shows when the rate of depreciation changes. For instance, assets with MACRS depreciation methods will at some point switch to a straight-line method. The Quick Projection report will show exactly when that will occur and what the new rate of depreciation will be.
Another way to project depreciation on an asset is by using the Monthly Projection report. The Monthly Projection report can be run on a single asset or a group of assets and projects depreciation for an entire year, subtotaled by months. The Monthly Projection report can be drilled down to show specific assets and can be used to narrow down exactly when an asset will stop or start depreciating. Like most reports in Sage Fixed Assets, the Monthly Projection report can be run on any group and can have additional subtotals added to it to further break down the report. The Monthly Projection report can be run for any future period and not just the current year that depreciation has been run on. It is an excellent tool to use for narrowing down sudden drops or increases in asset depreciation.
If there is a need to run a projection that spans several years, the best report to use is the Annual Projection report. Like the Monthly Projection report, the Annual Projection report can be run for any group of assets and can be customized to have additional subtotals. The Annual Projection report is meant to give a broad overview of the depreciation that will be calculated over several years, therefore cannot be drilled down like the Monthly Projection report. While the Monthly Projection report can only project for a single year, the Annual Projection report can display multiple years of projection on a single report.
For specific questions regarding projections, customer support can be contacted by phone at 800-331-8514, by email: [email protected] or by online chat at http://kb.sagesoftwareonline.com/app/chat/chat_launch .