Frequently Asked Questions for Sage FAS Software

These questions were gathered from other Clients and Prospects of the fixed asset management software solution, Sage FAS. If you would like to contribute to this list, please email us with your question(s).

• [04/21/06] Will FAS 500 Asset Accounting (formerly FAS Asset Accounting for SQL Server) work with the newest version of Microsoft® SQL Server 2005?
  • No, not at this time. The product development team at Sage Software is currently working on this issue. They plan to have something out within the next four to six months. So for now, please continue to utilize the FAS 500 Asset Accounting version with SQL Server 2000.
• [04/19/06] Are the Sage FAS solutions sold as concurrent users?
  • No, the Sage FAS products are sold as "licensed users" only. If you need a multi-user system, please contact us at 541-221-3450 for pricing information.
• Can the Sage FAS system classify assets by user-designated groups, with subtotaling and totaling capability of an overall value?
  • Yes, with the use of the Group Manager in Sage FAS along with the built-in Report Writer.
• Will Sage FAS 100 Asset Accounting adjust the asset cost and automatically adjust the appropriate General Ledger account?
  • This process is only automated if you are linking Sage FAS 100/500 Asset Accounting (or Sage FAS 50 Asset Accounting ) to one of Sage Software's Accounting packages. Otherwise, this is a manual process.
• Can the Sage FAS system maintain construction/modification in progress and allow for capitalization under Federal Accounting Standards Board (FASB) 33, 62, and 84, i.e., transfer from Sage FAS 100 Construction in Progress Accounting to Fixed Assets?
  • The Sage FAS 100/500 CIP Accounting module does allow you to maintain and modify capitalization of your fixed assets before they become fixed assets. Once your asset does become a full fledge fixed asset, you can transfer that information seamlessly over into Sage FAS 100/500 Asset Accounting without any additional data entry.
• Does Sage FAS allow for bar code scanning capabilities?
  • Yes, with the integration of the FAS 100/500 Asset Inventory module. You have the capability of tracking new or old assets with a bar code scanning device. There are several in which you can choose from that are compatible with the FAS 100/500 Asset Inventory module.
• Does the FAS 100 Asset Accounting system allow for a 13 Period accounting basis?
  • Only the FAS 500 Asset Accounting - for SQL Server versions allow for 13 Period Accounting.
• Are the Sage FAS 100/500 Asset Accounting systems capable of producing reports that use data from both current and historical data fields for all subsystems?
  • With the addition of the built-in Crystal Report Writer, you have the capability of producing endless reports for your fixed asset management needs. With the purchase of Sage FAS 500 Asset Accounting, the built-in Report Writer is included. Otherwise, you can order FAS 100 Asset Accounting with (or without) the Report Writer add-on.
• Does FAS 100 or 500 Asset Accounting have the ability to allocate depreciation for assets that have more than one location?
  • Currently, only the FAS 100/500 Gov and FAS 100/500 Nonprofit versions have asset allocation capability. However,we are hoping that this function will be coming out in a new version release soon.