FIXED ASSETS Management

Announcing Fixed Assets Management

We're excited to announce Sage Fixed Assets Management (SFAM), a new solution designed for Sage Intacct, is available for everyone.

Now you can stop using spreadsheets or other systems that are manual, costly, and difficult to reconcile. Instead, automate and simplify the management of your assets from acquisition to disposal.

Landing page for Fixed Assets Management application

Customers currently using SIG Fixed Assets cannot migrate to Fixed Assets Management yet. SIG Fixed Assets will continue to be supported.

Key features

A core application with the latest user-interface enhancements

Our native application offers seamless integration with other core applications, ensuring timely and accurate management of your fixed assets. And, the latest user interface enhancements provide even more control with the flexibility to customize and filter your pages.

Asset dimension support

Introducing the asset dimension, available across all Sage Intacct applications. Tag the asset dimension on transactions in Intacct and run reports to gain new visibility into your business.

Top and entity-level support

Process and manage assets at the desired level within your organization, ensuring privacy between entities and allowing employees to concentrate only on what they need.

Automatic multi-book depreciation posting

Effortlessly post depreciation entries automatically across multiple books, ensuring compliance with government regulations. Assets support multiple depreciation schedules, and each schedule can use a different depreciation method, useful life, and book.

Simple self-implementation

Take charge of implementing the Fixed Assets Management application on your own. Our user-friendly interface and comprehensive documentation make it simple to set up and configure the application according to your specific needs.

More details

Here's a quick glance at more of the features available in Fixed Assets Management:

Depreciation methods and conventions: We support a range of depreciation methods and conventions to meet your compliance needs.
List of supported depreciation methods and conventions
- Straight-line (SL)
  - Full month
  - Half year
  - Full year
- Daily (DR)
  - Full month
- 150% declining balance (150DB)
  - Full month
  - Half year
  - Full year
- 200% declining balance (200DB)
  - Full month
  - Half year
  - Full year
Accounts Payable and Purchasing integrations: Streamline your data entry process by creating assets directly from bills and transactions.
On-demand status tracker: Stay updated on the status of your depreciation posting and receive automatic email notifications.
Disposals: Record different types of asset disposals. The application automatically calculates gain/loss and creates the corresponding GL posting.
Revert accidental changes: Easily revert unintended actions with the click of a button. For instance, if you mistakenly place an asset in service, post depreciation, or dispose of an asset.
Usage: View the Subscription usage page to see the number of new assets created each month and the total number of assets in the system.
Reports: The Depreciation Forecast Report provides detailed information on remaining depreciation.

Requirements

Subscription	Fixed Assets Management
Regional availability	All regions
Migration	Migrating from SIG Fixed Assets to Fixed Assets Management is not supported yet.
Implementation	Self-implemented