In a recent webinar BrainSell explored how Sage’s fixed asset management solution reduces the immense job of inventory accounting and tracking to a manageable process with a number of added benefits.

1. Managing Every Step of
Your Fixed Assets Lifecycle

2. Housekeeping
• 45-minute presentation with Q&A at the
end
• Type questions into the "question box" to
submit them throughout the presentation
• We'll send a copy of the deck and
recording of the webinar in follow-up
emails after the event
#LearningWithBrainSell

3. Presenters
#LearningWithBrainSell
Wayne Austin
Sales Engineer, Sage Fixed Assets

4. Agenda
 Sage Fixed Assets solution overview
 Managing remote assets
 Financial impact of Ghost Assets
 CARES Act changes for Qualified Improvement Property
(QIP)
 Sage 100/300 integration
 Sage Intacct integration
 Product Demonstration
 Live Q&A
 Next Steps
#LearningWithBrainSell

5. Sage Fixed Assets
Overview

6. Value of using Sage Fixed Assets
#LearningWithBrainSell
• Maintain compliance with IRS tax laws and
GAAP rules
• Integration with Sage ERP
• Ensuring clean and accurate data
• Eliminate overpayments on insurance and
property taxes
• Time Savings
• Disaster Recovery/Business Continuity
• Easy Communication with External
Accounting Firms and Auditors
• Sarbanes Oxley compliant reports

7. Sage Fixed Assets
Manage fixed assets through complete lifecycle
SFA Tracking
Physical Inventory
Enables you to manage the
physical aspects of assets through
the lifecycle
SFA Custom Reporting
Provides robust reporting
capabilities on the entire process
SFA Depreciation
Helps you manage the financial
aspects of your assets throughout
their useful life
SFA Planning
CIP to Placed in Service. Easily
manage and report on your
construction-in-progress projects

8. Planning
• Define and manage upcoming projects
• Set and control budgets for all fixed assets
needed to complete a project
• Track all realized costs in order to compare
them to budget predictions
• Once completed, send assets to the
Depreciation module for all depreciation
related activities.

9. Depreciation
• Take advantage of baked in tax laws and over
50 supported depreciation methods to
confidently run and post depreciation
• Sage’s Audit Advisor will let you know of
potential conflicts… before an actual auditor
does
• Many standard reports included out of the
box; including ready to submit tax forms

10. Tracking
• Integrated out of the box and shares the
same database as SFA Depreciation
• Groups
• Templates
• General Information Fields
• Android App or traditional Scanner

11. Custom Reporting
• Full version of SAP Crystal Reports that can be
used to report on all SFA Modules
• Customize standard reports to fit your client’s
needs by adding fields or calculations
• Build entirely new reports from scratch by
pulling in data from any module
• Save reports to be run later, or export them to
email, excel, pdf for further distribution and
analysis

12. Ghost Assets
• Confirm that Fixed Assets in your registry
are in service
• Identify and eliminate Ghost Assets
• A fixed asset that can’t be accounted
for, it is physically missing or
otherwise rendered unusable.
• Can also be caused by fraud/theft
• Taken out of service but not
communicated to Accounting staff
• Can have significant financial impact

13. Ghost Assets
Why do they matter?
• If you have fixed assets on your books, but
they don’t physically exist, you have ghost
assets haunting your financials.
• They can impact:
• Taxes.
• Insurance expenses.
• Productivity.
• Budgets.
• Business critical assets.

14. Remote Employees
&
Tracking Remote Assets

15. Depreciation module - General Information fields

16. Tracking module - General Information fields

17. File Listing Report Assets

18. Integration

20. Create Assets from Sage 100 or Sage 300 AP/PO Module

21. Sage 100 pulls GL info from Sage Fixed Assets

22. Sage 100 pulls GL info from Sage Fixed Assets

23. Sage Fixed Assets pushes GL report to Sage 300

24. Sage Fixed Assets pushes GL report to Sage Intacct

26. QIP Depreciation Updates
Old QIP Rules
• GDS Life: 39 years
• ADS Life: 40 years
• Sec.179 Eligible: Y
• Bonus Eligible: N
• Depr. Method w/ bonus: N/A
• Depr. Method, no bonus: SL MM
Note: if Sec 179 deduction was taken under the Old Rules,
you cannot switch to 15 years and take Bonus (IRS Revenue
Procedure 2020-25).
New QIP Rules
• GDS Life: 15 years
• ADS Life: 20 years
• Sec.179 Eligible: Y
• Bonus Eligible: Y
• Depr Method w/ bonus: 100% SL HY*
• Depr Method, no bonus: SL HY**
*Current Bonus Pct. **MQ can be used if applicable. Not
eligible for 150% MACRS Depr. Method, only 100% (SL).

27. CARES Act and QIP
Resources from Sage
• Published in Sage City (www.sagecity.com):
• How the CARES Act Changes QIP and Tax
Returns
• IRS Releases Qualified Improvement Property
(QIP) Guidance
• Breaking News: Qualified Improvement
Property Now Has a 15-year Life!
• Note: within each article are links to other
articles, including various IRS guidance, and the
CARES Act legislation.

28. Product Demonstration

29. Questions & Discussion

30. Special Webinar Offer!
Sage Fixed Assets
10% off perpetual
licenses
If purchased before September 30, 2020

31. Thank You For Attending!
#LearningWithBrainSell
growth@brainsell.net
(866) 356-2654
www.brainsell.com
Follow us on Twitter: @BrainSell