What's New in 2026.0

Tax Updates

• The 2025 Section 179 Expense Deduction, Threshold Amount, and SUV limits have been adjusted for inflation.
• The yearly depreciation limits for Automobiles (Type A) and Light Trucks and Vans (Type T) (i.e. luxury vehicles) placed in service in 2025 are lower than those for luxury vehicles placed in service in 2024.

20% Allowance support added for 2026 and 2027

Full 168 Allowance percentage support is available for 2026 and 2027 with the addition of the 40% and 20% 168 Allowance (Bonus) percentages.

Sage University Learning Resources

The Sage University website has a fresh new look with additional resources, including more training options and product videos. Whether you are new to Sage Fixed Assets or need a refresher, take advantage of the free learning resources at Getting Started with Sage Fixed Assets.

Sage Fixed Assets Ally (Beta) Enhancements

Sage Fixed Assets Ally is even more user-friendly. The updated "Chat with a Human" link in the lower-left corner makes it easier to contact Sage Support. In the upper-right corner, the "Copy Chat" and "New Chat" buttons streamline your chat experience within Ally, while the "Help" (?) icon offers updated information about Ally.

Last Asset Group defaults on launch

To ensure the last group in the last company that you were using opens after opening the application, check the Activate Company on Startup checkbox on the Preferences dialog.

Revamped Sage Fixed Assets—CIP module

The revamped CIP module serves as the CapEx Manager for your fixed assets, allowing you to create assets in three simple steps. Key improvements include a refreshed design that aligns with the Depreciation and Tracking layout, a Project List grid with similar functions as the Asset List, enhanced security features, and many other updates to streamline your workflow. Explore CIP on a Free Trial or contact your Sage Account Manager at 1-800-368-2405 for more details.

Tax Updates

• The 2024 Section 179 Expense Deduction, Threshold Amount, and SUV limits have been adjusted for inflation.
• The depreciation limits for Automobiles (Type A) and Light Trucks and Vans (Type T) increased from 2023 to 2024.

Sage Fixed Assets Ally (Beta)

Sage Fixed Assets Ally is an AI chatbot integrated into Sage Fixed Assets. Get the answers you need by entering your question in the chat box conveniently located on the Asset List.

We want your feedback! Please use the Tell us what you think of Ally link on the Ally dialog to provide feedback, anonymously or not.

Sage Resource Centre

Conveniently navigate to the Resource Centre directly from the Assistance Center and Help menu in Sage Fixed Assets. The Resource Centre is your one-stop shop for all things related to Sage Fixed Assets where you can access the Community Hub (formerly Sage City/Online Community), Knowledgebase, and more.

Faster Qualified Improvement Property (QIP) entry

Save keystrokes on RSCEF QIP asset entry. The application defaults to the Estimated Life of 15 years if the Depreciation Method MA100 (MACRS straight-line plus 168/bonus) is selected and 20 years if Depreciation Method AA (ADS straight-line plus 168/bonus) is selected.

Integration with Sage Intacct Purchasing module (subscription plans)

Create assets in Sage Fixed Assets—Sage Fixed Assets—Depreciation from the Sage Intacct Purchasing (PO) module.

Tax reports now available in Batch Reports

Enhance your productivity by running Form 4562, Form 4797 worksheet, Section 199A Report, and the Midquarter Applicability report in Batch Reports, reducing time-consuming individual processing.

Form 4562 now available for two tax years

No need to wait for the annual Tax Update to run your 2023 Form 4562. Both the 2022 and the 2023 forms are now available to be run as fileable forms.

Submit a Product Idea

Viewing and submitting product ideas has gotten easier with a new platform. Go to Help >> Submit a Product Idea to view, submit, and vote on ideas.

Asset Maintenance

Make the time you spend maintaining assets easier and more efficient with 26 customizable fields and time-saving SmartLists. Maintenance is new in Sage Fixed Assets—Tracking and available for subscription licenses. Contact your Account Manager at 1-800-368-2405 for more information.

Tip: See Asset Maintenance in action by watching instructional videos available on Sage University.

Tax Updates

• The 2023 Section 179 Expense Deduction, Threshold Amount, and SUV limits have been adjusted for inflation.
• The depreciation limits for Automobiles (Type A) and Light Trucks and Vans (Type T) increased from 2022 to 2023.

First-year bonus on luxury vehicle

As of January 1, 2023, the IRS has not issued safe harbor rules for luxury vehicles placed in service in 2023 and later. See Knowledgebase article 230515160259757 for the most recent information.

Group Name added to Batch Report export file name

The selected group name is included in the file name when exporting Batch Reports.

My Views

Save multiple custom Asset List views with the My Views feature. Choose from the list of custom views to apply to the Asset List in an open Sage Fixed Assets company.

Integration with Sage Intacct Accounts Payable module (subscription plans)

Create assets in Sage Fixed Assets—Sage Fixed Assets—Depreciation from the Accounts Payable (AP) module in Sage Intacct.

Utility Reports

The Asset History Event report can now be exported directly to Excel.

Asset Created history event for assets from Sage Fixed Assets—CIP

Sage Fixed Assets—CIP is shown as the source on the History tab in Asset Detail and on the Asset History Event report for assets sent to Sage Fixed Assets—Depreciation from CIP.

Last Scan Date Feature (Sage Fixed Assets—Tracking)

The Last Inventory Date Field displays the last scan date for an asset during an inventory. The Last Inventory Date Field is updated during each inventory for any scanned asset.

Tax Updates

• The 2022 Section 179 Expense Deduction, Threshold Amount, and SUV limits have been adjusted for inflation.
• The depreciation limits for Automobiles (Type A) and Light Trucks and Vans (Type T) increased from 2021 to 2022.

Import partial asset disposal information (subscription plans)

Assets can now be partially disposed by importing disposal information in Custom Import.

Direct integration with Sage Intacct's General Ledger (subscription plans)

The Sage Intacct Posting Link has been added to post journal entries directly from Sage Fixed Assets into Sage Intacct General Ledger.

Asset List: Display totals on numeric columns

Totals can now be displayed directly in the Asset List for any numeric column. For more information see Totaling Numeric Columns in the Asset List.

Asset List: Export to Excel enhancements

• Column headers are now bold with shading.
• To keep header in view, Row 1 is now frozen.
• Numeric fields are totaled using an Automatic Excel® formula.

Batch Reports: Reorder reports in a batch

Reports in a batch can easily be reordered by using the Reorder Reports buttons or drag and drop.

Disposals: Calculation simplified for Depreciation This Run

The correct depreciation this run amount is automatically calculated on disposed assets eliminating the need to dispose assets before calculating depreciation for the disposal period.

Browse for Folder window usability enhancements

In addition to navigating the folder structure, the Browse for Folder window now allows users to copy/paste the folder path, see the current file path, and access pinned locations. This is available in the following areas:

• Preferences
• Database List Manager
  • Attachments
  • Find Database
  • New Database
  • Rename Database
• New Company > New Database
• Open Company > Find Database
• Prepare Reader windowSage Fixed Assets—Tracking
• Receive Reader Data windowSage Fixed Assets—Tracking

Drag-and-drop enhancements

The ability to drag and drop items added to the following areas:

• Customize Asset List
• Batch Reports
• Inventory HelperSage Fixed Assets—Tracking

One-step product registration and activation

Registration and activation can now be completed in one-step by simply using your Customer Number and Serial Number.

Import asset disposal information (subscription plans)

Assets can now be disposed by importing disposal information in Custom Import.

Tax Updates

• The 2021 Section 179 Expense Deduction, Threshold Amount, and SUV limits have been adjusted for inflation.
• As of January 1, 2018 and later, the depreciation limits for Light Trucks and Vans (Type T) and Automobiles (Type A) use the same inflation index. The depreciation limits increased from 2020 to 2021.

Tax Extender Updates

The following tax provisions have been extended in the Consolidated Appropriations Act, 2021:

• Enterprise Zone designation for Section 179 purposes extended through 12/31/2025
• Shorter recovery life of 3-years for certain Race Horses extended through 12/31/2021
• Shorter recovery life of 7-years for Motorsports Entertainment Complexes extended through 12/31/2025
• Shorter recovery lives for Indian Reservation property extended through 12/31/2021

• Section 179D for Energy Efficient Commercial Buildings is extended permanently

Note: Second Generation Biofuel Plant property has not been extended past 12/31/2020.

Other Updates

• 168 Allowance percentages are available for assets placed in service through 2025.

• For Property Type Z, amortizable property, the Depreciation Method defaults to SF with a 15-year Estimated Life in the Tax book.

Add Books

Now you have the option to keep using 7 books, add a few more books, or use up to 20 books for your depreciation records. See Manage Books for more information.

Book Title

When adding books, a Book Title can now be up to 10 characters long. Any existing Book Title can also be increased to a 10-character length.

Book Display in Asset Detail

Show Closed Books

You now have the option to “Show closed books in Asset Detail”. If you choose to show closed books, any existing book field data entered before the book is closed will display in light grey text. For more information see New Company, Edit Company, and Opening and Closing Books.

Book Column Resizing

The width of book columns in the Main Tab of Asset Detail can be adjusted to very narrow or very wide. To restore the original width of all book columns a resize icon has been added.

Report Enhancements

• Report settings have been updated to accommodate up to 20 books.
• The Asset Group Name appears in the right side of the header for the Depreciation Expense Report, Disposal Report, Transfer Report, and Fixed Asset Summary Report.

CARES Act Tax Updates

• ADS Default lives for real property and 15-year personal property have been updated.
• Real property with a 15-year GDS life (e.g. Qualified Improvement Property) being depreciated over its 20-year ADS life uses the half-year convention if placed in service on 1/1/2018 or later.

Related Product Updates

• Sage Fixed Assets CIP: The Project Name field length increases from 20 to 32 characters.
• Sage Fixed Assets—Reporting: The company Identification Number (EIN) is now available as a field choice.

Tax Updates

• The 2020 Section 179 Expense Deduction, Threshold Amount, and SUV limits have been adjusted for inflation.
• The 2019 Section 179 Threshold Amount has been changed to $2,550,000.
• The 2019 SUV, Property Type Q, Section 179 limit has been changed to $25,500.
• As of January 1, 2018 and later, the depreciation limits for Light Trucks and Vans (Type T) and Automobiles (Type A) use the same inflation index. The depreciation limits increased from 2018 to 2019. The limits for 2020 are the same as 2019.

Tax Extender Updates

The Further Consolidated Appropriations Act, 2020 extended many tax provisions that were about to or had previously expired. The application has been updated for the following extensions:

• Enterprise Zone designation extended through 12/31/2020, for Section 179 purposes
• Section 168 first-year 50% allowance for second Generation Biofuel Plant property extended through 12/31/2020
• Shorter recovery life of 3-years for certain Racehorses extended through 12/31/2020
• Shorter recovery life of 7-years for Motorsports Entertainment Complexes extended through 12/31/2020
• Shorter recovery lives for Indian Reservation property extended through 12/31/2020

Group Manager

Multiple groups can now be selected in Group Manager and deleted at the same time. This will save time when getting rid of groups that are no longer in use.

Batch Reports

A Run Batch dialog will now display when Batch Reports are run. The dialog will offer the options of sending the reports to a printer or exporting reports to two Microsoft Excel file types.

Sage Intacct GL Posting Link

A new posting link has been added to Sage Fixed Assets for creating and posting depreciation expense from your Sage Fixed Assets application to Sage Intacct. For more information see the Sage Intacct Link Guide (PDF viewer required).

Methods RH and RM

Two depreciation methods have been added, Remaining Value Over Remaining Life, half-year (Method RH) and Remaining Value Over Remaining Life, midmonth (Method RM).

Updated look

Sage Fixed Assets’ user interface has received a modest modern facelift. Clean and modernized improvements to the overall look of the product are obvious upon opening. New control over visuals on the assets list row and font size aid in working efficiently and accurately with your assets.

Database Upgrade

The database has been updated for the addition of the RH and RM depreciation methods.

Bulk Edit

This feature (Depreciation > Bulk Edit) allows the depreciation method and/or estimated life to be changed for multiple assets (and books) at the same time. If you have security turned on, the Bulk Edit feature will not be enabled from the Depreciation menu. If you wish to enable Bulk Edit for a company security profile, set Bulk Edit to Edit on Define Company profiles from the File menu under Password Security. Only the Supervisor security profile can make changes to security.

Tax Extender Updates

The Bipartisan Budget Act of 2018 extended many tax provisions scheduled to expire on December 31, 2016. The application has been updated for the following extensions:

• Enterprise Zone designation extended one year, to 12/31/2017*, for Section 179 purposes
• Section 168 first-year 50% allowance for second Generation Biofuel Plant property extended through 12/31/2017*
• Shorter recovery life of 3-years for certain Race Horses extended through 12/31/2017*
• Shorter recovery life of 7-years for Motorsports Entertainment Complexes through 12/31/2017*
• Shorter recovery lives for Indian Reservation property through 12/31/2017*
• Investment Tax Credits (ITC) extended through 12/31/2021:
  • Code 3 – Geothermal heat pump
  • Code U – Fuel cell property
  • Code 2 – Small wind energy
  • Code V – Microturbine property
  • Code 1 – Heat/Power system

*Pending legislation, HR 88, would extend these provisions through 12/31/2018. Please check with your tax advisor as to the status of the pending legislation.

Tax Updates

The Tax Cuts and Jobs Act of 2017 was signed into law on December 22, 2017. This Act made sweeping changes to the tax code for individuals and businesses. The following are the key changes affecting depreciation of business property.

Bonus depreciation increased and extended

Generally, 100% bonus depreciation is effective September 28, 2017 to December 31, 2022 for qualifying equipment. An election can be made to use 50% bonus for the first tax year ending after September 27, 2017.

Section 179 expensing increased and modified

The Act increases the maximum Section 179 amount to $1,000,000 for tax years beginning in 2018. The maximum is increased for inflation beginning in 2019. The Act also modifies the definition of qualified real property for assets placed in service after 2017.

Auto and Light Truck Limits

The Act nearly triples the depreciation caps for vehicles required to follow the luxury auto limitations. The increased caps are effective for Automobiles (Property Type A) and Light Trucks and Vans (Property type T) placed in service after 2017.

Recovery Period for Real Property

Effective for property placed in service after 2017, the Act eliminates the 15-year qualified leasehold, retail, and restaurant improvement property classes.

Qualified improvement property will have a 15-year life, assuming a technical correction is made to the Act, and is eligible for Section 179 and 100% bonus depreciation. Qualified improvement property is depreciated using the straight-line method and half-year convention or, if applicable, the mid-quarter convention.

Depreciation of Farm Property

For new farming machinery and equipment placed in service after 2017, the recovery period is reduced from 7 years to 5 years. Additionally, the rule requiring use of the 150-percent-declining balance method on property used in a farming business is removed (thus 200% DB can be used). Note: The ADS (alternative depreciation system) is required if the farming business elects out of interest deduction limits.

Like-Kind Exchanges for Personal Property

Effective for property exchanges occurring after 2017, with some limited transition exceptions, like-kind exchange treatment is no longer allowed on depreciable tangible personal (Section 1245) property, intangible or non-depreciable personal property.

AMT (Alternative Minimum Tax) for Corporations

Effective for taxable years beginning after 2017, the corporate alternative minimum tax is repealed.

Depreciation Method Remaining Value (RV)

The RV depreciation method is useful when adjusting critical calculation fields for existing assets. It spreads the remaining value of the asset as of the change date (beginning date) over the remaining life of the asset on a straight-line basis.

New in this update, now when you change the Depreciation Method to RV for an asset that has calculated deprecation, the existing estimated life will remain, it will not default in a new estimated life, as is done for new assets. This saves time and reduces the chance of unintended changes to the asset’s estimated life.

Accelerated Depreciation for Indian Reservation Property

Legislation introduced December 22, 2017 extends the accelerated depreciation rules for qualified Indian Reservation property 2 years, through 2018. Verify that this legislation was signed into law before applying the MR or MI depreciation methods to property placed in service in 2017 or 2018.

Sage Fixed Assets Scanner mobile application

If you are using Sage Fixed Assets—Tracking, try our new mobile application, Sage Fixed Assets Scanner. This application allows you to upload a prepared inventory file from Sage Fixed Assets—Tracking to Microsoft OneDrive. You can then share the default inventory folder with other users so that they can use Sage Fixed Assets Scanner on their mobile devices to download the inventory file. This allows employees working outside of the office to add and update inventory, which you can later sync with Sage Fixed Assets—Tracking via inventory reconciliation.

Want to start using Sage Fixed Assets—Tracking today? Simply go to Start > All Programs > Sage Fixed Assets > Tracking on your computer to get started. To learn more about Sage Fixed Assets Scanner, open the online Help in Sage Fixed Assets—Tracking and then enter Mobile application on the Index tab.

Image Manager updates

The new Image Manager dialog allows you to drag and drop image and PDF files to automatically add them to Sage Fixed Assets. It also contains a centralized list of image files, where you manage your images and can view details about the assets linked to each image. Select assets on the Asset List window and then open the Image Manage dialog to link multiple assets to an image.

Asset List updates

You can now include the following fields in Asset Detail by customizing the Asset List:

• Depreciation This Run
• Prior Through Date
• 168 Allowance Amount

AMT Book Update

The IRS has amended the instructions for various 2016 tax forms related to AMT. The amendment provides that property electing out of bonus depreciation is not subject to an AMT depreciation adjustment for qualifying assets placed in service after 2015. For assets placed in service in 2020 and later, the AMT depreciation adjustment will be reinstated.

Accordingly, for assets placed in service from 2016 to 2019, the system defaults MF200 in the AMT book, when MF200 or MT200 is used in the Tax book, instead of MF150.

If your property does not qualify for bonus (uncommon), change the depreciation method in the Book Information section for the AMT book to MF150 when MF200 or MT200 is used in the Tax book.

Copy Custom Reports

When copying company setup to another company, select which customized reports you want to copy instead of copying all of them. Expand the plus sign next to Customized Reports on the Copy Setup window to select the reports.

Tax Updates

Sage Fixed Assets—Sage Fixed Assets—Depreciation is updated for Section 179 Expense Deductions and Luxury Truck Depreciation Limits for tax year 2017.

Customize the Asset List

With the new Customize Asset List feature, you select the fields you want displayed on Asset List. You can now display book fields (for example, Acquisition Value, Depreciation method, Current Thru Date) for all the assets on Asset List. In addition, you can easily remove and reorder fields that are displayed.

Combined Installation of Sage Fixed Assets Products

When you install Sage Fixed Assets, you now have access to all products; Depreciation, Tracking, and CIP. Each unpurchased product comes with a free 30-day trial period so feel free to open and explore them.

Transfer Report with From and To dates

Now you can choose your own custom date ranges for the Transfer report. Based on the From and To dates you enter, the Transfer report will display the transfers that occurred during the given date range.

Easier Import to Sage 100 Premium ERP

You can now directly import the depreciation transactions from Sage Fixed Assets to Sage 100 Premium ERP without editing the export file. For more information, download the Links Guide from https://docs.sage.com/docs/en/customer/sfa/Guides/open/SFALinks.pdf.

Submit or View Product Ideas

Submit and view product ideas through the new Sage City Ideas page. This platform allows you to view and vote on ideas submitted by other users, and to contribute your own ideas on what features you would like to see in the product. In Sage Fixed Assets, go to Help/Submit a Product Idea.

Sage Advisor Update

Starting with the 2017.1 release, it will be easier than ever to stay current with your Sage Fixed Assets products. Sage Advisor Update will let you know when a product update is available. If you are not on the latest version, you will be able to directly download and install it using Sage Advisor Update.

Key Tax Law Changes