Sage Fixed Assets Link Process

Each time you transfer depreciation information from the application to the standard output file, you will follow the steps outlined below:

1. Add new assets and change existing assets as necessary. Make certain that the G/L Expense Account Number and G/L Accumulated Account Number have been entered for every asset included in your posting.
2. Calculate depreciation for the period you want to post. Typically, users post depreciation amounts once a month. Calculate depreciation by selecting the Depreciate command from the Depreciation menu. This procedure calculates depreciation for the period and updates the data files. Depreciation This Run must equal the period you want to post.
3. Run the general ledger link to generate the depreciation expense journal entry. For some Sage Fixed Assets links, the system sends the depreciation expense journal entry directly to your general ledger when you run the link.
4. For some Sage Fixed Assets links, you must now import the ASCII file that the system has just created into your general ledger system.