Manage Asset Acquisition with Sage Fixed Assets
To create one or multiple assets, Sage planning exports the completed assets financial data to a flat file, or import to your fixed assets management solution.
To create one or multiple assets, Sage planning exports the completed assets financial data to a flat file, or import to your fixed assets management solution.
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When managing your capital budgeting and construction-in process with Sage planning, it is important to know we are going to be dealing with the first step of the fixed asset lifestyle, acquisition.
For example, your business might be building a new plant or warehouse, retooling or upgrading a plant as well as machinery. During this asset creation process these asset cannot be listed in the fixed asset account and cannot show depreciation. However, you still need to keep track of them. This is usually done in a three step process:
Organizing and monitoring these steps is construction and progress project management. Each step has its own challenges as well as potential errors.
In order to create one or multiple assets, Sage planning can export the completed assets financial data to an Excel or flat file, or import to your fixed assets management solution. If you are already working with Sage Fixed Assets depreciation or tracking, those new assets can be directly placed into the Sage fixed Assets solution to begin depreciating and physically tracked.