Sage Fixed Assets Review - why 4 stars?

Shlomi Lavi / updated: Sep 20, 2022

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What is Sage Fixed Assets?

Sage Fixed Assets is an on-premise fixed asset management software solution that is designed to assist companies to increase accuracy, reduce costs, and eliminate redundant data. The software assists businesses track as well as manage the company fixed assets in every step of the asset lifecycle. With the planning module, businesses are able to account for multiple projects as well as provide a progress report of the various projects.

Some of the key features include asset accounting, audit trail, disposal management, inventory tracking, asset lifecycle management, and many more. Sage Fixed Assets is a product of Sage Software Inc. which is a company based in the United States.

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Who is it best for?

Sage Fixed Assets was developed to target small and mid-sized companies looking for a software that could accurately track fixed assets life cycle in a transparent manner. The software can be used by both for-profit companies and nonprofit organizations.

Sage Fixed Assets will be an excellent tool for businesses not 100% abreast with country regulations and yet have no choice but to track their fixed asset life cycle whether they like it or not. Industries that have been making use of this tool are Accounting, Construction, Government and Non-profit.

Main features and functionalities

With Sage Fixed Assets, businesses can take advantage of over 50 methods of tracking asset depreciation. The reality is, depending on the type of company, the method of evaluation may differ but you can rest assured that Sage Fixed Assets got you covered.

The asset management tool offers robust functionalities on an easy to learn platform. It can be used to eradicate stolen assets, help a company avoid overpaying of taxes and decrease insurance payments. The combination of financial and tax reporting tool with asset inventory tracking and reconciliation gives companies the power to have the upper hand on on every step of the fixed asset life cycle.

What is the actual cost?

The cost of license starts at $15,000 per license. ITQlick pricing score is 2.2 out of 10 (10 is most expensive). Access ITQlick pricing guide for Sage Fixed Assets. You can also find here pricing information from Sage Fixed Assets's website.

Pros

• Sage Fixed Assets is a robust fixed asset accounting solution with features familiar to software in its category
• The software is relatively easy to learn and use.
• Sage Fixed Assets supports cloud hosting for remote use
• The training materials are readily accessible
• Sage Fixed Assets offers more than 50 depreciation methods, each made to meet specific company needs

Cons

• The accounting features on Sage Fixed Assets are limited compared to some of its top alternatives
• Reconciling differences on the platform is sometimes cumbersome
• Even though it offers Bank Reconciliation, accounts cannot be synced and taxes are not calculated automatically.
• Sage's customer support does not offer a Help Desk, a Forum nor a FAQ.

How it stacks up?

Access a head to head analysis of Sage Fixed Assets vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Sage Fixed Assets right for you or your business?

Sage Fixed Assets is a fixed asset accounting solution for manufacturers, service-related companies, and distributors in North America. The software is highly scalable for small, midsize, and enterprise organizations. CPA Magazine, Maury Regional Hospital, and Catawba Valley Medical Center are some notable clients that use Sage Fixed Assets.