The Fixed Assets module is a simple module that integrates directly with Sage 200 and the accounting periods.
It provides a simpler, quicker way of managing an asset register and posting depreciation, particularly for those who are currently using Excel spreadsheets.
Manage your Fixed Assets with this fully integrated asset management solution for Sage 200. Linking directly to the financial ledgers and month-end processes this is a simple module to use.
Supporting businesses across the UK
Ideal for companies with:
Key Software Features
Period driven depreciation postings linked to the Sage 200 period end routine
Depreciation forecasts provided to help with budgeting future year’s depreciation.
Integrates with Sage Project Accounting and Sicon Job Costing for depreciation postings
Create assets from the Sage 200 Purchase Ledger Invoice entry screen.
Period driven depreciation postings linked to the Sage 200 period end routine.
Sicon Fixed Assets will allow you to manage your assets using this integrated and highly functional module. It offers a highly efficient way of maintaining all relevant information related to your asset in one place.
To ensure that you and your employees can maximise this add on, simple wizards speed up the process of asset disposal and revaluation.
Also, the introduction of depreciation types eliminates the need for complicated calculations as the depreciation can be split across multiple nominals easily.
- Installed and maintained within Sage 200.
- Available within all Sage Companies at no extra cost.
- Unlimited assets are available in each Sage company.
- Available for all Sage 200 users based on permissions at no extra cost.
- Import your Assets from Excel.
- Standard depreciation methods supported.
- straight line, reducing balance, the sum of digits.
- Calculate depreciation based on the number of days in the month.
- Mass change of depreciation type, percentage of life.
- Memos and attachments per asset. Record maintenance and repair costs against existing assets.
- Integrates with Sage Project Accounting and Sicon Job Costing for depreciation postings.
- User-defined Asset categories and subcategories.
- 150 analysis codes are available to configure across multiple custom tabs for each asset.
- Fixed Assets can be created into a structure to indicate how they are linked.
- Transaction history of depreciation, employees, location and nominal codes.
- Disposal and Revaluation process wizards included.
- Year-end process to handle current to brought forward adjustments with full nominal ledger integration.
- Reports are available in standard Sage report designer format and can be amended.
- Depreciation forecasts provided to help with budgeting future year’s depreciation.
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How does the fixed assets reconcile to the nominal ledger?
In theory, if the nominal ledger account used had a starting point of zero and only had figures posted to them from the Fixed Assets modules via depreciation journals and no manual journals from within the nominal ledger itself, the two should agree. However, if the nominal accounts had balances brought forward before Fixed Assets was implemented and brought forward fixed assets were not added to the Fixed Assets module, and/or uses are allowed to enter journals within the nominal ledger manually to these accounts, then they may not agree.
What impact does the capitalisation date have on the asset in the register?
When the asset becomes usable/capitalised. You can only depreciate the asset on or after the Capitalisation date. This could be different from the date you wish to start depreciation your asset.
What does the balance sheet code for the year refer to?
This refers to what balance sheet code is credited each month on the depreciation journal.
Can an asset be transferred to new locations?
Yes, simply by going into Amend Fixed Assets Setup and changing the location. The change is stored in the transaction history for audit purposes.
Does the fixed asset module only close down after the nominal ledger?
When you do your normal month end routine in Maintain Accounting Periods, it is at that point that it does the fixed asset depreciation for the month, however, you can view the postings that the system will create in Fixed Assets reports, and forecast by period.