Description

Is it possible to record my company’s assets in the Sage One Application?

Resolution

With Sage One, Merchants can create and edit a company’s assets. When creating these assets, one can include a short description of the asset, and pick a category and location for the asset. In addition, you can enter a serial number if applicable as well as a purchase price, the current value, and the replacement value.

NOTE: You will need to manually calculate your depreciation and make the necessary journal entries, as Sage One does not calculate depreciation. Please, consult with your accountant for further guidance. You have the option to invite your accountant to your company, and have him/her do this for you.

If you have questions or require additional information, please submit a ticket and we will be in touch with you shortly.