SOURCE: Sage Software, Inc.

January 21, 2008 13:00 ET

Sage Software Introduces FAS Canada 50 Asset Accounting: Comprehensive Fixed Asset Management for Small Businesses

HERNDON, VA--(Marketwire - January 21, 2008) - Sage Software introduced today FAS Canada 50 Asset Accounting, an automated fixed asset accounting software solution specifically designed for smaller Canadian businesses. FAS Canada 50 Asset Accounting brings comprehensive yet easy-to-use fixed asset management functionality to businesses managing fewer than 1,000 fixed assets. Part of the Sage Software family of business management solutions, FAS Canada 50 Asset Accounting integrates with Simply Accounting by Sage, the number one recommended small business accounting software package by Canadian accountants*. This gives Simply Accounting by Sage users all the benefits of comprehensive fixed asset management and thorough accounting functionality, all from Sage Software.

FAS Canada 50 Asset Accounting is an ideal solution for first-time users of fixed asset management software, organizing fixed assets in an easy-to-view format and performing complex depreciation calculations quickly and easily. FAS Canada 50 Asset Accounting integrates with Simply Accounting by Sage and is designed to share fixed asset information with other popular General Ledger (GL) systems or modules. This helps users save time and improves data accuracy by eliminating duplicate data entry tasks. FAS Canada 50 Asset Accounting also includes 16 pre-defined reports for financial and tax reporting on fixed assets, enabling smaller businesses to take full advantage of depreciation opportunities to minimize tax burdens.

"Owners of smaller businesses often don't know the money they can save from proper depreciation of fixed assets or don't think they can afford an automated fixed asset accounting solution," said Chris Donie, senior vice president and general manager of Sage FAS. "FAS Canada 50 Asset Accounting brings to these smaller businesses the same powerful tools that have been satisfying the needs of larger Canadian organizations for years and at a very reasonable cost."

FAS Canada 50 Asset Accounting improves business decision making with easy-to-use fixed asset accounting and reporting features. The Company Setup Wizard makes getting started fast and easy, plus the Asset Wizard simplifies the creation, acquisition and depreciation of fixed assets. Built-in depreciation rules ensure the correct depreciation method and tax schedule, and the easy asset disposal feature guides users through the process of eliminating assets from inventory.

For pricing or additional information on FAS Canada 50 Asset Accounting, please visit www.sagefascanada.com or call 866-846-1176.

About Sage Software

Sage Software supports the needs, challenges and dreams of nearly 2.8 million small and mid-sized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the construction, distribution, healthcare, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading global supplier of accounting and business management software solutions and related products and services for small and mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.5 million customers and employs over 13,900 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.

*Information based on an independent online survey of 574 accountants who work with small business clients, conducted in Canada in August 2007.

© 2008 Sage Software. All rights reserved. The Sage Software logo and the Sage Software product and service names mentioned herein are registered trademarks or trademarks of Sage Software or its affiliated entities.

Contact Information