SOURCE: Sage Software, Inc.

September 08, 2008 13:00 ET

Sage Software Announces Sage FAS Fixed Assets Version 2008.2 Now Available

New & Enhanced Reporting Features Plus Updated Tax Capabilities for Sage FAS 50, Sage FAS 100 & Sage FAS 500

HERNDON, VA--(Marketwire - September 8, 2008) - Sage Software announced today the general availability of Sage FAS Fixed Assets version 2008.2 for the FAS 50, FAS 100 and FAS 500 Fixed Assets product lines. Version 2008.2 includes new Assets Snapshot reporting (for Sage FAS 100 & Sage FAS 500), expanded FAS Report Writer capabilities plus Form 4562-FY Federal Tax Forms and instructions, which are needed for depreciation allowances enacted in the Economic Stimulus Act of 2008. The Sage FAS version 2008.2 update is available for existing customers to download on the FAS SupportPlus Online web site at www.sagefas.com/update.

Easy to install, customize and use, Sage FAS solutions are comprehensive, integrated fixed asset management programs with versions suited for businesses of any size. Whether managing 100 assets or a system requiring the power of a Microsoft® SQL Server® infrastructure, Sage FAS saves time and improves data accuracy by organizing fixed assets in an easy-to-view format and performing complex depreciation calculations quickly and easily. Version 2008.2 includes major reporting enhancements and important legislative updates for the current tax year.

New Form 4562-FY: To reflect the new 50 percent special depreciation allowance enacted in the Economic Stimulus Act of 2008, the IRS released a new version of the depreciation and amortization form for fiscal year filers. Form 4562-FY is included in version 2008.2 and replaces Form 4562 for tax years beginning in 2007 and ending in 2008.

Assets Snapshot: Available in FAS 100 Asset Accounting and FAS 500 Asset Accounting, the new Assets Snapshot gives users instant command over fixed assets via an easy, at-a-glance graphical summary of important fixed asset data.

Expanded FAS Report Writer Capabilities: FAS Report Writer offers familiar, built-in Standard reports plus the flexibility to customize and personalize Standard reports. The version 2008.2 FAS Report Writer, now powered by Crystal Reports® XI, offers users many new and updated features, such as run-time input parameters, a formula workshop, support for multiple data sources in a single report, charts, graphs and more.

"Sage Software is committed to providing our customers with the most accurate, easy to use and feature-rich solutions for managing their fixed assets," said Chris Donie, senior vice president and general manager of Sage FAS. "Version 2008.2 most certainly delivers, providing simplified data capture and analysis with the new Snapshot and reporting capabilities."

About Sage Software

Sage Software supports the needs, challenges and dreams of nearly 2.8 million small and medium-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 business management software and services to small and medium-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage 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 or call (866) 308-2378.

© 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.

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