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Sage Software Ships Enhanced Sage FAS Canada Fixed Assets Solutions

By Sage Software of Sage Software

HERNDON, Va. - July 10, 2006 - Sage Software announced today the general availability of Sage FAS Canada Fixed Assets, version 2006.1, featuring new Capital Cost Allowance (CCA) tax classes and depreciation methods, a new FAS Canada Asset Inventory solution especially designed for use by Canadian companies, and integration to FAS CIP Accounting for construction-in-progress accounting.

"The latest version of Sage FAS Canada provides a comprehensive fixed asset management solution for small and mid-sized Canadian businesses and organizations," said Chris Donie, vice president and general manager of Sage FAS. "Sage FAS Canada Asset Accounting customers can now take advantage of integrated asset inventory and construction-in-progress accounting products to complete their fixed asset management system."

Four new Capital Cost Allowance (CCA) Tax Classes - 43.2, 47, 48, and 49 - that were introduced with the 2005 Canadian federal budget have been added to FAS Canada Asset Accounting. Additionally, four new depreciation methods were added to FAS Canada Asset Accounting.

Also new is the FAS Canada Asset Inventory solution that enables customers to conduct a physical inventory of their fixed assets using a bar code reader and reconcile the inventory with the assets maintained in FAS Canada Asset Accounting, helping to eliminate lost or stolen assets and reduce insurance overpayments.

Sage FAS Canada users can now implement FAS CIP Accounting to track the cost of their construction-in-progress projects, such as assembling multi-component equipment, upgrading machinery, renovating buildings, or just accumulating separate invoices prior to placing a fixed asset in service. Once the projects are complete, they can send the fixed assets created in FAS CIP Accounting directly to FAS Canada Asset Accounting to begin calculating depreciation. With multiple levels of detail tracking and numerous built-in reports, FAS CIP Accounting users can easily manage and report on unlimited projects, including current project status, actual vs. budget variance, and project details.

Sage FAS Canada, version 2006.1, seamlessly integrates with Sage Accpac ERP, and is now available for active Sage FAS Canada SupportPlus customers to download at As part of their support program, Sage FAS Canada customers will also receive the update on CD. Sage FAS Canada customers interested in renewing their SupportPlus contracts may call 800-368-2405.

Organizations interested in purchasing Sage FAS Canada Fixed Assets solutions, or wanting additional product line information, can visit or call 800-368-2405.

About Sage Software
Sage Software supports the needs, challenges and dreams of more than 2.6 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 accounting practices and the construction, distribution, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading international supplier of accounting and business management software solutions and related products and services for small to mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.0 million customers and employs over 10,500 people worldwide. For more information, please visit the Web site at or call (866) 308-2378.

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