How to update to Sage 50 Fixed Assets 2023.1

See the Sage Fixed Asset Release Notes for new features and tax compliance updates included in this release.

For detailed installation, go to the Sage 50 Fixed Assets Quick Start Guide for more details.

Note: The download of Sage 50 Fixed Assets version 2023.1 is a full version of the program.

Note: For new installation of Sage 50 Fixed Assets. See Download Sage 50 Fixed Assets 2023.1 for the product download.

Note: There are prerequisites required for Sage Fixed Assets to run properly:

• If the installation detects that the NET 4.8 framework isn’t currently on the system it will install it. A reboot is required after the .NET installation before the Sage Fixed Assets installation will complete
• Sage Standalone SBDDesktop
• Microsoft Visual C++ 2015-2022 Redistributable Package (x86) See Error: "The type initializer for 'CrystalDecisions.CrystalReports.Engine.CRPE' threw an exception." for a download of the prerequisite if it should fail

Note: For in place updates, a Database Conversion is required for all versions of the program 2022.1 and prior. If not updating from 2022.1 or 2023.0, see Updating from older versions below for the update paths available.

Updating from 2022.1 or 2023.0 through the Sage Advisor Update

The Sage Advisor Update will have a notification of the 2023.1 release via a pop-up message in the Microsoft Windows system tray.

To check manually:

1. Click the Sage Advisor Update in the system tray or go to Start, All Programs, Sage, and open Sage Advisor Update
2. If the 2023.1 release isn’t listed, click the Check for Updates button and it will list the available updates
3. Put a check in the box beside the Sage Fixed Assets product listed and click Download & Install or Download Only
   • Download & Install: This will download the update and start the Installation process once the download completes:
     
     Click Next, then Yes and Yes to uninstall the prior version then wait for the install to process to complete. Click Finish once completed
   • Download only: Later, you can either open the Sage Advisor Update and click the Download & Install button to start the installation or Browse to C:\Sage Advisor Update\Sage.US.SBS.SFA.FA50 and right-click the setup.exe and select Run as Administrator to start the installation:
     
     Click Next, then Yes and Yes to uninstall the prior version then wait for the install to process to complete. Click Finish once complete

Sage Fixed Assets - Database Conversion

Note: On opening the Sage 50 Fixed Assets version 2023.1 for the first time the In-place conversion will launch automatically when attempting to open the last database touched and convert the database. If there’s only a single database, no further steps are required

• If you are converting multiple databases, use the Conversion Utility (See How do I convert data? for details)

Updating from older versions:

Warning: If updating from 2020.1 or prior once 2023.1 is installed without going to the appropriate update path the databases can’t be converted directly to 2023.1. They’ll appear with a Conversion Status of Incompatible Version and will require a Sage Expert Services engagement to update. See How do I contact Sage Expert Services? for details.

Note: For in place updates, a Database Conversion is required for all versions of the program 2022.1 and prior. When updating from versions 2022.0 and prior the update paths are:

• If updating from 2021.0, 2021.1, or 2022.0 you can:
  • Uninstall the existing version, then install 2023.1 (See Download Sage 50 Fixed Assets 2023.1) and convert the databases
• Company Backups (.BBK files) created in prior versions back to 2012.0 will restore directly into the 2023.1 product on a new system
  . See How to migrate Sage Fixed Assets Single User products for additional information