How to Apply Midquarter

If you’re using Sage Fixed Assets Lite Depreicaiton editions, see How to apply Midquarter or Half Year convention in Lite Depreciation instead.

Note: The MACRS Convention Switch will affect only assets Selected in the Asset List that qualify for Midquarter and are Placed-in-Service in a given Fiscal Period.

1. Go to the Asset List view, click Edit, Select All.
2. Click Depreciation, MACRS Convention Switch.
3. Select books to change.
4. Specify the fiscal year-end date of the year to switch.
5. Select Mid-Quarter Convention or Half-Year Convention as needed, click Ok.

Note: The MACRS Convention Switch won’t recalculate the depreciation to the mid-quarter values. Recalculate depreciation before the Mid-Quarter calculations appear on reports: See How to run Depreciation.

1. Go to Depreciation, Depreciate to depreciate assets.
2. Select the All Completed Assets group.
3. Enter the Current Through Date of the assets.
4. Check the box for Force Recalculate.