How to update to Sage 50 Fixed Assets 2024.1

The Sage Fixed Assets version 2024.1 is the annual Tax update, updating Tax forms and calculation rules in compliance with current IRS rules. See the Sage Fixed Asset Release Notes for new features include in this release.

For detailed installation instructions, See the Sage 50 Fixed Assets Quick Start Guide. 

Note: Starting with Sage Fixed Assets 2023.1, Sage Fixed Assets is installing SAP Crystal Reports runtime SP30. This can cause an issue with Crystal Reports runtime versions used for other products. See Crystal Runtime Version Conflict for more information.

If you can’t run reports in Sage Fixed Assets 2024.1 after installing Sage 500, see Crystal conflict Sage Fixed Assets 2023.1 and Sage 500.
See also System Requirements: Sage Fixed Assets Lite Depreciation 2024.0 – 2025.1 for more information.

Note: The download of Sage 50 Fixed Assets version 2024.1 is a full version of the program.

Note: For new installation of the Sage Fixed Assets program. See Download Sage 50 Fixed Assets 2024.1 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. You must reboot after the .NET installation before the Sage Fixed Assets installation will complete
• Sage Standalone SBDDesktop
• Microsoft Visual C++ 2015 Redistributable Package (x86) See Error: "The type initializer for 'CrystalDecisions.CrystalReports.Engine.CRPE' threw an exception." for a download of the prerequisite installation if it failsNote: For in place updates, a Database Conversion is required for all versions of the program 2023.0 and prior. If not updating from 2023.1 or 2024.0, see the Updating from older versions: section below for the update paths available

Updating from 2023.1 or 2024.0 through the Sage Advisor Update

The Sage Advisor Update will have a notification of the 2024.1 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. Open Sage Advisor Update
2. If you don't see the 2024.1 release, 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. Click Download & Install or Download Only
   • Download & Install: This 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. Click the Download & Install button to start the installation. Alternatively, 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 2024.1 for the first time, the In-place conversion will launch automatically. It will attempt to open the last database touched and convert the database. If there’s only a single database, no further steps are required

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

Updating from older versions:

Warning: If updating from 2022.1 or prior once you install 2024.1 without going to the appropriate update path, you can't convert the databases directly to 2024.1. 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, you must perform a Database Conversion for all versions of the program 2023.1 and prior. When updating from versions 2023.0 and prior, the update paths are:

• If updating from 2023.0:
  • Uninstall the existing version, install 2024.1 and convert the databases
• If updating from 2013.0 – 2022.1: You can't convert the existing databases. You'll need to migrate to new databases. See How to migrate Sage Fixed Assets Single User products for more information. Company Backups (.BBK files) created in prior versions back to 2012.0 will restore directly into the 2024.1 product on a new system.