How to update to Sage Fixed Assets Lite Depreciation for Sage 50 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 Fixed Assets Lite Depreciation for Sage 50 - U.S. Edition 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.

Installing Sage 500 can cause reports to break in Sage Fixed Assets. See Crystal conflict Sage Fixed Assets 2023.1 and Sage 500 for more information.

See also System Requirements: Sage Fixed Assets Lite Depreciation 2024.0 - 2025.1 for more information.

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

Note: For new installation of the Sage Fixed Assets program. See Download Sage Fixed Assets Lite Depreciation for Sage 50 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. 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 fails

Note: For in place updates, you must perform a Database Conversion 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 listed, click the Check for Updates button. 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 will download the update and start the Installation process once the download completes:
     Click Next, then Yes and Yes to uninstall the prior version. 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.Lite50 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. Wait for the install to process to complete. Click Finish once completed

Note: Opening Sage Fixed Assets Lite Depreciation for Sage 50 for the first time automatically launches the in-place conversion.
The system converts the last accessed database when it opens. If there’s only a single database, no further steps are required

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

Updating from older versions:

Warning: If you update from 2022.1 or prior without following the correct update path, you won't be able to convert your databases. 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 do a Database Conversion for all versions of the program 2023.1 and prior. When updating from versions 2023.0 and prior to the update paths are:

• If updating from 2023.0, you can:
  • Uninstall the existing version, install 2024.1 and convert the databases
• If updating from 2012.0 – 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.