About Fixed Assets

Bloomberg Tax & Accounting Fixed Assets software is a cloud-based solution that helps companies manage the entire lifecycle of their fixed assets, from construction and purchase through retirement. Primary features include fixed asset management, inventory management, and compliance. Processes are automated, compliance with frequently changing tax and GAAP regulations are automatically enforced, management is streamlined, and comprehensive reporting delivers the insight you need to make informed management decisions. With Bloomberg Tax & Accounting Fixed Assets software, you can: • Streamline and optimize your fixed assets management • Be confident that your depreciation calculations are accurate with our built-in expertise • Dramatically shorten closing times • Effortlessly be up to date on all relevant federal and state tax law changes • Respond to change faster and have more time for strategic activities
Fixed Assets Software - Assets
Fixed Assets Software - Reports
Fixed Assets Software - Setup
Fixed Assets Software - Books
Fixed Assets Software - Expenses
Fixed Assets Software - Balance
Fixed Assets video
Fixed Assets Software - Assets - thumbnail
Fixed Assets Software - Reports - thumbnail
Fixed Assets Software - Setup - thumbnail
Fixed Assets Software - Books - thumbnail
Fixed Assets Software - Expenses - thumbnail

Fixed Assets pricing

Fixed Assets does not have a free version but does offer a free trial.

Free Version:
No
Free trial:
Yes

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Fixed Assets Reviews

Feature rating

Value for Money
4
Functionality
4
Ease of Use
4
Customer Support
4
5 reviews of 23 View all reviews
Mitchell H.
  • Used Other for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 21/3/2018

Business data for risk evaluation

Access to key business data that is fairly current.

Pros

Easy to navigate, the terms are not written in to high a level for broad access in the organization.

Cons

Very robust with great depth and breadth of information - takes a little time to successfully navigate

Tara H.
  • Company size: 51-200 Employees
  • Used Monthly for 2+ years
  • Review Source
Value for Money
3
Features
2
Ease of Use
4
Customer Support
4

4
Reviewed on 30/3/2017

BNA Fixed Assets Review

We have recently upgraded from the desktop version to the web version of BNA Fixed assets. There were many difficulties with the move, but received customer service to slowly complete the transaction. After we accomplished the transfer and customized the system to our specific use, one thing I would say that is extremely helpful is the ability to search within each field. There has been a lot to learn with the system compared to the old with specifics as report creating, defaults, and asset view. In the future I look to learn more about the software and the possible capabilities. We have found a few items that are desired enhancements as listed below:
Order of fields in Add Asset windows to be customizable
Add option to upload document within the Add Asset window when asset is created rather than editing the asset and then uploading the document
Option to add an additional asset after one is complete
Default within Add Asset windows: Override Additional First-Year Depreciation - Default next screen to choose No AFYD
Setup- Fields Asset Field List larger box to view all data at once
Similar: Edit within asset when selecting from PickList - larger selection area
Have All Favorites (reports and batches) as a filter in the reports section
Asset Viewer ability to go to next asset without exiting asset viewer
Assets View add more headers be able to scroll over (left and right)
Thank You.

Pros

Ability to search within each field on the asset view.

Cons

Listed below are a few desired enhancements:
Order of fields in Add Asset windows to be customizable
Add option to upload document within the Add Asset window when asset is created rather than editing the asset and then uploading the document
Option to add an additional asset after one is complete
Default within Add Asset windows: Override Additional First-Year Depreciation - Default next screen to choose No AFYD
Setup- Fields Asset Field List larger box to view all data at once
Similar: Edit within asset when selecting from PickList - larger selection area
Have All Favorites (reports and batches) as a filter in the reports section
Asset Viewer ability to go to next asset without exiting asset viewer
Assets View add more headers be able to scroll over (left and right)

Greg M.
  • Industry: Hospitality
  • Company size: 10,000+ Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
3
Features
3
Ease of Use
5
Customer Support
4

3
Reviewed on 15/10/2016

Very Easy to use; good service, expensive pricing model; weak reporting

The software makes it very easy to upload and mass modify assets. If you buy it, you must get the dataview add-on that lets you integrate the reporting into excel. The base crystal reporting is hard to use and also only allows you to report on one book at a time.

The database is very flexible, allowing multiple placed into service dates (one for each book) but the reporting becomes erroneous if you have to input assets placed into service in prior periods or modify the basis of an asset (say, due to an impairment). Instead you need to create new component assets for the modifications. This becomes a problem because BNA charges you based on the number of assets, and the price escalates very quickly. We have only 5 users but are forced to pay for a pricey 100 user license because we have 100,000 assets. In other words, BNA is bad for capital-intensive businesses who need detailed, accurate records.

By using easy to understand asset types you can quickly populate all of your books (GAAP, Fed, AMT, etc) because lives and methods are programmed automatically by type. You get great efficiency and simply your tax reporting. If you have unusual assets you can also modify each book separately after you populate the asset type, so you retain flexibility when needed.

For a smaller business, this software would be superb.

The BNA team was very responsive during our implementation, and did the project management for us. All we had to do was export our old database into CSV or excel and give it to them. The job was very well done.

Pros

The asset type method makes training users very easy

Cons

The price model is unfair to companies with a large number of assets but few transactions. The reporting is basic and prone to error. An upgrade is required to get a good reporting capability.

Joy K.
  • Industry: Transportation/Trucking/Railroad
  • Company size: 5,001-10,000 Employees
  • Used Daily for 6-12 months
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

4
Reviewed on 15/12/2018

Accounting for Fixed Assets

The ability to report fixed assets in multiple currencies is the best thing with this software, its so useful for a company that has branches in different countries as it automatically calculates exchange rates .

Pros

This software makes the process of accounting for fixed assets so simple. One is able to record, calculate depreciation, calculate gain or loss on disposal and asset and track all fixed assets owned by a company.

Cons

It is complicated and it is difficult for users to adjust the depreciation rates or add anything to it.

Yardley M.
  • Industry: Pharmaceuticals
  • Company size: 10,000+ Employees
  • Used Monthly for 2+ years
  • Review Source
Value for Money
4
Features
4
Ease of Use
2
Customer Support
5

4
Reviewed on 30/3/2017

Novo Nordisk Inc BNA Fixed Assets Review

In general, this works about as well and is as user friendly as you can expect from something as complicated as a fixed asset tool. We are, in general, very happy with this product. The one major complaint is regarding reports that are exported to Excel. When producing a report for export to Excel and including a fixed asset description, it automatically puts the description on the next line. Additionally, the Excel cells are all merged and text wrapped. It take a significant amount of time to get the Excel report into a user friendly format that is suitable for Excel analysis each month. The new module for exporting data is not what we are looking for either. We would like the reports with the headers and all fields as shown in the reporting feature, we would just like the report to be Excel-ready. Otherwise, it is a good product.

Pros

Easy to train new, non-tax technical personnel on

Cons

The way that the reports export to Excel

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