Bloomberg Tax & Accounting Fixed Assets
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Bloomberg Tax & Accounting Fixed Assets
By Bloomberg Industry Group
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3.8 out of 5 stars
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Bloomberg Tax & Accounting Fixed Assets Reviews & Product Details - Page 2

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Bloomberg Tax & Accounting Fixed Assets Overview

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What is Bloomberg Tax & Accounting Fixed Assets?

Bloomberg Tax & Accounting Fixed Assets is the cloud-based software solution that automates and manages your fixed assets life cycle from construction and purchase to retirement. Our depreciation software helps you avoid the main pitfalls of fixed assets management: inefficiency caused by multiple platforms and needlessly complex processes, manual calculation errors, and keeping up with changing regulations. Key benefits of the Fixed Assets software: • Stay accurate and compliant with books and reports automatically updated to include the latest tax laws and built-in depreciation calculations for MACRS, ADS, and more • Reduce IT spend with cloud-based software — multiple-users can access anywhere, anytime • Easily reconcile between periods and books without losing historical data • Automate tracking of error-prone Construction in Progress projects and easily convert expenses to depreciable assets • Avoid manual data entry and shorten financial close times by automatically integrating fixed assets software with your existing ERP system • Get the greatest tax savings out of your fixed assets by modeling different scenarios with up to 99 books

Bloomberg Tax & Accounting Fixed Assets Details
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Product Description

Bloomberg Tax & Accounting Fixed Assets is a fixed asset management and depreciation software that allows you to manage the fixed assets lifecycle from construction and purchase through retirement.

How do you position yourself against your competitors?

Save time and money with automated processes and calculations, including complex computations and transactions for cost segregations, tangible property regulations, bonus depreciation, and more.

Work smarter with built-in GAAP rules for fixed assets accounting and up-to-date tax code.

Standardize and share fixed assets data and processes across all of your business units and service, with one single, holistic system of record for fixed assets. Integration with accounting, enterprise resource planning (ERP), and tax compliance systems ensures accuracy and efficiencies across departments.

Streamline every aspect of fixed assets management with our suite of optional add-on modules to Bloomberg Tax Fixed Assets.

Seller Details
Seller
Bloomberg Industry Group
HQ Location
Arlington, VA
Twitter
@BBGIndustry
20,020 Twitter followers
LinkedIn® Page
www.linkedin.com
1,858 employees on LinkedIn®
LG
Overview Provided by:
Lindsay Ghrist

Recent Bloomberg Tax & Accounting Fixed Assets Reviews

Verified User
U
Verified UserMid-Market (51-1000 emp.)
2.5 out of 5
"Expensive program, not meant for small business."
The fixed asset program was easy to use.
Read more
Verified User
A
Verified UserEnterprise (> 1000 emp.)
4.0 out of 5
"Excellent Fixed Asset Software"
BNA offers a great product with cloud based storage of fixed assets. The reporting feature included in the software allow about any type of report ...
Read more
Sarah W.
SW
Sarah W.Enterprise (> 1000 emp.)
3.5 out of 5
"Keep track of your fixed assets"
I like that this software keeps track of all fixed assets and makes it easier to apply depreciation rules.
Read more
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Bloomberg Tax & Accounting Fixed Assets Media

Bloomberg Tax & Accounting Fixed Assets Demo - Flexible System with up to 99 Books
Compare asset basis across multiple books to easily help with all GAAP and tax compliance needs.
Bloomberg Tax & Accounting Fixed Assets Demo - State-specific Calculations
Bloomberg Tax & Accounting Fixed Assets includes state depreciation calculations for your most challenging states: New York, Pennsylvania, California, North Carolina, Illinois, Florida, and Minnesota
Bloomberg Tax & Accounting Fixed Assets Demo - Automatic Tax Law Updates
Bloomberg Tax & Accounting Fixed Assets is updated for new legislation quickly. Most recently, clients immediately took advantage updating their Qualified Improvement Property (QIP) from the CARES Act.
Bloomberg Tax & Accounting Fixed Assets Demo - Scenario Planning Through Reporting
Bloomberg Tax & Accounting Fixed Assets brings reporting to the next level through what if analysis/scenario planning. Examples – bonus vs. no bonus, cost segregation analysis
Bloomberg Tax & Accounting Fixed Assets Demo - Open Timeline
Open Timeline is where accurate calculations intersect with the real-world process of recording fixed asset transactions. It allows changes to assets prospectively without changing past balances. Seamlessly handle trailing invoices, late capitalizations, impairments, revaluations, and any other c...
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19 Bloomberg Tax & Accounting Fixed Assets Reviews

3.8 out of 5
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19 Bloomberg Tax & Accounting Fixed Assets Reviews
3.8 out of 5
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Overall Review Sentiment for Bloomberg Tax & Accounting Fixed AssetsQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Misty D.
MD
Finance Director
Non-Profit Organization Management
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Bloomberg Tax & Accounting Fixed Assets?

This software makes it so easy to maintain asset records, from CIP to disposal, the entire process is painless and efficient. There is no guesswork involved and no more spreadsheets! I love the reporting features as well. Review collected by and hosted on G2.com.

What do you dislike about Bloomberg Tax & Accounting Fixed Assets?

So far I have zero complaints about this product. Review collected by and hosted on G2.com.

What problems is Bloomberg Tax & Accounting Fixed Assets solving and how is that benefiting you?

We had an ancient asset reporting system at my current job. Having used BNA at another company, the first thing I did was request this product. Switching over was simple, and the support team was great! Review collected by and hosted on G2.com.

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Verified User in Construction
UC
Mid-Market(51-1000 emp.)
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Incentivized Review
What do you like best about Bloomberg Tax & Accounting Fixed Assets?

This software easily tracks all of our fixed assets accurately for book and tax purposes. They regularly update the software for applicable changes in laws and rules. Very easy to enter new assets, dispose of assets and run reports. Review collected by and hosted on G2.com.

What do you dislike about Bloomberg Tax & Accounting Fixed Assets?

I used to dislike the fact that it was a program that ran locally on an individual computer. Now they have upgraded to a web-based version. Review collected by and hosted on G2.com.

Recommendations to others considering Bloomberg Tax & Accounting Fixed Assets:

Highly recommend fixes assets. Review collected by and hosted on G2.com.

What problems is Bloomberg Tax & Accounting Fixed Assets solving and how is that benefiting you?

We have to accurately report assets and depreciation not only for GAAP, but for tax purposed to maximize deductions for the ever changing tax rules. This software easily does that for us for things like Section 179 or bonus depreciation. Review collected by and hosted on G2.com.

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Amanda H.
AH
Senior Property Accountant
Real Estate
Mid-Market(51-1000 emp.)
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Incentivized Review
What do you like best about Bloomberg Tax & Accounting Fixed Assets?

The user friendliness of the system is great Review collected by and hosted on G2.com.

What do you dislike about Bloomberg Tax & Accounting Fixed Assets?

I don't have any dislikes yet, we've only been using the product for a month Review collected by and hosted on G2.com.

What problems is Bloomberg Tax & Accounting Fixed Assets solving and how is that benefiting you?

A more efficient way of tracking our capital assets Review collected by and hosted on G2.com.

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Paula F.
PF
Corporate Controller
Apparel & Fashion
Small-Business(50 or fewer emp.)
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What do you like best about Bloomberg Tax & Accounting Fixed Assets?

Web access and ease of use makes this product well worth the money spent. Review collected by and hosted on G2.com.

What do you dislike about Bloomberg Tax & Accounting Fixed Assets?

Have not accounted any issues. Currently no dislikes. Review collected by and hosted on G2.com.

What problems is Bloomberg Tax & Accounting Fixed Assets solving and how is that benefiting you?

Tracking fixed assets and booking depreciation. Very easy to use. Review collected by and hosted on G2.com.

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Verified User in Plastics
UP
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Bloomberg Tax & Accounting Fixed Assets?

Ease in use and the ability to add information that will benefit others in the future to identify products on the floor. Review collected by and hosted on G2.com.

What do you dislike about Bloomberg Tax & Accounting Fixed Assets?

We use the web based product of fixed assets. There are some things that the desktop version has that the web based product does not and vice versa. Review collected by and hosted on G2.com.

What problems is Bloomberg Tax & Accounting Fixed Assets solving and how is that benefiting you?

Being able to accomplish the company objective. Review collected by and hosted on G2.com.

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Verified User in Plastics
UP
Mid-Market(51-1000 emp.)
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Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Bloomberg Tax & Accounting Fixed Assets?

BNA provides an easy to use sub-ledger for our AS400 system. It provides us with easy to download and use tax documents. Review collected by and hosted on G2.com.

What do you dislike about Bloomberg Tax & Accounting Fixed Assets?

Until you get use to working with BNA, some aspects are not intuitively obvious. Review collected by and hosted on G2.com.

What problems is Bloomberg Tax & Accounting Fixed Assets solving and how is that benefiting you?

We use BNA primarily for controlling out fleet assets, both owned and leased. Review collected by and hosted on G2.com.

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Verified User in Broadcast Media
UB
Mid-Market(51-1000 emp.)
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Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Bloomberg Tax & Accounting Fixed Assets?

User friendly, easy to navigate, accuracy, reliability. Ability to re-produce reports from prior month and/or years. Covers all methods of depreciation. Customer service is always friendly and helpful. Annual updates. Review collected by and hosted on G2.com.

What do you dislike about Bloomberg Tax & Accounting Fixed Assets?

Difficulty of transferring assets from entity to another Review collected by and hosted on G2.com.

Recommendations to others considering Bloomberg Tax & Accounting Fixed Assets:

Definitely should be on your list of software to consider Review collected by and hosted on G2.com.

What problems is Bloomberg Tax & Accounting Fixed Assets solving and how is that benefiting you?

Solving monthly depreciation. Realizing timely and accurate postings. Review collected by and hosted on G2.com.

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Verified User in Law Practice
AL
Mid-Market(51-1000 emp.)
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Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Bloomberg Tax & Accounting Fixed Assets?

We like the ease of installation and maintenance of this program. We upgrade once per year, which always goes smoothly. This is a "no frills" application, which is much appreciated. Review collected by and hosted on G2.com.

What do you dislike about Bloomberg Tax & Accounting Fixed Assets?

There can be issues with reports from year to year. Typically this is due to a change in the program, but their documentation is somewhat lacking, so we end up needing to contact their support department. Review collected by and hosted on G2.com.

What problems is Bloomberg Tax & Accounting Fixed Assets solving and how is that benefiting you?

Tracking fixed assets is a must, and our current management systems did not do this efficiently. BNA Fixed Assets solved this for us. Review collected by and hosted on G2.com.

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Tim G.
TG
Senior Tax Accountant
Accounting
Enterprise(> 1000 emp.)
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Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Bloomberg Tax & Accounting Fixed Assets?

BNA has a good web interface that makes it easy to use company wide Review collected by and hosted on G2.com.

What do you dislike about Bloomberg Tax & Accounting Fixed Assets?

The software has quirks. They don't make it unusable, but if you don't track them down they can mess things up. Review collected by and hosted on G2.com.

Recommendations to others considering Bloomberg Tax & Accounting Fixed Assets:

I figured I'd review this software while I was looking at Sage Fixed Assets. I moved companies, and my new firm used this product instead of Sage. It does get the job done, and the web interface is great for what we're doing, since the fixed assets are tracked over multiple departments. However, at least for us in tax, it has some odd quirks.

The biggest issue we have is that the reports we print out don't always show the information like we'd expect. For example, I recently printed off a 4797, and the totals didn't add up. We quickly figured out the problem, so it wasn't a huge issue, but it was just...odd.

Also, since this is a web program, adjusting fixed assets can be a bit more cumbersome than if you'd use a dedicated piece of software. There's a few more steps to make changes that are quick drop down items on Sage Fixed Assets. It's not necessarily a negative, since it makes up for the issue in other regards, but it does come down to personal taste, and importance of having software that you can access over the web. Review collected by and hosted on G2.com.

What problems is Bloomberg Tax & Accounting Fixed Assets solving and how is that benefiting you?

Tracking company fixed assets. Review collected by and hosted on G2.com.

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Bloomberg Tax & Accounting Fixed Assets Categories on G2
Corporate Tax
Corporate Tax

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