Help the communities most affected by the California wildfires in only a few minutes. We'll donate $10 for every review you submit.
Bloomberg Tax Fixed Assets

Bloomberg Tax Fixed Assets

3.9
(18)
Optimized for quick response

Bloomberg Tax 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.

Work for Bloomberg Tax Fixed Assets?

Learning about Bloomberg Tax Fixed Assets?

We can help you find the solution that fits you best.

Find the Right Product

Compare Bloomberg Tax Fixed Assets to Similar Solutions

Bloomberg Tax Fixed Assets Reviews

Ask Bloomberg Tax Fixed Assets a Question
Write a Review
Filter Reviews
Filter Reviews
  • Ratings
  • Company Size
  • User Role
  • Industry
Ratings
Company Size
User Role
Industry
Showing 18 Bloomberg Tax Fixed Assets reviews
LinkedIn Connections
Bloomberg Tax Fixed Assets review by Melissa E.
Melissa E.
Validated Reviewer
Verified Current User
Review Source

"Does the job, but not user friendly"

What do you like best?

Custom report creation, simple to enter and track assets on a basic level, and you can define your depreciation schedules based on what your company uses

What do you dislike?

So many options for reports they are almost difficult to use, you can't export the main asset list (have to run a custom report), You can only search for asset ID with the find function, you can't search for descriptions, VIN, names, etc. Two users can't be logged in on different computers.

Recommendations to others considering the product

Larger companies will need a much more advanced fixed asset accounting software

What business problems are you solving with the product? What benefits have you realized?

Simple tool to create reporting figures and provide audit evidence of fixed assets.

Sign in to G2 Crowd to see what your connections have to say about Bloomberg Tax Fixed Assets
Bloomberg Tax Fixed Assets review by Hamadi B.
Hamadi B.
Validated Reviewer
Review Source

"Review BNA Fixed Assets Web"

What do you like best?

The product is best liked for the following characteristics: Ease of use, stability, Accuracy of the calculation and timely and strong product support

What do you dislike?

I would list 2 shortcomings within the product:

1- Tracking and mapping of open issues

2- Flexibility of custom requests

Recommendations to others considering the product

There are few considerations:

1- Is there a one GL System or multiple GL Systems that feed into the Fixed Assets.

2- Relationship between Tax Department and IT Department in charge of the Fixed Assets per Books.

3- Resources available in the Tax Department to manage Fixed Asset System

4- Type of Industry and Complexity of Fixed Assets management within the company

5- Number of users that would need access to the Fixed Assets system

6- Pricing

7- Consider whether to internally host the Fixed Asset solution or have the vendor host it.

What business problems are you solving with the product? What benefits have you realized?

Managing Fixed Assets from multiple ledges, consolidating tax deprecation, running scenarios for tax depreciation, building various company hierarchies for what-if-scenarios.

What Corporate Tax solution do you use?

Thanks for letting us know!
Bloomberg Tax Fixed Assets review by Johnana B.
Johnana B.
Validated Reviewer
Review Source

"BNA FA implementation and maintenance"

What do you like best?

BNA FA is something I implemented last year. I did about 2 hours one on one training with a trainer, who was extremely knowledgeable about the product. Afterwards, I called for one off questions I had and was able to implement and use immediately.

What do you dislike?

Some of the categories are a bit confusing. It just takes some time to get used to the setup.

Recommendations to others considering the product

I've used Oracle and FAS previously for fixed assets. Oracle is very unforgiving and doesn't allow much change. It has been quite a while since I used FAS and don't remember much about the platform. BNA FA allows you to easily change or remove assets to get to your desired product. I am a one person tax department, so I need tools to help me work quickly and efficiently.

What business problems are you solving with the product? What benefits have you realized?

I am able to pull stuff immediately rather than waiting for advisors to provide, which takes weeks. It cuts down the time needed to do modeling for the company.

Bloomberg Tax Fixed Assets review by Administrator in Pharmaceuticals
Administrator in Pharmaceuticals
Validated Reviewer
Verified Current User
Review Source

"Former FAS user"

What do you like best?

1. Ease of running depreciation reports for past or future periods.

2. The ability to create and delete books within a company at will

3. The ability to run projection reports on large amounts of assets

What do you dislike?

1. Form 4562 can only be run on a full year basis

2. The locking and unlocking of companies becomes tedious when you're importing assets and running reports to check if everything is in correctly

3. CIP/Inactive assets can't be filtered out of reports on "All Assets"

Recommendations to others considering the product

1. Eliminate the need to unlock when running reports.

2. Allow for reports/forms to be run over any time period

3. When importing accumulated depreciation do not met the system update the amount. There are options to do this however they do not consistently work. In speaking with tech support they acknowledged this was a known issue but did not know when it would be corrected.

What business problems are you solving with the product? What benefits have you realized?

1. Running depreciation projections for multiple scenarios with multiple books in one company. This is nearly impossible with other vendor's software.

Bloomberg Tax Fixed Assets review by User in Accounting
User in Accounting
Validated Reviewer
Verified Current User
Review Source

"Acceptable Product"

What do you like best?

I like the scalability of the software. It can grow with a company without any problems. It also has the essential feature of being able to calculate and produce depreciation reports for both Tax MACRS depreciation methods, as well as any other standard accrual/book depreciation methods.

What do you dislike?

The functioning of adding or removing assets is cumbersome if you are entering 30 or 40 new assets for an entire year at one time because you have to manually enter each one. This takes up time if you are managing fixed assets for more than one company.

What business problems are you solving with the product? What benefits have you realized?

The problem of client consistency. Most clients would not be able to produce a reliable/accurate fixed assets report if they had to track all assets themselves each year. Businesses don't always keep accurate records and will forget or not provide by mistake information on more than half their assets sometimes.

Bloomberg Tax Fixed Assets review by Sarah W.
Sarah W.
Validated Reviewer
Review Source

"Keep track of your fixed assets"

What do you like best?

I like that this software keeps track of all fixed assets and makes it easier to apply depreciation rules.

What do you dislike?

The software is very slow to load and freezes at times, I have had issues with AMT depreciation as well.

Recommendations to others considering the product

I have tried both Sage fixed assets and BNA fixed assets. I can't say one is astoundingly better than the other. They are both slow at times but ultimately make keeping track of fixed assets easier.

What business problems are you solving with the product? What benefits have you realized?

Problems solved: time wasted trying to keep track of fixed assets and recreating workbooks

Benefits realized:" more accurate depreciation reports

Bloomberg Tax Fixed Assets review by Misty D.
Misty D.
Validated Reviewer
Review Source

"Excellent Product! I recommend highly!"

What do you like best?

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.

What do you dislike?

So far I have zero complaints about this product.

What business problems are you solving with the product? What benefits have you realized?

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!

Bloomberg Tax Fixed Assets review by Tim G.
Tim G.
Validated Reviewer
Review Source

"Quirks"

What do you like best?

BNA has a good web interface that makes it easy to use company wide

What do you dislike?

The software has quirks. They don't make it unusable, but if you don't track them down they can mess things up.

Recommendations to others considering the product

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.

What business problems are you solving with the product? What benefits have you realized?

Tracking company fixed assets.

Bloomberg Tax Fixed Assets review by User in Construction
User in Construction
Validated Reviewer
Review Source

"Great and easy to use."

What do you like best?

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.

What do you dislike?

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.

Recommendations to others considering the product

Highly recommend fixes assets.

What business problems are you solving with the product? What benefits have you realized?

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.

Bloomberg Tax Fixed Assets review by Amanda H.
Amanda H.
Validated Reviewer
Verified Current User
Review Source

"Great Product"

What do you like best?

The user friendliness of the system is great

What do you dislike?

I don't have any dislikes yet, we've only been using the product for a month

What business problems are you solving with the product? What benefits have you realized?

A more efficient way of tracking our capital assets

Bloomberg Tax Fixed Assets review by Administrator in Law Practice
Administrator in Law Practice
Validated Reviewer
Verified Current User
Review Source

"Simple fixed assets management, limited features but very reliable"

What do you like best?

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.

What do you dislike?

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.

What business problems are you solving with the product? What benefits have you realized?

Tracking fixed assets is a must, and our current management systems did not do this efficiently. BNA Fixed Assets solved this for us.

Bloomberg Tax Fixed Assets review by Administrator in Banking
Administrator in Banking
Validated Reviewer
Review Source

"Excellent Fixed Asset Software"

What do you like best?

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 needed to be ran.

What do you dislike?

The only complaint with the software is the way the reports appear when they are exported to excel. I would prefer a slightly cleaner look.

What business problems are you solving with the product? What benefits have you realized?

The software is helpful my is centralize our tax reporting of fixed assets.

Bloomberg Tax Fixed Assets review by User in Broadcast Media
User in Broadcast Media
Validated Reviewer
Verified Current User
Review Source

"BNA Review"

What do you like best?

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.

What do you dislike?

Difficulty of transferring assets from entity to another

Recommendations to others considering the product

Definitely should be on your list of software to consider

What business problems are you solving with the product? What benefits have you realized?

Solving monthly depreciation. Realizing timely and accurate postings.

Bloomberg Tax Fixed Assets review by Paula F.
Paula F.
Validated Reviewer
Review Source

"Utilizing BNA Fixed Assets"

What do you like best?

Web access and ease of use makes this product well worth the money spent.

What do you dislike?

Have not accounted any issues. Currently no dislikes.

What business problems are you solving with the product? What benefits have you realized?

Tracking fixed assets and booking depreciation. Very easy to use.

Bloomberg Tax Fixed Assets review by User in Plastics
User in Plastics
Validated Reviewer
Review Source

"I have always found BNA easy to use and if I have a question their tech support is excellent."

What do you like best?

Ease in use and the ability to add information that will benefit others in the future to identify products on the floor.

What do you dislike?

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.

What business problems are you solving with the product? What benefits have you realized?

Being able to accomplish the company objective.

Bloomberg Tax Fixed Assets review by User in Accounting
User in Accounting
Validated Reviewer
Review Source

"BNA Fixed Assets"

What do you like best?

The user interface is very easy to navigate

What do you dislike?

It is difficult to deal with partial asset dispositions.

Recommendations to others considering the product

You should compare this software to the others in the market such as fixed assets CS and CCH FAS

What business problems are you solving with the product? What benefits have you realized?

Calculating current year and future year depreciation.

Bloomberg Tax Fixed Assets review by User in Plastics
User in Plastics
Validated Reviewer
Review Source

"BNA Subleger"

What do you like best?

BNA provides an easy to use sub-ledger for our AS400 system. It provides us with easy to download and use tax documents.

What do you dislike?

Until you get use to working with BNA, some aspects are not intuitively obvious.

What business problems are you solving with the product? What benefits have you realized?

We use BNA primarily for controlling out fleet assets, both owned and leased.

Bloomberg Tax Fixed Assets review by User in Computer Software
User in Computer Software
Validated Reviewer
Review Source

"Fixed asset management for depreciation purposes"

What do you like best?

All fixed asset records in one database with multiple depreciation lives/methods and reporting

What do you dislike?

redundant input required, not enough on screen explanations of methods/lives

What business problems are you solving with the product? What benefits have you realized?

depreciation reporting for future year, mid-year calculations, book/tax depreciation expense

Learn more about Bloomberg Tax Fixed Assets

Bloomberg Tax Fixed Assets Videos

Kate from G2 Crowd

Learning about Bloomberg Tax Fixed Assets?

I can help.
* We monitor all Bloomberg Tax Fixed Assets reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. Validated reviews require the user to submit a screenshot of the product containing their user ID, in order to verify a user is an actual user of the product.

Compare Bloomberg Tax Fixed Assets to Similar Solutions