Fixed Assets Software

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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 • Effo...
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Fixed Assets User Reviews

OVERALL RATING

SECONDARY RATINGS

Ease-of-use

4

Value for money

4

Customer support

4

Functionality

4

Showing 1 - 5 of 26 reviews

Meredith

POET

Verified reviewer

Company size: 1,001-5,000 employees

Industry: Chemicals

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered

Ease-of-use

5

Value for money

5

Customer support

4

Functionality

5

Reviewed August 2021

Couldn't Do Without It

We couldn't have restructured our company without BNA. BNA allows us to track partnership step-ups and create multiple groups without creating new instances of a company.

Pros

The software is easy to use but more importantly, it is flexible. It lets us change our minds about depreciation methods, combine different entities and forecasts depreciation out the entire life of the project. The data tools allow you to download key data points for any group of entities and analyze them without running additional reports.

Cons

The help feature search tool isn't robust so you really need to know where to look in the user guide with questions. Having someone on the team be an expert is important.

Reasons for choosing Fixed Assets

Cost, ease of use and ability to maintain our own data

Reasons for switching to Fixed Assets

Needed a more robust tool that allowed us to combine entities

Tara

Allegheny Wood Products, Inc.

Verified reviewer

Company size: 51-200 employees

Time used: More than 2 years

Review Source: Capterra

Ease-of-use

4

Value for money

3

Customer support

4

Functionality

2

Reviewed March 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

Pinnacle Entertainment

Verified reviewer

Company size: 10,000+ employees

Industry: Hospitality

Time used: Less than 2 years

Review Source: Capterra

Ease-of-use

5

Value for money

3

Customer support

4

Functionality

3

Reviewed October 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.

Mark

LaCrosse Footwear

Verified reviewer

Company size: 201-500 employees

Industry: Apparel & Fashion

Time used: Less than 12 months

Review Source: Capterra

This review was submitted organically. No incentive was offered

Ease-of-use

5

Value for money

5

Customer support

5

Functionality

4

Reviewed August 2021

BNA - Fixed Assets Essential Edition

The migration from our desktop to cloud version was smooth and easy from our end. The functionality and reporting capability meets and in some cases exceeds the needs we have.

Pros

The ease of use is great. The site moves quickly and the excel add-on (dataview) is a great feature for building out custom reporting.

Cons

Setting up users and giving permissions to different areas is not intuitive.

Reasons for choosing Fixed Assets

BNA was a product we were already familiar with. The pricing was competitive and the customer support we were given during our decision stage (and since implementation too) made the decision for us. Being able to track CIP and build out custom excel reporting also was factored into the decision.

User Profile

Joy

Bolloré Transport & Logistics

Verified reviewer

Company size: 5,001-10,000 employees

Industry: Transportation/Trucking/Railroad

Time used: Less than 12 months

Review Source: Capterra

This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

Ease-of-use

5

Value for money

5

Customer support

5

Functionality

5

Reviewed December 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.

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