BNA Fixed Assets Software


 

Bloomberg Tax Fixed Assets is a cloud-based and on-premise solution. It helps small, midsize and large 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.

It allows users to automate complex calculations such as cost segregation transactions and property regulations. The asset inventory module allows furniture, fixture, IT software and hardware, machinery, equipment and tool tracking. Fixed Assets Construction In Progress module allows users to track and assess the fixed assets in construction. The Fixed Assets Foreign Currency module provides features to manage assets and report in multiple currencies, track and audit exchange rates.

Support is offered via email and over the phone. Other support options include on-site training, online training, live support, blogs and videos.

 

BNA Fixed Assets - Assets
 
  • BNA Fixed Assets - Assets
    Assets
  • BNA Fixed Assets - Reports
    Reports
  • BNA Fixed Assets - Setup
    Setup
  • BNA Fixed Assets - Books
    Books
  • BNA Fixed Assets - Expenses
    Expenses
  • BNA Fixed Assets - Balance
    Balance
Supported Operating System(s):
Web browser (OS agnostic), Windows 10

21 Reviews of BNA Fixed Assets

 

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Software Advice Reviews (6)
More Reviews (15)

Showing 1-6 of 6

Lynne from Lynne M. Hudson, CPA
Specialty: Real Estate
Number of employees: 51-200 employees Employees number: 51-200 employees

May 2018

May 2018

The best fixed asset program that I have found

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Flexible program making it fairly easy to create your own information reports. Handles AMT well. Current with tax laws.

Cons

Need to refresh sporadically to get correct reports and the learning curve was lengthy. I like to work on Sundays and the site is frequently down for maintenance on Sundays.

Review Source
 
 

Bob from Deluxe
Specialty: Software / Technology
Number of employees: 51-200 employees Employees number: 51-200 employees

March 2018

March 2018

Great for managing fixed assets

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Utilizes workflow technology and automation reducing indexing and entry throughout the life cycle of a single location.

Cons

Scanning software for invoices could be better utilized for maximum indexing and automation of incoming invoices.

Review Source
 
 

Ian from Sony Corporation of America
Specialty: Software / Technology
Number of employees: 10,000+ employees Employees number: 10,000+ employees

February 2018

February 2018

BNA Fixed Asset tracker simplifies and cuts down on time

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Pros

I like that it is able to track the fixed assets over time and depreciate them accordingly based on the type of asset class it belonged to and if bonus depreciation is used.

Cons

If you transfer over fixed assets on to the software, it can be a little bit of work in the front end.

Review Source
 
 

Rachel from Chautauqua Institution
Specialty: Non-Profit
Number of employees: 51-200 employees Employees number: 51-200 employees

January 2018

January 2018

Easy to use

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Pros

I like the ease of inputting new assets. You can simply use the tab key to move from field to field and get assets entered quickly.

Cons

The program has small font sizes and sometimes hard to see. The reporting is also a bit confusing once it's printed.

Review Source
 
 

Kelly from TruckMovers
Specialty: Transportation
Number of employees: 501-1,000 employees Employees number: 501-1,000 employees

October 2017

October 2017

Love BNA fixed assets software

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

The software is extremely easy to use. The training and customer service is excellent! I think this is a fantastic choice for fixed assets software!

Cons

My only complaint is that at times the font is too small to see. However, I haven't called customer service regarding this issue. I feel certain that they could help me out with this.

Review Source
 
 

Laura from Schupan
Specialty: Manufacturing
Number of employees: 501-1,000 employees Employees number: 501-1,000 employees

October 2017

October 2017

BNA Software Review

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Pros

The software is user friendly and takes no time to figure out. We were able to easily enter an asset into the system without any issues.

Cons

The reports are somewhat difficult to customize and we had trouble getting them to be in a format that we wanted.

Review Source
 
 
 
Showing 1-15 of 15


October 2018

October 2018

BNA Fixed Assets

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I have no other depreciation software to compare it to but it works for what I need it to.

Pros

I like how easy it is to set up an asset and the asset wizard.

Cons

I wish there were more customization reports. I can't always make the reports how I want them to look

Review Source: Capterra
 


May 2018

May 2018

The cost and capability of Factset is better.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Our Bloomberg terminals were easily linked to this tool.

Pros

It syncs well with the rest of Bloomberg which we use for other various parts of our business. The keystrokes are all familiar and the user interface is as well.

Cons

Factset analytics is known to be a superior product and when testing the trials on BNA we realized our fixed income business would benefit greater from Factset.

Review Source: Capterra
 

MITCHELL from Extraco Banks

March 2018

March 2018

Business data for risk evaluation

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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

Review Source: Capterra
 

Marcia from Quanex Building Products

July 2017

July 2017

Easy to use and learn

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Pros

There are different functional currencies.
The ability to save reports in excel, pdf or csv formats.

Cons

Help site is difficult to find answers.
Customer support people are not the friendliest.
No other cons

Review Source: Capterra
 

Mike from Formica Corporation
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

March 2017

March 2017

Great value for the investment

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Overall, the BNA Web fixed asset web product is easy to use and gives me the ability to generate IRS forms, which makes the US tax return process more seemless. The flexibility in reporting is also useful for obtaining both actual and forecast data in a timely manner.

Review Source: Capterra
 

Jerry from Fresenius Kabi USA LLC
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

March 2017

March 2017

Reverse of the last transaction

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Generally, I like using BNA Fixed Assets - it is easy to search for particular assets, there are many options to modify reports. The only big problem I have is that I cannot reverse transactions. For instance, if I import 100 assets and I made an error, I would like to be able to reverse the entire transaction. Each time when I import something I print the transaction report. Each report should have its number, and if I want to go back in the future and reverse the transaction, I should be able to search by the transaction number and reverse it, or at least be able to reverse the last transaction.
Also, it would be great if you could improve reports saved in excel format. Very often cells in reports are combined, many additional rows and columns are added, and it is difficult to format and work with those reports.

Best regards,

Jerry

Review Source: Capterra
 

Jennifer from Intellectual Ventures Mgmt LLC
Number of employees: 201-500 employees Employees number: 201-500 employees

March 2017

March 2017

Bloomberg BNA Fixed Assets - It just works

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

We've been using BNA for over 10 years and it just works. We've been able to track our fixed assets with ease. The rare times we've had a question, the BNA helpdesk has been friendly and responsive.

Pros

Ease of use, great customer service

Cons

Placed in service date

Review Source: Capterra
 

Chris from Post Acute Medical
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

March 2017

March 2017

Ease of Use

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I have been using Bloomberg BNA Fixed Assets for four years. It has helped to streamline our fixed assets accounting process and has also helped tremendously with tax preparation. We recently switched to the BNA Fixed Assets Web version and this has continued to help streamline our operations.

Pros

Reporting functionality, versatility.

Cons

Need to continue to make strides on the BNA Fixed Assets Web. Would like to see better ad-hoc reporting capabilities.

Review Source: Capterra
 

Marcia from Quanex Building Products Corporation
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

March 2017

March 2017

BNA Fixed Assets

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

The software is very user friendly and the reports are easy to manipulate to achieve the results you want. The help index is confusing and I tend to call support if I have questions.

Pros

user friendly and easy to get reports

Cons

help index is confusing and hard to find answers

Review Source: Capterra
 

Rashid from Sterling Bay LLC

March 2017

March 2017

SR Accountant

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I have had a good experience with the software. It was very easy to setup, add assets, make changes mid year, etc. The reporting is great and can easily be modified. The only bad experience I have had was with your customer service team. I would've hoped they were more understanding of our needs and guide us through issues but instead i was referred to the manual to figure it out by myself.

Review Source: Capterra
 

Dawn from The Farmers Bank of Appomattox

March 2017

March 2017

Farmers Bank of Appomattox

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

We have been a BNA desktop customer for many years and recently converted to the BNA web product. The conversion was not as smooth as hoped but we finally got up and running. The primary complaint thus far is the font size used in reports. It is microscopic! We will work with technical support to solve this issue hopefully. Thus far technical support has been very responsive and helpful.

Review Source: Capterra
 

Tara from Allegheny Wood Products, Inc.
Number of employees: 51-200 employees Employees number: 51-200 employees

March 2017

March 2017

BNA Fixed Assets Review

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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)

Advice to Others

The transfer from the desktop version to the web is not a pretty conversion. Once on the new system a lot of time as spent to recreate several reports. We have learned a lot about the system and have adjusted to the differences. I look forward to learning more about the system and the available features and reporting capabilities.

Review Source: Capterra
 

Stephen from Famous Enterprises, Inc.
Number of employees: 501-1,000 employees Employees number: 501-1,000 employees

March 2017

March 2017

Average Product!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Average. We expected an improvement with web vs desktop. Consolidated reporting is very poor. We need consolidated reporting similar to the desktop for our Tax Accountants.

Pros

Can have more than one company open at the same time.

Cons

Consolidated Reporting1q

Review Source: Capterra
 

Yardley from Novo Nordisk Inc.
Number of employees: 10,000+ employees Employees number: 10,000+ employees

March 2017

March 2017

Novo Nordisk Inc BNA Fixed Assets Review

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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

Advice to Others

Please improve Excel export reporting feature - fix columns, cell merging, descriptions going to following line, etc.

Review Source: Capterra
 

Greg from Pinnacle Entertainment
Number of employees: 10,000+ employees Employees number: 10,000+ employees

October 2016

October 2016

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

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

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.

Review Source: Capterra