--- description: Review of Bloomberg Tax Fixed Assets Software: system overview, features, price and cost information. Get free demos and compare to similar programs. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: Bloomberg Tax Fixed Assets | Reviews, Pricing & Demos - SoftwareAdvice GB --- Breadcrumb: [Home](/) > [Fixed Asset Accounting Software](/directory/269/fixed-asset-accounting-software/software) > [Bloomberg Tax Fixed Assets](/software/420617/bna-fixed-assets) # Bloomberg Tax Fixed Assets Canonical: https://www.softwareadvice.co.uk/software/420617/bna-fixed-assets Page: 1 / 3\ Next: [Next page](https://www.softwareadvice.co.uk/software/420617/bna-fixed-assets?page=2) > Bloomberg Tax Fixed Assets is a cloud-based solution that ensures precise, compliant depreciation while reducing complexity, driving tax savings, and empowering tax and accounting professionals to turn asset data into strategic advantage. With ever-evolving tax and GAAP regulations, the software automates federal and state tax law updates, including complex states. Manage the full asset lifecycles from acquisition to retirement, model out bonus depreciation scenarios, and accelerate workflows through automation so you can transform asset management into a driver of accuracy, efficiency, and tax optimization. Bloomberg Tax Fixed Assets provides: • Out-of-the-box compliance, with built-in tax code and validation, enforces federal tax regulations and GAAP rules, with automatic updates to keep up with tax laws change. • Audit trail and tracking provides full visibility and control of your fixed assets data. 'Open Timeline' keeps a thorough and secure historical record of any changes. • Comprehensive reporting eliminates time consuming manual consolidation across companies, divisions, and locations, and reduces closing time. • Full suite of standard and custom reports, including fileable tax forms and supporting worksheets. • Integration with accounting and tax compliance systems removes the need for manual data entry and manipulation to keep your fixed assets data synchronized, up to date, and accurate for all companies and entities. > > Verdict: Rated **4.2/5** by 31 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.2/5** | 31 Reviews | | Ease of Use | 4.1/5 | Based on overall reviews | | Customer Support | 4.0/5 | Based on overall reviews | | Value for Money | 4.0/5 | Based on overall reviews | | Features | 4.1/5 | Based on overall reviews | | Recommendation percentage | 80% | (8/10 Likelihood to recommend) | ## About the vendor - **Company**: Bloomberg Industry Group - **Location**: Arlington, US - **Founded**: 1929 ## Commercial Context - **Pricing Details**: Contact Bloomberg Tax for pricing information or to receive a demo, visit us at pro.bloombergtax.com/products/fixed-assets/ - **Target Audience**: 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based, Mac (Desktop), Windows (Desktop) - **Supported Languages**: English - **Available Countries**: United States ## Features - API - Access Controls/Permissions - Accounting - Alerts/Notifications - Approval Process Control - Asset Accounting - Asset Lifecycle Management - Asset Tracking - Audit Management - Audit Trail - Bank Reconciliation - Client Management - Compliance Management - Cost Tracking - Customisable Reports - Customisable Templates - Customizable Fields - Data Import/Export - Depreciation Management - Disposal Management ## Integrations (2 total) - Bloomberg Tax Workpapers - Microsoft Excel ## Support Options - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support ## Category - [Fixed Asset Accounting Software](https://www.softwareadvice.co.uk/directory/269/fixed-asset-accounting-software/software) ## Related Categories - [Fixed Asset Accounting Software](https://www.softwareadvice.co.uk/directory/269/fixed-asset-accounting-software/software) - [Accounting Software for Consultants](https://www.softwareadvice.co.uk/directory/3705/consultant/software) - [Enterprise Accounting Software](https://www.softwareadvice.co.uk/directory/4001/enterprise/software) - [Tax Preparation Software](https://www.softwareadvice.co.uk/directory/4497/tax-preparation/software) ## Alternatives 1. [Sage Intacct](https://www.softwareadvice.co.uk/software/1710/sage-intacct) — 4.3/5 (680 reviews) 2. [Xledger](https://www.softwareadvice.co.uk/software/3855/xledger) — 4.5/5 (12 reviews) 3. [Tipalti](https://www.softwareadvice.co.uk/software/356595/tipalti) — 4.6/5 (174 reviews) 4. [Plus & Minus](https://www.softwareadvice.co.uk/software/322400/plus-and-minus) — 4.9/5 (15 reviews) 5. [AccuFund Accounting Suite](https://www.softwareadvice.co.uk/software/1756/accufund-nonprofit) — 4.3/5 (44 reviews) ## Reviews ### "Accounting for Fixed Assets" — 4.0/5 > **Joy** | *15 December 2018* | Transportation/Trucking/Railroad | Recommendation rating: 10.0/10 > > **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. > > 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 . ----- ### "BNA Fixed Assets Review" — 4.0/5 > **Tara** | *30 March 2017* | Recommendation rating: 8.0/10 > > **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) > > 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. ----- ### "Very Easy to use; good service, expensive pricing model; weak reporting" — 3.0/5 > **Greg** | *15 October 2016* | Hospitality | Recommendation rating: 7.0/10 > > **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. > > 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. ----- ### "Good Software But Pricey" — 5.0/5 > **Steven** | *9 September 2023* | Chemicals | Recommendation rating: 5.0/10 > > **Pros**: Good user interface and strong functionality. The reporting tools provide easy export to Excel, but lack in connectivity to other tools, such as PowerBI. The ability to manage multiple companies in a single web application is great, as is the ability to manage multiple capital projects and convert compelted projects into assets. Asset disposal is similarly easy, and they give you plenty of ability to tailor asset depreciation to accomodate any mistakes you may have in your asset history. > > **Cons**: The biggest issue with Bloomberg is pricing based on number of assets. In an age when storage is dirt cheap, there's no excuse for arbitrary levels of pricing based on number of assets. If you have existing assets, expect to have to lose history or pay through the nose to store fully depreciated assets just to bring their records over. The other major limitation is that while reporting to Excel is terrific, reporting to other tools such as BI is non-existent. Bloomberg really needs to add support for connections to other reporting tools. > > My overall experience has been positive. The software is easy to use, fairly easy to import into and easy to fix asset depreciation histories when needed to keep aligned with that was booked, when what was booked was wrong. Not every program provides the granular level of control Bloomberg does. If only their pricing model wasn't so punitive and they supported external reporting tools, it would be outstanding. ----- ### "Accurate and Efficient" — 5.0/5 > **Heidi** | *11 September 2023* | Real Estate | Recommendation rating: 10.0/10 > > **Pros**: The ability to consolidate companies and change reporting structures and report organization using even basic reports is a huge timesaver, and is appreciated by management, who can request ad hoc reports organized as they like. > > **Cons**: In some areas such as "Switch View" the date selection could be larger to make it easier to quickly switch between months and years. > > Bloomberg Fixed Assets is fast, easy to navigate, and most importantly, correct. Upgrading to the online program has been a huge timesaver for us, and has saved us large amounts of time, especially in tax season. ----- Page: 1 / 3\ Next: [Next page](https://www.softwareadvice.co.uk/software/420617/bna-fixed-assets?page=2) ## Links - [View on SoftwareAdvice](https://www.softwareadvice.co.uk/software/420617/bna-fixed-assets) ## This page is available in the following languages | Locale | URL | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | ----- ## Structured Data