Fixed Assets Pricing, Features, Reviews & Alternatives

Fixed Assets

Fixed assets & depreciation management software

4.0/5 (23 reviews)

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Fixed Assets overview

What is Fixed Assets?

Fixed Assets is a cloud-based software offered by Bloomberg Tax & Accounting that helps to automate and manage the entire fixed asset life cycle, from construction to disposal. The fixed assets software tracks and manages fixed assets, depreciation calculations, compliance with policies & regulations and accounting details.

Fixed Assets enables tax and accounting professionals in companies of any size to gain a solid foundation for all fixed assets and depreciation management. 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.

The software provides:

• Out-of-the-box compliance, with built-in tax code and validation, enforces federal tax regulations and GAAP rules, with automatic updates whenever tax laws change.

• Audit trail provides full visibility and control of your fixed asset data. Open Timeline™ (a Bloomberg Tax exclusive) keeps a thorough and secure historical record of all changes.

• Comprehensive reporting eliminates time consuming manual consolidation across companies, divisions, and locations, and reduces closing time. Plus, Fixed Assets software comes with a 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.

• File attachments added to asset records
provide audit support and aid in making asset
disposition decisions.
pro.bloombergtax.com

Pricing

Pricing options
Free trial
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Australia, Canada, United Kingdom

Supported languages

English
Fixed Assets screenshotBloomberg Tax & Accounting Fixed AssetsFixed Assets screenshotFixed Assets screenshotFixed Assets screenshotFixed Assets screenshot

Fixed Assets user reviews

Value for money
Features
Ease of use
Customer support
  3.9
  4.0
  3.9
  3.9
MITCHELL H.

Business data for risk evaluation

Used occasionally for 2+ years
Reviewed 2018-03-21
Review Source: Capterra

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Tara H.

BNA Fixed Assets Review

Used monthly for 2+ years
Reviewed 2017-03-30
Review Source: Capterra

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)

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Greg M.

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

Used daily for 1-2 years
Reviewed 2016-10-15
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 7/10

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Joy K.

Accounting for Fixed Assets

Used daily for 6-12 months
Reviewed 2018-12-15
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Yardley M.

Novo Nordisk Inc BNA Fixed Assets Review

Used monthly for 2+ years
Reviewed 2017-03-30
Review Source: Capterra

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 6/10

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Fixed Assets pricing

Pricing options
Free trial
Subscription
View Pricing Plans

Contact Bloomberg Tax & Accounting for pricing information or a quote.

Fixed Assets features

API
Alerts/Notifications
Compliance Management
Data Import/Export
Document Management
Status Tracking
Third Party Integrations

Access Controls/Permissions (718 other apps)
Activity Dashboard (945 other apps)
Activity Tracking (611 other apps)
Billing & Invoicing (595 other apps)
Customizable Reports (676 other apps)
Inventory Management (873 other apps)
Mobile Access (802 other apps)
Real Time Data (607 other apps)
Reporting & Statistics (951 other apps)
Reporting/Analytics (1110 other apps)
Search/Filter (664 other apps)
Task Management (586 other apps)
Workflow Management (766 other apps)

Videos and tutorials

Additional information for Fixed Assets

Benefits

• Fixed Assets is a fixed asset and depreciation management software that helps to automate and manage the complete lifecycle of fixed assets such as buildings, office equipment and others.

• The software helps to increase accuracy and efficiency with built-in tax codes and validation methods as well as provides greater control and visibility of fixed asset data.

• The tool automates the calculation of fixed asset depreciation and reduces errors using built-in templates and standardized depreciation policies as well as provides compliance with GAAP rules and tax codes.

• The product integrates with third-party accounting, ERP and tax compliance systems, thereby helping users in efficient data import/export and in staying up-to-date on all relevant rules and regulations.

• Fixed Assets provides audit support and aids in making decisions regarding asset disposition in addition to offering ‘expert wizard’ features to reduce and fix errors.