Bloomberg Tax Fixed Assets Reviews

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.

In some areas such as "Switch View" the date selection could be larger to make it easier to quickly switch between months and years.

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.

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.

The dataview feature allows me to make changes and rerun the numbers without having to create a whole new report - updates in real time!

Sometimes it is hard to change certain asset fields.

Ease of use allows easy cross training of other users.

Since BNA has gone to a CLOUD based product the price has increased exponetially making it a hardsell to manage,ment.

Utilizing the importing feature and relying on the tax update functionality led to a better department.

Cost is sometimes a constraint for senior management as a bolt on to our existing ERP platform.

This product is easy to use and manage your fixed assets including depreciation and tax rules. Web-based software is great.

No negative feedback on this product. Does exactly what I need it to do.

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.

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

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.

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.

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.

It is complicated and it is difficult for users to adjust the depreciation rates or add anything to it.

It kept track of all of our fixed assets in one place.

It was a very difficult staff to use. In the year I had the software I never fully understood how to use it. I wasn't ever sure on how to add things in there or adjust depreciation schedules.

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

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

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

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.

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.

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.

Easy to navigate, the terms are not written in to high a level for broad access in the organization.

Very robust with great depth and breadth of information - takes a little time to successfully navigate

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

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

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.

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

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.

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

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.

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

user friendly and easy to get reports

help index is confusing and hard to find answers

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

Consolidated Reporting1q

No pros were added to this review

No cons were added to this review

Reporting functionality, versatility.

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

Easy to train new, non-tax technical personnel on

The way that the reports export to Excel

Ability to search within each field on the asset view.

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...

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The asset type method makes training users very easy

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.