Rating
4.2
31 reviews
Categories
2
Employees
60
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.
Ad spend / mo
$12K
65 paid keywords
Paid visits / mo
1,090
Organic keywords
80,701
Organic visits / mo
53,677
Authority
47
16,396 ref domains
Creatives run
100
as Bloomberg Industry Group, Inc.
Active now
25
last 14 days
Advertising since
Apr 2024
2+ yrs running
Last seen
today
still active
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(31 reviews)
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.
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.
Heidi L. · Senior Accountant · Real Estate · September 11, 2023
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.
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.
| Category | Page | Rank | Placement |
|---|---|---|---|
| Fixed Asset Management | 1 | 2 | Ad |
Domain confidence 95%
| Keyword they bid on | CPC | Pos | % budget | Landing page |
|---|
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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.
Steven L. · BSA · Chemicals · September 9, 2023
Great!
Pros: The dataview feature allows me to make changes and rerun the numbers without having to create a whole new report - updates in real time!
Cons: Sometimes it is hard to change certain asset fields.
jennifer d. · Tax manager · Wholesale · September 8, 2023
Splitting assets, repairs , bonus depreciation
Pros: Utilizing the importing feature and relying on the tax update functionality led to a better department.
Cons: Cost is sometimes a constraint for senior management as a bolt on to our existing ERP platform.
Robert S. · Director Tax · Wholesale · September 7, 2023
Easy to use
Pros: Ease of use allows easy cross training of other users.
Cons: Since BNA has gone to a CLOUD based product the price has increased exponetially making it a hardsell to manage,ment.
Paul S. · Credit Manager · Accounting · September 7, 2023
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.
Mark S. · Senior Accountant · Apparel & Fashion · August 17, 2021
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.
Meredith M. · VP Tax · Chemicals · August 17, 2021
I've been using this product for over 9 years and it's been great for me and our company.
Pros: This product is easy to use and manage your fixed assets including depreciation and tax rules. Web-based software is great.
Cons: No negative feedback on this product. Does exactly what I need it to do.
John D. · CFO · Construction · August 17, 2021
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.
Joy K. · Disbursement accountant · Transportation/Trucking/Railroad · December 15, 2018
Overall it was a very difficult software to use, and we switched once our accounting software released their solution .
Pros: It kept track of all of our fixed assets in one place.
Cons: 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.
Amanda G. · Senior Accountant · Financial Services · December 4, 2018
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
Anonymous User · Accountant · Real Estate · October 3, 2018
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.
Lynne H. · Consultant · Real Estate · May 15, 2018
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.
Anonymous User · Portfolio Management Associate · Investment Management · May 7, 2018
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
MITCHELL H. · Vice President Wealth and Trust · March 21, 2018
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.
Bob B. · Solution Consultant · Computer Software · March 11, 2018
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.
Ian S. · Senior Tax Accountant · Computer Software · February 6, 2018
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.
Rachel K. · Assistant Controller · Philanthropy · January 9, 2018
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.
Kelly L. · Finance · Transportation/Trucking/Railroad · October 19, 2017
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.
Laura K. · Controller · Electrical/Electronic Manufacturing · October 19, 2017
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
Marcia S. · Manager · July 19, 2017
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.
Mike S. · Tax Manager · Consumer Goods · March 31, 2017
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
Jerry S. · Senior Tax Analyst · Pharmaceuticals · March 30, 2017
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
Jennifer S. · Sr. Tax Mgr · Accounting · March 30, 2017
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.
Chris S. · Senior Revenue Accountant · Hospital & Health Care · March 30, 2017
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
Marcia S. · Tax Manager · March 30, 2017
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