Bloomberg Tax Fixed Assets

3 Reviews 1.5/5

A fixed asset management software featuring strong reporting capabilities.

Product Overview

Bloomberg Tax and Accounting Fixed Assets software delivers consolidation and reporting capabilities. It manages the entire lifecycle of fixed assets, from acquisition to retirement. The platform is easy to use, with timely updates to tax changes. It simplifies user training by streamlining the process of classifying and handling various asset types. BNA software also offers granular control over asset depreciation.


  • Consolidation and reporting capabilities
  • Asset type method simplifies user training
  • Granular control over asset depreciation


  • "Switch View" features needs a larger data selection
  • Customization limitations in the "Add Asset" window
  • Costly for those with many assets but few transactions

Target Market

Tax and accounting professionals managing fixed assets and depreciation.

About Bloomberg Tax & Accounting Fixed Assets

Bloomberg Tax & Accounting Fixed Assets software by BNA Software handles data entry, management, and reporting. This software is distinguished by its Open Timeline feature, which provides flexibility and control. It allows users to create reports and access historical information for any asset whenever needed.

Bloomberg Tax & Accounting Fixed Assets

Bloomberg Tax & Accounting Fixed Assets offers a comprehensive management solution for fixed assets, suitable for organizations of any size and complexity. It is a cloud-based system that ensures secure and accessible asset management across multiple locations.

  • Scalability: Handles a wide range of asset quantities, from 5,000 to over a million, with high processing speed.
  • Accessibility: Secure access to asset data from any location with internet connectivity.
  • Security: Advanced security measures and automatic data backup.
  • Compliance: Supports various accounting standards, including GAAP, Federal Tax, AMT, ACE, E&P, and customizable user-defined books.
  • User Assistance: Provides wizards for routine or sporadic asset maintenance tasks.
  • Maintenance-Free: No need for installation or updates; the application is continuously updated.
  • Open Timeline: Unique feature for printing, viewing, and editing asset data at any moment.
  • Efficient Reporting: Remote report processing for quick turnaround and selecting over 20 predefined reports, including tax forms, with custom reporting options.

Bloomberg Tax and Fixed Assets is a scalable software for various organizational sizes and complexities, allowing for asset management across multiple locations.

  • Scalable Processing: Capable of handling between 5,000 to over a million assets with high-speed processing.
  • Global Accessibility: Access to asset data is available anywhere with an internet connection, ensuring secure and flexible management.
  • Advanced Security: Includes state-of-the-art security features and automatic data backup.
  • Compliance Support: Compatible with multiple accounting standards such as GAAP, Federal Tax, AMT, ACE, E&P, and allows for up to 99 custom-defined books.
  • User-Friendly Tools: Offers wizards for regular and occasional asset maintenance tasks.
  • Maintenance-Free Operation: No installation or updates required; the application is always up-to-date.
  • Open Timeline Feature: Allows printing, viewing, and modifying asset data anytime.
  • Efficient Report Processing: Enables remote report processing for efficient production and delivery.
  • Comprehensive Reporting: Over 20 predefined reports, including five tax forms, and the ability for custom report creation.
  • Added Feature: The new Fixed Assets Report Writer module integrates with Crystal Reports systems for enhanced report control and flexibility.

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User Reviews of Bloomberg Tax & Accounting Fixed Assets

Submitted on September 9th, 2019 by Anonymous

The price break of the software simply makes it unaffordable. They took the software to a online version and increased the price 20X. That is not reasonable. We will be looking elsewhere.

The Good…

Previously it had easy to use reports. Can’t say the same for this new garbage

The Bad…

Price is ridiculous.

Submitted on October 15th, 2018 by Anonymous

This product is a terrible follow up to the desktop version. It is difficult to use, counterintuitive in how you want to search and even edit assets. Everything is within multiple menus and does not lend itself well to editing large amounts of data. The company needs to not force its customers onto an “online solution”. We literally don’t want this, please leave as a desktop version.

The Good…

The desktop version is great. I don’t like anything about the online version.

The Bad…

How difficult it is to edit assets. How difficult it was to transfer in all the assets from the desktop version. The whole way BNA is not selling desktop versions anymore. It’s all one big pay to play cash grab, they charge based on the number of assets a company has. Apparently nobody on the support lines knows anything.

Submitted on June 14th, 2018 by Anonymous

Switch to the web based platform from a local install and the solution has multiple bugs in the depreciation portion.