Last Updated
Overview
Bloomberg Tax & Accounting Fixed Assets software empowers businesses to effectively manage their fixed assets, optimize depreciation calculations, ensure compliance, and make better informed financial decisions. Experience the unique and transformative capabilities of Bloomberg Fixed Assets software and take control of your fixed asset management and more like never before.
Overall Rating
Based on 48 users reviews
4.1
Rating Distribution
Positive
83%
Neutral
17%
Negative
0%
Starting Price
Custom
Bloomberg Tax Fixed Assets Specifications
- Financial Reporting
- Invoice Management
- Expense Tracking
- Tax Management
What Is Bloomberg Tax Fixed Assets?
Overview
Bloomberg Tax & Accounting Fixed Assets software is a cloud-based solution that enables businesses to efficiently manage the lifecycle of their fixed assets. Automated processes, compliance enforcement, streamlined management and comprehensive reporting provide the tools needed for informed decision-making and ensuring compliance with tax and GAAP regulations.
Bloomberg Tax Fixed Assets Pricing
Bloomberg Tax Fixed Assets Integrations
Some of the integrations with third-party applications include:
- SAP (S4/HANA)
- Oracle netsuite cloud
- Microsoft dynamics
- Workday
- Peoplesoft
- Costpoint
- Infor M3
- JD edwards
- Microsoft Excel
Who Is Bloomberg Tax Fixed Assets For?
Fixed Assets software is utilized by businesses across various industries, including:
- Real-estate
- Computer software
- Accounting
- Hospital & healthcare
- Financial services
- Investment management
Is Bloomberg Tax Fixed Assets Right For You?
Bloomberg Tax & Accounting Fixed Assets offers complete control over every aspect of fixed assets and the solution is designed to grow with organizations, accommodating evolving financial needs. By choosing fixed assets software, you can rely on a reliable and comprehensive solution that empowers your business with the tools and flexibility needed for effective fixed asset management.
Still not sure about Bloomberg Tax Fixed Assets? For further information, contact our experts on (661) 384-7070 to help you make the best decision.
Bloomberg Tax Fixed Assets Features
Asset Lifecycle Management
The software provides end-to-end asset lifecycle management, from construction or purchase to retirement. It allows users to track and manage assets throughout their lifespan, including acquisition, depreciation, maintenance, and disposal.
Audit Trail
This feature helps ensure transparency and accountability by recording and tracking changes made to asset data, providing a reliable history for audits and compliance purposes.
Document Management
Document management helps store and organize asset-related documents in a centralized system. It helps ensure easy access to supporting documentation, such as purchase invoices, maintenance records, and disposal certificates.
Inventory Tracking
Inventory tracking helps users track quantities, locations, and movement of assets, facilitating efficient inventory management and reducing the risk of loss or misplacement.
Tax Management
The software automates tax management processes, including tax depreciation calculations and compliance with tax regulations, ensuring accurate and up-to-date tax calculations, simplifying tax reporting, and reducing the risk of errors or non-compliance.
Pros And Cons of Bloomberg Tax Fixed Assets
Pros
Easy to use
Good service
Easy to navigate
Good user interface
Cons
Weak reporting
Slightly expensive
Bloomberg Tax Fixed Assets Reviews
Total 48 reviews
4.1
All reviews are from verified customers
Rating Distribution
5
Stars33%
4
Stars50%
3
Stars15%
2
Stars2%
1
Stars0%
Share your experience
Wholesale, 500+ employees
More than a year
“Fixed Assets Made Easier”
Pros
Using the importing feature and relying on the tax update functionality improved my department.
Cons
Cost is sometimes a constraint for my senior management when adding it to our existing ERP platform.
Rating Distribution
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Wholesale, 500+ employees
More than a year
“Love this for Tax Depreciation”
Pros
The dataview feature allows me to make changes and rerun numbers without creating a whole new report updates happen in real time!
Cons
Sometimes, I find it hard to change certain asset fields.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
7
Functionality
10
Chemicals, 101-500 employees
More than a year
“Good Software But Pricey”
Pros
I enjoy the good interface and strong functionality. The reporting tools make it easy to export to Excel, but connectivity to other tools like PowerBI is lacking. Managing multiple companies in one web application is great, as is managing multiple capital projects and converting completed ones into assets. Asset disposal is also easy, and I appreciate the flexibility in tailoring asset depreciation to correct any mistakes in asset history.
Cons
My biggest issue with Bloomberg is the pricing based on the number of assets. In an era when storage is dirt cheap, there's no excuse for arbitrary pricing levels based on asset count. If I have existing assets, I either lose history or pay through the nose to store fully depreciated assets just to transfer their records. Another major limitation is that while Excel reporting is terrific, reporting to other tools like BI is non-existent. Bloomberg really needs to add support for connections to other reporting tools.
Rating Distribution
Ease of use
8
Value for money
5
Customer Support
8
Functionality
10
Frequently Asked Questions
What types of pricing plans does Bloomberg Tax Fixed Assets offer?
Bloomberg Tax Fixed Asset offers a subscription model with a free trial available. To fully understand the Fixed Assets cost, contact its representatives.
Does Bloomberg Tax Fixed Assets offer an API?
No, Bloomberg Tax Fixed Assets does not provide an API.
What language does Bloomberg Tax Fixed Assets support?
Bloomberg Tax Fixed Assets supports the English language.
What other apps does Bloomberg Tax Fixed Assets integrate with?
Some integrations with third-party applications include Sap (s4/hana), Oracle netsuite cloud, Microsoft dynamics, Workday, Peoplesoft, Costpoint, Infor M3, JD edwards and Microsoft Excel.
Does Bloomberg Tax Fixed Assets support mobile devices?
No, Bloomberg Tax Fixed Assets does not support mobile devices.
Who are the typical users of Bloomberg Tax Fixed Assets?
Bloomberg tax fixed assets software's primary users include large enterprises, mid-size businesses, non-profit organizations, public administrations and small businesses.