Bloomberg Tax Fixed Assets Reviews
49 Review(s)
softwareOverall Rating
4.1
49 Review(s)
Rating Distribution
5
(16)
4
(24)
3
(7)
2
(2)
1
Satisfaction Score
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Overall Rating
4.1
49 Review(s)
Rating Distribution
5
(16)
4
(24)
3
(7)
2
(2)
1
Satisfaction Score
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Filters
Ratings
Provider Size
Time Used
Sort by:
Review
Review
Pros
Its simplicity facilitates cross-training for other users.
Cons
Since BNA moved to a CLOUD-based product, the price has surged, making it a tough sell to management.
Ease of use
10
Value for money
7
Customer Support
10
Functionality
10
Paul
Accounting, 51-100 employees
More than a year
September 2023
Accurate and Efficient
Accurate and Efficient
Pros
I find that consolidating companies and changing reporting structures, even with basic reports, saves a lot of time. Management appreciates that they can request ad hoc reports organized however they like.
Cons
In some areas, like "Switch View," I feel the date selection could be larger, making it simpler to quickly switch between months and years.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
9
Heidi
Real Estate, 51-100 employees
More than a year
September 2023
Good Software But Pricey
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.
Ease of use
8
Value for money
5
Customer Support
8
Functionality
10
Steven
Chemicals, 101-500 employees
More than a year
September 2023
Love this for Tax Depreciation
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.
Ease of use
10
Value for money
10
Customer Support
7
Functionality
10
jennifer
Wholesale, 500+ employees
More than a year
September 2023
Fixed Assets Made Easier
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.
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Robert
Wholesale, 500+ employees
More than a year
September 2023
BNA - Fixed Assets Essential Edition
BNA - Fixed Assets Essential Edition
Pros
I appreciate how easy it is to use. The site moves quickly, and the Excel add-on (dataview) is a great feature for building custom reports.
Cons
Setting up users and giving permissions to different areas is not straightforward.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
8
Mark
Apparel & Fashion, 101-500 employees
Less than a year
August 2021
Couldn't Do Without It
Couldn't Do Without It
Pros
The software is easy to use and, more importantly, flexible. It lets us change depreciation methods, combine entities, and forecast depreciation for the entire project life. The data tools allow me to download key data points for any group of entities and analyze them without running extra reports.
Cons
The help feature search tool isn't robust, so I really need to know where to look in the user guide with questions. Having someone on the team be an expert is important.
Ease of use
10
Value for money
10
Customer Support
9
Functionality
10
Meredith
Chemicals, 500+ employees
More than a year
August 2021
Simple Asset Management Program
Simple Asset Management Program
Pros
This product is user-friendly and manage fixed assets, including depreciation and tax rules. I love that it's web-based.
Cons
I have no negative feedback on this product. It does exactly what I need it to do.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
9
John
Construction, 51-100 employees
More than a year
August 2021
Accounting for Fixed Assets
Accounting for Fixed Assets
Pros
This software streamlines the process of accounting for fixed assets. It allows recording, calculating depreciation, determining gain or loss on disposal, and tracking all fixed assets owned by a company.
Cons
The system is complex and users find it difficult to adjust depreciation rates or add new items.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Joy
Transportation/Trucking/Railroad, 500+ employees
Less than a year
December 2018
Fixed Asset Software
Fixed Asset Software
Pros
It keeps track of all our fixed assets in one place.
Cons
The software was very hard to use. Even after a year, I never fully understood how to operate it. I wasn't sure how to add new items or adjust depreciation schedules.
Ease of use
2
Value for money
3
Customer Support
2
Functionality
3
Amanda
Financial Services, 11-50 employees
Less than a year
December 2018
Accounting for Fixed Assets
Accounting for Fixed Assets
Pros
This software simplifies accounting for fixed assets. I can record, calculate depreciation, determine gain or loss on disposal, and track all fixed assets owned by the company.
Cons
It's complicated, and I find it difficult to adjust the depreciation rates or add anything to it.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Joy
Transportation/Trucking/Railroad, 500+ employees
Less than a year
December 2018
Fixed Asset Software
Fixed Asset Software
Pros
It keeps track of all our fixed assets in one place.
Cons
It was very difficult for me to use. In the year I had the software, I never fully understood how to use it. I wasn't ever sure how to add things or adjust depreciation schedules.
Ease of use
1
Value for money
4
Customer Support
4
Functionality
4
Amanda
Financial Services, 11-50 employees
Less than a year
December 2018
BNA Fixed Assets
BNA Fixed Assets
Pros
Setting up an asset is direct, and the asset wizard is a helpful tool.
Cons
I wish there were more options for customizing reports. I can't always format the reports the way I want.
Ease of use
6
Value for money
2
Customer Support
2
Functionality
6
Anonymous
Not specified, 500+ employees
More than a year
October 2018
BNA Fixed Assets
BNA Fixed Assets
Pros
The asset wizard makes setting up a new asset simple and efficient. The step-by-step process guides me through each necessary detail, ensuring that all relevant information is entered correctly. This not only saves me time but also reduces the likelihood of errors, making the entire setup experience hassle-free.
Cons
I wish there were more customization options for reports. I can't always make the reports look how I want them to.
Ease of use
6
Value for money
3
Customer Support
3
Functionality
6
Anonymous
Not Specified, 500+ employees
More than a year
October 2018
The best fixed asset program that I have found
The best fixed asset program that I have found
Pros
It's a flexible program that makes it relatively easy to create custom information reports. It handles AMT well and is up-to-date with tax laws.
Cons
Occasionally, you need to refresh to get accurate reports, and the learning curve was long. I prefer working on Sundays, but the site is often down for maintenance on those days.
Ease of use
8
Value for money
10
Customer Support
10
Functionality
8
Lynne
Real Estate, 51-100 employees
Less than a year
May 2018
The cost and capability of Factset is better.
The cost and capability of Factset is better.
Pros
It integrates well with the rest of Bloomberg, which we use for various business functions. The keystrokes and interface are familiar.
Cons
Factset analytics is reputed to be a better product, and during trials of BNA, we found that our fixed income business would benefit more from Factset.
Ease of use
8
Value for money
3
Customer Support
8
Functionality
4
Anonymous
Not specified, 500+ employees
Free Trial
May 2018
The best fixed asset program that I have found
The best fixed asset program that I have found
Pros
The program is flexible, making it fairly easy for me to create custom reports. It handles AMT well and stays current with tax laws.
Cons
I 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.
Ease of use
8
Value for money
10
Customer Support
10
Functionality
8
Lynne
Real Estate, 51-100 employees
Less than a year
May 2018
The cost and capability of Factset is better.
The cost and capability of Factset is better.
Pros
It syncs well with the rest of Bloomberg, which we use for other business areas. The keystrokes and interface are familiar.
Cons
Factset analytics is known to be a superior product. When I tested the trials on BNA, I realized our fixed income business would benefit more from Factset.
Ease of use
8
Value for money
3
Customer Support
8
Functionality
5
Anonymous
Not Specified, 500+ employees
Free Trial
May 2018
Business data for risk evaluation
Business data for risk evaluation
Pros
The navigation is simple, and the terms are not overly complex, allowing broad organizational access.
Cons
The software is very comprehensive, offering extensive information, but it takes some time to navigate successfully.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
MITCHELL
Not specified, N/A employees
More than a year
March 2018
Great for managing fixed assets
Great for managing fixed assets
Pros
It uses workflow technology and automation, reducing indexing and data entry throughout the lifecycle of a single location.
Cons
The scanning software for invoices could be improved to optimize indexing and automate incoming invoices.
Ease of use
7
Value for money
8
Customer Support
8
Functionality
7
Bob
Computer Software, 51-100 employees
More than a year
March 2018
Business data for risk evaluation
Business data for risk evaluation
Pros
It's easy to navigate, and the terms are accessible for everyone in the organization.
Cons
The information is very robust with great depth and breadth, but it takes a little time for me to navigate successfully.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
MITCHELL
Not Specified, N/A employees
More than a year
March 2018
Great for managing fixed assets
Great for managing fixed assets
Pros
I like how it utilizes workflow technology and automation, reducing indexing and entry throughout a single location's life cycle.
Cons
I think the scanning software for invoices could be better utilized for maximum indexing and automation of incoming invoices.
Ease of use
7
Value for money
9
Customer Support
9
Functionality
7
Bob
Computer Software, 51-100 employees
More than a year
March 2018
BNA Fixed Asset tracker simplifies and cuts down on time
BNA Fixed Asset tracker simplifies and cuts down on time
Pros
I like that it can track fixed assets over time and depreciate them based on asset class and bonus depreciation usage.
Cons
Transferring fixed assets into the software can require significant upfront effort.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
10
Ian
Computer Software, 500+ employees
Less than a year
February 2018
BNA Fixed Asset tracker simplifies and cuts down on time
BNA Fixed Asset tracker simplifies and cuts down on time
Pros
I admire that it tracks fixed assets over time and depreciates them based on asset class and bonus depreciation.
Cons
If I transfer over fixed assets to the software, it can be a bit of work upfront.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
8
Ian
Computer Software, 500+ employees
Less than a year
February 2018
Easy to use
Easy to use
Pros
Inputting new assets is easy. You can use the tab key to move between fields quickly.
Cons
The program uses small fonts that can be hard to read, and the reporting can be confusing once printed.
Ease of use
8
Value for money
8
Customer Support
7
Functionality
8
Rachel
Philanthropy, 51-100 employees
More than a year
January 2018
Easy to use
Easy to use
Pros
Inputting new assets is easy for me. I can swiftly move from one field to another by simply using the tab key, which significantly speeds up the entire process. This functionality ensures that I can enter assets quickly and efficiently, without getting bogged down by the details.
Cons
The program has small font sizes and is sometimes hard for me to see. The reporting is also a bit confusing once it's printed.
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Rachel
Philanthropy, 51-100 employees
More than a year
January 2018
Love BNA fixed assets software
Love BNA fixed assets software
Pros
The software is very direct. The training and customer service are excellent. I think it's a great choice for fixed assets software.
Cons
My only issue is that sometimes the font is too small to read. I haven't contacted customer service about it yet, but I'm sure they could assist.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Kelly
Transportation/Trucking/Railroad, 500+ employees
Less than a year
October 2017
BNA Software Review
BNA Software Review
Pros
The software is intuitive and easy to learn. We could quickly enter assets into the system without any problems.
Cons
Customizing reports is somewhat difficult, and we struggled to format them the way we wanted.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
10
Laura
Electrical/Electronic Manufacturing, 500+ employees
Less than 6 months
October 2017
Love BNA fixed assets software
Love BNA fixed assets software
Pros
The software is extremely easy to use, and the training and customer service are excellent! I think it's 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 about this issue. I'm certain they could help me out with this.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Kelly
Transportation/Trucking/Railroad, 500+ employees
Less than a year
October 2017
BNA Software Review
BNA Software Review
Pros
The software is intuitive and easy to figure out. We easily entered an asset into the system without any issues.
Cons
I find the reports somewhat difficult to customize, and I've had trouble getting them in the format I want.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
8
Laura
Electrical/Electronic Manufacturing, 500+ employees
Less than 6 months
October 2017
Easy to use and learn
Easy to use and learn
Pros
It supports different functional currencies and allows saving reports in Excel, PDF, or CSV formats.
Cons
The help site is challenging to navigate for answers, and customer support is not very friendly. No other issues.
Ease of use
10
Value for money
10
Customer Support
7
Functionality
10
Marcia
Not specified, N/A employees
More than a year
July 2017
Easy to use and learn
Easy to use and learn
Pros
I value the different functional currencies and the ability to save reports in Excel, PDF, or CSV formats.
Cons
The help site is difficult for me to find answers. Customer support people are not the friendliest. No other cons.
Ease of use
10
Value for money
10
Customer Support
7
Functionality
10
Marcia
Not Specified, N/A employees
More than a year
July 2017
Ease of Use
Ease of Use
Pros
I have used Bloomberg BNA Fixed Assets for four years. It has streamlined our fixed assets accounting process and greatly assisted with tax preparation. We recently switched to the BNA Fixed Assets Web version, which continues to enhance our operations.
Cons
There is a need to make continuous improvements to the BNA Fixed Assets Web, particularly with ad-hoc reporting capabilities.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
8
Chris
Hospital & Health Care, 500+ employees
More than a year
March 2017
BNA Fixed Assets
BNA Fixed Assets
Pros
The software is very intuitive, and the reports are easy to customize to get the desired results. The help index can be confusing, so I usually call support if I have questions.
Cons
The help index is confusing and makes it difficult to find answers.
Ease of use
10
Value for money
10
Customer Support
8
Functionality
10
Marcia
Not specified, 500+ employees
More than a year
March 2017
BNA Fixed Assets Review
BNA Fixed Assets Review
Pros
The capability to search within each field on the asset view.
Cons
Here are a few suggested improvements: Make the order of fields in the Add Asset windows customizable. Add an option to upload documents directly within the Add Asset window when creating an asset instead of editing it later. Include an option to add another asset immediately after completing one. In the Add Asset windows, set the default to override Additional First-Year Depreciation and automatically choose No AFYD on the next screen. Increase the size of the Asset Field List box in Setup to view all data at once. In the Edit asset section, when selecting from the PickList, enlarge the selection area. Include all Favorites (reports and batches) as a filter in the reports section. Enable navigating to the next asset within the Asset Viewer without exiting. In Assets View, add more headers and allow horizontal scrolling.
Ease of use
8
Value for money
7
Customer Support
8
Functionality
4
Tara
Not specified, 51-100 employees
More than a year
March 2017
Average Product!
Average Product!
Pros
Allows multiple companies to be open simultaneously.
Cons
Combined Reporting.
Ease of use
6
Value for money
5
Customer Support
5
Functionality
6
Stephen
Wholesale, 500+ employees
Less than a year
March 2017
Novo Nordisk Inc BNA Fixed Assets Review
Novo Nordisk Inc BNA Fixed Assets Review
Pros
Simple to train new personnel who aren't tax experts.
Cons
The method in which reports are exported to Excel.
Ease of use
5
Value for money
8
Customer Support
10
Functionality
8
Yardley
Pharmaceuticals, 500+ employees
More than a year
March 2017
Great value for the investment
Great value for the investment
Pros
Overall, the BNA Web fixed asset product is easy to use and allows me to generate IRS forms, making the US tax return process more seamless. The flexibility in reporting is also useful for obtaining actual and forecast data quickly.
Cons
It was very difficult software for me to use, and we switched once our accounting software released their solution.
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Mike
Consumer Goods, 500+ employees
More than a year
March 2017
Reverse of the last transaction
Reverse of the last transaction
Pros
I generally like using BNA Fixed Assets , it's easy to search for specific assets, and there are many options to modify reports. My only big issue is the inability to reverse transactions. For instance, if I import 100 assets and make an error, I want to be able to reverse the entire transaction. Each time I import something, I print the transaction report. Each report should have a number, so if I need to reverse the transaction later, I can search by that number. 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's difficult to format and work with those reports.
Cons
The cost of this product is extremely high, making it difficult to justify its expense. I find it to be quite pricey compared to similar options available on the market, which can be a significant barrier for companies with limited budgets. This elevated pricing makes it hard for me to recommend it without reservations, as I believe there are more affordable alternatives that might offer similar functionalities without the hefty price tag.
Ease of use
6
Value for money
9
Customer Support
9
Functionality
9
Jerry
Pharmaceuticals, 500+ employees
More than a year
March 2017
Bloomberg BNA Fixed Assets - It just works
Bloomberg BNA Fixed Assets - It just works
Pros
I love the ease of use and the customer service has been exceptional, always providing prompt and helpful support whenever I've needed assistance. This combination of ease of use and outstanding customer service enhances my overall experience with the software.
Cons
The date when the asset was placed into service needs to be clearly indicated. It's essential for tracking the asset's usage and ensuring accurate record-keeping. Having this information readily available helps in managing the lifecycle of the asset and maintaining compliance with financial reporting standards. Without this crucial date, it becomes challenging to monitor depreciation schedules and assess the asset's overall performance.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Jennifer
Accounting, 101-500 employees
More than a year
March 2017
Ease of Use
Ease of Use
Pros
The reporting functionality and versatility impress me.
Cons
I think strides need to be made on the BNA Fixed Assets Web. I would like to see better ad-hoc reporting capabilities.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
8
Chris
Hospital & Health Care, 500+ employees
More than a year
March 2017
BNA Fixed Assets
BNA Fixed Assets
Pros
It's easy to use and making the process of generating reports uncomplicated. Its intuitive design allows me to create detailed reports quickly and efficiently, streamlining my workflow and saving valuable time.
Cons
The help index is confusing and hard for me to find answers.
Ease of use
10
Value for money
10
Customer Support
9
Functionality
10
Marcia
Not Specified, 500+ employees
More than a year
March 2017
SR Accountant
SR Accountant
Pros
I've had a good experience with the software. It was very easy to set up, add assets, and make changes mid-year. The reporting is great and can be easily modified. The only bad experience I've had was with customer service. I hoped they would be more understanding and guide us through issues, but instead, I was referred to the manual to figure it out myself.
Cons
I would like the reports with the headers and all fields as shown in the reporting feature to be Excel-ready. Otherwise, it is a good product.
Ease of use
8
Value for money
8
Customer Support
3
Functionality
10
Rashid
Not Specified, N/A employees
Free Trial
March 2017
Farmers Bank of Appomattox
Farmers Bank of Appomattox
Pros
We've been BNA desktop customers for many years and recently converted to the BNA web product. The conversion wasn't as smooth as hoped, but we finally got up and running. The primary complaint so far is the microscopic font size in reports. We'll work with technical support to solve this issue, hopefully. So far, technical support has been very responsive and helpful.
Cons
Average. I expected an improvement with web vs. desktop. Consolidated reporting is very poor. We need consolidated reporting similar to the desktop for our Tax Accountants.
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Dawn
Not Specified, N/A employees
Free Trial
March 2017
BNA Fixed Assets Review
BNA Fixed Assets Review
Pros
I like the 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 documents within the Add Asset window when an 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 and be able to scroll over (left and right).
Ease of use
8
Value for money
6
Customer Support
8
Functionality
5
Tara
Not Specified, 51-100 employees
More than a year
March 2017
Average Product!
Average Product!
Pros
The software allows me to have multiple companies open simultaneously. This feature is incredibly convenient, as it lets me switch between different companies effortlessly. It enhances my productivity by enabling me to manage and compare data from various entities without needing to close and reopen files constantly.
Cons
Effective consolidated reporting helps streamline data analysis and improve the accuracy of financial and operational insights.
Ease of use
6
Value for money
6
Customer Support
6
Functionality
6
Stephen
Wholesale, 500+ employees
More than a year
March 2017
Novo Nordisk Inc BNA Fixed Assets Review
Novo Nordisk Inc BNA Fixed Assets Review
Pros
It's easy to train new, non-tax technical personnel.
Cons
The way that the reports export to Excel.
Ease of use
5
Value for money
8
Customer Support
10
Functionality
8
Yardley
Pharmaceuticals, 500+ employees
More than a year
March 2017
Very Easy to use; good service, expensive pricing model; weak reporting
Very Easy to use; good service, expensive pricing model; weak reporting
Pros
The asset type method simplifies training for users.
Cons
The pricing structure is disadvantageous for companies with numerous assets but infrequent transactions. The basic reporting is often inaccurate. An upgrade is necessary for better reporting capabilities.
Ease of use
10
Value for money
5
Customer Support
8
Functionality
5
Greg
Hospitality, 500+ employees
More than a year
October 2016
Very Easy to use; good service, expensive pricing model; weak reporting
Very Easy to use; good service, expensive pricing model; weak reporting
Pros
The asset type method simplifies the training process for new users significantly. By categorizing assets in a clear and organized way, it helps new users understand and navigate the system quickly. This method ensures that training is efficient and that users can become proficient in managing assets in a short amount of time.
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 good reporting capability.
Ease of use
10
Value for money
6
Customer Support
8
Functionality
6
Greg
Hospitality, 500+ employees
More than a year
October 2016
Filters
Sort by:
Review
Review
Pros
Its simplicity facilitates cross-training for other users.
Cons
Since BNA moved to a CLOUD-based product, the price has surged, making it a tough sell to management.
Ease of use
10
Value for money
7
Customer Support
10
Functionality
10
Paul
Accounting, 51-100 employees
More than a year
September 2023
Accurate and Efficient
Accurate and Efficient
Pros
I find that consolidating companies and changing reporting structures, even with basic reports, saves a lot of time. Management appreciates that they can request ad hoc reports organized however they like.
Cons
In some areas, like "Switch View," I feel the date selection could be larger, making it simpler to quickly switch between months and years.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
9
Heidi
Real Estate, 51-100 employees
More than a year
September 2023
Good Software But Pricey
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.
Ease of use
8
Value for money
5
Customer Support
8
Functionality
10
Steven
Chemicals, 101-500 employees
More than a year
September 2023
Love this for Tax Depreciation
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.
Ease of use
10
Value for money
10
Customer Support
7
Functionality
10
jennifer
Wholesale, 500+ employees
More than a year
September 2023
Fixed Assets Made Easier
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.
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Robert
Wholesale, 500+ employees
More than a year
September 2023
BNA - Fixed Assets Essential Edition
BNA - Fixed Assets Essential Edition
Pros
I appreciate how easy it is to use. The site moves quickly, and the Excel add-on (dataview) is a great feature for building custom reports.
Cons
Setting up users and giving permissions to different areas is not straightforward.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
8
Mark
Apparel & Fashion, 101-500 employees
Less than a year
August 2021
Couldn't Do Without It
Couldn't Do Without It
Pros
The software is easy to use and, more importantly, flexible. It lets us change depreciation methods, combine entities, and forecast depreciation for the entire project life. The data tools allow me to download key data points for any group of entities and analyze them without running extra reports.
Cons
The help feature search tool isn't robust, so I really need to know where to look in the user guide with questions. Having someone on the team be an expert is important.
Ease of use
10
Value for money
10
Customer Support
9
Functionality
10
Meredith
Chemicals, 500+ employees
More than a year
August 2021
Simple Asset Management Program
Simple Asset Management Program
Pros
This product is user-friendly and manage fixed assets, including depreciation and tax rules. I love that it's web-based.
Cons
I have no negative feedback on this product. It does exactly what I need it to do.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
9
John
Construction, 51-100 employees
More than a year
August 2021
Accounting for Fixed Assets
Accounting for Fixed Assets
Pros
This software streamlines the process of accounting for fixed assets. It allows recording, calculating depreciation, determining gain or loss on disposal, and tracking all fixed assets owned by a company.
Cons
The system is complex and users find it difficult to adjust depreciation rates or add new items.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Joy
Transportation/Trucking/Railroad, 500+ employees
Less than a year
December 2018
Fixed Asset Software
Fixed Asset Software
Pros
It keeps track of all our fixed assets in one place.
Cons
The software was very hard to use. Even after a year, I never fully understood how to operate it. I wasn't sure how to add new items or adjust depreciation schedules.
Ease of use
2
Value for money
3
Customer Support
2
Functionality
3
Amanda
Financial Services, 11-50 employees
Less than a year
December 2018
Accounting for Fixed Assets
Accounting for Fixed Assets
Pros
This software simplifies accounting for fixed assets. I can record, calculate depreciation, determine gain or loss on disposal, and track all fixed assets owned by the company.
Cons
It's complicated, and I find it difficult to adjust the depreciation rates or add anything to it.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Joy
Transportation/Trucking/Railroad, 500+ employees
Less than a year
December 2018
Fixed Asset Software
Fixed Asset Software
Pros
It keeps track of all our fixed assets in one place.
Cons
It was very difficult for me to use. In the year I had the software, I never fully understood how to use it. I wasn't ever sure how to add things or adjust depreciation schedules.
Ease of use
1
Value for money
4
Customer Support
4
Functionality
4
Amanda
Financial Services, 11-50 employees
Less than a year
December 2018
BNA Fixed Assets
BNA Fixed Assets
Pros
Setting up an asset is direct, and the asset wizard is a helpful tool.
Cons
I wish there were more options for customizing reports. I can't always format the reports the way I want.
Ease of use
6
Value for money
2
Customer Support
2
Functionality
6
Anonymous
Not specified, 500+ employees
More than a year
October 2018
BNA Fixed Assets
BNA Fixed Assets
Pros
The asset wizard makes setting up a new asset simple and efficient. The step-by-step process guides me through each necessary detail, ensuring that all relevant information is entered correctly. This not only saves me time but also reduces the likelihood of errors, making the entire setup experience hassle-free.
Cons
I wish there were more customization options for reports. I can't always make the reports look how I want them to.
Ease of use
6
Value for money
3
Customer Support
3
Functionality
6
Anonymous
Not Specified, 500+ employees
More than a year
October 2018
The best fixed asset program that I have found
The best fixed asset program that I have found
Pros
It's a flexible program that makes it relatively easy to create custom information reports. It handles AMT well and is up-to-date with tax laws.
Cons
Occasionally, you need to refresh to get accurate reports, and the learning curve was long. I prefer working on Sundays, but the site is often down for maintenance on those days.
Ease of use
8
Value for money
10
Customer Support
10
Functionality
8
Lynne
Real Estate, 51-100 employees
Less than a year
May 2018
The cost and capability of Factset is better.
The cost and capability of Factset is better.
Pros
It integrates well with the rest of Bloomberg, which we use for various business functions. The keystrokes and interface are familiar.
Cons
Factset analytics is reputed to be a better product, and during trials of BNA, we found that our fixed income business would benefit more from Factset.
Ease of use
8
Value for money
3
Customer Support
8
Functionality
4
Anonymous
Not specified, 500+ employees
Free Trial
May 2018
The best fixed asset program that I have found
The best fixed asset program that I have found
Pros
The program is flexible, making it fairly easy for me to create custom reports. It handles AMT well and stays current with tax laws.
Cons
I 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.
Ease of use
8
Value for money
10
Customer Support
10
Functionality
8
Lynne
Real Estate, 51-100 employees
Less than a year
May 2018
The cost and capability of Factset is better.
The cost and capability of Factset is better.
Pros
It syncs well with the rest of Bloomberg, which we use for other business areas. The keystrokes and interface are familiar.
Cons
Factset analytics is known to be a superior product. When I tested the trials on BNA, I realized our fixed income business would benefit more from Factset.
Ease of use
8
Value for money
3
Customer Support
8
Functionality
5
Anonymous
Not Specified, 500+ employees
Free Trial
May 2018
Business data for risk evaluation
Business data for risk evaluation
Pros
The navigation is simple, and the terms are not overly complex, allowing broad organizational access.
Cons
The software is very comprehensive, offering extensive information, but it takes some time to navigate successfully.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
MITCHELL
Not specified, N/A employees
More than a year
March 2018
Great for managing fixed assets
Great for managing fixed assets
Pros
It uses workflow technology and automation, reducing indexing and data entry throughout the lifecycle of a single location.
Cons
The scanning software for invoices could be improved to optimize indexing and automate incoming invoices.
Ease of use
7
Value for money
8
Customer Support
8
Functionality
7
Bob
Computer Software, 51-100 employees
More than a year
March 2018
Business data for risk evaluation
Business data for risk evaluation
Pros
It's easy to navigate, and the terms are accessible for everyone in the organization.
Cons
The information is very robust with great depth and breadth, but it takes a little time for me to navigate successfully.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
MITCHELL
Not Specified, N/A employees
More than a year
March 2018
Great for managing fixed assets
Great for managing fixed assets
Pros
I like how it utilizes workflow technology and automation, reducing indexing and entry throughout a single location's life cycle.
Cons
I think the scanning software for invoices could be better utilized for maximum indexing and automation of incoming invoices.
Ease of use
7
Value for money
9
Customer Support
9
Functionality
7
Bob
Computer Software, 51-100 employees
More than a year
March 2018
BNA Fixed Asset tracker simplifies and cuts down on time
BNA Fixed Asset tracker simplifies and cuts down on time
Pros
I like that it can track fixed assets over time and depreciate them based on asset class and bonus depreciation usage.
Cons
Transferring fixed assets into the software can require significant upfront effort.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
10
Ian
Computer Software, 500+ employees
Less than a year
February 2018
BNA Fixed Asset tracker simplifies and cuts down on time
BNA Fixed Asset tracker simplifies and cuts down on time
Pros
I admire that it tracks fixed assets over time and depreciates them based on asset class and bonus depreciation.
Cons
If I transfer over fixed assets to the software, it can be a bit of work upfront.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
8
Ian
Computer Software, 500+ employees
Less than a year
February 2018
Easy to use
Easy to use
Pros
Inputting new assets is easy. You can use the tab key to move between fields quickly.
Cons
The program uses small fonts that can be hard to read, and the reporting can be confusing once printed.
Ease of use
8
Value for money
8
Customer Support
7
Functionality
8
Rachel
Philanthropy, 51-100 employees
More than a year
January 2018
Easy to use
Easy to use
Pros
Inputting new assets is easy for me. I can swiftly move from one field to another by simply using the tab key, which significantly speeds up the entire process. This functionality ensures that I can enter assets quickly and efficiently, without getting bogged down by the details.
Cons
The program has small font sizes and is sometimes hard for me to see. The reporting is also a bit confusing once it's printed.
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Rachel
Philanthropy, 51-100 employees
More than a year
January 2018
Love BNA fixed assets software
Love BNA fixed assets software
Pros
The software is very direct. The training and customer service are excellent. I think it's a great choice for fixed assets software.
Cons
My only issue is that sometimes the font is too small to read. I haven't contacted customer service about it yet, but I'm sure they could assist.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Kelly
Transportation/Trucking/Railroad, 500+ employees
Less than a year
October 2017
BNA Software Review
BNA Software Review
Pros
The software is intuitive and easy to learn. We could quickly enter assets into the system without any problems.
Cons
Customizing reports is somewhat difficult, and we struggled to format them the way we wanted.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
10
Laura
Electrical/Electronic Manufacturing, 500+ employees
Less than 6 months
October 2017
Love BNA fixed assets software
Love BNA fixed assets software
Pros
The software is extremely easy to use, and the training and customer service are excellent! I think it's 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 about this issue. I'm certain they could help me out with this.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Kelly
Transportation/Trucking/Railroad, 500+ employees
Less than a year
October 2017
BNA Software Review
BNA Software Review
Pros
The software is intuitive and easy to figure out. We easily entered an asset into the system without any issues.
Cons
I find the reports somewhat difficult to customize, and I've had trouble getting them in the format I want.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
8
Laura
Electrical/Electronic Manufacturing, 500+ employees
Less than 6 months
October 2017
Easy to use and learn
Easy to use and learn
Pros
It supports different functional currencies and allows saving reports in Excel, PDF, or CSV formats.
Cons
The help site is challenging to navigate for answers, and customer support is not very friendly. No other issues.
Ease of use
10
Value for money
10
Customer Support
7
Functionality
10
Marcia
Not specified, N/A employees
More than a year
July 2017
Easy to use and learn
Easy to use and learn
Pros
I value the different functional currencies and the ability to save reports in Excel, PDF, or CSV formats.
Cons
The help site is difficult for me to find answers. Customer support people are not the friendliest. No other cons.
Ease of use
10
Value for money
10
Customer Support
7
Functionality
10
Marcia
Not Specified, N/A employees
More than a year
July 2017
Ease of Use
Ease of Use
Pros
I have used Bloomberg BNA Fixed Assets for four years. It has streamlined our fixed assets accounting process and greatly assisted with tax preparation. We recently switched to the BNA Fixed Assets Web version, which continues to enhance our operations.
Cons
There is a need to make continuous improvements to the BNA Fixed Assets Web, particularly with ad-hoc reporting capabilities.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
8
Chris
Hospital & Health Care, 500+ employees
More than a year
March 2017
BNA Fixed Assets
BNA Fixed Assets
Pros
The software is very intuitive, and the reports are easy to customize to get the desired results. The help index can be confusing, so I usually call support if I have questions.
Cons
The help index is confusing and makes it difficult to find answers.
Ease of use
10
Value for money
10
Customer Support
8
Functionality
10
Marcia
Not specified, 500+ employees
More than a year
March 2017
BNA Fixed Assets Review
BNA Fixed Assets Review
Pros
The capability to search within each field on the asset view.
Cons
Here are a few suggested improvements: Make the order of fields in the Add Asset windows customizable. Add an option to upload documents directly within the Add Asset window when creating an asset instead of editing it later. Include an option to add another asset immediately after completing one. In the Add Asset windows, set the default to override Additional First-Year Depreciation and automatically choose No AFYD on the next screen. Increase the size of the Asset Field List box in Setup to view all data at once. In the Edit asset section, when selecting from the PickList, enlarge the selection area. Include all Favorites (reports and batches) as a filter in the reports section. Enable navigating to the next asset within the Asset Viewer without exiting. In Assets View, add more headers and allow horizontal scrolling.
Ease of use
8
Value for money
7
Customer Support
8
Functionality
4
Tara
Not specified, 51-100 employees
More than a year
March 2017
Average Product!
Average Product!
Pros
Allows multiple companies to be open simultaneously.
Cons
Combined Reporting.
Ease of use
6
Value for money
5
Customer Support
5
Functionality
6
Stephen
Wholesale, 500+ employees
Less than a year
March 2017
Novo Nordisk Inc BNA Fixed Assets Review
Novo Nordisk Inc BNA Fixed Assets Review
Pros
Simple to train new personnel who aren't tax experts.
Cons
The method in which reports are exported to Excel.
Ease of use
5
Value for money
8
Customer Support
10
Functionality
8
Yardley
Pharmaceuticals, 500+ employees
More than a year
March 2017
Great value for the investment
Great value for the investment
Pros
Overall, the BNA Web fixed asset product is easy to use and allows me to generate IRS forms, making the US tax return process more seamless. The flexibility in reporting is also useful for obtaining actual and forecast data quickly.
Cons
It was very difficult software for me to use, and we switched once our accounting software released their solution.
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Mike
Consumer Goods, 500+ employees
More than a year
March 2017
Reverse of the last transaction
Reverse of the last transaction
Pros
I generally like using BNA Fixed Assets , it's easy to search for specific assets, and there are many options to modify reports. My only big issue is the inability to reverse transactions. For instance, if I import 100 assets and make an error, I want to be able to reverse the entire transaction. Each time I import something, I print the transaction report. Each report should have a number, so if I need to reverse the transaction later, I can search by that number. 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's difficult to format and work with those reports.
Cons
The cost of this product is extremely high, making it difficult to justify its expense. I find it to be quite pricey compared to similar options available on the market, which can be a significant barrier for companies with limited budgets. This elevated pricing makes it hard for me to recommend it without reservations, as I believe there are more affordable alternatives that might offer similar functionalities without the hefty price tag.
Ease of use
6
Value for money
9
Customer Support
9
Functionality
9
Jerry
Pharmaceuticals, 500+ employees
More than a year
March 2017
Bloomberg BNA Fixed Assets - It just works
Bloomberg BNA Fixed Assets - It just works
Pros
I love the ease of use and the customer service has been exceptional, always providing prompt and helpful support whenever I've needed assistance. This combination of ease of use and outstanding customer service enhances my overall experience with the software.
Cons
The date when the asset was placed into service needs to be clearly indicated. It's essential for tracking the asset's usage and ensuring accurate record-keeping. Having this information readily available helps in managing the lifecycle of the asset and maintaining compliance with financial reporting standards. Without this crucial date, it becomes challenging to monitor depreciation schedules and assess the asset's overall performance.
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Jennifer
Accounting, 101-500 employees
More than a year
March 2017
Ease of Use
Ease of Use
Pros
The reporting functionality and versatility impress me.
Cons
I think strides need to be made on the BNA Fixed Assets Web. I would like to see better ad-hoc reporting capabilities.
Ease of use
8
Value for money
10
Customer Support
8
Functionality
8
Chris
Hospital & Health Care, 500+ employees
More than a year
March 2017
BNA Fixed Assets
BNA Fixed Assets
Pros
It's easy to use and making the process of generating reports uncomplicated. Its intuitive design allows me to create detailed reports quickly and efficiently, streamlining my workflow and saving valuable time.
Cons
The help index is confusing and hard for me to find answers.
Ease of use
10
Value for money
10
Customer Support
9
Functionality
10
Marcia
Not Specified, 500+ employees
More than a year
March 2017
SR Accountant
SR Accountant
Pros
I've had a good experience with the software. It was very easy to set up, add assets, and make changes mid-year. The reporting is great and can be easily modified. The only bad experience I've had was with customer service. I hoped they would be more understanding and guide us through issues, but instead, I was referred to the manual to figure it out myself.
Cons
I would like the reports with the headers and all fields as shown in the reporting feature to be Excel-ready. Otherwise, it is a good product.
Ease of use
8
Value for money
8
Customer Support
3
Functionality
10
Rashid
Not Specified, N/A employees
Free Trial
March 2017
Farmers Bank of Appomattox
Farmers Bank of Appomattox
Pros
We've been BNA desktop customers for many years and recently converted to the BNA web product. The conversion wasn't as smooth as hoped, but we finally got up and running. The primary complaint so far is the microscopic font size in reports. We'll work with technical support to solve this issue, hopefully. So far, technical support has been very responsive and helpful.
Cons
Average. I expected an improvement with web vs. desktop. Consolidated reporting is very poor. We need consolidated reporting similar to the desktop for our Tax Accountants.
Ease of use
8
Value for money
8
Customer Support
8
Functionality
8
Dawn
Not Specified, N/A employees
Free Trial
March 2017
BNA Fixed Assets Review
BNA Fixed Assets Review
Pros
I like the 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 documents within the Add Asset window when an 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 and be able to scroll over (left and right).
Ease of use
8
Value for money
6
Customer Support
8
Functionality
5
Tara
Not Specified, 51-100 employees
More than a year
March 2017
Average Product!
Average Product!
Pros
The software allows me to have multiple companies open simultaneously. This feature is incredibly convenient, as it lets me switch between different companies effortlessly. It enhances my productivity by enabling me to manage and compare data from various entities without needing to close and reopen files constantly.
Cons
Effective consolidated reporting helps streamline data analysis and improve the accuracy of financial and operational insights.
Ease of use
6
Value for money
6
Customer Support
6
Functionality
6
Stephen
Wholesale, 500+ employees
More than a year
March 2017
Novo Nordisk Inc BNA Fixed Assets Review
Novo Nordisk Inc BNA Fixed Assets Review
Pros
It's easy to train new, non-tax technical personnel.
Cons
The way that the reports export to Excel.
Ease of use
5
Value for money
8
Customer Support
10
Functionality
8
Yardley
Pharmaceuticals, 500+ employees
More than a year
March 2017
Very Easy to use; good service, expensive pricing model; weak reporting
Very Easy to use; good service, expensive pricing model; weak reporting
Pros
The asset type method simplifies training for users.
Cons
The pricing structure is disadvantageous for companies with numerous assets but infrequent transactions. The basic reporting is often inaccurate. An upgrade is necessary for better reporting capabilities.
Ease of use
10
Value for money
5
Customer Support
8
Functionality
5
Greg
Hospitality, 500+ employees
More than a year
October 2016
Very Easy to use; good service, expensive pricing model; weak reporting
Very Easy to use; good service, expensive pricing model; weak reporting
Pros
The asset type method simplifies the training process for new users significantly. By categorizing assets in a clear and organized way, it helps new users understand and navigate the system quickly. This method ensures that training is efficient and that users can become proficient in managing assets in a short amount of time.
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 good reporting capability.
Ease of use
10
Value for money
6
Customer Support
8
Functionality
6
Greg
Hospitality, 500+ employees
More than a year
October 2016