Bloomberg Tax Fixed Assets Reviews

“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.

“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.

“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.

“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.

“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.

“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.

“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.

“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.

“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.

“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.

“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

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.

“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.

“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.

“Average Product!

Pros

Allows multiple companies to be open simultaneously.

Cons

Combined Reporting.

“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.

“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.

“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.

“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

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.