Bloomberg BNA

BNA Fixed Assets


4 / 5
21 reviews

Who Uses This Software?

BNA Fixed Assets enables tax and accounting professionals in companies of any size to automate and manage the complete fixed assets lifecycle from construction and acquisition through disposal.


Average Ratings

21 Reviews

  • 4 / 5
    Overall

  • 4 / 5
    Ease of Use

  • 4 / 5
    Customer Service

Product Details

  • Starting Price
    $500.00/year
  • Free Trial
    Yes
  • Deployment
    Cloud, SaaS, Web
    Installed - Windows
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • Bloomberg BNA
  • www.bnasoftware.com/
  • United States

About BNA Fixed Assets

Dramatically reduce the effort required to effectively and accurately manage, depreciate, and track fixed assets. BNA Fixed Assets enables tax and accounting professionals in companies of any size to automate and manage the complete fixed assets lifecycle from construction and acquisition through disposal.


BNA Fixed Assets Features

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • Fund Accounting
  • Government
  • Nonprofits
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management
  • Asset Budgeting
  • Asset Lifecycle Management
  • Audit Trail
  • Barcoding / RFID
  • Depreciation Management
  • Disposal Management
  • Document Management
  • Inventory Tracking
  • Tax Management

BNA Fixed Assets Reviews Recently Reviewed!


BNA Fixed Assets Review

Mar 30, 2017
4/5
Overall

4 / 5
Ease of Use

2 / 5
Features & Functionality

4 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: 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 document within the Add Asset window when 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 be able to scroll over (left and right)

Overall: We have recently upgraded from the desktop version to the web version of BNA Fixed assets. There were many difficulties with the move, but received customer service to slowly complete the transaction. After we accomplished the transfer and customized the system to our specific use, one thing I would say that is extremely helpful is the ability to search within each field. There has been a lot to learn with the system compared to the old with specifics as report creating, defaults, and asset view. In the future I look to learn more about the software and the possible capabilities. We have found a few items that are desired enhancements as listed below:

Order of fields in Add Asset windows to be customizable

Add option to upload document within the Add Asset window when 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 be able to scroll over (left and right)

Thank You.

Recommendations to other buyers: The transfer from the desktop version to the web is not a pretty conversion. Once on the new system a lot of time as spent to recreate several reports. We have learned a lot about the system and have adjusted to the differences. I look forward to learning more about the system and the available features and reporting capabilities.

Very Easy to use; good service, expensive pricing model; weak reporting

Oct 15, 2016
3/5
Overall

5 / 5
Ease of Use

3 / 5
Features & Functionality

4 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: The asset type method makes training users very easy

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 a good reporting capability.

Overall: The software makes it very easy to upload and mass modify assets. If you buy it, you must get the dataview add-on that lets you integrate the reporting into excel. The base crystal reporting is hard to use and also only allows you to report on one book at a time.

The database is very flexible, allowing multiple placed into service dates (one for each book) but the reporting becomes erroneous if you have to input assets placed into service in prior periods or modify the basis of an asset (say, due to an impairment). Instead you need to create new component assets for the modifications. This becomes a problem because BNA charges you based on the number of assets, and the price escalates very quickly. We have only 5 users but are forced to pay for a pricey 100 user license because we have 100,000 assets. In other words, BNA is bad for capital-intensive businesses who need detailed, accurate records.

By using easy to understand asset types you can quickly populate all of your books (GAAP, Fed, AMT, etc) because lives and methods are programmed automatically by type. You get great efficiency and simply your tax reporting. If you have unusual assets you can also modify each book separately after you populate the asset type, so you retain flexibility when needed.

For a smaller business, this software would be superb.

The BNA team was very responsive during our implementation, and did the project management for us. All we had to do was export our old database into CSV or excel and give it to them. The job was very well done.

BNA Fixed Assets

Oct 03, 2018
3/5
Overall

3 / 5
Ease of Use

3 / 5
Features & Functionality

1 / 5
Customer Support

1 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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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

Overall: I have no other depreciation software to compare it to but it works for what I need it to.

Novo Nordisk Inc BNA Fixed Assets Review

Mar 30, 2017
4/5
Overall

2 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: Easy to train new, non-tax technical personnel on

Cons: The way that the reports export to Excel

Overall: In general, this works about as well and is as user friendly as you can expect from something as complicated as a fixed asset tool. We are, in general, very happy with this product. The one major complaint is regarding reports that are exported to Excel. When producing a report for export to Excel and including a fixed asset description, it automatically puts the description on the next line. Additionally, the Excel cells are all merged and text wrapped. It take a significant amount of time to get the Excel report into a user friendly format that is suitable for Excel analysis each month. The new module for exporting data is not what we are looking for either. We would like the reports with the headers and all fields as shown in the reporting feature, we would just like the report to be Excel-ready. Otherwise, it is a good product.

Recommendations to other buyers: Please improve Excel export reporting feature - fix columns, cell merging, descriptions going to following line, etc.

Great for managing fixed assets

Mar 11, 2018
4/5
Overall

3 / 5
Ease of Use

3 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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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.

Ease of Use

Mar 30, 2017
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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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.

Overall: 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.

The best fixed asset program that I have found

May 14, 2018
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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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.

Business data for risk evaluation

Mar 21, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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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

Overall: Access to key business data that is fairly current.

Reverse of the last transaction

Mar 30, 2017
4/5
Overall

3 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Comments: 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

Easy to use

Jan 09, 2018
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality
Likelihood to Recommend: 7.0/10 Not
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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.

BNA Software Review

Oct 19, 2017
4/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality
Likelihood to Recommend: 7.0/10 Not
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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.

BNA Fixed Asset tracker simplifies and cuts down on time

Feb 06, 2018
4/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality
Likelihood to Recommend: 8.0/10 Not
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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.

Average Product!

Mar 30, 2017
3/5
Overall

3 / 5
Ease of Use

3 / 5
Features & Functionality

3 / 5
Customer Support

3 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Pros: Can have more than one company open at the same time.

Cons: Consolidated Reporting1q

Overall: Average. We expected an improvement with web vs desktop. Consolidated reporting is very poor. We need consolidated reporting similar to the desktop for our Tax Accountants.

The cost and capability of Factset is better.

May 07, 2018
4/5
Overall

4 / 5
Ease of Use

2 / 5
Features & Functionality

4 / 5
Customer Support

1 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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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.

Overall: Our Bloomberg terminals were easily linked to this tool.

BNA Fixed Assets

Mar 30, 2017
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

4 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: user friendly and easy to get reports

Cons: help index is confusing and hard to find answers

Overall: 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.

Bloomberg BNA Fixed Assets - It just works

Mar 30, 2017
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Ease of use, great customer service

Cons: Placed in service date

Overall: 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.

Great value for the investment

Mar 31, 2017
5/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Comments: 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.

Farmers Bank of Appomattox

Mar 30, 2017
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money

Comments: We have been a BNA desktop customer for many years and recently converted to the BNA web product. The conversion was not as smooth as hoped but we finally got up and running. The primary complaint thus far is the font size used in reports. It is microscopic! We will work with technical support to solve this issue hopefully. Thus far technical support has been very responsive and helpful.

SR Accountant

Mar 30, 2017
3/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

1 / 5
Customer Support

4 / 5
Value for Money

Comments: I have had a good experience with the software. It was very easy to setup, add assets, make changes mid year, etc. The reporting is great and can easily be modified. The only bad experience I have had was with your customer service team. I would've hoped they were more understanding of our needs and guide us through issues but instead i was referred to the manual to figure it out by myself.

Easy to use and learn

Jul 19, 2017
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

3 / 5
Customer Support

5 / 5
Value for Money

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

Love BNA fixed assets software

Oct 19, 2017
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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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.