Best For

U.S.-based corporations that manage large fixed assets, and accounting firms that manage large fixed assets for corporate clients.

Product Details

With Advantage Fixed Assets from Bloomberg Tax & Accounting, you gain accuracy and control to empower better decisions, optimize tax savings, shorten financial close times, and respond to change faster. Powered by the cloud-based Advantage platform and equipped with flexible integration capabilities, Fixed Assets makes it easy to expertly manage the largest expenditures on your companys balance sheet with efficiency and confidence.

Contact Details

Bloomberg Industry Group

https://www.bloombergindustry.com/

Founded in 1929

Located in United States

FA: Asset List

Starting Price

  • Not provided by vendor

Free Trial

Platform

  • Installed - Mac
  • Cloud, SaaS, Web
  • Installed - Windows
  • Mobile - iOS Native
  • Mobile - Android Native

Training

  • In Person
  • Live Online
  • Webinars
  • Documentation

Support

  • Business Hours
  • Online

Advantage Fixed Assets Features

Asset Accounting
Asset Lifecycle Management
Audit Trail
Barcoding/RFID
Depreciation Management
Disposal Management
Document Management
Inventory Tracking

Advantage Fixed Assets Reviews

Overall
4/5
Ease of Use
4/5
Customer Service
4/5

Showing Most Helpful

Showing 23 of 23 reviews

Showing Most Helpful

Showing 23 of 23 reviews

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Rating
Company Size
Reviewer's Role
Length of Use
Frequency of Use
Tara H.
Accountant
51-200 employees
Used the software for: 2+ years
Overall Rating
4/5
Ease of Use
4/5
Customer Service
4/5
Features
2/5
Value for Money
3/5
Likelihood to Recommend
8/10
Source: Capterra
March 30, 2017

“BNA Fixed Assets Review”

OverallWe 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.
ProsAbility to search within each field on the asset view.
ConsListed 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)
Recommendations to other buyersThe 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.
Source: Capterra
March 30, 2017
Greg M.
VP Shared Services
Hospitality, 10,001+ employees
Used the software for: 1-2 years
Overall Rating
3/5
Ease of Use
5/5
Customer Service
4/5
Features
3/5
Value for Money
3/5
Likelihood to Recommend
7/10
Source: Capterra
October 15, 2016

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

OverallThe 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.
ProsThe asset type method makes training users very easy
ConsThe 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.
Source: Capterra
October 15, 2016
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Joy K.
Disbursement accountant
Transportation/Trucking/Railroad, 5001-10,000 employees
Used the software for: 6-12 months
Overall Rating
4/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
December 15, 2018

“Accounting for Fixed Assets”

Overall The ability to report fixed assets in multiple currencies is the best thing with this software, its so useful for a company that has branches in different countries as it automatically calculates exchange rates .
Pros This software makes the process of accounting for fixed assets so simple. One is able to record, calculate depreciation, calculate gain or loss on disposal and asset and track all fixed assets owned by a company.
ConsIt is complicated and it is difficult for users to adjust the depreciation rates or add anything to it.
Reviewer Source 
Source: Capterra
December 15, 2018
Yardley M.
Sr. Manager
Pharmaceuticals, 10,001+ employees
Used the software for: 2+ years
Overall Rating
4/5
Ease of Use
2/5
Customer Service
5/5
Features
4/5
Value for Money
4/5
Likelihood to Recommend
6/10
Source: Capterra
March 30, 2017

“Novo Nordisk Inc BNA Fixed Assets Review”

OverallIn 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.
ProsEasy to train new, non-tax technical personnel on
ConsThe way that the reports export to Excel
Recommendations to other buyersPlease improve Excel export reporting feature - fix columns, cell merging, descriptions going to following line, etc.
Source: Capterra
March 30, 2017
Bob B.
Solution Consultant
Computer Software, 51-200 employees
Used the software for: 1-2 years
Overall Rating
4/5
Ease of Use
3/5
Customer Service
4/5
Features
3/5
Value for Money
4/5
Likelihood to Recommend
8/10
Reviewer Source 
Source: SoftwareAdvice
March 11, 2018

“Great for managing fixed assets”

ProsUtilizes workflow technology and automation reducing indexing and entry throughout the life cycle of a single location.
ConsScanning software for invoices could be better utilized for maximum indexing and automation of incoming invoices.
Reviewer Source 
Source: SoftwareAdvice
March 11, 2018
Chris S.
Senior Revenue Accountant
Hospital & Health Care, 1001-5000 employees
Used the software for: 2+ years
Overall Rating
4/5
Ease of Use
4/5
Customer Service
4/5
Features
4/5
Value for Money
5/5
Likelihood to Recommend
9/10
Source: Capterra
March 30, 2017

“Ease of Use”

OverallI 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.
ProsReporting functionality, versatility.
ConsNeed to continue to make strides on the BNA Fixed Assets Web. Would like to see better ad-hoc reporting capabilities.
Source: Capterra
March 30, 2017
Lynne H.
Consultant
Real Estate, 51-200 employees
Used the software for: 6-12 months
Overall Rating
4/5
Ease of Use
4/5
Customer Service
5/5
Features
4/5
Value for Money
5/5
Likelihood to Recommend
8/10
Reviewer Source 
Source: SoftwareAdvice
May 14, 2018

“The best fixed asset program that I have found”

ProsFlexible program making it fairly easy to create your own information reports. Handles AMT well. Current with tax laws.
ConsNeed 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.
Reviewer Source 
Source: SoftwareAdvice
May 14, 2018
MITCHELL H.
Vice President Wealth and Trust
Unspecified
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: Capterra
March 21, 2018

“Business data for risk evaluation”

OverallAccess to key business data that is fairly current.
ProsEasy to navigate, the terms are not written in to high a level for broad access in the organization.
ConsVery robust with great depth and breadth of information - takes a little time to successfully navigate
Reviewer Source 
Source: Capterra
March 21, 2018
Jerry S.
Senior Tax Analyst
Pharmaceuticals, 1001-5000 employees
Used the software for: 1-2 years
Overall Rating
4/5
Ease of Use
3/5
Customer Service
4/5
Features
4/5
Value for Money
4/5
Likelihood to Recommend
8/10
Source: Capterra
March 30, 2017

“Reverse of the last transaction”

OverallGenerally, 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
Source: Capterra
March 30, 2017
Verified Reviewer
Real Estate, 1001-5000 employees
Used the software for: 2+ years
Overall Rating
3/5
Ease of Use
3/5
Customer Service
1/5
Features
3/5
Value for Money
1/5
Likelihood to Recommend
5/10
Reviewer Source 
Source: Capterra
October 3, 2018

“BNA Fixed Assets”

OverallI have no other depreciation software to compare it to but it works for what I need it to.
ProsI like how easy it is to set up an asset and the asset wizard.
ConsI wish there were more customization reports. I can't always make the reports how I want them to look
Reviewer Source 
Source: Capterra
October 3, 2018
Rachel K.
Assistant Controller
Philanthropy, 51-200 employees
Used the software for: 1-2 years
Overall Rating
4/5
Ease of Use
4/5
Features
4/5
Likelihood to Recommend
7/10
Reviewer Source 
Source: SoftwareAdvice
January 9, 2018

“Easy to use”

ProsI 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.
ConsThe program has small font sizes and sometimes hard to see. The reporting is also a bit confusing once it's printed.
Reviewer Source 
Source: SoftwareAdvice
January 9, 2018
Ian S.
Senior Tax Accountant
Computer Software, 10,001+ employees
Used the software for: 6-12 months
Overall Rating
4/5
Ease of Use
4/5
Features
5/5
Likelihood to Recommend
8/10
Reviewer Source 
Source: SoftwareAdvice
February 6, 2018

“BNA Fixed Asset tracker simplifies and cuts down on time”

ProsI 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.
ConsIf you transfer over fixed assets on to the software, it can be a little bit of work in the front end.
Reviewer Source 
Source: SoftwareAdvice
February 6, 2018
Laura K.
Controller
Electrical/Electronic Manufacturing, 501-1000 employees
Used the software for: Less than 6 months
Overall Rating
4/5
Ease of Use
4/5
Features
5/5
Likelihood to Recommend
7/10
Reviewer Source 
Source: SoftwareAdvice
October 19, 2017

“BNA Software Review”

ProsThe 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.
ConsThe reports are somewhat difficult to customize and we had trouble getting them to be in a format that we wanted.
Reviewer Source 
Source: SoftwareAdvice
October 19, 2017
Verified Reviewer
Investment Management, 501-1000 employees
Used the software for: Unspecified
Overall Rating
4/5
Ease of Use
4/5
Customer Service
4/5
Features
2/5
Value for Money
1/5
Likelihood to Recommend
6/10
Reviewer Source 
Source: Capterra
May 7, 2018

“The cost and capability of Factset is better.”

OverallOur Bloomberg terminals were easily linked to this tool.
ProsIt 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.
ConsFactset 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.
Reviewer Source 
Source: Capterra
May 7, 2018
Jennifer S.
Sr. Tax Mgr
Accounting, 201-500 employees
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Source: Capterra
March 30, 2017

“Bloomberg BNA Fixed Assets - It just works”

OverallWe'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.
ProsEase of use, great customer service
ConsPlaced in service date
Source: Capterra
March 30, 2017
Marcia S.
Tax Manager
1001-5000 employees
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
4/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Source: Capterra
March 30, 2017

“BNA Fixed Assets”

OverallThe 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.
Prosuser friendly and easy to get reports
Conshelp index is confusing and hard to find answers
Source: Capterra
March 30, 2017
Mike S.
Tax Manager
Consumer Goods, 1001-5000 employees
Used the software for: 2+ years
Overall Rating
5/5
Ease of Use
4/5
Customer Service
4/5
Features
4/5
Value for Money
4/5
Likelihood to Recommend
8/10
Source: Capterra
March 31, 2017

“Great value for the investment”

OverallOverall, 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.
Source: Capterra
March 31, 2017
Dawn T.
Unspecified
Used the software for: Unspecified
Overall Rating
4/5
Ease of Use
4/5
Customer Service
4/5
Features
4/5
Value for Money
4/5
Source: Capterra
March 30, 2017

“Farmers Bank of Appomattox”

OverallWe 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.
Source: Capterra
March 30, 2017
Amanda G.
Senior Accountant
Financial Services, 11-50 employees
Used the software for: 6-12 months
Overall Rating
2/5
Ease of Use
1/5
Features
2/5
Likelihood to Recommend
5/10
Reviewer Source 
Source: Capterra
December 4, 2018

“Fixed Asset Software”

OverallOverall it was a very difficult software to use, and we switched once our accounting software released their solution .
ProsIt kept track of all of our fixed assets in one place.
ConsIt was a very difficult staff to use. In the year I had the software I never fully understood how to use it. I wasn't ever sure on how to add things in there or adjust depreciation schedules.
Reviewer Source 
Source: Capterra
December 4, 2018
Marcia S.
Manager
Unspecified
Used the software for: 1-2 years
Overall Rating
5/5
Ease of Use
5/5
Customer Service
3/5
Features
5/5
Value for Money
5/5
Source: Capterra
July 19, 2017

“Easy to use and learn”

ProsThere are different functional currencies. The ability to save reports in excel, pdf or csv formats.
ConsHelp site is difficult to find answers. Customer support people are not the friendliest. No other cons
Source: Capterra
July 19, 2017
Kelly L.
Finance
Transportation/Trucking/Railroad, 501-1000 employees
Used the software for: 6-12 months
Overall Rating
5/5
Ease of Use
5/5
Customer Service
5/5
Features
5/5
Value for Money
5/5
Likelihood to Recommend
10/10
Reviewer Source 
Source: SoftwareAdvice
October 19, 2017

“Love BNA fixed assets software”

ProsThe software is extremely easy to use. The training and customer service is excellent! I think this is a fantastic choice for fixed assets software!
ConsMy 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.
Reviewer Source 
Source: SoftwareAdvice
October 19, 2017
Stephen W.
Controlller
Wholesale, 501-1000 employees
Used the software for: 6-12 months
Overall Rating
3/5
Ease of Use
3/5
Customer Service
3/5
Features
3/5
Value for Money
3/5
Likelihood to Recommend
5/10
Source: Capterra
March 30, 2017

“Average Product!”

OverallAverage. 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.
ProsCan have more than one company open at the same time.
ConsConsolidated Reporting1q
Source: Capterra
March 30, 2017
Rashid M.
Unspecified
Used the software for: Unspecified
Overall Rating
3/5
Ease of Use
4/5
Customer Service
1/5
Features
5/5
Value for Money
4/5
Source: Capterra
March 30, 2017

“SR Accountant”

OverallI 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.
Source: Capterra
March 30, 2017