Fixed assets depreciation software
A cloud-based platform accessible anytime, anywhere
Fixed assets – the tangible, long-term assets used in business operations – need a software solution that automates and manages the life cycle from construction and purchase to retirement. Bloomberg Tax Fixed Assets software has you covered.
The wrong fixed assets software can cause serious setbacks
Inefficiency
Multiple platforms and programs create workflow disruptions and needlessly complex processes.
Financial statement risk
Calculation errors lead to incorrect financial statements, tedious manual fixes, and overtime work.
Changing regulations
Keeping up with frequent regulatory shifts takes time and effort you don’t have to spare.
Experience the accounting benefits of our fixed assets software
Our fixed assets program allows tax professionals to improve the way they work, so they can focus on their organization’s strategic outlook.
To read more about our product click here.
Reduce IT spend
with cloud-based software – so multiple users can access anywhere, anytime
Stay accurate and compliant
with books and reports automatically updated to include the latest tax laws and built-in depreciation calculations for MACRS, ADS, and more
Easily reconcile between periods and books
– without losing historical data
Automate tracking
of error-prone Construction in Progress projects and easily convert expenses to depreciable assets
Eliminate the pain of inputting data manually and save time
by automatically importing complex fixed assets data from multiple systems
Get the greatest tax savings
out of your fixed assets by modeling different scenarios with up to 99 books
Take a tour of Bloomberg Tax Fixed Assets
Discover how our software effectively manages your biggest fixed assets challenges with this interactive experience.
Integrate with your ERP system
Connect your tools and systems with ease. Bloomberg Tax Fixed Assets integrates with most popular ERP and accounting solutions
SAP (S4/HANA)
Oracle NetSuite Cloud
Microsoft Dynamics
Workday
PeopleSoft
Costpoint
Infor M3
JD Edwards
and more
The top 4 fixed assets challenges for tax professionals,
and what our customers are saying*
*2020 Bloomberg Tax customer survey
Having automatic tax law updates
91%
of customers say that they have benefitted from Bloomberg Tax Fixed Assets’ built-in depreciation calculations that include the latest tax laws.
Easily pulling data for multiple entities
87%
of respondents say that Bloomberg Tax Fixed Assets allows them to pull data automatically and easily for multiple companies into Excel.
Delivering a quick and easy period close
90%
of customers say Bloomberg Tax Fixed Assets supports a quicker, easier period close.
Maintaining strong controls ensuring compliance
84%
of respondents say that Bloomberg Tax Assets helps them ensure compliance by providing full visibility of their fixed asset data.
Leased assets management is included
Boost your leased assets management efficiency with a single source of centralized data, automated processes, strong financial controls, accurate lease accounting, and reporting.
Manage state bonus depreciation for nonconforming states
Calculate state depreciation for nonconforming states – including California, Pennsylvania, New York, Florida, Illinois, North Carolina, and Minnesota – and baseline calculations for all 50 states with total ease.
How do you start?
Register online
Request a demo and your representative will schedule a meeting.
We listen to your goals
Have a brief conversation with us to discuss your needs.
Turn strategy into action
Complete your demo, tailor-made for your organization.
What our users are saying
“Bloomberg Tax Fixed Assets was, by far, the easiest system to use while offering all the functionality we were looking for. We saved 400 hours of effort and completed our review three weeks sooner than the previous year.”
Federal Tax Manager
Illinois Tool Works (ITW)
“We have used this product for decades as it is the most comprehensive and easy-to-use fixed asset software on the market. We can always count on timely product updates and 100% accurate calculations. It is our go-to product to manage our exhaustive list of fixed assets from acquisition to disposal and everything in between.”
CFO
PAM Transport
“Bloomberg Tax Fixed Assets was one of the best software decisions our company has made in recent years. We can now pull multiple companies’ information and also download asset data into a usable format. We spend less time pulling reports and entering information and more time analyzing and comparing data.”
VP, Tax
POET
Explore the latest insights on fixed assets management and tax industry trends from our experts
Top 10 fixed assets challenges
Learn how to effectively navigate fixed assets management, leading to valuable tax savings opportunities, greater efficiency, and better bottom lines.
2022 Quarterly Outlook Report
This compilation of forward-looking tax developments will help you plan a tax strategy that reduces risk – with one complete picture of what’s on the horizon. Take a look at this interactive, in-depth report.
Property Depreciation Methods: MACRS
Learn how to calculate depreciation using the modified accelerated cost recovery system (MACRS) method.
Implementation made easy
Certified Implementers of Bloomberg Tax Fixed Assets ensure seamless implementation within your current workflow.
See it for yourself
Start managing all your fixed assets with one proven resource – now.