Bloomberg Tax & Accounting Fixed Assets

Fixed Assets is a cloud-based software offered by Bloomberg Tax & Accounting that helps to automate and manage the entire fixed asset life cycle, from construction to disposal. The fixed assets software tracks and manages fixed assets, depreciation calculations, compliance with policies & regulations and accounting details.

Fixed Assets enables tax and accounting professionals in companies of any size to gain a solid foundation for all fixed assets and depreciation management. Processes are automated, compliance with frequently changing tax and GAAP regulations are automatically
enforced, management is streamlined, and comprehensive reporting delivers the insight you need to make informed management decisions.

The software provides:

• Out-of-the-box compliance, with built-in tax code and validation, enforces federal tax regulations and GAAP rules, with automatic updates whenever tax laws change.

• Audit trail provides full visibility and control of your fixed asset data. Open Timeline™ (a Bloomberg Tax exclusive) keeps a thorough and secure historical record of all changes.

• Comprehensive reporting eliminates time consuming manual consolidation across companies, divisions, and locations, and reduces closing time. Plus, Fixed Assets software comes with a full suite of standard and custom reports, including fileable tax forms and supporting worksheets.

• Integration with accounting and tax compliance systems removes the need for manual data entry and manipulation to keep your fixed assets data synchronized, up to date, and accurate for all companies and entities.