BNA Fixed Assets Features & Benefits

Time-Saving Fixed Asset Management Tools

BNA Fixed Assets™ software is easy and efficient to use – yet incredibly powerful and flexible. You’ll be be able to manage your fixed assets more efficiently and improve accuracy with BNA's time-saving features, built-in expert guidance, the most accurate and up-to-date tax depreciation calculations, comprehensive reporting, and support for construction in progress (CIP).

Our fixed asset software delivers a comprehensive and flexible fixed asset and tax depreciation management solution with built-in tools to simplify set-up and ongoing management of your fixed assets.

Templates for new company set ups
Up to 200 short tax years supported
Automatic calculation of GAAP, Federal Tax, AMT, ACE, E&P, and up to 99 user-defined depreciation books
Unlimited companies in a consolidation

Open Timeline and Document Controls

With the industry’s only true Open Timeline™ as well as comprehensive audit trail tracking, BNA Fixed Assets assures your depreciation calculations reflect correct values at any point in time for the most accurate reporting.

Secure audit trail and data history viewing capability for fixed asset calculation modifications at any point in time
Full data entry validation
Full audit trail for every depreciation book through the asset viewer panel
Prior periods protection with built-in system alerts
Image and document attachment capability for each asset
Detailed asset audit trail and documentation for all changes made to fixed asset data

Asset Entry, Maintenance, and Operations

BNA Fixed Assets is designed to increase your fixed asset management efficiency and accuracy, while reducing common data entry errors through standardized depreciation policies and built-in templates.

More than 30 program wizards — including mass data changes and company update, asset splits, consolidation, bonus depreciation updates, and more — take the drudgery out of routine fixed asset management tasks
Asset Type templates to add, rename, delete, and duplicate Asset Types
Modifiable user-defined fields and book-specific fields such as Property Type, Life, Method, Rate, Placed-In-Service Date, Convention
Over 20 customizable fields plus 20 additional user-defined fields
Configurable Asset List
Unlimited internal asset transfers between departments, cost centers, divisions, etc., with all history retained
Enhanced General Ledger Journal Entry export including predefined file formats
Company Assets Consolidation feature (multiple files into one company)

Modifications and Disposals

BNA Fixed Assets is the only fixed asset software that lets you track changes made to fixed asset data at any point in the lifetime of the asset — from placed-in-service date to date-of-disposal — while preserving the history of that fixed asset. You can always recreate previous filings at the click of a button. This applies to changes that are made to the asset as well as to scenarios such as the transfer of an asset between legal entities (or between different departments), splitting (and partial disposal) of an asset, and like-kind exchanges.

Plus, BNA Fixed Assets includes a validation engine that enforces compliance to tax regulations and GAAP rules. The fixed asset software automatically applies the necessary requirements (such as use of mid-quarter convention) and is always updated to reflect regulatory changes.

Tax Depreciation Calculations

With the industry’s most accurate and up-to-date fixed assets depreciation calculations supported by unparalleled domain expertise, BNA Fixed Assets helps you implement the right fixed asset depreciation policies for compliance against today’s complex tax regulations and GAAP rules.

Individual and Mass Dispositions including Sale, Retirement, and Like-Kind Exchanges; gain and loss calculations for 1245, 1250, and 1231 property; sale of assets including ordinary and capital gain calculations; and disposals
Investment Tax Credit, Indian Reservation Property, etc.
Section 179 expense deduction and Section 179 Investment Limitation including rules for enterprise zone, clean fuel vehicles
Additional First Year Bonus Depreciation for federal and states, NY Liberty Zone calculations, and ability to handle states that fully conform, do not conform, or partially conform to federal bonus rules
Extensive fixed asset depreciation method variations: 11 methods (table or formula), 5 depreciation rates, 9 averaging conventions, and 20 property types
Automatic application of mid-quarter convention

BNA Fixed Assets Construction In Progress (CIP)

The construction in progress (CIP) capabilities within BNA Fixed Assets let you better manage construction projects – streamlining the accounting process and ensuring more accurate tracking. Track your fixed assets even before they become assets.

Whether you’re upgrading machinery, renovating buildings, or accumulating invoices before placing a fixed asset into service, CIP is the ideal solution to: