BNA Fixed Assets Software: Features & Benefits
Time-Saving Fixed Asset Management Tools
BNA Fixed Assets™ software is easy and efficient to use – yet incredibly powerful and flexible. Our fixed asset software delivers a comprehensive and flexible fixed asset and depreciation management system with built-in tools to simplify set-up and ongoing management of your fixed assets.
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Company and Book Features
BNA Fixed Assets software delivers a comprehensive and flexible 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
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 assets depreciation method variations: 11 methods (table or formula), 5 depreciation rates, 9 averaging conventions, and 20 property types
- Automatic application of mid-quarter convention
Audit Tracking & Audit Trail
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 assets 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)
Construction In Progress (CIP)
The construction in progress (CIP) capabilities within BNA Fixed Assets software 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:
- Track CIP assets for multiple projects
- Adjust your fixed assets before project completion
- Convert CIP assets into depreciating assets
- Control and compare budgeted expenses to actual expenses
More Fixed Asset Software Features
Read the Complete List of BNA Fixed Assets Features (PDF) »
Get Started With BNA Fixed Assets Software
Start managing your fixed assets and depreciation more efficiently and confidently with BNA Fixed Assets software.
Get Started With a Free 30-Day Trial » or Watch a Short Product Demo »
Customer Success Stories
Find out how our customers are using BNA Fixed Assets software for fixed assets and depreciation management.
Read the Customer Success Stories »
What Others Say
Five-Star Review from CPA Practice Advisor
"BNA Fixed Assets DesktopPro is among the most comprehensive of asset management systems on the market."
Read the 5-Star Review of BNA Fixed Assets DesktopPro »
2011 Review from The Progressive Accountant
"This is a high-quality, easy-to-use program that can do it all."
Read the Review of Fixed Assets Software »
