CPA Practice Advisor - 29

FIXED ASSET MGMT SYSTEMS: REVIEW
Acumatica Cloud ERP Fixed Asset Management
www.acumatica.com
Fixed Asset Management from Acumatica Cloud ERP is best suited for
businesses of any size that are using
or planning to use other Acumatica
applications. Fixed Asset Management
can also be used by accounting firms
tasked with managing fixed assets for
clients. Part of Acumatica's Financial
Management Suite, the product

integrates with other modules such
as GL, AR, AP, and the Purchase Order
module, which allows users to easily
convert purchases directly into a fixed
asset if eligible, with users able to
define which assets are eligible during
the setup process. If a purchased item
is deemed eligible, the purchase will be
displayed on screen, with a predefined
depreciation schedule available for

use; reducing the need for manual
data entry. Acumatica applications
are available exclusively on the cloud,
with a mobile app available for both iOS
and Android smartphones and tablets.
As an ERP cloud application, the
product can be scaled up or down
to fit the needs of businesses of just
about any size, and companies using
Acumatica can easily share module

Bloomberg Tax Fixed Assets
www.bloombergtaxtech.com
Bloomberg Tax Fixed Assets is a good
fit for accounting firms of any size.
The application would also be a good
solution for corporate tax departments
tasked with tracking fixed assets and
depreciation. Powered by the Advantage Platform, which facilitates better
integration with other Bloomberg

applications, the platform provides
users with easy access to all products
with a single login. Bloomberg also
offers the Fixed Assets Suite, which
includes fixed asset management,
inventory, and product control.
Bloomberg Tax Fixed Assets is best
suited for accounting professionals
and enterprise level businesses that

need to track numerous assets. Part
of the Fixed Assets Suite, Bloomberg
Tax Fixed Assets can be used as a
stand-alone application or in conjunction with other modules in the suite.
Pricing for both Bloomberg Tax Fixed
Assets and Fixed Assets Suite varies,
depending on modules purchased and
number of users. Those interested can

CCH ProSystem fx Fixed Assets
http://TaxNA.WoltersKluwer.com
CCH ProSystem fx Fixed Assets is
well-suited for accounting firms that
currently manage a large number
of client fixed assets and depreciation, with the product supporting an
unlimited number of companies and
assets. The product is also a good fit
for businesses looking to manage fixed

assets in-house.
The product supports like-kind
exchanges, and handles a variety of
disposition types including retirement,
and sale, with the product automatically computing gains and losses on all
asset disposals, including partial asset
disposition, which is also supported in
CCH ProSystem fx Fixed Assets.

Robust when used with other CCH
ProSystem fx applications, the product
can also be used as a stand-alone asset
and depreciation management solution
if desired. Those interested in the
application can download a demo of
the application or contact the vendor
directly for an online demo of the
product. Pricing starts at around $2,500

Intuit ProSeries Fixed Asset Manager
https://proconnect.intuit.com/
proseries/
ProSeries Fixed Asset Manager from
Intuit is best suited for accounting
professionals that currently manage
fixed assets and depreciation for
clients. Fixed Asset Manager offers
seamless integration with other
ProSeries applications, making it
particularly well-suited for firms

already using other ProSeries products,
though the application can be utilized
as a stand-alone asset and depreciation
management solution if desired.
Upon login, the client base appears,
with a summary view and detail view
of the client available. Clients can be
entered manually, or imported from a
previous year or from another application if desired. Clicking on a particular

client will display a list of assets for
that particular client, with information
such as Date Acquired, Asset Description, Convention, Cost, Depreciable
Basis and other information displayed.
Fixed Asset Manager is currently
priced at $338 per year, with users
able to download the application upon
purchase from the ProSeries website.
There is also a free trial available for

AUGUST 2019 ■

4.75

2019
OVERALL
RATING

access with their accountant if desired.
Pricing for the Fixed Asset Management
module, along with other Acumatica
modules is available upon request from
Acumatica and authorized partners.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21090167

5

2019
OVERALL
RATING

request information directly from the
Bloomberg Tax website.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21090168

4.75

2019
OVERALL
RATING

per year for a single user license, with
users able to request a personalized
quote directly from the vendor.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21090170

4.75

2019
OVERALL
RATING

those who wish to try the product out
prior to purchasing.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21090173

www.CPAPracticeAdvisor.com

29
http://www.acumatica.com http://www.CPAPracticeAdvisor.com/21090167 http://www.bloombergtaxtech.com http://www.CPAPracticeAdvisor.com/21090168 http://TaxNA.WoltersKluwer.com http://www.CPAPracticeAdvisor.com/21090170 https://proconnect.intuit.com/proseries/ http://www.CPAPracticeAdvisor.com/21090173 http://www.CPAPracticeAdvisor.com
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