Bloomberg Tax
Bloomberg Tax provides comprehensive tax research, accounting intelligence, and automated corporate tax software to help you navigate complex regulatory changes and manage global compliance requirements with total confidence.
FMIS Fixed Assets
FMIS Fixed Assets is a comprehensive asset management software designed to help you track, manage, and depreciate your organization's physical and intangible assets while ensuring full international accounting compliance.
Quick Comparison
| Feature | Bloomberg Tax | FMIS Fixed Assets |
|---|---|---|
| Website | bloombergtax.com | fmis.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✓ 0 days free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 1953 | 1982 |
| Headquarters | Arlington, USA | Canterbury, UK |
Overview
Bloomberg Tax
Bloomberg Tax gives you the intelligence and tools needed to handle complex tax and accounting workflows. You can access expert-written analysis, primary source documents, and real-time news to stay ahead of legislative changes. The platform simplifies your research by connecting code sections directly to practical explanations and time-saving tools like charts and calculators.
Beyond research, you can automate your entire tax lifecycle with specialized software for fixed assets, corporate tax preparation, and international compliance. It helps you reduce manual errors and mitigate risk by providing a single source of truth for your financial data. Whether you are managing a multinational corporation or a specialized accounting firm, you can streamline your most technical tasks with ease.
FMIS Fixed Assets
FMIS Fixed Assets gives you total control over your organization's entire asset lifecycle, from initial procurement through to final disposal. You can eliminate manual spreadsheet errors by automating complex depreciation calculations across multiple books, including GAAP, IFRS, and local tax requirements. The platform provides a centralized register where you can track locations, custodians, and maintenance schedules in real-time.
You can easily manage high volumes of assets across different departments or global entities using a single, unified interface. The software scales to meet the needs of mid-market and enterprise organizations, particularly those in asset-intensive industries like manufacturing, healthcare, and education. By integrating directly with your existing ERP or finance system, you ensure that your balance sheets always reflect accurate, up-to-date asset values.
Overview
Bloomberg Tax Features
- Expert Analysis Access deep insights from leading practitioners to understand how complex tax laws apply to your specific business situations.
- Fixed Assets Management Automate your depreciation calculations and track asset lifecycles from acquisition to disposal with built-in regulatory compliance.
- Tax Research Tools Find answers quickly using intuitive search filters that link primary sources directly to practical, plain-English explanations.
- Global Tax Guide Navigate international tax treaties and country-specific regulations to manage your global footprint and cross-border transactions effectively.
- State Tax Navigators Compare tax laws across all 50 states using interactive charts to ensure you never miss a local filing requirement.
- Real-Time News Alerts Get customized daily updates on legislative developments so you can react to new tax laws before they impact your bottom line.
FMIS Fixed Assets Features
- Automated Depreciation. Calculate depreciation automatically using various methods like straight-line or reducing balance to ensure your financial reports remain accurate.
- Multi-Currency Support. Manage assets across global locations with support for multiple currencies and different international accounting standards in one system.
- Asset Tracking. Monitor the physical location and status of your equipment using barcode or RFID scanning to prevent loss and theft.
- Maintenance Management. Schedule regular servicing and track repair costs for your assets to extend their useful life and reduce unexpected downtime.
- Lease Accounting. Stay compliant with IFRS 16 and ASC 842 standards by managing your leased assets and contracts within the same platform.
- Audit Trail. Maintain a complete history of every change made to an asset record to simplify your internal and external audits.
Pricing Comparison
Bloomberg Tax Pricing
FMIS Fixed Assets Pricing
Pros & Cons
Bloomberg Tax
Pros
- Unmatched depth of expert analysis and commentary
- Highly accurate fixed asset depreciation calculations
- Excellent integration of news and primary sources
- Intuitive search functionality saves significant research time
- Reliable customer support from subject matter experts
Cons
- Premium pricing reflects its high-end enterprise positioning
- Steep learning curve for the most advanced features
- Interface can feel dense due to volume of data
FMIS Fixed Assets
Pros
- Handles complex multi-national depreciation requirements with ease
- Highly configurable to match specific industry workflows
- Excellent technical support during the implementation phase
- Seamless integration with major ERP systems like SAP and Oracle
Cons
- Interface feels dated compared to newer SaaS platforms
- Initial setup requires significant time for data migration
- Learning curve for users unfamiliar with advanced accounting