Switching from Bloomberg Tax
A Bloomberg Tax Fixed Assets register converts with every book and every year intact.
We convert the books you use and keep the ones you might, at no per-asset charge.
| Source field | Fixed Asset Desk field | Status |
|---|---|---|
| Internal book | Book | Mapped |
| Tax book | Federal | Mapped |
| State book | State | Mapped |
| AMT book | AMT | Mapped |
| ACE book | User-defined book 1 | Mapped |
| Prior accumulated (all books) | Prior depreciation by book | Loaded as filed |
| Property type / est. life | Class / life | Table |
| Averaging convention | Convention | Table |
| G/L asset acct, expense acct | GL accounts | Mapped |
| Custom field 3 (Grant no.) | Custom: Grant number | Created |
| Validation: 1,284 loaded · 0 rejected · 3 warnings (unusual method and life combinations flagged for review) · Map saved as "Bloomberg Tax standard" | ||
What we need from you.
The asset detail export for each book, the current-year and prior-year depreciation reports, the disposal report, and the last Form 4562 by entity.
- Time
- 5 to 7 business days from the file to the parallel run
- Price
- Quoted on the file, fixed once given
- Who
- Our staff, not a wizard; the same account manager afterwards
Every field carries over.
| In Bloomberg Tax | In Fixed Asset Desk | How |
|---|---|---|
| Federal book | Federal | Direct |
| GAAP or financial book | Book | Direct |
| State books (per state) | State | One state book per asset; multi-state registers reviewed case by case |
| AMT and E&P books | AMT; E&P as user-defined | Direct |
| Prior accumulated depreciation by book | Prior depreciation by book | Loaded as filed |
| Bonus and Section 179 by year | First-year elections | Loaded per asset and year |
| Entities, divisions, locations | Entities and locations | Recreated with GL mappings |
| Disposals and transfers | Events with dates | Loaded from history |
| Fully depreciated assets | Kept | No charge |
The tie-out has five steps.
- You send the export and your last filed schedule. Fixed quote within one business day.
- We load every asset with prior depreciation in each book.
- You run the last closed year in parallel. Our report reconciles cost, accumulated depreciation and expense to your filed figures.
- Differences are explained before go-live. You keep the reconciliation for your auditor.
- Go live with the same account manager.
Things to know.
Reviewers of Bloomberg Tax Fixed Assets report per-asset pricing, a charge to keep fully depreciated assets, and Excel exports that need cleanup. Our plans count records but charge nothing for fully depreciated ones, and our Excel exports carry numbers as numbers.
Statements about Bloomberg Tax Fixed Assets come from the vendor's public website and published user reviews as of September 2026: pro.bloombergtax.com product pages; Capterra and G2 reviews, 2024 to 2026; Fixed Assets Desk Inc. vendor review, September 2026 (summary on request).
The questions asked before leaving Bloomberg Tax, answered.
Will we lose depreciation history moving from Bloomberg Tax?
No. Every asset is loaded with prior accumulated depreciation in each book, as filed; methods, lives, conventions and elections are mapped, not re-derived.
How long does the conversion take?
Five to seven business days from the export to the parallel run, for most registers.
What does it cost?
Quoted on the export. Multi-state registers with many state books are quoted accordingly.
What if the old register carried an error into a filed return?
We show it to you rather than reproduce it silently; you decide whether to match the return or correct it going forward.
What happens to our fully depreciated assets?
They are kept, with their history, at no charge.
Try it on your own register.
Fourteen days, the full product, no card. Load your assets, run a schedule, compare it with what you filed.
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Priced by asset records. Every plan is the full product. Your data is exportable in full, at any time, at no charge. Plans from $1,000 a year.