Clearbooks vs. Financial Edge

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Clearbooks
Score 7.0 out of 10
N/A
ClearBooks Accounting is simple cloud accounting software, from Clear Books plc located in the UK, that is tailored to the needs of small businesses and start ups in the UK, or bookkeepers and accountants. It contains core accounting features like automated invoicing, document / image importing for capturing receipts, VAT returns direct to HMRC and a customizable dashboard (tax management), expense and purchase management with recurring billing capability, basic financial reporting features for…N/A
Financial Edge
Score 6.0 out of 10
N/A
N/AN/A
Pricing
ClearbooksFinancial Edge
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
ClearbooksFinancial Edge
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
ClearbooksFinancial Edge
Top Pros
Top Cons
Features
ClearbooksFinancial Edge
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Clearbooks
5.0
1 Ratings
39% below category average
Financial Edge
1.0
10 Ratings
152% below category average
Accounts payable5.01 Ratings1.09 Ratings
Accounts receivable5.01 Ratings1.07 Ratings
Cash management5.01 Ratings1.09 Ratings
Bank reconciliation5.01 Ratings1.010 Ratings
Expense management5.01 Ratings1.08 Ratings
Fixed asset management5.01 Ratings1.08 Ratings
Time tracking00 Ratings1.04 Ratings
Multi-currency support00 Ratings1.05 Ratings
Multi-division support00 Ratings1.06 Ratings
Regulations compliance00 Ratings1.07 Ratings
Electronic tax filing00 Ratings1.04 Ratings
Self-service portal00 Ratings1.07 Ratings
Global Financial Support00 Ratings1.06 Ratings
Primary and Secondary Ledgers00 Ratings1.08 Ratings
Intercompany Accounting00 Ratings1.08 Ratings
Localizations00 Ratings1.05 Ratings
Journals and Reconciliations00 Ratings1.08 Ratings
Enterprise Accounting00 Ratings1.06 Ratings
Configurable Accounting00 Ratings1.07 Ratings
Centralized Rules Framework00 Ratings1.06 Ratings
Standardized Processes00 Ratings1.07 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Clearbooks
-
Ratings
Financial Edge
1.0
4 Ratings
153% below category average
Pay calculation00 Ratings1.03 Ratings
Benefit plan administration00 Ratings1.02 Ratings
Direct deposit files00 Ratings1.02 Ratings
Salary revision and increment management00 Ratings1.03 Ratings
Reimbursement management00 Ratings1.04 Ratings
Customization
Comparison of Customization features of Product A and Product B
Clearbooks
-
Ratings
Financial Edge
1.0
7 Ratings
150% below category average
API for custom integration00 Ratings1.05 Ratings
Plug-ins00 Ratings1.07 Ratings
Security
Comparison of Security features of Product A and Product B
Clearbooks
-
Ratings
Financial Edge
1.0
9 Ratings
155% below category average
Single sign-on capability00 Ratings1.06 Ratings
Role-based user permissions00 Ratings1.09 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Clearbooks
-
Ratings
Financial Edge
1.0
9 Ratings
153% below category average
Dashboards00 Ratings1.09 Ratings
Standard reports00 Ratings1.09 Ratings
Custom reports00 Ratings1.09 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Clearbooks
-
Ratings
Financial Edge
1.0
3 Ratings
150% below category average
Inventory tracking00 Ratings1.02 Ratings
Automatic reordering00 Ratings1.02 Ratings
Location management00 Ratings1.03 Ratings
Manufacturing module00 Ratings1.02 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Clearbooks
-
Ratings
Financial Edge
1.0
2 Ratings
152% below category average
Pricing00 Ratings1.02 Ratings
Order entry00 Ratings1.02 Ratings
Credit card processing00 Ratings1.02 Ratings
Cost of goods sold00 Ratings1.02 Ratings
Order Orchestration00 Ratings1.02 Ratings
End-to-end order visibility00 Ratings1.02 Ratings
Order exception Resolution00 Ratings1.02 Ratings
Best Alternatives
ClearbooksFinancial Edge
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
ClearbooksFinancial Edge
Likelihood to Recommend
7.0
(1 ratings)
1.1
(10 ratings)
Usability
-
(0 ratings)
2.0
(1 ratings)
Support Rating
-
(0 ratings)
1.0
(1 ratings)
User Testimonials
ClearbooksFinancial Edge
Likelihood to Recommend
Clearbooks
Larger companies, multi-currency. Clearbooks is in a competitive environment with Xero, SageOne, FreeAgent, Intuit etc., etc.
Read full review
Blackbaud
  • Financial Edge is well suited for traditional day to day accounting, accounts payable, and related needs.
  • Financial Edge dashboard does not provide a snapshot view of data that I have found are available through other platforms (like QBO).
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Pros
Clearbooks
  • SaaS, so accessible by anyone, anywhere in the world via a browser
  • Clear and straight forward navigation
  • Good choice of management reports
Read full review
Blackbaud
  • Financial edge is able to be customized in a way that fits our organization.
  • Financial edge is able to provide reports to our end-users on budget versus actual account balances.
  • Financial edge is able to handle a large volume of transactions with ease, having built-in capabilities for batching and balancing.
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Cons
Clearbooks
  • Like any SaaS product, Clearbooks is continuously evolving and being improved
  • Some of the reports still need some work
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Blackbaud
  • Customer service blames the customer, and never offers solutions other than "wait it out." I've always been told it's my computer, even though everyone else at my work has the same issues.
  • Website is constantly "under maintenance" and it somehow never gets better.
  • The Database View is outdated and glitchy. Honestly get rid of it.
  • The Crystal Report is the only way to handle monthly recurring statements, and Financial Edge does not offer support for it anymore. Good luck figuring that out on your own.
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Usability
Clearbooks
No answers on this topic
Blackbaud
It's user friendly, when it wants to be.
Read full review
Support Rating
Clearbooks
No answers on this topic
Blackbaud
I would give this a zero if I could. Here's the deal. Once you request a chat with a representative, they immediately respond. So responsiveness: 10/10. However, they have a tendency to (always) tell you that whatever problem you're experiencing is your problem, not theirs. They offer no solutions and never take responsibility for their website malfunctioning
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Alternatives Considered
Clearbooks
Clearbooks was chosen 5 years ago as our accountant recommended it. There is an element of inertia in moving accounts packages.
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Blackbaud
Financial Edge is more economical than GuideStar, and more focused on the financial successes than simply the management of funds and general data.
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Return on Investment
Clearbooks
  • I am not sure that ROI is an appropriate measure for an accounts package. The cost is around £250/year, which is a tiny fraction of the cost of a bookkeeper/finance controller/finance director/CFO.
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Blackbaud
  • Like any enterprise software, there are costs/investments ahead of return. It isn't something you would implement without support.
  • During the significant financial downturn, we were able to use FE to forecast trends and make budget adjustments easily. It transformed communication about forecasting and cuts with assurance.
Read full review
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