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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Financial Edge (legacy)

    Score6.8 out of 10
    N/AA legacy software offering, Blackbaud now instead offers and supports their cloud-based accounting solution, Blackbaud Financial Edge NXT as a modern alternative.N/A

    FreshBooks

    Score9.2 out of 10
    Small Businesses (1-50 employees)
    FreshBooks is an accounting service for small businesses. The solution enables users to send and manage invoices, track billable time and collect online payments. The vendor’s value proposition this that their solution provides a straightforward service that simplifies the billing process.

    $21

    per month

    Pricing
    Financial Edge (legacy)FreshBooks
    Editions & Modules
    No answers on this topic
    Lite
    $21
    per month
    Plus
    $38
    per month
    Premium
    $65
    per month
    Select
    Custom Pricing
    Offerings
    Pricing Offerings
    Financial Edge (legacy)FreshBooks
    Free Trial
    NoYes
    Free/Freemium Version
    NoYes
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details—10% discount for annual pricing.
    More Pricing Information
    Community Pulse
    Financial Edge (legacy)FreshBooks
    Considered Both Products
    Discontinued Products
    No answer on this topic
    FreshBooks
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    69%
    Would buy again
    9 Answers
    Delivers good value for the price
    No answers on this topic
    82%
    Delivers good value for the price
    9 Answers
    Happy with the feature set
    No answers on this topic
    54%
    Happy with the feature set
    7 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    64%
    Lived up to sales and marketing promises
    7 Answers
    Implementation went as expected
    No answers on this topic
    62%
    Implementation went as expected
    8 Answers
    Features
    Financial Edge (legacy)FreshBooks
    Payroll Management
    Comparison of Payroll Management features of Financial Edge (legacy) and FreshBooks
    Feature
    Financial Edge (legacy)
    1.0
    4 Ratings
    153% below category average
    FreshBooks
    -
    Ratings
    Pay calculation1.03 Ratings00 Ratings
    Benefit plan administration1.02 Ratings00 Ratings
    Direct deposit files1.02 Ratings00 Ratings
    Salary revision and increment management1.03 Ratings00 Ratings
    Reimbursement management1.04 Ratings00 Ratings
    Customization
    Comparison of Customization features of Financial Edge (legacy) and FreshBooks
    Feature
    Financial Edge (legacy)
    1.0
    7 Ratings
    153% below category average
    FreshBooks
    9.1
    35 Ratings
    18% above category average
    API for custom integration1.05 Ratings9.330 Ratings
    Plug-ins1.07 Ratings9.026 Ratings
    Security
    Comparison of Security features of Financial Edge (legacy) and FreshBooks
    Feature
    Financial Edge (legacy)
    1.0
    9 Ratings
    156% below category average
    FreshBooks
    10.0
    41 Ratings
    20% above category average
    Single sign-on capability1.06 Ratings10.01 Ratings
    Role-based user permissions1.09 Ratings10.041 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Financial Edge (legacy) and FreshBooks
    Feature
    Financial Edge (legacy)
    1.0
    9 Ratings
    155% below category average
    FreshBooks
    7.5
    57 Ratings
    4% below category average
    Dashboards1.09 Ratings9.057 Ratings
    Standard reports1.09 Ratings8.855 Ratings
    Custom reports1.09 Ratings4.82 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Financial Edge (legacy) and FreshBooks
    Feature
    Financial Edge (legacy)
    1.0
    10 Ratings
    154% below category average
    FreshBooks
    7.5
    56 Ratings
    2% below category average
    Accounts payable1.09 Ratings8.041 Ratings
    Accounts receivable1.07 Ratings9.455 Ratings
    Cash management1.09 Ratings7.03 Ratings
    Bank reconciliation1.010 Ratings7.02 Ratings
    Expense management1.08 Ratings6.651 Ratings
    Time tracking1.04 Ratings7.642 Ratings
    Fixed asset management1.08 Ratings00 Ratings
    Multi-currency support1.05 Ratings7.01 Ratings
    Multi-division support1.06 Ratings00 Ratings
    Regulations compliance1.07 Ratings6.021 Ratings
    Electronic tax filing1.04 Ratings00 Ratings
    Self-service portal1.07 Ratings9.13 Ratings
    Global Financial Support1.06 Ratings00 Ratings
    Primary and Secondary Ledgers1.08 Ratings00 Ratings
    Intercompany Accounting1.08 Ratings00 Ratings
    Localizations1.05 Ratings00 Ratings
    Journals and Reconciliations1.08 Ratings00 Ratings
    Enterprise Accounting1.06 Ratings00 Ratings
    Configurable Accounting1.07 Ratings00 Ratings
    Centralized Rules Framework1.06 Ratings00 Ratings
    Standardized Processes1.07 Ratings00 Ratings
    Inventory Management
    Comparison of Inventory Management features of Financial Edge (legacy) and FreshBooks
    Feature
    Financial Edge (legacy)
    1.0
    3 Ratings
    152% below category average
    FreshBooks
    -
    Ratings
    Inventory tracking1.02 Ratings00 Ratings
    Automatic reordering1.02 Ratings00 Ratings
    Location management1.03 Ratings00 Ratings
    Manufacturing module1.02 Ratings00 Ratings
    Order Management
    Comparison of Order Management features of Financial Edge (legacy) and FreshBooks
    Feature
    Financial Edge (legacy)
    1.0
    2 Ratings
    152% below category average
    FreshBooks
    9.5
    49 Ratings
    25% above category average
    Pricing1.02 Ratings8.839 Ratings
    Order entry1.02 Ratings9.337 Ratings
    Credit card processing1.02 Ratings9.741 Ratings
    Cost of goods sold1.02 Ratings10.01 Ratings
    Order Orchestration1.02 Ratings00 Ratings
    End-to-end order visibility1.02 Ratings00 Ratings
    Order exception Resolution1.02 Ratings00 Ratings
    Best Alternatives
    Financial Edge (legacy)FreshBooks
    Small Businesses
    QuickBooks Self-Employed (discontinued)
    Score4.2 out of 10
    QuickBooks Self-Employed (discontinued)
    Score4.2 out of 10
    Medium-sized Companies
    MYOB
    Score8.3 out of 10
    MYOB
    Score8.3 out of 10
    Enterprises
    Microsoft Dynamics GP
    Score5.4 out of 10
    Microsoft Dynamics GP
    Score5.4 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Financial Edge (legacy)FreshBooks
    Likelihood to Recommend
    1.0
    (10 ratings)
    7.6
    (75 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    7.6
    (18 ratings)
    Usability
    2.0
    (1 ratings)
    9.6
    (20 ratings)
    Availability
    -
    (0 ratings)
    10.0
    (2 ratings)
    Performance
    -
    (0 ratings)
    8.0
    (1 ratings)
    Support Rating
    1.0
    (1 ratings)
    6.0
    (11 ratings)
    Implementation Rating
    -
    (0 ratings)
    10.0
    (1 ratings)
    CPA Rating
    -
    (0 ratings)
    7.0
    (1 ratings)
    User Testimonials
    Financial Edge (legacy)FreshBooks
    Likelihood to Recommend
    Discontinued Products
    • 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).
    Incentivized
    Read full review
    FreshBooks
    I recommend FreshBooks to anyone running a service-based business that needs invoicing, time reporting, and accounting tools. FB is adept in all three of these scenarios and isn't overly complicated like similar accounting packages I have used. I love how I can write estimates and proposals, manage the business development process from the software, and quickly convert prospects to invoiced clients.
    Incentivized
    Read full review
    Pros
    Discontinued Products
    • 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.
    Incentivized
    Read full review
    FreshBooks
    • Invoicing - FreshBooks basically ensures our accountants spend less time on invoices via its automated invoicing system, which sends invoices to our customers and clients alike and also send them regular reminders for them to pay up their bills.
    • Collecting business insights - FreshBooks enable our company analysts measure our business performances via data reports provided by FreshBooks' intuitive dashboard. Allowing us do a comparative analysis of key business metrics of a current month against past months and determine if the business is growing.
    • Expense tracker - We have recently embraced FreshBooks as an expense tracker for teams at our company branch. Thusfar, FreshBooks has performed very well, making our expense management a perfect operation; ensuring teams do not exceed their planned budget and also eliminating the need for tracking expenses on excel spreadsheets.
    Incentivized
    Read full review
    Cons
    Discontinued Products
    • 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.
    Read full review
    FreshBooks
    • I can brand invoices with my business logo, but I might like to change colours of the invoices themselves to match the rest of my business documents. That isn't a major point at all, but it's something that I'd like to see.
    • Freshbooks doesn't remember the categories that similar expenses were previously assigned to. It would be nice if Freshbooks would suggest a category for an already saved vendor, to ensure the consistency of expense reporting.
    • The home page of a Freshbooks account has a great graph display of expenses and income, but it only shows the last 6 months. This is still very useful, but I'd like to be able to see this kind of graph for different periods of time.
    Read full review
    Likelihood to Renew
    Discontinued Products
    No answers on this topic
    FreshBooks
    At the current needs of our business, FreshBooks suits us perfectly - it allows online access by our accountant to the system for GST purposes, easy input of expenses and tracking of Profit and Loss statements. FreshBooks customer service is great as well - very understanding and accommodating.
    Read full review
    Usability
    Discontinued Products
    It's user friendly, when it wants to be.
    Read full review
    FreshBooks
    FreshBooks is very easy to use even for novices. If you're looking for an online accounting software that is full of features, has great aesthetics and is user-friendly, then this is definitely the software for you. I've been using it for several years now and despite being tempted to switch by other vendors, I like the feel of FreshBooks and it's mobile features.
    Incentivized
    Read full review
    Reliability and Availability
    Discontinued Products
    No answers on this topic
    FreshBooks
    FreshBooks is easy to use and always works!
    Incentivized
    Read full review
    Support Rating
    Discontinued Products
    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
    Read full review
    FreshBooks
    I think the support level for FreshBooks is on par with a 6 because the folks behind this application do a fairly good job at providing support for their customer base. I still don't think they are at an elite level when it comes to supporting but are getting there although too slow in my opinion.
    Incentivized
    Read full review
    Implementation Rating
    Discontinued Products
    No answers on this topic
    FreshBooks
    I haven't changed my mind since my first evaluation. Freshbooks is still meeting my needs, easy to use, etc.
    Read full review
    Alternatives Considered
    Discontinued Products
    Financial Edge is more economical than GuideStar, and more focused on the financial successes than simply the management of funds and general data.
    Incentivized
    Read full review
    FreshBooks
    FreshBooks does very well in comparison, especially since it is free software for Barclays bank users. Sage software is much worse than FreshBooks. However, Xero and QuickBooks, the market leaders, are still ahead with usability, additional features, reporting, and connection with third-party software providers. We chose FreshBooks as it does everything we require from this type of software.
    Incentivized
    Read full review
    Return on Investment
    Discontinued Products
    • 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.
    Incentivized
    Read full review
    FreshBooks
    • In reality, we do not implement all of its use at the moment in order to determine an adequate ROI.
    • In our approach to the use of the system, it seems to us a considerable time saving by achieving the integration of the Mexican subsidiary with its parent located in the US.
    • Financial reports meet the necessary USGAAP requirements.
    Incentivized
    Read full review
    ScreenShots

    FreshBooks Screenshots

    Screenshot of the dashboardScreenshot of an invoice overviewScreenshot of an example of a customizable invoiceScreenshot of an invoice appearing across devicesScreenshot of expensesScreenshot of time tracking