Financial Edge vs. QuickBooks Desktop Enterprise

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Financial Edge
Score 6.0 out of 10
N/A
N/AN/A
QuickBooks Desktop Enterprise
Score 8.3 out of 10
N/A
QuickBooks Desktop Enterprise is a widely-used accounting package designed for small to mid-sized businesses. It is the top of the QuickBooks line. Pricing starts at $3,000 for five users, and goes up depending on the number of additional users. They also offer an Advanced Inventory module for $999 / year.
$1,261
per year
Pricing
Financial EdgeQuickBooks Desktop Enterprise
Editions & Modules
No answers on this topic
Gold
1,261
per year
Platinum
1,522
per year
Gold with Remote Access
1,785.60
per year
Platinum with Remote Access
2,083.20
per year
Diamond
3,060.34
per year
Diamond with Remote Access
3,600.36
per year
Offerings
Pricing Offerings
Financial EdgeQuickBooks Desktop Enterprise
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Community Pulse
Financial EdgeQuickBooks Desktop Enterprise
Considered Both Products
Financial Edge
Chose Financial Edge
I like Financial Edge for non-profit accounting the best as it provides a great foundation for fund accounting. It integrates the best with a donor database and the reporting options are truly amazing.
QuickBooks Desktop Enterprise
Chose QuickBooks Desktop Enterprise
I have used Financial Edge (Blackbaud) in the past and the system allows more functionalities. The downside is the cost. Quickbooks Enterprise annual service plan is 1/10th of the cost of Financial Edge.
Chose QuickBooks Desktop Enterprise
QuickBooks Online - Small to mid size companies - Ease of use and customer support. Great interaction with POS systems. Best out of the box experience. QuickBooks Desktop Enterprise not good for new users - Consider hiring professional accounting consultant for training and …
Top Pros
Top Cons
Features
Financial EdgeQuickBooks Desktop Enterprise
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Financial Edge
1.0
4 Ratings
153% below category average
QuickBooks Desktop Enterprise
7.9
108 Ratings
6% above category average
Pay calculation1.03 Ratings8.7104 Ratings
Benefit plan administration1.02 Ratings7.861 Ratings
Direct deposit files1.02 Ratings8.090 Ratings
Salary revision and increment management1.03 Ratings7.782 Ratings
Reimbursement management1.04 Ratings7.583 Ratings
Customization
Comparison of Customization features of Product A and Product B
Financial Edge
1.0
7 Ratings
150% below category average
QuickBooks Desktop Enterprise
7.5
74 Ratings
6% above category average
API for custom integration1.05 Ratings7.857 Ratings
Plug-ins1.07 Ratings7.168 Ratings
Security
Comparison of Security features of Product A and Product B
Financial Edge
1.0
9 Ratings
155% below category average
QuickBooks Desktop Enterprise
8.3
156 Ratings
4% above category average
Single sign-on capability1.06 Ratings8.3118 Ratings
Role-based user permissions1.09 Ratings8.2154 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Financial Edge
1.0
9 Ratings
153% below category average
QuickBooks Desktop Enterprise
8.3
173 Ratings
9% above category average
Dashboards1.09 Ratings8.4148 Ratings
Standard reports1.09 Ratings8.6171 Ratings
Custom reports1.09 Ratings8.1166 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Financial Edge
1.0
10 Ratings
152% below category average
QuickBooks Desktop Enterprise
8.1
177 Ratings
9% above category average
Accounts payable1.09 Ratings8.8170 Ratings
Accounts receivable1.07 Ratings8.9169 Ratings
Cash management1.09 Ratings8.4155 Ratings
Bank reconciliation1.010 Ratings9.0168 Ratings
Expense management1.08 Ratings8.3155 Ratings
Time tracking1.04 Ratings6.577 Ratings
Fixed asset management1.08 Ratings8.1115 Ratings
Multi-currency support1.05 Ratings7.757 Ratings
Multi-division support1.06 Ratings8.093 Ratings
Regulations compliance1.07 Ratings8.265 Ratings
Electronic tax filing1.04 Ratings8.187 Ratings
Self-service portal1.07 Ratings6.667 Ratings
Global Financial Support1.06 Ratings6.432 Ratings
Primary and Secondary Ledgers1.08 Ratings8.161 Ratings
Intercompany Accounting1.08 Ratings8.175 Ratings
Localizations1.05 Ratings8.145 Ratings
Journals and Reconciliations1.08 Ratings8.9126 Ratings
Enterprise Accounting1.06 Ratings8.586 Ratings
Configurable Accounting1.07 Ratings8.383 Ratings
Centralized Rules Framework1.06 Ratings8.150 Ratings
Standardized Processes1.07 Ratings8.794 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Financial Edge
1.0
3 Ratings
150% below category average
QuickBooks Desktop Enterprise
7.6
104 Ratings
8% above category average
Inventory tracking1.02 Ratings8.1100 Ratings
Automatic reordering1.02 Ratings7.353 Ratings
Location management1.03 Ratings8.366 Ratings
Manufacturing module1.02 Ratings6.850 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Financial Edge
1.0
2 Ratings
152% below category average
QuickBooks Desktop Enterprise
8.4
129 Ratings
13% above category average
Pricing1.02 Ratings8.695 Ratings
Order entry1.02 Ratings8.6101 Ratings
Credit card processing1.02 Ratings7.790 Ratings
Cost of goods sold1.02 Ratings8.3114 Ratings
Order Orchestration1.02 Ratings8.255 Ratings
End-to-end order visibility1.02 Ratings8.352 Ratings
Order exception Resolution1.02 Ratings8.739 Ratings
Best Alternatives
Financial EdgeQuickBooks Desktop Enterprise
Small Businesses
QuickBooks Self-Employed
QuickBooks Self-Employed
Score 9.1 out of 10
QuickBooks Self-Employed
QuickBooks Self-Employed
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 8.1 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Financial EdgeQuickBooks Desktop Enterprise
Likelihood to Recommend
1.0
(10 ratings)
8.5
(188 ratings)
Likelihood to Renew
-
(0 ratings)
9.8
(17 ratings)
Usability
2.0
(1 ratings)
9.2
(11 ratings)
Availability
-
(0 ratings)
10.0
(4 ratings)
Performance
-
(0 ratings)
10.0
(3 ratings)
Support Rating
1.0
(1 ratings)
6.0
(5 ratings)
In-Person Training
-
(0 ratings)
7.0
(1 ratings)
Online Training
-
(0 ratings)
9.1
(3 ratings)
Implementation Rating
-
(0 ratings)
9.0
(8 ratings)
Configurability
-
(0 ratings)
10.0
(3 ratings)
Ease of integration
-
(0 ratings)
9.1
(2 ratings)
Product Scalability
-
(0 ratings)
10.0
(3 ratings)
Vendor post-sale
-
(0 ratings)
9.0
(3 ratings)
Vendor pre-sale
-
(0 ratings)
10.0
(3 ratings)
User Testimonials
Financial EdgeQuickBooks Desktop Enterprise
Likelihood to Recommend
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).
Read full review
Intuit
QuickBooks Desktop Enterprise is very flexible. When you have made a mistake, most mistakes are fixed easily. This is wonderful if you know what you are doing. If you don't know what you are doing QuickBooks Desktop Enterprise gives the user, the ability to do many things incorrectly. If you are not an accountant, you don't know you are doing it incorrectly. That can be a problem.
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Pros
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.
Read full review
Intuit
  • Detailed organization of financial information
  • Several security measures and double check systems to ensure incorrect entries aren't made. This prevents accidental errors and protects the company from fraud.
  • Ease of overall use
  • Reporting can be as detailed or as general as you prefer. Each report allows you to look at the overall picture or access specific details of each aspect of the company financials.
Read full review
Cons
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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Intuit
  • I would like to see more ways to customize reports and have that process be more user friendly.
  • I would like to see the process of creating year end giving statements be made more user friendly. Since I only do it once a year, I have to figure the process out every year.
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Likelihood to Renew
Blackbaud
No answers on this topic
Intuit
We've been using QuickBooks Enterprise Solutions from when the business started, 11 years ago. I don't see us changing programs any time soon as it is working pretty well for us now. It would be extremely time consuming to start from scratch with a new accounting or inventory management program.
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Usability
Blackbaud
It's user friendly, when it wants to be.
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Intuit
QuickBooks provides all staff immediate access to the data in whatever form each person wants it. The balancing on entries prevents incorrect data entry on payables/receivables. Reports are easy to customize and save for future use. The records are easy to audit.
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Reliability and Availability
Blackbaud
No answers on this topic
Intuit
They have always been available to meet our needs when we need it. We have had zero complaints with getting the assistance we need.
Read full review
Performance
Blackbaud
No answers on this topic
Intuit
QB is a good and reliable system. We probably should have explore the other modules rather that jump in to the conclusion that we needed a new ERP.
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Support Rating
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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Intuit
Very rare do I call the Quickbooks Enterprise Solutions support staff and I get a customer service associate quickly. On average, my wait time is near an hour, and at times even longer. After spending the first three minutes discussing my problem, they then begin to poke and prod around, sometimes the questions continue. But 80% of the time, the problem is over their head and they have to escalate the issue. The only problem is this escalation arrives usually after spending forty-five minutes poking and proding around but learning nothing. In short, my experience is rarely all that well, let alone great
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In-Person Training
Blackbaud
No answers on this topic
Intuit
It is a very easy system to learn, so with the help it was even easier. QB is a good solid system, but it lacks some of the complexity other systems have. with QB you need to get additional modules to get the same functionality that other systems offer standard
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Online Training
Blackbaud
No answers on this topic
Intuit
easy to learn system, specially with some kind of support. Just like with any other system, things get lot easier if you have guidance to lead you in your search for answers. having said that, QB is very easy to use and very easy to teach. you wont spend much time memorizing where to click.
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Implementation Rating
Blackbaud
No answers on this topic
Intuit
If you're loading QuickBooks Enterprise Solutions onto a computer that you're going to directly log into, you should be able to do it yourself. If you are going to connect to a server through a network or remote connection, you should probably have a professional IT person set it up for you.
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Alternatives Considered
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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Intuit
We have selected this product as it is affordoable in terms of pricing and features too. Our clients is geeting lots of benefits by using this product. By using QuickBooks desktop client also manage the information realted to financials and also get the clear picture for the future by using the accounting information from this product.
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Scalability
Blackbaud
No answers on this topic
Intuit
It has worked for our small company in every way. We have very little issues with the software and when we have had problems, Intuit has stepped up and resolved in promptly.
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Return on Investment
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.
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Intuit
  • Good value for the price. The initial setup was quick and easy.
  • When properly set up and processes are followed it's decent at managing inventory which is something we had problems with. Have to have a dedicated employee to builds.
  • Rolling up costs in multi-level BOM's is a project each time we have to review costs, it's very time consuming to manually update all assemblies.
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