What users are saying about
29 Ratings
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Score 7.2 out of 100
336 Ratings
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Score 8.3 out of 100

Likelihood to Recommend

Financial Edge

  • 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).
William (Bill) Sanders, CPA | TrustRadius Reviewer

QuickBooks Desktop Premier

QuickBooks Premier is not well suited to manufacturing industries, as it cannot handle the complicated inventory requirements of raw materials, work in process, and finished goods. Retailers and Wholesalers can use QuickBooks Premier as long as they have an add-on inventory tracking program or Point of Sale system that integrates with QuickBooks. Likewise, restaurants would need specialized restaurant software that integrates with QuickBooks Premier. Non-profits can use QuickBooks Premier non-profit edition, but if they use fund accounting, it will require some complicated work-arounds. QuickBooks Premier is well-suited to most construction trades, personal and professional services providers, small retailers, and rental property owners.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Financial Edge
8.1
QuickBooks Desktop Premier
8.8
Pay calculation
Financial Edge
8.9
QuickBooks Desktop Premier
7.7
Benefit plan administration
Financial Edge
7.0
QuickBooks Desktop Premier
10.0
Direct deposit files
Financial Edge
8.0
QuickBooks Desktop Premier
8.1
Salary revision and increment management
Financial Edge
7.6
QuickBooks Desktop Premier
9.9
Reimbursement management
Financial Edge
9.0
QuickBooks Desktop Premier
8.0

Customization

Financial Edge
8.1
QuickBooks Desktop Premier
1.3
API for custom integration
Financial Edge
7.8
QuickBooks Desktop Premier
1.3
Plug-ins
Financial Edge
8.4
QuickBooks Desktop Premier
1.3

Security

Financial Edge
9.6
QuickBooks Desktop Premier
7.8
Single sign-on capability
Financial Edge
9.1
QuickBooks Desktop Premier
5.8
Role-based user permissions
Financial Edge
10.0
QuickBooks Desktop Premier
9.7

Reporting & Analytics

Financial Edge
7.9
QuickBooks Desktop Premier
6.7
Dashboards
Financial Edge
5.0
QuickBooks Desktop Premier
6.0
Standard reports
Financial Edge
9.4
QuickBooks Desktop Premier
7.6
Custom reports
Financial Edge
9.4
QuickBooks Desktop Premier
6.6

General Ledger and Configurable Accounting

Financial Edge
8.1
QuickBooks Desktop Premier
8.3
Accounts payable
Financial Edge
8.9
QuickBooks Desktop Premier
8.5
Accounts receivable
Financial Edge
8.0
QuickBooks Desktop Premier
8.5
Cash management
Financial Edge
8.8
QuickBooks Desktop Premier
8.9
Bank reconciliation
Financial Edge
8.3
QuickBooks Desktop Premier
9.9
Expense management
Financial Edge
8.9
QuickBooks Desktop Premier
8.7
Time tracking
Financial Edge
7.9
QuickBooks Desktop Premier
7.4
Fixed asset management
Financial Edge
8.8
QuickBooks Desktop Premier
8.1
Multi-currency support
Financial Edge
7.3
QuickBooks Desktop Premier
9.0
Multi-division support
Financial Edge
7.7
QuickBooks Desktop Premier
8.8
Regulations compliance
Financial Edge
8.0
QuickBooks Desktop Premier
5.9
Electronic tax filing
Financial Edge
6.4
QuickBooks Desktop Premier
9.6
Self-service portal
Financial Edge
7.0
QuickBooks Desktop Premier
8.2
Global Financial Support
Financial Edge
6.4
QuickBooks Desktop Premier
9.0
Primary and Secondary Ledgers
Financial Edge
8.8
QuickBooks Desktop Premier
8.0
Intercompany Accounting
Financial Edge
8.8
QuickBooks Desktop Premier
9.0
Localizations
Financial Edge
7.3
QuickBooks Desktop Premier
5.0
Journals and Reconciliations
Financial Edge
8.8
QuickBooks Desktop Premier
9.4
Enterprise Accounting
Financial Edge
7.7
QuickBooks Desktop Premier
9.0
Configurable Accounting
Financial Edge
8.9
QuickBooks Desktop Premier
7.1
Centralized Rules Framework
Financial Edge
8.4
QuickBooks Desktop Premier
9.9
Standardized Processes
Financial Edge
8.9
QuickBooks Desktop Premier
6.0

Inventory Management

Financial Edge
7.5
QuickBooks Desktop Premier
3.9
Inventory tracking
Financial Edge
8.2
QuickBooks Desktop Premier
4.9
Automatic reordering
Financial Edge
6.4
QuickBooks Desktop Premier
1.4
Location management
Financial Edge
8.2
QuickBooks Desktop Premier
8.0
Manufacturing module
Financial Edge
7.3
QuickBooks Desktop Premier
1.3

Order Management

Financial Edge
8.0
QuickBooks Desktop Premier
7.4
Pricing
Financial Edge
8.0
QuickBooks Desktop Premier
9.6
Order entry
Financial Edge
8.0
QuickBooks Desktop Premier
9.8
Credit card processing
Financial Edge
8.0
QuickBooks Desktop Premier
9.0
Cost of goods sold
Financial Edge
8.0
QuickBooks Desktop Premier
7.5
Order Orchestration
Financial Edge
8.0
QuickBooks Desktop Premier
9.8
End-to-end order visibility
Financial Edge
8.0
QuickBooks Desktop Premier
1.3
Order exception Resolution
Financial Edge
8.0
QuickBooks Desktop Premier
5.0

Pros

Financial Edge

  • 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.
Stephanie Ulmer | TrustRadius Reviewer

QuickBooks Desktop Premier

  • The program is easy to learn and use. We can train our clients' personnel how to use the program with out difficulty.
  • It is easy for clients to generate bills and manage accounts receivable.
  • It is easy to manage accounts payable and allows clients to pay their bills electronically.
  • Transactions can be imported electronically for credit card and banking transactions.
  • It is easy to reconcile bank and credit card accounts.
  • We can import data generated by QuickBooks into our tax and accounting software.
Anonymous | TrustRadius Reviewer

Cons

Financial Edge

  • Metrics in the reporting features could be enhanced to allow for cross-year/event comparisons.
  • It does not allow for single-sign-on from other platforms, requiring additional keystrokes for access/exit.
Anonymous | TrustRadius Reviewer

QuickBooks Desktop Premier

  • I would like to be able to choose how i want to view accounts receivable aging. I would like some flexibility to sort and choose how to present the data.
  • For a seasoned accountant, I would like to see some of the restrictive controls that are in place for novices to be able to be relaxed so that I can easily make some entries and adjust some balances that ordinarily a regular user would not be able to do.
  • I would like to see an easy way to clear old outstanding checks that need to be reversed without affecting prior balances/history.
Anonymous | TrustRadius Reviewer

Likelihood to Renew

Financial Edge

No score
No answers yet
No answers on this topic

QuickBooks Desktop Premier

QuickBooks Desktop Premier 1.3
Based on 12 answers
Because we have been extremely happy with the product and our organization tends to be creatures of habit. We rarely leave a product that works this well for the latest and greatest. Typically we follow the "if it's not broken, don't fix it rule". While QB does make changes we typically just roll with it. If we do find something we don't like we work through it until we fully understand its functionality.
Tracie Jones | TrustRadius Reviewer

Usability

Financial Edge

No score
No answers yet
No answers on this topic

QuickBooks Desktop Premier

QuickBooks Desktop Premier 8.2
Based on 13 answers
QuickBooks is an amazing tool that provides all of the necessary features needed to run the finances of a company. I would like for QuickBooks to provide better resources for training. There are many features that go unused because of lack of knowledge. Procore offers chatting and calls on their platform and they make it easy and accessible to get answers and solutions.
Phillip Li | TrustRadius Reviewer

Reliability and Availability

Financial Edge

No score
No answers yet
No answers on this topic

QuickBooks Desktop Premier

QuickBooks Desktop Premier 9.1
Based on 10 answers
This is very reliable software, the desktop version is fast. If there is a problem, it is most likely on your own hardware!
Silvia Evans | TrustRadius Reviewer

Performance

Financial Edge

No score
No answers yet
No answers on this topic

QuickBooks Desktop Premier

QuickBooks Desktop Premier 5.7
Based on 8 answers
It takes forever to load.
Anonymous | TrustRadius Reviewer

Support Rating

Financial Edge

No score
No answers yet
No answers on this topic

QuickBooks Desktop Premier

QuickBooks Desktop Premier 6.2
Based on 18 answers
This is an awesome product and the support team is very knowledgeable. The product is mature, so there are not a lot of bugs and the support team really solves problems quickly. Usually it is a user error issue, but the support desk helps me out. I love the fact that it is US based support.
Silvia Evans | TrustRadius Reviewer

Implementation Rating

Financial Edge

No score
No answers yet
No answers on this topic

QuickBooks Desktop Premier

QuickBooks Desktop Premier 7.2
Based on 14 answers
It is important to do your research. There are tutorial videos online that could help new user of this accounting system. These tutorials are straightforward and easily understandable.
Cristine Delos Santos | TrustRadius Reviewer

Alternatives Considered

Financial Edge

Most FE installations I have participated in were from QuickBooks Pro. QuickBooks, if set up well, is a great alternative for the smaller association or nonprofit, but it has challenges handling some of the unique aspects of nonprofit accounting. Recent editions of QuickBooks Pro have included a new nonprofit component, but it can be difficult to use.
Wendy Johnson | TrustRadius Reviewer

QuickBooks Desktop Premier

QuickBooks Premier handles most of my business functions efficiently in one package. It is not my "everything." I use Replicon for time rather than QuickBooks. I don't want my WIP data interfering with my accounting. I use PaySimple for it's web interface and back office processing. I don't have security issues since I don't have any credit card data in my possession. With today's identity theft environment, I have to protect myself as much as I can. Not having credit card data in my accounting software lets me sleep much better at night. Quicken will do basic accounting but does not have all the double entry accounting systems contained in QuickBooks. QuickBooks Online does much of the basic business functions but I don't like the pricing structure. As a professional accountant, that is very important to me. Bill.com provided a good service but the ability of QuickBooks to add bills and receipts to transactions makes it redundant.
Andrea Campbell, CPA,CITP | TrustRadius Reviewer

Scalability

Financial Edge

No score
No answers yet
No answers on this topic

QuickBooks Desktop Premier

QuickBooks Desktop Premier 6.2
Based on 4 answers
They're getting better. Still room for improvement.
Anonymous | TrustRadius Reviewer

Return on Investment

Financial Edge

  • Financial Edge has enabled us to save time with respect to monthly reporting.
  • Financial Edge has helped us streamline some larger entries that were once a pain to enter in Fundware.
  • The F-9 plug allows us to report information in our desired format as opposed to using the reports within the FE application.
  • Overall, I would say that Financial Edge definitely saves us time on closing each month which frees us up for other projects within our department.
Sunny Reed | TrustRadius Reviewer

QuickBooks Desktop Premier

  • Since our financials are kept very up to date, it helps us compare our financial results to prior years and it is used for our internal goal setting.
  • Due to the accountant copy function, we are able to provide better service since our clients are not waiting on us to fix historical data. They can continue their operations uninterrupted.
  • The import feature certainly speeds up the process of accounting for our payroll. As previously mentioned, it takes about a minute to do our entries for payroll and check them.
John Coleman | TrustRadius Reviewer

Pricing Details

Financial Edge

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Starting Price

QuickBooks Desktop Premier

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Starting Price

Rating Summary

Likelihood to Recommend

Financial Edge
7.2
QuickBooks Desktop Premier
7.1

Likelihood to Renew

Financial Edge
QuickBooks Desktop Premier
1.3

Usability

Financial Edge
QuickBooks Desktop Premier
8.2

Reliability and Availability

Financial Edge
QuickBooks Desktop Premier
9.1

Performance

Financial Edge
QuickBooks Desktop Premier
5.7

Support Rating

Financial Edge
QuickBooks Desktop Premier
6.2

Online Training

Financial Edge
QuickBooks Desktop Premier
1.0

Implementation Rating

Financial Edge
QuickBooks Desktop Premier
7.2

Scalability

Financial Edge
QuickBooks Desktop Premier
6.2

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