Financial Edge vs. QuickBooks Desktop Pro

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Financial Edge
Score 6.0 out of 10
N/A
N/AN/A
QuickBooks Desktop Pro
Score 8.0 out of 10
N/A
Quickbooks Desktop Pro is accounting software from Intuit, Inc. It includes core accounting features, plus analytics and exportable reports. It is offered in on-premise and SaaS forms.N/A
Pricing
Financial EdgeQuickBooks Desktop Pro
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Financial EdgeQuickBooks Desktop Pro
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
Financial EdgeQuickBooks Desktop Pro
Considered Both Products
Financial Edge
Chose 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 …
QuickBooks Desktop Pro
Chose QuickBooks Desktop Pro
The transparency of QuickBooks Desktop Pro is less complex. This really helps with larger projects/companies with one shared accounting office.
Top Pros
Top Cons
Features
Financial EdgeQuickBooks Desktop Pro
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 Pro
9.3
65 Ratings
22% above category average
Pay calculation1.03 Ratings9.961 Ratings
Benefit plan administration1.02 Ratings9.835 Ratings
Direct deposit files1.02 Ratings9.853 Ratings
Salary revision and increment management1.03 Ratings9.949 Ratings
Reimbursement management1.04 Ratings7.350 Ratings
Customization
Comparison of Customization features of Product A and Product B
Financial Edge
1.0
7 Ratings
150% below category average
QuickBooks Desktop Pro
7.9
39 Ratings
11% above category average
API for custom integration1.05 Ratings8.032 Ratings
Plug-ins1.07 Ratings7.836 Ratings
Security
Comparison of Security features of Product A and Product B
Financial Edge
1.0
9 Ratings
155% below category average
QuickBooks Desktop Pro
8.5
93 Ratings
6% above category average
Single sign-on capability1.06 Ratings8.975 Ratings
Role-based user permissions1.09 Ratings8.188 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 Pro
8.4
108 Ratings
10% above category average
Dashboards1.09 Ratings9.693 Ratings
Standard reports1.09 Ratings7.5108 Ratings
Custom reports1.09 Ratings8.2106 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 Pro
8.0
112 Ratings
8% above category average
Accounts payable1.09 Ratings9.7107 Ratings
Accounts receivable1.07 Ratings7.5109 Ratings
Cash management1.09 Ratings2.497 Ratings
Bank reconciliation1.010 Ratings9.7108 Ratings
Expense management1.08 Ratings8.899 Ratings
Time tracking1.04 Ratings8.747 Ratings
Fixed asset management1.08 Ratings6.064 Ratings
Multi-currency support1.05 Ratings7.927 Ratings
Multi-division support1.06 Ratings5.752 Ratings
Regulations compliance1.07 Ratings7.239 Ratings
Electronic tax filing1.04 Ratings8.050 Ratings
Self-service portal1.07 Ratings9.738 Ratings
Global Financial Support1.06 Ratings7.015 Ratings
Primary and Secondary Ledgers1.08 Ratings8.837 Ratings
Intercompany Accounting1.08 Ratings7.438 Ratings
Localizations1.05 Ratings8.517 Ratings
Journals and Reconciliations1.08 Ratings9.665 Ratings
Enterprise Accounting1.06 Ratings9.733 Ratings
Configurable Accounting1.07 Ratings8.141 Ratings
Centralized Rules Framework1.06 Ratings7.824 Ratings
Standardized Processes1.07 Ratings9.748 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 Pro
6.7
56 Ratings
5% below category average
Inventory tracking1.02 Ratings6.553 Ratings
Automatic reordering1.02 Ratings6.132 Ratings
Location management1.03 Ratings6.229 Ratings
Manufacturing module1.02 Ratings8.216 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 Pro
7.3
70 Ratings
1% below category average
Pricing1.02 Ratings6.650 Ratings
Order entry1.02 Ratings7.449 Ratings
Credit card processing1.02 Ratings7.148 Ratings
Cost of goods sold1.02 Ratings9.058 Ratings
Order Orchestration1.02 Ratings9.018 Ratings
End-to-end order visibility1.02 Ratings9.021 Ratings
Order exception Resolution1.02 Ratings3.216 Ratings
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Financial EdgeQuickBooks Desktop Pro
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Score 9.1 out of 10
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Score 9.1 out of 10
Medium-sized Companies
Accounting Seed
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Score 8.3 out of 10
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Score 8.3 out of 10
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Score 8.1 out of 10
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User Ratings
Financial EdgeQuickBooks Desktop Pro
Likelihood to Recommend
1.1
(10 ratings)
5.6
(124 ratings)
Likelihood to Renew
-
(0 ratings)
10.0
(18 ratings)
Usability
2.0
(1 ratings)
8.2
(31 ratings)
Availability
-
(0 ratings)
8.3
(2 ratings)
Support Rating
1.0
(1 ratings)
2.3
(29 ratings)
In-Person Training
-
(0 ratings)
10.0
(1 ratings)
Implementation Rating
-
(0 ratings)
9.0
(6 ratings)
Product Scalability
-
(0 ratings)
8.0
(1 ratings)
User Testimonials
Financial EdgeQuickBooks Desktop Pro
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
I am only going to recommend it because it is currently ubiquitous, and most accountants prefer it at the moment. I do not stand by the company, and will not use the product any longer than I have to. [I believe] the support is lousy, the product is overpriced, but it does the basics of what we need. I'm very happy for all those outside Intuit who make their living supporting QuickBooks Desktop Pro; third-party support is desperately needed. They also doubled their prices for software upgrades this year, and require those who don't pay double what the last upgrade cost, to subscribe every year for $200. If one does not subscribe beyond the first year, one will not be able to use the software beyond the first year. They are moving to a rental model even for those who refuse to use the LOUSY QuickBooks online. They were good company once. Now they just turn out bloatware that everyone uses, so the rest of us have to. I look forward to the day that an honest, better-priced competitor wipes the floor with Intuit.
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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.
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Intuit
  • It is easy to manage and adjust inventory on hand.
  • It is easy to make reports and customize them to your needs.
  • We also use it to pay our employees directly.
  • It is easy to make year-to-year comparisons to see where we can make improvements and the current financial situation.
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
  • QuickBooks Desktop Pro has been around for a few years and after an update[,] they force you to look at the changes/updates before you can use [them] after updating.
  • QuickBooks Desktop Pro does not have 2FA.
  • QuickBooks Desktop Pro should offer a way to store backups to a personal cloud without having to map a local network drive.
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Likelihood to Renew
Blackbaud
No answers on this topic
Intuit
We've used the program for more than 20 years in our firm both with clients and as our software. For the cost and value of the program it works well for our firms needs and desires for an accounting software program. At this point to switch would not make sense.
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Usability
Blackbaud
It's user friendly, when it wants to be.
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Intuit
It is a great software that does everything a small business needs it to do, but there are just a few bugs and quirks that make additional software necessary. The slowness of the software occasionally might eventually be overshadowed by the quickness of cloud-based software though.
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Reliability and Availability
Blackbaud
No answers on this topic
Intuit
I haven't experienced a time when QuickBooks Pro was unavailable when I needed it in the entire 20 years of using the software
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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
The support team is not always easy to use or able to understand the problems. There are some difficulties understanding [...] the issues the purchaser has and the solutions are sometimes hard to implement. A lot can be avoided if the users have adequate training and security is set up correctly at implementation.
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In-Person Training
Blackbaud
No answers on this topic
Intuit
Best thing I ever did was to attend a two day training seminar on QuickBooks, I learned an immense amount in a short time with hands on training by experts. I strongly recommend such training for anyone using any part of the software. It will pay for itself in the first month.
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Implementation Rating
Blackbaud
No answers on this topic
Intuit
We implemented the software ourselves. The training we received on the software was done by taking a community course teaching us how to use QuickBooks. It allowed me to get started with some basics of how to use the program and have not needed much assistance since completing the course work.
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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
Zoho had great end-user support and it was almost as simple to learn and was as easy to use. But its reports were not as [customizable] as QuickBooks Desktop Pro, and its job cost and department accounting [were] more cumbersome than QuickBooks Desktop Pro was. In addition, while I like an underdog (Zoho) the fact is that it is easier to find staff that [is] comfortable with QuickBooks Desktop Pro than anything else on the market.
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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
  • QuickBooks Desktop Pro is a no hassle accounting solution that ticks a lot of boxes. It almost never disappoints and organizations will usually keep using it for many years. If anything, the only time I've seen an organization migrate away from it is if they have specific accounting needs, or if the organization has grown to the point that they need a more robust accounting solution. Even then, QuickBooks can usually be maintained within another accounting software system for specific functions, like A/R & A/P for example.
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ScreenShots