Financial Edge vs. QuickBooks Desktop Premier

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Financial Edge
Score 6.0 out of 10
N/A
N/AN/A
QuickBooks Desktop Premier
Score 8.2 out of 10
N/A
QuickBooks Desktop Premier is an installed version of QuickBooks for general business, contractors, manufacturing and warehouse accounting, as well as nonprofits, professional services, and retail.N/A
Pricing
Financial EdgeQuickBooks Desktop Premier
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Financial EdgeQuickBooks Desktop Premier
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 Premier
Considered Both Products
Financial Edge

No answer on this topic

QuickBooks Desktop Premier
Chose QuickBooks Desktop Premier
Quickbooks is cheaper for payroll.
Top Pros
Top Cons
Features
Financial EdgeQuickBooks Desktop Premier
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 Premier
8.9
47 Ratings
17% above category average
Pay calculation1.03 Ratings7.046 Ratings
Benefit plan administration1.02 Ratings10.020 Ratings
Direct deposit files1.02 Ratings8.036 Ratings
Salary revision and increment management1.03 Ratings9.927 Ratings
Reimbursement management1.04 Ratings9.529 Ratings
Customization
Comparison of Customization features of Product A and Product B
Financial Edge
1.0
7 Ratings
150% below category average
QuickBooks Desktop Premier
1.3
20 Ratings
138% below category average
API for custom integration1.05 Ratings1.315 Ratings
Plug-ins1.07 Ratings1.320 Ratings
Security
Comparison of Security features of Product A and Product B
Financial Edge
1.0
9 Ratings
155% below category average
QuickBooks Desktop Premier
7.4
49 Ratings
8% below category average
Single sign-on capability1.06 Ratings4.843 Ratings
Role-based user permissions1.09 Ratings10.040 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 Premier
6.8
57 Ratings
11% below category average
Dashboards1.09 Ratings4.848 Ratings
Standard reports1.09 Ratings7.856 Ratings
Custom reports1.09 Ratings7.854 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 Premier
7.1
60 Ratings
4% below category average
Accounts payable1.09 Ratings7.058 Ratings
Accounts receivable1.07 Ratings7.059 Ratings
Cash management1.09 Ratings8.054 Ratings
Bank reconciliation1.010 Ratings8.057 Ratings
Expense management1.08 Ratings6.156 Ratings
Time tracking1.04 Ratings5.028 Ratings
Fixed asset management1.08 Ratings5.139 Ratings
Multi-currency support1.05 Ratings9.018 Ratings
Multi-division support1.06 Ratings7.033 Ratings
Regulations compliance1.07 Ratings1.819 Ratings
Electronic tax filing1.04 Ratings10.028 Ratings
Self-service portal1.07 Ratings8.017 Ratings
Global Financial Support1.06 Ratings9.03 Ratings
Primary and Secondary Ledgers1.08 Ratings7.06 Ratings
Intercompany Accounting1.08 Ratings9.08 Ratings
Localizations1.05 Ratings5.01 Ratings
Journals and Reconciliations1.08 Ratings7.014 Ratings
Enterprise Accounting1.06 Ratings9.05 Ratings
Configurable Accounting1.07 Ratings7.16 Ratings
Centralized Rules Framework1.06 Ratings9.93 Ratings
Standardized Processes1.07 Ratings4.37 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 Premier
2.9
36 Ratings
83% below category average
Inventory tracking1.02 Ratings1.735 Ratings
Automatic reordering1.02 Ratings1.015 Ratings
Location management1.03 Ratings8.019 Ratings
Manufacturing module1.02 Ratings1.017 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 Premier
7.0
38 Ratings
5% below category average
Pricing1.02 Ratings10.030 Ratings
Order entry1.02 Ratings10.031 Ratings
Credit card processing1.02 Ratings7.027 Ratings
Cost of goods sold1.02 Ratings6.334 Ratings
Order Orchestration1.02 Ratings10.03 Ratings
End-to-end order visibility1.02 Ratings1.04 Ratings
Order exception Resolution1.02 Ratings5.01 Ratings
Best Alternatives
Financial EdgeQuickBooks Desktop Premier
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 8.1 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 Premier
Likelihood to Recommend
1.1
(10 ratings)
3.0
(63 ratings)
Likelihood to Renew
-
(0 ratings)
1.3
(12 ratings)
Usability
2.0
(1 ratings)
7.0
(14 ratings)
Availability
-
(0 ratings)
8.9
(5 ratings)
Performance
-
(0 ratings)
5.7
(4 ratings)
Support Rating
1.0
(1 ratings)
1.1
(12 ratings)
Online Training
-
(0 ratings)
1.0
(1 ratings)
Implementation Rating
-
(0 ratings)
7.2
(7 ratings)
Configurability
-
(0 ratings)
9.0
(1 ratings)
Ease of integration
-
(0 ratings)
7.0
(1 ratings)
Product Scalability
-
(0 ratings)
6.2
(4 ratings)
Vendor pre-sale
-
(0 ratings)
7.0
(1 ratings)
User Testimonials
Financial EdgeQuickBooks Desktop Premier
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 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.
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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
  • 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.
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 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.
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Likelihood to Renew
Blackbaud
No answers on this topic
Intuit
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.
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Usability
Blackbaud
It's user friendly, when it wants to be.
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Intuit
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.
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Reliability and Availability
Blackbaud
No answers on this topic
Intuit
This is very reliable software, the desktop version is fast. If there is a problem, it is most likely on your own hardware!
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Performance
Blackbaud
No answers on this topic
Intuit
It takes forever to load.
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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
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.
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Implementation Rating
Blackbaud
No answers on this topic
Intuit
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.
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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
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.
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Scalability
Blackbaud
No answers on this topic
Intuit
They're getting better. Still room for improvement.
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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
  • 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.
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