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QuickBooks Desktop Premier vs. Workday Financial Management

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    QuickBooks Desktop Premier

    Score8 out of 10
    N/AQuickBooks 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

    Workday Financial Management

    Score8.5 out of 10
    N/AWorkday Financial Management is a cloud-based financial software platform built on an in-memory architecture and an object-oriented data model. The system unifies transaction processing, multidimensional reporting, and consolidation into a single environment accessible via web and mobile interfaces. Financial Operations and Automation The platform employs Artificial Intelligence (AI) models and specialized financial agents to manage core business cycles. These…N/A
    Pricing
    QuickBooks Desktop PremierWorkday Financial Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    QuickBooks Desktop PremierWorkday Financial Management
    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
    QuickBooks Desktop PremierWorkday Financial Management
    Considered Both Products
    Intuit
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    82%
    Would buy again
    14 Answers
    96%
    Would buy again
    23 Answers
    Delivers good value for the price
    88%
    Delivers good value for the price
    14 Answers
    95%
    Delivers good value for the price
    21 Answers
    Happy with the feature set
    94%
    Happy with the feature set
    16 Answers
    96%
    Happy with the feature set
    23 Answers
    Lived up to sales and marketing promises
    87%
    Lived up to sales and marketing promises
    13 Answers
    95%
    Lived up to sales and marketing promises
    19 Answers
    Implementation went as expected
    93%
    Implementation went as expected
    14 Answers
    89%
    Implementation went as expected
    17 Answers
    Features
    QuickBooks Desktop PremierWorkday Financial Management
    Payroll Management
    Comparison of Payroll Management features of QuickBooks Desktop Premier and Workday Financial Management
    Feature
    QuickBooks Desktop Premier
    8.5
    54 Ratings
    12% above category average
    Workday Financial Management
    8.1
    23 Ratings
    8% above category average
    Pay calculation9.252 Ratings8.323 Ratings
    Benefit plan administration8.425 Ratings8.020 Ratings
    Direct deposit files8.242 Ratings8.220 Ratings
    Salary revision and increment management8.333 Ratings00 Ratings
    Reimbursement management8.336 Ratings00 Ratings
    Customization
    Comparison of Customization features of QuickBooks Desktop Premier and Workday Financial Management
    Feature
    QuickBooks Desktop Premier
    7.5
    24 Ratings
    1% below category average
    Workday Financial Management
    8.2
    20 Ratings
    9% above category average
    API for custom integration8.017 Ratings8.417 Ratings
    Plug-ins7.024 Ratings7.919 Ratings
    Security
    Comparison of Security features of QuickBooks Desktop Premier and Workday Financial Management
    Feature
    QuickBooks Desktop Premier
    8.3
    58 Ratings
    1% above category average
    Workday Financial Management
    9.0
    25 Ratings
    7% above category average
    Single sign-on capability8.450 Ratings9.225 Ratings
    Role-based user permissions8.249 Ratings8.823 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of QuickBooks Desktop Premier and Workday Financial Management
    Feature
    QuickBooks Desktop Premier
    8.3
    69 Ratings
    6% above category average
    Workday Financial Management
    8.0
    27 Ratings
    6% above category average
    Dashboards8.758 Ratings8.227 Ratings
    Standard reports8.468 Ratings7.924 Ratings
    Custom reports7.766 Ratings8.122 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of QuickBooks Desktop Premier and Workday Financial Management
    Feature
    QuickBooks Desktop Premier
    7.8
    72 Ratings
    2% above category average
    Workday Financial Management
    7.7
    23 Ratings
    0% below category average
    Accounts payable8.370 Ratings7.518 Ratings
    Accounts receivable8.571 Ratings6.918 Ratings
    Cash management8.765 Ratings00 Ratings
    Bank reconciliation8.769 Ratings00 Ratings
    Expense management8.768 Ratings00 Ratings
    Time tracking7.535 Ratings00 Ratings
    Fixed asset management6.249 Ratings00 Ratings
    Multi-currency support7.623 Ratings00 Ratings
    Multi-division support8.239 Ratings00 Ratings
    Regulations compliance8.224 Ratings00 Ratings
    Electronic tax filing7.836 Ratings00 Ratings
    Self-service portal5.923 Ratings00 Ratings
    Global Financial Support6.09 Ratings7.519 Ratings
    Primary and Secondary Ledgers7.014 Ratings7.419 Ratings
    Intercompany Accounting7.917 Ratings00 Ratings
    Localizations7.66 Ratings00 Ratings
    Journals and Reconciliations8.725 Ratings7.716 Ratings
    Enterprise Accounting8.313 Ratings00 Ratings
    Configurable Accounting7.915 Ratings7.719 Ratings
    Centralized Rules Framework7.210 Ratings00 Ratings
    Standardized Processes8.315 Ratings7.920 Ratings
    Inventory Management
    Comparison of Inventory Management features of QuickBooks Desktop Premier and Workday Financial Management
    Feature
    QuickBooks Desktop Premier
    8.0
    43 Ratings
    9% above category average
    Workday Financial Management
    7.2
    11 Ratings
    10% below category average
    Inventory tracking8.342 Ratings7.611 Ratings
    Automatic reordering7.321 Ratings7.311 Ratings
    Location management8.825 Ratings6.810 Ratings
    Manufacturing module7.722 Ratings00 Ratings
    Order Management
    Comparison of Order Management features of QuickBooks Desktop Premier and Workday Financial Management
    Feature
    QuickBooks Desktop Premier
    8.2
    47 Ratings
    10% above category average
    Workday Financial Management
    7.3
    11 Ratings
    8% below category average
    Pricing8.037 Ratings00 Ratings
    Order entry7.838 Ratings00 Ratings
    Credit card processing9.134 Ratings7.311 Ratings
    Cost of goods sold8.943 Ratings00 Ratings
    Order Orchestration7.58 Ratings00 Ratings
    End-to-end order visibility8.59 Ratings00 Ratings
    Order exception Resolution7.56 Ratings00 Ratings
    Best Alternatives
    QuickBooks Desktop PremierWorkday Financial Management
    Small Businesses
    QuickBooks Self-Employed (discontinued)
    Score4.1 out of 10
    Zoho One
    Score9.1 out of 10
    Medium-sized Companies
    MYOB
    Score8.3 out of 10
    Zoho One
    Score9.1 out of 10
    Enterprises
    Microsoft Dynamics GP
    Score5.4 out of 10
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    QuickBooks Desktop PremierWorkday Financial Management
    Likelihood to Recommend
    8.2
    (75 ratings)
    8.4
    (27 ratings)
    Likelihood to Renew
    7.5
    (14 ratings)
    9.0
    (1 ratings)
    Usability
    8.9
    (26 ratings)
    9.0
    (10 ratings)
    Availability
    10.0
    (6 ratings)
    -
    (0 ratings)
    Performance
    9.0
    (5 ratings)
    -
    (0 ratings)
    Support Rating
    4.0
    (13 ratings)
    10.0
    (5 ratings)
    Online Training
    1.0
    (1 ratings)
    -
    (0 ratings)
    Implementation Rating
    7.2
    (7 ratings)
    -
    (0 ratings)
    Configurability
    9.0
    (2 ratings)
    -
    (0 ratings)
    CPA Rating
    8.1
    (27 ratings)
    -
    (0 ratings)
    Ease of integration
    7.0
    (1 ratings)
    -
    (0 ratings)
    Product Scalability
    9.0
    (5 ratings)
    -
    (0 ratings)
    Vendor post-sale
    6.0
    (1 ratings)
    -
    (0 ratings)
    Vendor pre-sale
    6.0
    (2 ratings)
    -
    (0 ratings)
    User Testimonials
    QuickBooks Desktop PremierWorkday Financial Management
    Likelihood to Recommend
    Intuit
    We really think that ANY typical business would be a reasonable fit for QuickBooks Desktop Premier. While not necessary, even a comparatively unexperienced accounting person could look at the "Home" screen and follow their nose thru typical daily accounting processes without much detailed knowledge. Reporting is simple, looking up customer info and prior transactions is simple, looking up vendors and prior payments is simple... all in all, quite straightforward. I really can't think of an instance where it would be 'less appropriate'.
    Incentivized
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    Workday
    Workday is well suited for managing employees throughout their full life cycle. It excels at housing employee data from the start of their time with the company through their departure. Workday is less suited to payroll functions, which could be more robust.
    Incentivized
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    Pros
    Intuit
    • Employment - it makes creating paychecks a snap and tracks taxes.
    • Invoicing - they have a straightforward approach to creating invoices and you can even email them to your customers.
    • Customers - the program makes tracking customer information and balances easy.
    Incentivized
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    Workday
    • The flexibility of going beyond handling the accounts, where we can handle cash, assets, and accounting simultaneously for the customer.
    • The single platform offers grants management where you can organize the lifecycle of the grants and synchronize it with any criteria of grant closing out scheme.
    • I personally liked Project billing with the essence of evaluating project revenue and nice reporting templates that can be shared with the customer at any stage of the project while having the flexibility of auditing the reported cost.
    Incentivized
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    Cons
    Intuit
    • Support for older versions of QuickBooks ends after three years, then users must purchase the newest version at full price. Renewals should be deeply discounted for existing users.
    • I would like to see better in-product inventory tracking, so we can choose LIFO or FIFO rather than the ambiguous "average cost" method.
    • I would like to be able to assign payroll taxes to jobs for better job costing.
    Incentivized
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    Workday
    • Some of the Workday updates last till like 10 in the morning which prevents employees to clock in and check their times and some cases their schedules
    • Workday can work on opening documents quicker instead of taking couple of minutes or notifying the user when they are ready to download
    Incentivized
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    Likelihood to Renew
    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.
    Incentivized
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    Workday
    No answers on this topic
    Usability
    Intuit
    We switched to a more "robust" software program with the hiring of a new CFO. The migration of historical data and ancillary information has been cumbersome and riddle with errors and issues. In hindsight much of what the new software program was touted to accomplish is not come to fruition. QB Desktop Premier was sufficient for the organization needs
    Incentivized
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    Workday
    Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.
    Incentivized
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    Reliability and Availability
    Intuit
    This is very reliable software, the desktop version is fast. If there is a problem, it is most likely on your own hardware!
    Incentivized
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    Workday
    No answers on this topic
    Performance
    Intuit
    It takes forever to load.
    Incentivized
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    Workday
    No answers on this topic
    Support Rating
    Intuit
    This is where QuickBooks falls short. Many times my staff has had questions that have not been able to get resolved easily with a chat or call. I personally have had more general questions that have not been answered easily as well. I think QuickBooks needs to provide the resources of having readily accessible help in order to make it simpler to get solutions.
    Incentivized
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    Workday
    Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.
    Incentivized
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    Implementation Rating
    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.
    Incentivized
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    Workday
    No answers on this topic
    Alternatives Considered
    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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    Workday
    Despite Airtable also being easier to use one thing that differentiates and put forth Workday Financial Management tool above is it's key features and better suited functionality for handling confidential data. The other positive note where Workday Financial Management performs high is it key analytics tool that's easier to use and representation of information into insightful dashboards.
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    Scalability
    Intuit
    They're getting better. Still room for improvement.
    Incentivized
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    Workday
    No answers on this topic
    Return on Investment
    Intuit
    • Most of our business clients use QuickBooks which makes it efficient for us to work on clients that use the program. We can import QuickBooks data into our software which adds efficiencies to our tax practice.
    • Having staff that are familiar with the software enables our firm to provide quality service to the clients that use QuickBooks.
    • We receive referrals from satisfied QuickBooks clients.
    Incentivized
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    Workday
    • We were able to combine 4 different HR modules into one system.
    • We reduced data breach incidents by 95% after shifting to Workday. One of our legacy softwares had vulnerabilities.
    • The initial learning curve was higher than projected. We spent about a week to 10 days extra time deploying it, which affected the profit center that year.
    Incentivized
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    ScreenShots

    Workday Financial Management Screenshots

    Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis