Quickbooks Enterprise for Not-For-Profit
January 31, 2018
Quickbooks Enterprise for Not-For-Profit
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with QuickBooks Enterprise Solutions
Quickbooks Enterprise is used for 4 members of our accounting and finance team: Accountant/Payables, Receivables, Analyst/Reporting and Director of Accounting. We have used Quickbooks Enterprise for over 10 years knowing the limitations that come with it.
- Quickbooks Enterprise is relatively easy to use for small organizations.
- Most of the reports are easy to download straight from the system.
- Our local bank offers to download the Quickbooks version of the monthly activity which helps to reconcile our bank accounts.
- If the company has more than one Account Receivable General Ledger Account, the Merchant online process doesn't work properly. Invoices can be sent to clients to be paid either by credit card or bank accounts. The merchant account collects the funds and details the deposit by the client, but the activity is not downloaded to the GL due to the multiple AR accounts.
- Some information on Quickbooks Enterprise cannot be downloaded.
- Reports are rigid and not flexible to change.
- Upload activity in Quickbooks Enterprise is not possible, a third-party software is needed.
- Copy/Paste option is not possible in Quickbooks Enterprise. This would be very useful when entering Journal Entries.
- Quickbooks Enterprise does not have account reconciliation option. This is done in Excel.
- Quickbooks Enterprise offers the Fixed Assets functionality but is very limited and can only be used in "Single-User" mode.
- Positive: Quickbooks Enterprise helps to keep the "books" and basic activity in a digital format.
- Negative: Quickbooks Enterprise is starting to be a Legacy System due to the lack of reporting, account reconciliation, A/R manual processing through Merchant Account.
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.