Financial Edge (legacy) vs. QuickBooks Desktop Pro

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Financial Edge (legacy)
Score 6.8 out of 10
N/A
A legacy software offering, Blackbaud now instead offers and supports their cloud-based accounting solution, Blackbaud Financial Edge NXT as a modern alternative.N/A
QuickBooks Desktop Pro
Score 7.8 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 Edge (legacy)QuickBooks Desktop Pro
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Financial Edge (legacy)QuickBooks 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 Edge (legacy)QuickBooks Desktop Pro
Features
Financial Edge (legacy)QuickBooks Desktop Pro
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Financial Edge (legacy)
1.0
Ratings
154% below category average
QuickBooks Desktop Pro
9.3
Ratings
19% above category average
Pay calculation1.00 Ratings9.90 Ratings
Benefit plan administration1.00 Ratings9.80 Ratings
Direct deposit files1.00 Ratings9.90 Ratings
Salary revision and increment management1.00 Ratings9.90 Ratings
Reimbursement management1.00 Ratings7.30 Ratings
Customization
Comparison of Customization features of Product A and Product B
Financial Edge (legacy)
1.0
Ratings
154% below category average
QuickBooks Desktop Pro
7.9
Ratings
3% above category average
API for custom integration1.00 Ratings8.00 Ratings
Plug-ins1.00 Ratings7.80 Ratings
Security
Comparison of Security features of Product A and Product B
Financial Edge (legacy)
1.0
Ratings
157% below category average
QuickBooks Desktop Pro
10.0
Ratings
18% above category average
Single sign-on capability1.00 Ratings10.00 Ratings
Role-based user permissions1.00 Ratings10.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Financial Edge (legacy)
1.0
Ratings
155% below category average
QuickBooks Desktop Pro
10.0
Ratings
24% above category average
Dashboards1.00 Ratings10.00 Ratings
Standard reports1.00 Ratings10.00 Ratings
Custom reports1.00 Ratings10.00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Financial Edge (legacy)
1.0
Ratings
154% below category average
QuickBooks Desktop Pro
9.5
Ratings
20% above category average
Accounts payable1.00 Ratings10.00 Ratings
Accounts receivable1.00 Ratings10.00 Ratings
Cash management1.00 Ratings10.00 Ratings
Bank reconciliation1.00 Ratings10.00 Ratings
Expense management1.00 Ratings10.00 Ratings
Time tracking1.00 Ratings8.70 Ratings
Fixed asset management1.00 Ratings10.00 Ratings
Multi-currency support1.00 Ratings10.00 Ratings
Multi-division support1.00 Ratings10.00 Ratings
Regulations compliance1.00 Ratings7.20 Ratings
Electronic tax filing1.00 Ratings10.00 Ratings
Self-service portal1.00 Ratings9.70 Ratings
Global Financial Support1.00 Ratings7.00 Ratings
Primary and Secondary Ledgers1.00 Ratings8.80 Ratings
Intercompany Accounting1.00 Ratings10.00 Ratings
Localizations1.00 Ratings8.50 Ratings
Journals and Reconciliations1.00 Ratings10.00 Ratings
Enterprise Accounting1.00 Ratings10.00 Ratings
Configurable Accounting1.00 Ratings10.00 Ratings
Centralized Rules Framework1.00 Ratings10.00 Ratings
Standardized Processes1.00 Ratings10.00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Financial Edge (legacy)
1.0
Ratings
152% below category average
QuickBooks Desktop Pro
6.7
Ratings
9% below category average
Inventory tracking1.00 Ratings6.40 Ratings
Automatic reordering1.00 Ratings6.10 Ratings
Location management1.00 Ratings6.20 Ratings
Manufacturing module1.00 Ratings8.20 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Financial Edge (legacy)
1.0
Ratings
154% below category average
QuickBooks Desktop Pro
8.3
Ratings
7% above category average
Pricing1.00 Ratings10.00 Ratings
Order entry1.00 Ratings10.00 Ratings
Credit card processing1.00 Ratings7.10 Ratings
Cost of goods sold1.00 Ratings10.00 Ratings
Order Orchestration1.00 Ratings9.00 Ratings
End-to-end order visibility1.00 Ratings9.00 Ratings
Order exception Resolution1.00 Ratings3.20 Ratings
User Ratings
Financial Edge (legacy)QuickBooks Desktop Pro
Likelihood to Recommend
1.0
(0 ratings)
9.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
10.0
(0 ratings)
Usability
2.0
(0 ratings)
10.0
(0 ratings)
Availability
-
(0 ratings)
8.3
(0 ratings)
Support Rating
1.0
(0 ratings)
1.2
(0 ratings)
In-Person Training
-
(0 ratings)
10.0
(0 ratings)
Implementation Rating
-
(0 ratings)
9.0
(0 ratings)
Product Scalability
-
(0 ratings)
8.0
(0 ratings)
User Testimonials
Financial Edge (legacy)QuickBooks Desktop Pro
Likelihood to Recommend
  • 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).
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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
  • Grant Management - nothing is more harrowing than grant reporting, and FE does it best. It allows for layered budgets and limitless division of expenses among grants, overhead, or other projects/programs.
  • Reporting - Most financial software tries to adapt for-profit accounting into a non-profit mode without addressing the unique needs of a nonprofit for reporting and auditing.
  • Multiple projects and/or cost centers within a budget and system - nothing is more challenging than trying to manage expenses over several cost centers and FE is a champ at allowing that complexity.
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  • 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.
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Cons
  • 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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  • 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
No answers on this topic
We use it with all our clients and have several QuickBooks Pro Advisors and will renew and continue to use it with our client base. It is easy to use, helps with collecting annual data and makes compiling of information for filing annual tax returns much easier. It makes our job a lot easier, than using manual records.
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Usability
It's user friendly, when it wants to be.
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QuickBooks Desktop Pro can be daunting at first. It has the ability to do nearly everything you will ever need in accounting but that means there are a lot of features to learn. It's always best to have an experienced user to guide you with the initial setup as it can be a bit overwhelming.
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Reliability and Availability
No answers on this topic
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
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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I was a BIG fan of QuickBooks support for a very long time up until recently. The representatives were well trained and wanted to solve your problem for you, as a human, not as just a customer. In my recent experiences I feel as though that is no longer so. My last conversation was appalling. The representative only read the narrative provided over and over and would not send me on to a supervisor. Finally I hung up and called back. On this try, I was passed from department to department. I was not presented with a solution until I posted a rant on their Facebook page. It amazes me that I had to publicly complain to get results.
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In-Person Training
No answers on this topic
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
No answers on this topic
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
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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Quickbooks Desktop Pro is much simple and easier to use, so it fits better to the ticket of our small non-profit organization needs. The other options are either, or both, more pricy and complicated. For example, the implementation for QuickBooks Desktop Pro was simple enough for me to do so in-house with training courses available and phone calls to a customer service representative or implementation expert accessible.
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Return on Investment
  • We have been able to more effectively track utilization of budgets
  • Scholarship management has more than tripled over a five year period
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  • Clean and accurate bookkeeping records [have] made reporting and sharing information with tax accountants a breeze.
  • Invoicing out of QB is a bit slow and time-consuming[,] unfortunately, so we were forced to choose another software to integrate.
  • A great way to have all accounting needs in one place - AP, AR, Reporting, etc.
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ScreenShots