Financial Edge (legacy) vs. QuickBooks Online Advanced

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 Online Advanced
Score 8.6 out of 10
N/A
QuickBooks Online Advanced is a SaaS-based accounting software designed to scale with growing businesses. It includes the functionalities of QuickBooks Online, as well as more robust business analytics, customization, and resource management.N/A
Pricing
Financial Edge (legacy)QuickBooks Online Advanced
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Financial Edge (legacy)QuickBooks Online Advanced
Free Trial
NoYes
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 Online Advanced
Considered Both Products
Financial Edge (legacy)

No answer on this topic

QuickBooks Online Advanced
Chose QuickBooks Online Advanced
The product I used clearly appears struggling to catch up but doesn't seem an easy task for them. This other product was not able to finalize some of the modules into the web-base (NXT) system. Intuit already has multiple products (payments, tax filing, payroll, etc) that …
Features
Financial Edge (legacy)QuickBooks Online Advanced
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Financial Edge (legacy)
1.0
4 Ratings
154% below category average
QuickBooks Online Advanced
-
Ratings
Pay calculation1.03 Ratings00 Ratings
Benefit plan administration1.02 Ratings00 Ratings
Direct deposit files1.02 Ratings00 Ratings
Salary revision and increment management1.03 Ratings00 Ratings
Reimbursement management1.04 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Financial Edge (legacy)
1.0
7 Ratings
154% below category average
QuickBooks Online Advanced
9.1
93 Ratings
18% above category average
API for custom integration1.05 Ratings8.376 Ratings
Plug-ins1.07 Ratings9.981 Ratings
Security
Comparison of Security features of Product A and Product B
Financial Edge (legacy)
1.0
9 Ratings
157% below category average
QuickBooks Online Advanced
9.0
164 Ratings
8% above category average
Single sign-on capability1.06 Ratings9.1146 Ratings
Role-based user permissions1.09 Ratings9.0160 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Financial Edge (legacy)
1.0
9 Ratings
155% below category average
QuickBooks Online Advanced
8.5
177 Ratings
8% above category average
Dashboards1.09 Ratings8.9167 Ratings
Standard reports1.09 Ratings8.9176 Ratings
Custom reports1.09 Ratings7.8168 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
10 Ratings
154% below category average
QuickBooks Online Advanced
9.2
179 Ratings
17% above category average
Accounts payable1.09 Ratings9.2173 Ratings
Accounts receivable1.07 Ratings9.7168 Ratings
Cash management1.09 Ratings9.0149 Ratings
Bank reconciliation1.010 Ratings9.4171 Ratings
Expense management1.08 Ratings9.6158 Ratings
Time tracking1.04 Ratings9.690 Ratings
Fixed asset management1.08 Ratings00 Ratings
Multi-currency support1.05 Ratings9.646 Ratings
Multi-division support1.06 Ratings7.677 Ratings
Regulations compliance1.07 Ratings9.280 Ratings
Electronic tax filing1.04 Ratings9.5100 Ratings
Self-service portal1.07 Ratings9.796 Ratings
Global Financial Support1.06 Ratings00 Ratings
Primary and Secondary Ledgers1.08 Ratings9.976 Ratings
Intercompany Accounting1.08 Ratings7.476 Ratings
Localizations1.05 Ratings00 Ratings
Journals and Reconciliations1.08 Ratings9.5155 Ratings
Enterprise Accounting1.06 Ratings8.466 Ratings
Configurable Accounting1.07 Ratings9.784 Ratings
Centralized Rules Framework1.06 Ratings9.465 Ratings
Standardized Processes1.07 Ratings9.0119 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Financial Edge (legacy)
1.0
3 Ratings
152% below category average
QuickBooks Online Advanced
9.5
72 Ratings
26% above category average
Inventory tracking1.02 Ratings9.572 Ratings
Automatic reordering1.02 Ratings00 Ratings
Location management1.03 Ratings00 Ratings
Manufacturing module1.02 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Financial Edge (legacy)
1.0
2 Ratings
154% below category average
QuickBooks Online Advanced
9.5
121 Ratings
21% above category average
Pricing1.02 Ratings9.888 Ratings
Order entry1.02 Ratings9.881 Ratings
Credit card processing1.02 Ratings8.9106 Ratings
Cost of goods sold1.02 Ratings00 Ratings
Order Orchestration1.02 Ratings00 Ratings
End-to-end order visibility1.02 Ratings00 Ratings
Order exception Resolution1.02 Ratings00 Ratings
Best Alternatives
Financial Edge (legacy)QuickBooks Online Advanced
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.0 out of 10
Zoho Books
Zoho Books
Score 9.0 out of 10
Enterprises
Oracle Fusion Cloud Enterprise Performance Management
Oracle Fusion Cloud Enterprise Performance Management
Score 10.0 out of 10
Oracle Fusion Cloud Enterprise Performance Management
Oracle Fusion Cloud Enterprise Performance Management
Score 10.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Financial Edge (legacy)QuickBooks Online Advanced
Likelihood to Recommend
1.0
(10 ratings)
9.4
(179 ratings)
Likelihood to Renew
-
(0 ratings)
9.9
(6 ratings)
Usability
2.0
(1 ratings)
9.9
(4 ratings)
Support Rating
1.0
(1 ratings)
-
(0 ratings)
Online Training
-
(0 ratings)
9.1
(1 ratings)
Implementation Rating
-
(0 ratings)
6.4
(3 ratings)
Configurability
-
(0 ratings)
9.1
(1 ratings)
User Testimonials
Financial Edge (legacy)QuickBooks Online Advanced
Likelihood to Recommend
Discontinued Products
  • 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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Intuit
Smaller businesses that need affordable accounting software that many people are used to should look at Quickbooks. QuickBooks makes it easier for people to access your books from multiple locations. If cost is an issue, QuickBooks is very affordable, given you do not need to install and maintain a server.
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Pros
Discontinued Products
  • 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.
Read full review
Intuit
  • It allows us to link to bank accounts in order to get up-to-date, real-time information, which is so important in today's lightning speed work world.
  • The "canned" reports are excellent and allow for extreme customization also. This makes them very helpful to both me and my clients.
  • The user interface for QuickBooks Online Advanced is easy to navigate and is intuitive for novices. The screens are well laid out and have cohesiveness on each screen to match tasks with others that match up well.
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Cons
Discontinued Products
  • 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
  • Proper advice in QuickBooks Online Pro for the usage if QuickBooks Online Advanced will be more efficient.
  • More features and space in the app for organization of the self-created workflows.
  • The stability of QuickBooks Online Advanced can still be better.
  • There are still file-size issues and limitations on transactions and attributes of transactions.
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Likelihood to Renew
Discontinued Products
No answers on this topic
Intuit
QuickBooks Online Advanced is very easy to use and the data is very transparent. The reporting shortfalls (not being able to report the current month and YTD results on the same report) as well as the issues with the limitations with the management reports.
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Usability
Discontinued Products
It's user friendly, when it wants to be.
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Intuit
QuickBooks Online Advanced is great and effective. I use it for almost three months and it definitely does their job
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Reliability and Availability
Discontinued Products
No answers on this topic
Intuit
No issue at any time with Availability
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Performance
Discontinued Products
No answers on this topic
Intuit
It can be access at any time and reports is generate in less than a minute
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Support Rating
Discontinued Products
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
No answers on this topic
Online Training
Discontinued Products
No answers on this topic
Intuit
Training was simple
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Implementation Rating
Discontinued Products
No answers on this topic
Intuit
Need to make an option for non-profit organizations
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Alternatives Considered
Discontinued Products
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 Online Advanced isn’t as robust as Netsuite or Sage, but it is generally a great choice for most businesses. This software will meet or exceed the needs of most companies, and should be the first part of your accounting software decision. I would even reach out to a QuickBooks Online Advanced expert to ensure you need to step up to Sage or Netsuite before doing so on your own.
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Scalability
Discontinued Products
No answers on this topic
Intuit
Software is very flexible
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Return on Investment
Discontinued Products
  • 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
  • QBOA has shown my clients the increase and decrease of my monthly income activity
  • I am able to project my income and spending more easily
  • The P&L reports has shown me a lot and by customizing to focus on my income and expenses has allowed me to better budget
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