Blackbaud Financial Edge NXT® vs. QuickBooks
Looking for a QuickBooks® Alternative? Try Accounting Software Built for Nonprofits.
Cut the spreadsheet chaos with the only AI-powered fund accounting software—Financial Edge NXT®.
One System for All Your Revenue Sources
Seamlessly track and report on grants, endowments, program fees, and donations all-in-one.
The Reports Nonprofits Need
Native reports built just for nonprofits right out of the box.
Clear Transparency for Restricted Funds
Track spending by funds to ensure—and easily show—that usage reflects funder intent.
Easily track restricted subfunds.
QuickBooks can be a good tool to help your organization get started. But once you start growing, you need a system that can handle multiple programs, grants, and revenue channels seamlessly.
- Say goodbye to juggling spreadsheets to manage grants and donor restricted funds
- Replace complex account and sub-account chart structures with a single record for each grant, program, project, or restricted fund
- Blackbaud AI’s conversational reporting tools let individuals quickly generate their own reports without extensive instruction.
- More than 60 report templates specifically for not-for-profit organizations
Financial Edge NXT Feature Highlights
With Financial Edge NXT, you’ll unlock a powerful, user-friendly fund and subfund accounting solution built specifically for nonprofits like yours. This software, refined over decades, streamlines reporting, budgeting, and expense management, so you have more time to focus on strategic work.
Restricted Fund Management
Restricted Fund Management
Take the stress out of managing major donor stewardship and grant and contract compliance with a system built for restricted funds.
-
Organize all your grants, endowments, and fundraising dollars in one dependable location
-
Effortlessly monitor and report on how funds are distributed across multiple programs, projects, and reporting periods
-
Use sub-fund accounting to get the detailed breakdowns necessary for precise reporting
Improved Compliance
Improved Compliance
Ensure accuracy and simplify audits with integrated internal controls and automation.
- Role-based access guarantees that individuals can only carry out actions appropriate to their duties
- Automated expense management and payments functionality streamline month-end close
- Establish separation of duties and monitor compliance through a transparent audit trail
Simplified Reporting
Simplified Reporting
Generate reports that align with the needs of your constituents, including the board, your development team, and your funders.
- Access templates for many standard reports that nonprofits need, such as Statement of Financial Position, Statement of Activities, and Statement of Cash Flows
- Configure reports to easily meet the requirements for each funder or stakeholder
- Allocate direct and indirect costs to uphold compliance with grant terms
Automated Workflows
Automated Workflows
Minimize manual data entry and improve the accuracy of your data with automated workflows built into your accounting system.
- Credit card feeds flow directly into payables for posting to the General Ledger—no need manually review monthly statements
- Simplify your payment process with Payment Assistant™, reducing the need for printing and mailing checks
- Match expenses to payments with AI-powered document intelligence
- Connect with Raiser’s Edge NXT® to automatically convert gift details into journal entries
Why Financial Edge NXT Is a Better Choice for Nonprofit Organizations
If your organization handles restricted funding, you need an accounting system that makes it easy to stay compliant with government grants and contracts, verify donor intent, and demonstrate stewardship.
|
Financial Edge NXT® |
Quickbooks |
|
|---|---|---|
Internal Controls |
|
|
Complete Audit Trail |
|
|
Strong Budgetary Controls |
|
|
Program-Based Budgeting |
|
|
Budget Checking by Grant, Contract or Donor Restricted Fund |
|
|
Automatic Allocation Capabilities |
|
|
Detailed Grant and Project Records |
|
|
Maintain Equity Across Fiscal Years |
|
|
Templates for standard nonprofit reporting, like Statement of Financial Position |
|
|
Automatic Fund Transfer Reporting |
|
|
Align Grant and Contract Budgets to the Funder Fiscal Year |
|
|
Internal Controls |
|
|
Financial Edge NXT® |
Quickbooks |
|
|
|
Complete Audit Trail |
|
|
Financial Edge NXT® |
Quickbooks |
|
|
|
Strong Budgetary Controls |
|
|
Financial Edge NXT® |
Quickbooks |
|
|
|
Program-Based Budgeting |
|
|
Financial Edge NXT® |
Quickbooks |
|
|
|
Budget Checking by Grant, Contract or Donor Restricted Fund |
|
|
Financial Edge NXT® |
Quickbooks |
|
|
|
Automatic Allocation Capabilities |
|
|
Financial Edge NXT® |
Quickbooks |
|
|
|
Detailed Grant and Project Records |
|
|
Financial Edge NXT® |
Quickbooks |
|
|
|
Maintain Equity Across Fiscal Years |
|
|
Financial Edge NXT® |
Quickbooks |
|
|
|
Templates for standard nonprofit reporting, like Statement of Financial Position |
|
|
Financial Edge NXT® |
Quickbooks |
|
|
|
Automatic Fund Transfer Reporting |
|
|
Financial Edge NXT® |
Quickbooks |
|
|
|
Align Grant and Contract Budgets to the Funder Fiscal Year |
|
|
Financial Edge NXT® |
Quickbooks |
|
|
|
What Do Nonprofits Need to Look For in Fund Accounting Software?
When evaluating fund accounting software, organizations—especially nonprofits—should look for capabilities such as true fund accounting (to manage restricted funds and grants), robust security, scalability, integration with other mission-critical systems, and flexible reporting.
We were using Quickbooks prior to Financial Edge NXT and they do not compare in the least. Quickbooks does not have the capability or scalability that we needed to prepare our organization for growth.
Verified User
Team Lead, Nonprofit Organization Management
QuickBooks is not set up to handle projects, grants, or fund accounting. This made it very difficult to track items at the project level without having to rely on spreadsheets and a highly manual process to combine the information into reports that were useful.
Verified User
Team Lead, Nonprofit Organization Management
Nonprofits Around the World Trust Blackbaud
Save time and improve compliance
Request a customized demo to see how Blackbaud Financial Edge NXT can improve your compliance and maintain the trust of your funders and donors.
All fields required
Thank you for your inquiry.
A Blackbaud representative will be in touch with you shortly.
Prefer to chat now?
Click here if you’d like to speak directly to a Blackbaud representative, today.