NetSuite Vs QuickBooks: The Ultimate Comparison Guide 2022 - Top Microsoft Dynamics and NetSuite Partner & Dynamics CRM Consultant in San Diego (2022)

Are you looking for an efficient finance and accounting management system? You are in the right place.

This guide will take you through NetSuite vs QuickBooks comparison, highlighting:

  • What is the difference between NetSuite and QuickBooks?
  • What are the key features of NetSuite and QuickBooks?
  • Pros and cons of NetSuite ERP and QuickBooks
  • Which accounting software is the best to manage your business operations?

After finding answers to these questions, you will be able to make an informed decision on the right system to make management operations quicker and easier. 

Let’s get into the comparison right away!

Businesses are undergoing transformation, markets are becoming more competitive, and business management needs are changing. The need to innovate has given rise to the accounting and task management software industry.

Technology is helping businesses stay ahead of the competition and enhance efficiency by enabling the transition from manual to automated execution of tasks.

According to PCMag, small businesses can hardly survive without accounting software.

NetSuite Vs QuickBooks: The Ultimate Comparison Guide 2022 - Top Microsoft Dynamics and NetSuite Partner & Dynamics CRM Consultant in San Diego (1)

That’s why finance and accounting software use has increased over the past few years. Many small businesses are incorporating a robust system in their operational fabric to increase accuracy and efficiency.

Question: How does accounting software make a difference?

Answer: Accounting software is typically modular; it allows users to perform various operational tasks. Here are some important ones:

  • Core Accounting
  • Inventory Management
  • Invoicing and Billing
  • Payroll Management
  • Budgeting and Forecasting

So, no wonder, according to Statista, around 64.4% of small businesses are using accounting software.

However, due to the availability of so many options, it is hard to find the right management solution that will satisfy all your business needs. This is where this guide will help you!

We have compared NetSuite and QuickBooks, as they are the most popular accounting software, designed to help businesses streamline accounting and operations. Let’s explore their features, similarities, and differences.

NetSuite vs QuickBooks – Overview

1. NetSuite Overview

NetSuite Vs QuickBooks: The Ultimate Comparison Guide 2022 - Top Microsoft Dynamics and NetSuite Partner & Dynamics CRM Consultant in San Diego (2)

NetSuite ERP is one of the leading cloud-based software suites, offering services to handle operations, finances, and customer relationships of small, mid-size, and large enterprises.

The suite offers a wide range of modules that help establish and manage various business purposes, including:

  • ERP (Enterprise Resource Planning)
  • CRM (Customer Relationship Management)
  • PSA (Professional Services Automation)
  • HCM (Human Capital Management)
  • E-commerce
  • Retail
  • Manufacturing

NetSuite Vs QuickBooks: The Ultimate Comparison Guide 2022 - Top Microsoft Dynamics and NetSuite Partner & Dynamics CRM Consultant in San Diego (3)

(Video) Introduction to ERP for Nonprofits - The ERP Advisor Podcast Episode 49

Due to this advanced functionality, NetSuite ERP gained over 27,000 clients from different industries, including retail, manufacturing, distribution, nonprofits, software development, professional services, etc.

2. QuickBooks Overview

NetSuite Vs QuickBooks: The Ultimate Comparison Guide 2022 - Top Microsoft Dynamics and NetSuite Partner & Dynamics CRM Consultant in San Diego (4)

In 1992, Intuit released an accounting software package, QuickBooks, which helps businesses with bookkeeping and document management. Even though QuickBooks has evolved to provide support for various business operations beyond accounting, it has a limited set of features, and it does not successfully scale for every business.

QuickBooks stands out for small businesses and freelancers, as it’s a user-friendly platform and relatively cost-effective. So, it’s a go-to accounting and task management solution for small businesses with simple management requirements.

NetSuite is Your RIght ERP Partner! Need help?

Contact Us

NetSuite vs QuickBooks – Key Features

1. NetSuite Accounting Software Features

NetSuite cloud accounting software is a go-to solution for businesses because of its end-to-end, dynamic features. For example, it provides financial control with role-specific security that ensures the segregation of duties. It also equips companies with native, real-time reporting, which provides a 360-degree view of their finances.

NetSuite ERP’s all-in cloud-based features give it an edge over other legacy systems, primarily made for on-premises use. NetSuite’s enterprise-level solutions make it a handy option for companies looking to scale while saving money and keeping room for growth.

Here are key NetSuite ERP features that make it complete accounting software, more than a solution with just bookkeeping functionality:

NetSuite Vs QuickBooks: The Ultimate Comparison Guide 2022 - Top Microsoft Dynamics and NetSuite Partner & Dynamics CRM Consultant in San Diego (5)

•Accounts Payable and Receivable

It helps to control the basic accounting, like tracking payables and receivables, handling bank reconciliation, etc.

• Fixed Asset Management

It helps monitor and manage the asset lifecycle and handle assets’ essential data, and track lease agreement details.

• Invoicing and Billing

This solution automates billing and payment collection processes to ensure timely payments and minimize human errors.

• Flexible General Ledger

It makes accounting hassle-free by automating accounting processes and customizing them to meet unique business needs.

• Multi-tax Compliance

An end-to-end tax management solution generates detailed reports, helps to analyze transactions, and automates calculations in real-time.

• Budgeting & Forecasting

This tool analyzes diverse variables, historical data, and future outcomes in the context of budgeting and forecasting.

• Inventory Management

This module updates inventory information in real-time by tracking orders, available products, deliverables, and sales.

• Financial Planning & Analysis

It helps in Planning and analyzing the current situation and future scenarios to create a realistic future goal.

These multi-faceted enterprise-level features allow businesses to scale by eliminating mundane tasks and efficient management of business processes.

2. QuickBooks Online Features

Intuit’s QuickBooks is an ideal and feature-rich solution for startups looking to find a simple solution for various accounting and finance management tasks.

QuickBooks Online is a cloud software platform offering solutions and tools required to manage small business tasks from invoices, bill payments, native reports, track cash flows, etc.

QuickBooks gives the four plan offerings: Simple, Essentials, Plus, and Advanced. The advancement in features improves with each plan. Here are a few important QuickBooks Online features:

NetSuite Vs QuickBooks: The Ultimate Comparison Guide 2022 - Top Microsoft Dynamics and NetSuite Partner & Dynamics CRM Consultant in San Diego (6)

• Payroll Management

It generates paychecks, formats accounting reports, clears taxes, tracks and processes payroll, etc.

• Sales and Income Management

It manages the income of the company, including sales and invoice management.

• Create Financial Reports

QuickBooks Online provides basic financial reports, including P&L and Balance Sheet reports, customer statements, Cash Flow statements, and A/R and A/P aging reports.

• Automated Tax Payment

With QuickBooks online, tax filing is easy through automatic tax payments and form filing features.

• Cash Management

QuickBooks allows online payments and invoice deposits and manages monthly bank statements.

• Bills Management

It makes it easier and simpler to control cash flow, pay online bills, schedule future payments, and remember due dates.

Forget about entering online bills manually with QuickBooks download bank statements and transactions through QB’s bank feeds.

Unlike NetSuite ERP, QuickBooks doesn’t offer a complete set of enterprise applications and primarily focuses on financial management for small businesses.

Although you can increase QuickBooks capabilities by using certain add-ons, it remains a small business accounting software with fewer features to help real-time decision-making.

NetSuite vs QuickBooks – What are the Main Differences Between NetSuite and QuickBooks?

NetSuite Vs QuickBooks: The Ultimate Comparison Guide 2022 - Top Microsoft Dynamics and NetSuite Partner & Dynamics CRM Consultant in San Diego (7)

NetSuite and QuickBooks offer a range of accounting and finance management features. However, NetSuite is a cloud-based ERP system and QuickBooks is essentially accounting software.

Let us now discuss the differences between the two systems:

NetSuite vs QuickBooks: Feature Comparison

NetSuite ERP and QuickBooks Online are both used as accounting and management solutions for businesses. Both NetSuite and QuickBooks offer bookkeeping features, but QuickBooks lacks some ERP features.

Here are a few main differences between NetSuite and QuickBooks Online:

NetSuiteQuickBooks
Fixed Assets Tracking Track Fixed Asset Purchase
Track Depreciation Expense Asset Value
Life Span of the Asset
Track Fixed Asset Purchase
Access to KPIs Access to Around 75 KPIs N/A
Supply Chain Management and Manufacturing Order Management
Inventory Management
Warehouse and Fulfillment
Procurement
Production Management
Demand Planning
Shop Floor Control & BOM Maintenance
WIP and Routing
Work Orders and Assemblies
Order Management
Inventory Management
Procurement
Human Capital Management Payroll Management
Employee Center
Human Resources Management
Payroll Management
Professional Service Automation Project Management
Resource Management
Timesheet Management
Expense Management
N/A
Customer Relationship Management Salesforce Automation
Marketing Automation
Customer Service
Partner Relationship Management
N/A
E-commerce and Retail E-commerce
Point of Sale
Order Management
Commerce Marketing
Product Content
E-commerce
Point of Sale
ReportingCash Flow
Profit & Loss
Consolidated Reporting (Intercompany)
Multicurrency Reports
Cash Flow
Profit & Loss

1. Track Fixed Assets

Fixed asset management is a crucial business management solution that helps with tracking equipment and physical assets. Both NetSuite and QuickBooks Online help track fixed assets, but NetSuite ERP offers more advanced fixed assets management solutions than QuickBooks.

QuickBooks helps track fixed asset purchases, but it lacks functionality to track depreciation expense, asset value, and the life span of the equipment.

However, NetSuite tracks asset purchases, asset life, depreciation, and present value.

• Industry Specific Collateral

NetSuite SuiteSuccess delivers a single solution across all key-business areas, leveraging industry-leading practices and over 20 years of cloud ERP implementation experience (passage taken from our SuiteSuccess page). SuiteSuccess includes pre-configured systems with Dashboards, KPI’s Reports, Roles, and Add-Ons to provide a functional ERP system from day 1. SuiteSuccess also includes a set of leading business practices that any organization may adopt when implementing their NetSuite ERP.

Industry-specific configuration is missing in QuickBooks Online. To adapt this platform to your business needs, you may have to resort to expensive add-ons or complicated customizations.

2. Supply Chain Management

NetSuite ERP has the edge over QuickBooks in supply chain management features. NetSuite offers several features, including:

  • Order Management
  • Inventory Management
  • Warehouse and Fulfillment
  • Production Management
  • Demand Planning
  • Shop Floor Control & BOM Maintenance
  • Procurement
  • WIP and Routing, Work Orders and Assemblies

Whereas, QuickBooks only offers a few features, limited to:

  • Order Management
  • Procurement
  • Inventory Management

3. Human Capital Management

When compared to QuickBooks, NetSuite offers more functionality related to human capital management and payroll management. It can help with…

  • Payroll Management
  • Employee Center
  • Human Resources Management

…which gives NetSuite ERP an upper hand over QuickBooks Online.

4. Professional Service Automation

NetSuite’s Professional Service Automation (PSA)/Project Management functionality helps organizations complete projects quickly and productively. Its state-of-the-art charge-based billing engine makes project invoicing and revenue recognition child’s play. This module handles:

  • Project Management
  • Resource Management
  • Timesheet Management
  • Expense Management
  • Project Billing
  • Project Cost Accounting
  • Project Budget VS Actual Reporting
  • Visibility into Profitability
  • Project Accounting

QuickBooks Online doesn’t offer this functionality.

5. Customer Relationship Management

QuickBooks doesn’t offer the CRM (Customer Relationship Management) module. NetSuite ERP provides these CRM features:

  • Salesforce Automation
  • Sales Forecasting and Quota Management
  • Reporting and Analytics
  • Upsell, Quote and Order Management
  • Marketing Automation
  • Customer Service
  • Partner Relationship Management

6. E-Commerce and Retail

QuickBooks only has the following support for E-commerce and Retail:

  • E-commerce
  • Point of Sale

By contrast, NetSuite has a plethora of features in this department, including:

  • E-commerce
  • Point of Sale
  • Order Management
  • Commerce Marketing
  • Product Content Management

7. Reporting

Both NetSuite ERP and QuickBooks Online have plenty of ‘canned’ financial reports, like cash flow statement and P&L. However, NetSuite ERP gives access to more real-time reports than QuickBooks.

TAKEAWAY: NetSuite ERP and QuickBooks Online offer various helpful features for businesses that make accounting and finance management less stressful, streamlined, and error-free. However, compared to QuickBooks, NetSuite ERP offers more features such as: more reporting options, access to KPIs, a professional service automation module, fixed asset purchase tracking. These advanced features give NetSuite an edge over QuickBooks and other similar accounting software.

NetSuite vs QuickBooks: Pricing

NetSuite and QuickBooks have different pricing models, which are dependent on required features and the process of licensing.

See below the comparison between two pricing models:

NetSuiteQuickBooks
PricingGives custom quotes based on the scope and business management function. Offers five plans with prices ranging between $25 and $150 per month.
Contract Duration A yearly contract that is renewed every year. ‘Multi-year contracts are typically discounted.’ Monthly contract.
Upfront Cost There is system configuration cost for NS consulting services or a partner to implement NetSuite. There is no upfront cost unless consultants are required for setup.
Recurring Cost Charges annual fees for the support, subscription, and user licenses. Charges annual fees for live bookkeeping services and software subscription.
LicensingDirectly through NetSuite and NetSuite partner. Buy it online.

1. NetSuite Pricing

NetSuite pricing varies greatly depending on many factors, including:

  • Size and scope of the company
  • Team’s needs
  • User licenses
  • User counts
  • Features required

That’s why NetSuite offers customized subscription quotes after analyzing the requirements. Nevertheless, NetSuite software price is anywhere from $999 to $2,999 per month. Additionally, each user license costs $99 / month.

As a NetSuite implementation partner, we are committed to fully understanding your business software needs from end to end; we can then help you choose the right package! Reach out to our account managers for more information (add link).

2. QuickBooks Pricing

QuickBooks has a defined pricing model with 5 subscription models for each plan. Here is the price for each plan:

  • Self-Employed: $15 per month for 1 user
  • Simple Start: $25 per month for 1 user
  • Essentials: $50 per month for 3 users
  • Plus: $80 per month for 5 users
  • Advanced: $180 per month for 25 users

You have to pay additional fees for the add-ons, like QuickBooks Payrolls and timesheets.

TAKEAWAY: QuickBooks is clearly a cheaper solution than NetSuite, and it may be the right fit for small companies with a lower degree of business complexity. Whereas NetSuite is the best suited for SMB companies. It helps enterprise-level organizations to scale and automate operations to cut human errors and manpower. Moreover, as a company grows, it becomes difficult to handle business challenges with entry-level accounting software. That’s where NetSuite’s depth of features can help businesses manage their processes professionally.

NetSuite vs QuickBooks: Number of Users

There is a major difference between NetSuite and QuickBooks in the number of users. QuickBooks gives access to a limited number of users whereas NetSuite has the capability to add an unlimited number of users.

NetSuiteQuickBooks
Number of Users Anyone with a NetSuite account can access NetSuite. Self-Employed: 1 user

Simple Start: 1 user

Essentials: 3 users

Plus: includes 5 users

Advanced: 25 users

1. NetSuite

Anyone within the company with a NetSuite account can access NetSuite accounting software to perform operations.

However, the degree of access to NetSuite features varies depending on the user license type. There are two types of NetSuite User Licenses: Full Access Users and Limited Access Users.

Full Access Users: They can be assigned many roles with general access to NetSuite ERP functionality.

Limited Access Users (Employee Center, WMS, APC, etc.): They have limited roles and access to NetSuite. They can perform certain restricted operations in the system, such as: enter time and expenses, approve purchase orders and vendor bills, receive inventory, access reports via a mobile device, etc. Anyone with a NetSuite account can access the system.

2. QuickBooks

QuickBooks is made specifically for small businesses, so no wonder that it gives access to a limited number of users – a minimum of one and a maximum of 25.

The number of users changes with different packaged offerings. Here are the number of users for QuickBooks for each product:

  • Self-Employed: 1 user
  • Simple Start: 1 user
  • Essentials: 3 users
  • Plus: includes 5 users
  • Advanced: 25 users

TAKEAWAY: QuickBooks Online is designed for a 2-3 employee business with a limited degree of business complexity and fewer operations. As businesses grow, segregation of duties, accessibility, and scalability become essential; organizations will likely switch to a more robust platform like NetSuite.

NetSuite vs QuickBooks: Ease of Use

NetSuite and QuickBooks accounting software make things easier for users. For example, each software has easy-to-use dashboards.

NetSuiteQuickBooks
Information Available The dashboard has a lot of information in the form of metrics, graphs, KPIs, reports, etc. Less cluttered dashboard with information about sales, P&L, income, expenses, and cash flow.
Navigation Bar The top menu bar helps to navigate to different sections. The left menu tabs for navigation to other sections.

1. NetSuite

NetSuite might seem a bit intimidating at first glance because of the vast array of information available on its dashboard. But the available information varies depending on the type of user license and role.

NetSuite Vs QuickBooks: The Ultimate Comparison Guide 2022 - Top Microsoft Dynamics and NetSuite Partner & Dynamics CRM Consultant in San Diego (8)

You can use top menu tabs for navigation and access different sections.

2. QuickBooks

Comparatively, QuickBooks’ dashboard is less cluttered, and it doesn’t give too much information on the home screen. So, the first-time user doesn’t feel so overwhelmed or intimidated. The dashboard shows reports and important financial graphs.

Moreover, the menu bar of QuickBooks Online is on the left side rather than on the top. You can use the menu bar to access: Transactions, Sales, Projects, Expenses, Cash Flow, Reports, Taxes, Payroll, Mileage, Accounting, Capital, My Accountant, and Live Bookkeeping.

NetSuite Vs QuickBooks: The Ultimate Comparison Guide 2022 - Top Microsoft Dynamics and NetSuite Partner & Dynamics CRM Consultant in San Diego (9)

TAKEAWAY: NetSuite’s dashboard is more advanced than QuickBooks’ dashboard with a lot of information. The reason is NetSuite ERP offers more functionality and features than QuickBooks Online. However, you can set privileges to define what type of information the user wants to see.

NetSuite vs QuickBooks: Customer Support

NetSuite and QuickBooks both offer live customer support, technical support, end-user training, and user group support to help customers use their accounting software with ease. Besides customer support, you can also find resources, like webinars, articles, and video tutorials to help you understand processes.

Although NetSuite ERP and QuickBooks both offer good customer support, their support models are different.

NetSuiteQuickBooks
Technical Support 24/7 toll-free phone support. 12 hours support (Mon-Fri) without direct phone call support.
End-User Training Live and/or online training by experienced trainers and partners. Live and/or online training by experienced trainers and partners.
Online Support Provides access to a large NetSuite knowledge base, including webinars, videos, guides, etc. Provides access to a large QuickBooks knowledge base, including webinars, video tutorials, articles, etc.

1. NetSuite

NetSuite’s technical support is available 24/7 and is best known for its responsiveness. You can contact them anytime in case of any query or support need.

NetSuite is also best known for its robust end-user training program. Their experienced trainers and authorized partners (SUCH AS ALPHABOLD!) are available to give on-site or online training. Several user groups are also available in the US.

2. QuickBooks

Unlike NetSuite, QuickBooks only offers 12 hours a day and 5 days a week (Monday to Friday) technical support. So, you have limited hours to get technical support from QuickBooks’ representatives.

Moreover, you cannot call QuickBooks support directly. You should first submit a request, and then their representative will call you.

QuickBooks is hands-on in its end-user training with live and online training sessions through local user groups, authorized partners, and the company’s representatives.

After paying an additional fee, you can also sign up for QuickBooks Live for online bookkeeping support.

TAKEAWAY: Both NetSuite ERP and QuickBooks Online offer various customer support options in the form of technical support, end-user training, and online support resources. However, NetSuite is superior as it offers 24/7 customer support with an option to make a direct phone call that QuickBooks doesn’t allow.

NetSuite vs QuickBooks: Integrations

Integration is important to enhance the capabilities of the system. So, whatever accounting software you select, don’t forget to check out its API capabilities and whether it can be easily integrated with other cloud or on-premises solutions.

Both NetSuite ERP and QuickBooks Online offer integration flexibility with applications and third-party software to improve performance and capabilities.

NetSuiteQuickBooks
IntegrationsConnects with third-party software suppliers and all NetSuite ERP solutions (SuiteApps).

Allows for custom integration via its SOAP and REST web services.

Connects with more than 650 business apps.

1. NetSuite

Being an ERP suite, NetSuite provides end-to-end integrations with its ERP solutions, reducing the need to integrate CRM, HCM, PSA applications. However, it still offers seamless integration options with third-party solutions, like Google Apps, Oracle, etc.

All third-party integrations are secure and developer friendly. So, if you need to improve your system’s functionality, you can do it easily.

2. QuickBooks

QuickBooks online offers integrations with around 650 Business applications, with an option to access payroll and timesheet integrations within the system.

TAKEAWAY: NetSuite comes up with built-in web services capabilities and it offers more integrations options through its SuiteApp page. Meanwhile, QuickBooks Online has the option to integrate with 650 solutions.

Conclusion

It is hard to find accounting software because there is no one-size-fits-all solution. NetSuite ERP and QuickBooks Online have their strengths and weaknesses. Moreover, the selection of the system also depends on your company’s needs and scope.

With its 5-level subscription plan, QuickBooks has impressive solutions for a wider range of organizations, including self-employed professionals, startups, and even larger organizations with lower business complexity.

NetSuite, a TOP ERP solution, is a better fit for growing organizations looking to automate their business processes and drive productivity. You can use it for better management, decision-making, operational efficiency, and streamlined processes.

We hope this article will help you understand each solution’s pros and cons. This comparison will help assess your business needs and choose the right platform for your needs based on your budget.

We hope this NetSuite vs QuickBooks guide helps you choose the right features, capabilities, and surrounding complexities. Between NetSuite and QuickBooks – choose wisely!

FAQs

What's the difference between NetSuite and QuickBooks? ›

NetSuite is a more comprehensive program that offers features such as a customer relationship management (CRM) tool, enterprise resource planning (ERP) and e-commerce solutions. QuickBooks is a simpler program that is mainly used for basic accounting tasks such as invoicing, mileage tracking and payroll.

Does NetSuite work with QuickBooks? ›

Streamline your operations by integrating QuickBooks Online to NetSuite and other business applications. Automate your workflows by synchronizing orders, customers, products, and more between QuickBooks Online and NetSuite.

Is NetSuite better than SAP? ›

While both systems can handle manufacturing and supply chain, NetSuite may be better suited to companies who do not need marketing or HR modules in the same system as their manufacturing data. On the other hand, SAP's professional services features suit those companies with deep human capital resources.

Is Oracle better than QuickBooks? ›

When assessing the two solutions, reviewers found Oracle Database easier to use and do business with overall. However, reviewers preferred the ease of set up with QuickBooks Online, along with administration. Reviewers felt that Oracle Database meets the needs of their business better than QuickBooks Online.

What is replacing QuickBooks? ›

QuickBooks alternatives
  • Xero: Best overall QuickBooks alternative.
  • Sage: Most versatile QuickBooks alternative.
  • FreshBooks: Best for self-employed people.
  • Wave Accounting: Best free option.
  • Zoho Books Accounting: Best for business owners who already use Zoho apps.
  • Bonsai: Best for freelancers.
Mar 18, 2022

Why is QuickBooks not good? ›

It is a cost-effective option, but it prohibits any remote work, which is an issue if you ever need to perform daily tasks or access financial information outside the office. It is difficult to import data from receivables, billing, payroll, and other external systems because QuickBooks uses a proprietary database.

How do I convert QuickBooks to NetSuite? ›

How to Migrate Quickbooks Online to NetSuite for free with Celigo ...

How much does NetSuite cost? ›

Based on our research, Oracle NetSuite pricing includes a $999 monthly licensing fee, plus a per-user fee that starts at $99 a month. While this base price can be used as an estimate, your costs may vary significantly depending on your specific business needs.

When should I move out of QuickBooks? ›

Here are the top nine telltale signs it's time to take the leap off of QuickBooks.
  1. You have difficulty managing and consolidating data from multiple entities. ...
  2. You need a more well-documented audit trail. ...
  3. You are about to reach the maximum number of users. ...
  4. You do not have a built-in CRM system.
Jul 21, 2020

What is NetSuite comparable to? ›

Top 10 Alternatives to NetSuite
  • Sage Intacct.
  • Acumatica.
  • FinancialForce Financial Management ERP.
  • SAP ERP.
  • Kinetic.
  • SAP Business One.
  • SAP S/4HANA Cloud.
  • QuickBooks Online.

Is NetSuite competitor for SAP? ›

HANA, SAP's in-memory computing platform, has similar functionality to that of NetSuite, as it also grants real-time access to and display of data, as well as reporting functions.

What is unique about NetSuite? ›

What is unique about NetSuite? NetSuite allows companies of any shape and size to manage their entire business applications in one unified system. It even handles the diverse needs of global businesses that use different currencies, languages, tax laws and reporting requirements.

Is NetSuite hard to use? ›

Users are divided on how easy the training is for NetSuite, but they all agree that it is a powerful piece of software that offers lots of customization. Chris Snelling, senior financial analyst at TASC, found NetSuite easy to use and setup. He writes, "NetSuite is easy to use and intuitive.

Is NetSuite on premise or cloud? ›

NetSuite is a software company that has developed a cloud-based business management platform used by more than 31,000 fast-growing organizations across the globe.

What is the difference between Oracle and NetSuite? ›

Oracle ERP Cloud solutions include a vast ecosystem of platform-as-a-service (PaaS) tools that enable easy integration with third-party applications. On the other hand, NetSuite is designed to standardize common and repeatable business processes through its robust SaaS model.

Is QuickBooks Online being phased out? ›

What does service discontinuation mean? Your access to QuickBooks Desktop Payroll Services, Live Support, Online Backup, Online Banking, and other services through QuickBooks Desktop 2019 software will be discontinued after May 31, 2022.

Do accountants like QuickBooks? ›

Software like QuickBooks is excellent at making the bookkeeping process easier. You can easily download and categorize transactions so that you are always on top of your financial situation.

Does QuickBooks have a competitor? ›

Xero and Sage, among other accounting software solutions, serve as alternatives to QuickBooks.

What are the drawbacks of QuickBooks? ›

Top Five Disadvantages of QuickBooks
  • Open to manipulation.
  • Limited File Size and Users.
  • Lackluster Invoicing.
  • Limited Integration Opportunities.
  • Customer Support Focus on to Peer to Peer.
Jan 15, 2021

Do big companies use QuickBooks Online? ›

Corporations use a variety of accounting software depending on their specific needs and size, but some of the most popular accounting software for big businesses are QuickBooks Online, QuickBooks Desktop, and Xero.

Can you migrate from QuickBooks to NetSuite? ›

Although migrating from QuickBooks to NetSuite can certainly help launch your enterprise into the stratosphere, that doesn't necessarily mean it's your best move, at least for now.

How long does it take to learn NetSuite? ›

Learning & Getting Certified in NetSuite

The Consultant Bootcamp takes about three weeks of intensive training, and it's designed for people who are already somewhat familiar with the day-to-day business of being a consultant in the field.

What programming language does NetSuite use? ›

In the case of NetSuite, JavaScript is our server-side language of choice. While JavaScript has traditionally been a client-side language, NetSuite makes use of server-side JavaScript, allowing customers to write complex business logic that runs efficiently in the cloud without having to learn a new language.

What is the average cost of NetSuite for a small business? ›

Most small businesses can expect to pay at least $2,000 to $3,000 per month. Of course Netsuite's pricing is tailored to the customer, meaning it can vary substantially.

How long will QuickBooks 2022 be supported? ›

Support for ProAdvisors is improved. The one-time purchase of QuickBooks Desktop 2021 products is extended until December 10, 2021 for the Accountants.
...
For QuickBooks Desktop Older Versions.
QuickBooks DesktopOne-time purchase (supported through May 2025)
Accountant Edition 2022 Pricing$799.99 for 1 user

Is QuickBooks Desktop 2021 being phased out? ›

Intuit, the company behind QuickBooks, announced the discontinuation of QuickBooks Desktop on October 20th 2021. They stated that any business using the desktop version of QuickBooks would need to find a QuickBooks alternative by midnight of January 31st 2023.

Do I need to update QuickBooks every year? ›

If you have a one-time license for an older version of QuickBooks, you don't have to upgrade to an annual subscription immediately. Your version of QuickBooks will be supported for three years after its release. So, for example, if you purchase QuickBooks Desktop Pro 2020, this product will be supported until 2023.

Does NetSuite compete with Salesforce? ›

Salesforce is a bit more transparent with their pricing. Like their NetSuite rivals, they offer a tailored service that helps businesses of all sizes mold a solution that best suits their needs and budget. Different licensing levels are available which entitle a user to more features, but at an additional cost.

What is the difference between NetSuite and Salesforce? ›

Perhaps the most important difference is that NetSuite is primarily an ERP (Enterprise Resource Planning) software with an included CRM system. On the other hand, Salesforce is only a CRM software solution with no ERP included.

Does Salesforce integrate with NetSuite? ›

NetSuite to Salesforce integration can help businesses realize ROI sooner with the following business advantages: Data quality. Automated processes, such as quote-to-cash, order management and supply chain management.

Is Oracle better than SAP? ›

And overall, both SAP and Oracle ERP software do this well. But Oracle stands victorious. Oracle simply has a more comprehensive financial suite with better budgeting, pricing and core accounting tools. All other features were rated equally by our analyst team (except for HR, which SAP held the upper hand).

How is NetSuite different? ›

NetSuite supports drill down, drill through for custom reports. NetSuite uses a consistent data model and database for all its information, which means that even as customers build customized reports & dashboards, you can still drill down and drill through from summary level info to detailed levels.

What are the different NetSuite modules? ›

Common ERP modules support back- and front-office functions like finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management (CRM) procurement and workforce management.

Why is NetSuite the best? ›

NetSuite's built-in functionality allows it to support multiple applications under one platform, reducing costs and enhancing productivity with almost no extra cost of needing consultants to make each system work together as one application. NetSuite also sends all this data to clear and easily customizable dashboards.

Who should use NetSuite? ›

The bottom line is, NetSuite provides financial management and data analysis that are crucial for fast-growing businesses with 10 to 1,000 employees. It's geared mainly towards startups and organizations large enough to benefit from more complex features such as ERP solutions.

Is NetSuite a good ERP system? ›

Netsuite is Powerful and Agile Great ERP

Netsuite is a full ERP solution that provides excellent functionality to automate core financial processes so that corporations can function more seamlessly. It helps manage inventory and vendors within companies so that there are tight records that translates into the GL.

What size company should use NetSuite? ›

NetSuite is most often used by companies with 10-50 employees and 1M-10M dollars in revenue.

Is NetSuite suitable for large companies? ›

NetSuite is highly reviewed and an excellent option for many companies. It is an all-encompassing ERP system with an integrated suite of applications to manage financials, orders, production, supply chain, warehouse, fulfillment and procurement.

Do people like NetSuite? ›

Great overall experience with the software. We have found it to be easy to use, its configurable to meet our needs and a solution we can grow with. Overall good value, reasonably low cost feature rich completely cloud based ERP system. Product is completely cloud based and easy to use.

What is the difference between ERP and Cloud ERP? ›

The basic difference between on-premise ERP and cloud ERP is clear: On-premise ERP solutions are installed locally on your company's hardware and servers and then managed by your IT staff while cloud ERP—also called SaaS, or Software-as-a-Service—is provided as a service.

Is NetSuite a SaaS? ›

NetSuite is the leading provider of Cloud-based (Saas) software for accounting, inventory, CRM, professional services, and ecommerce. NetSuite, in addition to being Saas, it is also Platform as a Service (PaaS). This means it is build for the cloud and designed to interact well with other software systems.

Is NetSuite a CRM? ›

NetSuite Customer Relationship Management (CRM) delivers powerful capabilities all in a single cloud solution, including sales force automation, marketing automation, and customer service and support.

Is NetSuite good for accounting? ›

Oracle NetSuite is our choice as the best accounting software within an ERP platform because of its robust services that can drive a business's entire financial management needs.

Does NetSuite do accounting? ›

What is NetSuite Cloud Accounting Software? NetSuite cloud accounting software simplifies the process of recording transactions, managing payables and receivables, collecting taxes and closing the books and enables timely, accurate reporting and greater control of financial assets.

How do I convert QuickBooks to NetSuite? ›

How to Migrate Quickbooks Online to NetSuite for free with Celigo ...

Is NetSuite hard to use? ›

Users are divided on how easy the training is for NetSuite, but they all agree that it is a powerful piece of software that offers lots of customization. Chris Snelling, senior financial analyst at TASC, found NetSuite easy to use and setup. He writes, "NetSuite is easy to use and intuitive.

Top Articles

You might also like

Latest Posts

Article information

Author: Corie Satterfield

Last Updated: 10/27/2022

Views: 6549

Rating: 4.1 / 5 (62 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Corie Satterfield

Birthday: 1992-08-19

Address: 850 Benjamin Bridge, Dickinsonchester, CO 68572-0542

Phone: +26813599986666

Job: Sales Manager

Hobby: Table tennis, Soapmaking, Flower arranging, amateur radio, Rock climbing, scrapbook, Horseback riding

Introduction: My name is Corie Satterfield, I am a fancy, perfect, spotless, quaint, fantastic, funny, lucky person who loves writing and wants to share my knowledge and understanding with you.