QuickBooks vs. NetSuite
Why You Should Make the Switch
Both NetSuite and QuickBooks offer software designed to help businesses manage their accounting processes, but there is a significant difference between the two. Learn why growing companies switch from QuickBooks to NetSuite?
NetSuite vs. QuickBooks
Both NetSuite and QuickBooks offer software designed to help businesses manage their accounting processes, but there is a significant gap in the depth of features. QuickBooks suits some small businesses because it accommodates bookkeeping: managing invoices, paying bills and very basic cash flow tracking. QuickBooks may check off many boxes when it comes to standard bookkeeping, but NetSuite offers a complete financial management solution.
NetSuite, Also Offers:
- Preconfigured KPIs
- Workflows
- Customizable Dashboards
(With real-time access to financial data, you can drill into details to quickly generate statements and disclosures that comply with multiple financial regulatory requirements, including ASC 606, GAAP, SOX and more).
Simply Put, NetSuite Does More.
Feature Comparison
Both NetSuite and QuickBooks are equipped with accounting functionality, including everything from tax tools to inventory management. When it comes down to the specifics, the NetSuite ERP platform can accommodate much more detailed and expansive processes, whereas QuickBooks Online is designed to meet the day-to-day needs of small-business owners.
= Yes
= Capabilities need add-on or partner integration
= weak or no functionality
Feature
NetSuite
QB Online
QB Enterprise
True Cloud
App Store
Seamless Upgrades
Customization
Multi-Entity Consolidation
Flexible Chart of Accounts
Drill Down, Drill Through Reporting
Segregation of Duties and Audit Trail
Financial Management
QuickBooks
- Accounts Payable
- Accounts Receivable
- General Ledger
- Multi-Currency
- Budgeting
NetSuite
- Accounts Payable
- Accounts Receivable
- General Ledger
- Multi-currency/multi-tax,multi-language
- Fixed Assets
- Multi-Company & Consolidation
- Revenue Recognition
- Subscription Billing
- Forecasting & Budgeting
- Financial Planning & Analysis
Supply Chain Management
QuickBooks
- Order Management
- Procurement
- Inventory Management
NetSuite
- Order Management
- Production Management
- Inventory Management
- Procurement
- Warehouse & Fulfillment
- Demand Planning
- WIP & Routing
- Work Orders & Assemblies
- Shop Floor Control & BOM Maintenance
Human Capital Management
QuickBooks
- Payroll
NetSuite
- Human Resources Management
- Payroll
- Employee Center
eCommerce & Retail
QuickBooks
- Point of Sale
- eCommerce
NetSuite
- Point of Sale
- eCommerce
- Order & Inventory Mgt
- Product Content Mgt
- eCommerce Marketing Automation
Professional Service Automation (PSA)
QuickBooks
- No capabilities
NetSuite
- Project Management
- Resource Management
- Time sheet Management
- Expense Management
Why You Should Choose NetSuite?
QuickBooks is basically an accounting software for small businesses that helps small business owners to maintain their accounting books. But once a business grows and expands, then such basic accounting software doesn’t help anymore.
NetSuite offers powerful features, that allows businesses to lower their operational costs, reduce IT infrastructure complexity, make better business decisions and gain an edge over their competitors.
Schedule A Free NetSuite Consultation?
