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NetSuite vs QuickBooks: Ultimate Comparison Guide

Hands down, QuickBooks is the leading accounting software solution for startups. With an intuitive user interface that is easy to navigate, banking & HR integrations and a highly attractive price point, QuickBooks is a no-brainer for most small to medium businesses (SMB). This is a great start but as a business grows, there comes a point where size and scale force SMB’s to address staffing needs just to keep QuickBooks and its supporting systems operational. Is this you?

For many QuickBooks users, NetSuite is the obvious next step for companies looking to scale their operations without having to add additional staff.

Keep reading to learn more about how NetSuite compares to QuickBooks.

Be sure to bookmark this page as a resource during your ERP evaluation. If you’d like to talk to a NetSuite expert, lets chat.

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NetSuite vs QuickBooks Overview:

QuickBooks and NetSuite both offer cloud-based financial management software designed to help companies run their businesses.

What’s the difference?

QuickBooks focuses primarily on financial management and functions solely as a small business accounting solution. NetSuite offers a more broad based solution with a suite of enterprise grade applications that reaches well beyond the needs of accounting. NetSuite addresses Customer Relationship Management (CRM), Order Management, E-Commerce, Point of Sale, Inventory and Warehouse Management, Manufacturing, and more.

Is your business ready for NetSuite? Check out the side-by-side comparison checklist below!

 

NetSuite vs QuickBooks: Company Profiles

Overview:
QuickBooks

Founded in 1998, Intuit's QuickBooks provides a set of software solutions designed to manage payroll, inventory, sales and other needs of a small business. With 1.8 million customers (2017) QuickBooks is a leader in accounting application for small business. 

NetSuite Logo 2

NetSuite ERP is a complete cloud-based ERP solution, which automates front and back-office processes like financial management, revenue management, fixed assets, order management, billing, and inventory management and more. With NetSuite, companies can scale their businesses as they grow and streamline mission-critical processes.


Years In Business:

20

20


Customers:

~1.8 million US (2017)

~40,000


Target Industries:
  • Accounting Firms
  • Financial Services
  • Franchise
  • Church / Religious
  • Insurance
  • Lawn Care & Landscaping
  • Legal Services
  • Nonprofit
  • Property Management
  • Restaurant, Caterer and Bar
  • Retail
  • Transportation
  • Wholesale Distribution
  • Services
  • Software and SaaS
  • Retail
  • Ecommerce
  • Financials Services
  • Advertising
  • Media & Publishing
  • Healthcare
  • Life Sciences
  • Energy
  • Education
  • Transportation & Logistics
  • Nonprofits
  • Social Venture
  • Services
  • Software and SaaS
  • Manufacturing
  • Wholesale Distribution

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NetSuite vs QuickBooks: Feature Comparison

Financial Management Features:
QuickBooks
  1. Accounts Payable
  2. Accounts Receivable
  3. General Ledger
  4. Multi-Currency
  5. Budgeting
NetSuite Logo 2
  1. Accounts Payable
  2. Accounts Receivable
  3. General Ledger
  4. Multi-currency/multi-tax,multi-language
  5. Fixed Assets
  6. Multi-Company & Consolidation
  7. Revenue Recognition
  8. Subscription Billing
  9. Forecasting & Budgeting
  10. Financial Planning (PBCS)

Supply Chain Features:
QuickBooks
  1. Order Management
  2. Procurement
  3. Inventory Management
NetSuite Logo 2
  1. Order Management
  2. Production Management
  3. Inventory Management
  4. Procurement
  5. Warehouse & Fulfilment
  6. Demand Planning
  7. WIP & Routing
  8. Work Orders & Assemblies
  9. Shop Floor Control & BOM Maintenance

Human Capital Features:
QuickBooks
  1. Payroll
NetSuite Logo 2
  1. Human Resources Management
  2. Payroll
  3. Employee Center

Commerce Features:
QuickBooks
  1. Point of Sale
  2. Ecommerce
NetSuite Logo 2
  1. Point of Sale
  2. Ecommerce
  3. Order & Inventory Mgt
  4. Product Content Mgt
  5. Commerce Marketing Automation (Bronto)

Professional Service Automation (PSA) Features:
QuickBooks
  1. No capabilities
NetSuite Logo 2
  1. Project Management
  2. Resource Management
  3. Timesheet Management
  4. Expense Management

QuickBooks vs NetSuite Demo:
QuickBooks
NetSuite Logo 2
NetSuite Demo By Industry

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NetSuite vs QuickBooks Pricing:

Pricing Info:
QuickBooks
  • Between $20 and $60 per month (pending plan type)
NetSuite Logo 2
  • Base application starts at $999 per month.
  • User Licenses $99 per user per month

Contract Term:

Month to Month

NetSuite requires a year-long contract; renewed annually.


Upfront Cost:

Limited setup fees. May incur additional fees for integrations, training and support.

Additional fees apply for professional services such as implementation, integration, customizations, data migration and support.


Recurring Cost:

Annual recurring fees for the software subscription

Annual recurring fees for the software subscription.


How to License:

Direct or through Partner

Direct or through Partner

Calculate NetSuite Estimate

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NetSuite vs QuickBooks Reviews:

Software Advice:
QuickBooks
  • 4 Stars 1,736 Reviews
  • Recommend by 81% of users
NetSuite Logo 2
  • 4 Stars 91 Reviews
  • Recommended by 78% of users


Gartner:

 

 Not applicable

Magic Quadrant Leader for Cloud Core Financial Management Suites (FMS) for Midsize, Large and GLobal Enterprises - Download Report


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NetSuite vs QuickBooks Support:

Tech Support:
QuickBooks

6AM - 6PM (PST) Mon.-Fri.

NetSuite Logo 2

24/7 toll-free worldwide phone support available


End User Training:

Live and/or online training available by QuickBooks trainers and by partners.

Live and/or online training available by NetSuite training department and by partners.


Online Support:

QuickBooks has extensive knowledge base available to users.

NetSuite has extensive knowledge base (SuiteAnswers) available to all users as well as online user group.


User Groups:

Dozens of trainers and local user groups across the United States.

Dozens of local user groups across the United States.


Final Thoughts...

There are plenty of financial management solutions for companies ready to graduate from QuickBooks.  We'd suggest considering a QuickBooks alternative that can both meet your immediate needs and also provide some element of future-proofing. It's not uncommon to see companies take an intermediate step and end up needing another system migration a few short years later which is both costly and inefficient.  NetSuite has the ability to be the last ERP solution you implement no matter how large you decide to scale.

Still not sure about what solution makes most sense. Let's talk!

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