NetSuite vs Quickbooks
| NetSuite | Quickbooks |
|---|---|
| A Complete Business Suite NetSuite supports all your accounting, sales, and service, inventory, fulfillment, and e-commerce operations in one integrated business management suite. |
QuickBooks is only focused on accounting when it comes to fulfilling customer orders, tracking sales opportunities, or manage customer service, you always need separate applications. |
| Netsuite makes more complex accounting easy. |
QuickBooks does not effectively support multi-site operations, trading abroad, additional subsidiaries, complex pricing, revenue recognition. |
| NetSuite can be accessed from anywhere. Just need a browser or a tablet or a smartphone. |
Most QuickBooks users choose the Desktop version |
| NetSuite automates key financial processes. | QuickBooks customers continue to enter the same data into multiple applications and use spreadsheets for accounting tasks. |
| NetSuite is built to integrate with any other applications. | QuickBooks does not provide a standards-based, open architecture for connectivity to partners and other business apps. |
| NetSuite provides business performance dashboards as standard, all accessible from a web browser so they’re securely available from anywhere. |
QuickBooks gives you limited visibility into business performance. |
| NetSuite eliminates having to worry about backups, security, upgrades, performance and other typical IT issues that slow down your business. |
With QuickBooks, you always have to worry about IT issues and costs. |
| NetSuite was built from the ground up to give small- and medium-sized businesses like the headroom you need to grow your business. |
QuickBooks has limited functionality that will limit your business. |
| Multi-Language, Multi-Currency, Multiple Company & Locations. | QuickBooks is not available in a variety of languages, cannot handle foreign currency functions, and does not support local tax and accounting standards. |
| NetSuite provides advanced analytics and reporting in a single integrated tool. | Analytics is a critical weakness in QuickBooks. Customers are able to run basic financial reports but the information silo prevents users from truly evaluating and improving business performance. |
Author: Balaji Ramanujam
Director of ERP Practice
Driving successful NetSuite ERP implementations and optimizing business processes. I’m passionate about leveraging technology to maximize operational efficiency and achieve strategic objectives.
