If you’re like most business owners, you want to find the best possible software to manage your finances. But with so many options on the market, it can be tough to know where to start. Do you need something simple to track your expenses, or do you need something more robust that can handle your payroll and inventory? And what about cloud-based software? Is it worth the investment?
To help you make a decision, we’re going to put two of the most popular financial management software against each other: Netsuite Vs QuickBooks. We’ll take a look at the features of each program, their pros and cons, and who they’re best suited for. By the end of this article, you should have a good idea of which one is right for your business.
Oracle Netsuite: Overview
Netsuite is a cloud-based accounting application. It includes various features like Custom Relationship Management, Automation, etc. It offers immediate data in a customizable form.
That’s why Oracle Netsuite is considered one of the best management systems. It is good for small-scale companies as they want complete solutions for their business that help them to grow at a large scale. It mainly targets large-size companies.
QuickBooks is an accounting software program that small businesses can use to manage their finances. The program is designed to be user-friendly, and it can track income and expenses, create invoices and reports, and manage customers and vendors. QuickBooks can be used to track inventory, create payroll, and prepare tax returns. In addition, the program offers a number of features that can help businesses to streamline their operations. QuickBooks is available in both desktop and cloud-based versions, and it integrates with a number of other software programs. Businesses can use QuickBooks to manage their finances in an efficient and effective manner.
The Capabilities of QuickBooks
- Equipped with a cloud-based interface.
- Assists in creating invoices
- Remote access available
- Comes with a desktop & online version.
- Online payment integration is present.
The Capabilities of Netsuite
- It is moderate.
- You can view customer records.
- Access to Key Performance Indicators.
- It has attractive dashboards & reporting.
- It automates workflows.
Read More - How to Setup Inventory in QuickBooks?
Oracle Netsuite vs QuickBooks: Cost & Pricing
As you have seen, both Netsuite by oracle and QuickBooks offer the same purpose. But, if we talk about features then Netsuite provides more advanced features than QuickBooks. So, when we compare both the software based on price, we can see the difference.
Netsuite gives you a customizable pricing method like other businesses. It doesn’t print the price on the website but you have to contact the support team to understand the pricing plan. Its costs vary depending on a variety of unique features & factors, including business size, usage, user requirements, etc. According to references from several online records, the licensing charge for the NetSuite plan is $999, and the per-user fee begins at $99 per month.
QuickBooks provides a clear pricing plan that you can see on its website. They have 4 different categories of plans that is:
QuickBooks starting pricing is $15 a month. A free trial of 30 days is also available.
- Easy Start costs $11/mo.
- Essentials costs $22/mo.
- Plus costs $33/mo.
- Advanced costs $70/mo.
Difference Between Oracle Suite Vs QuickBooks
We are listing the main difference between QuickBooks vs Oracle Netsuite:
- Netsuite doesn’t allow you to pay monthly on your license but QuickBooks allows you to pay.
- In contrast to Quickbooks, Netsuite offers you a Price Consultant to assist you to set a price and outfit your account with the necessary features.
- Netsuite charges according to the product formation while QuickBooks charges/mo.
- While Quickbooks is best for smaller firms that only require accounting and finance software, Netsuite is better for corporations that want an all-facility under one roof.
Read More - What are the Key Difference between Quicken vs QuickBooks?
Netsuite vs QuickBooks: Pros & Cons
Netsuite and QuickBooks are two of the most popular accounting software programs on the market. Both offer a wide range of features and options that can be helpful for businesses of all sizes. So, how do you decide which one is right for your company? Here’s a look at some of the pros and cons of each program:
- An effective web managerial accounting platform.
- It can gather all data under one roof.
- It offers a Customer Relationship Management feature.
- Provides a Netsuite ERP system.
- Not able to decide the pricing as for that you need to hire a consultant.
- Doesn’t provide a free trial.
- You need to be extra careful as it might be possible that you pay more than required.
- It is inexpensive and user-friendly.
- Top-notch accounting software.
- Not even close to Netsuite’s level of power.
- Not a comprehensive answer.
- Basic functionality is offered by lower-grade programs.
In the end, it’s up to you to decide which accounting software is best for your business. Both options have their pros and cons, but hopefully this article has helped you make a more informed decision. If you’re still not sure which option is right for you, don’t hesitate to reach out to us for help. Our team of experts is more than happy to answer any questions you may have about Netsuite or QuickBooks.
Frequently Asked Questions (FAQs)
Q1. What is the comparison between QuickBooks vs Quicken?
Answer – QuickBooks mainly focuses on small businesses and also provides an online version of their program that many businesses can use while Quicken focuses on personal finances and families and delivers local software that can be used on individual PCs.
Q2. What is the difference between Oracle & QuickBooks?
Answer – QuickBooks allows you to manage all your data in one place while Oracle helps companies in making good decisions, decreasing costs, and increasing productivity.
Q3. Why do people switch from QuickBooks to NetSuite?
Answer – People switch from QBs to Netsuite because it provides more advanced features that help in their revenue and growth.