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SoftArt Guide: NetSuite vs. QuickBooks Comparison 
Netsuite vs Quickbooks comparison
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A recent TechValidate survey found that 93% of surveyed organizations increased visibility and control over the business since making the switch to NetSuite from QuickBooks. Why are so many small and medium businesses making the switch? Read SoftArt’s comparison guide to find out more.

QuickBooks is often the first choice for new businesses, with its intuitive interface and easy integrations. However, QuickBooks struggles to keep up as businesses grow. This is often an intimidating juncture for SMBs, as upgrading to more complex systems can inflate costs. 

This is where Oracle NetSuite ERP comes in – it offers the complex functionality of a full-fledged ERP system, an all-in-one financial management system and an affordable price point, ideal for small and medium sized businesses (SMB). 

This is why, many businesses have been investing in upgrading from QuickBooks to NetSuite. 

NetSuite vs. QuickBooks

Netsuite vs Quickbooks comparison

The Reasons Behind The Switch

QuickBooks manages standard accounting and bookkeeping needs of small businesses. But, it struggles to do handle the needs of a growing business with operations at multiple levels and more complex financial data. 

In addition to basic bookkeeping tasks such as generating reports, managing taxes and the like, NetSuite comes equipped with preconfigured KPIs, automated workflows, reminders, powerful dashboards and compliance management. 

Moreover, it automates many data consolidation tasks which have to be done manually in QuickBooks. 

Benefits of Upgrading to NetSuite

Better Reporting

QuickBooks and NetSuite both have standard accounting reports, such as P&L and cash flow. But NetSuite’s expansive library includes real-time reports and multi-currency features. 

Powerful Dashboard

NetSuite features a powerful dashboard which acts a flexible control centre packed with features. QuickBooks requires a 3rd party application like Demo to provide a similar feature.  

Multi-Entity Consolidation

Quickbooks struggles to consolidate complex data from multiple levels of an enterprise. It only allows for manual data consolidation which leads to errors. NetSuite is able to report and consolidate at multiple levels with ease. 

All-in-One ERP

While Quickbooks is mainly an accounting software, NetSuite is a full-fledged cloud based ERP system. With a powerful ERP, you don’t need to find a whole list of 3rd party vendors to integrate different business processes. 

NetSuiteQuickBooks Enterprise
Cloud-based and fully supportedYesPartially. Desktop version can be hosted by a 3rd party
Powerful DashboardsYesNo. Dashboards often need 3rd party application
Dimensional general ledgerYesNo
Able to accommodate complex org structureYesMultiple companies with complex relationships require a 3rd party application
Automated bank reconciliationsYesOnly on a company basis
Consolidation/ reporting at multiple levelsYesRequires manual manipulation in Excel