With more than three million online subscribers, QuickBooks is the go-to accounting software. Still, that doesn’t mean it’s the right solution for every business out there.
In fact, there are plenty of other options that could be better suited for your business. One software solution you might be considering is NetSuite.
This QuickBooks vs NetSuite guide is here to help. It will help you understand what both solutions do, as well as how they might help your business.
Compare QuickBooks and NetSuite Uses
The first step in choosing software is understanding what they do and how they work.
QuickBooks started out as a payroll processing program. Today, there are several versions of the software, each aimed at a different audience.
You can choose from:
- QuickBooks Enterprise
- QuickBooks Premier
- QuickBooks Online
There are also specialized versions for the self-employed.
NetSuite is a newer software suite, owned by Oracle. It uses the cloud, and it also includes accounting functions.
Unlike QuickBooks, though, NetSuite doesn’t only do accounting. In fact, NetSuite offers a wide range of solutions. These include software for:
- Customer relationship management
- Supply chain management
- Human capital management
- E-commerce and retail management
- Project management
In fact, NetSuite is better thought of as an enterprise resource planning system, or ERP.
Which Is Better?
If you’re trying to decide between NetSuite and QuickBooks, it’s best to consider what you actually need.
A small business owner who wants to do payroll may not need all of NetSuite’s available features. QuickBooks may be fine for them.
If your business has more than 30 users, you may find QuickBooks doesn’t have enough capacity for you. If you’re interested in software that will do more than “just the books,” then you should take a look at NetSuite.
If you’re in the market for anything beyond accounting, then it might make sense to invest in NetSuite. You don’t need to get all NetSuite’s functionality at once, but the option is always there.
What’s more, is NetSuite’s software is all optimized to integrate together. If you choose QuickBooks, you’ll need to make sure it integrates with the other software you use.
QuickBooks vs NetSuite Costs
If you’re growing your business or know you need several types of software, then you might want NetSuite.
One concern for small business owners is almost always priced. So, how do QuickBooks vs NetSuite price points stack up?
QuickBooks is popular because it can be quite affordable. QuickBooks Online, for example, costs less than $200 a year. QuickBooks Enterprise can cost quite a bit more, starting just shy of $1,000 for the year.
What about the NetSuite cost? Costs are dependent on how many users you have. User fees are charged monthly, so a business with lots of users can quickly rack up a big bill.
Power Your Business the Right Way
When it comes to QuickBooks vs NetSuite, it all depends on what your business needs. If you have a small budget and need reliable accounting, then QuickBooks might be best. For anything more, then NetSuite could be a smart investment.
Looking for more insights about software solutions for your business? Check out more in-depth guides in our archives!