Oracle NetSuite is much more than a basic financial management solution. NetSuite is a fully featured, cloud-based ERP application that offers accounting, CRM, eCommerce, HR management, integrations, automation, and a suite of other professional services, all in real-time without any need for additional IT infrastructure. Overall, NetSuite goes beyond average book-keeping to fully support your essential business functions.
QuickBooks, however, doesn’t support critical business operations including subscription billing, revenue recognition, asset management, and multidimensional reporting. Manual keying of data, unpredictable reporting, and redundant processes mean using QuickBooks can affect your efficiency and productivity.
|Comparing NetSuite and QuickBooks Features|
|Features||NetSuite||QB Online||QB Enterprise|
|Flexible Chart of Accounts||Yes||Third-Party||Third-Party|
|Segregation of Duties||Yes||Third-Party||Third-Party|
Here’s a brief comparison of important accounting features between NetSuite and QuickBooks, demonstrating why moving from QuickBooks to NetSuite gives you faster and more efficient accounting processes.