NetSuite vs QuickBooks: Which Is Best for Business?

netsuite vs quickbooks

Business has never been more confusing or more competitive. Digital economics and a global market has made it so we're competing against every other business on Earth. Businesses need to be streamlined and efficient to flourish in today's economy. 

Fortunately, business owners have more powerful tools and resources available than any other time in history. That's where business intelligence tools come in. It's a big reason that business intelligence software is predicted to be a $29.48 billion industry by next year. 

Today, we're going to be looking at two of the most common spreadsheet programs to help you decide which one's right for you. Here's everything you need to know about Netsuite vs QuickBooks.

Netsuite Vs QuickBooks: An Overview

QuickBooks and Netsuite are similar in many ways. They're both cloud-based financial software suites, for instance. There are as many differences as similarities, however. 

One of the biggest differences in Netsuite vs QuickBooks is that QuickBooks is designed specifically for small and independently-owned businesses. QuickBooks also focuses primarily on accounting, as well. 

Netsuite offers a robust suite of business tools to optimize your company in every conceivable way. 

Accounting is just the tip of the iceberg. Netsuite also offers tools for marketing automation, point of sales, and eCommerce. 

Netsuite Vs QuickBooks: Which Industries Are Served?

QuickBooks is predominantly geared towards small businesses. But which industries are using QuickBooks programs? And who uses NetSuite accounting software?

QuickBooks' target industries are: 

  • Accounting firms
  • Financial services
  • Churches
  • Non-profits
  • Property management 
  • Restaurants, bars, and hospitality

Industries served by NetSuite:

  • Retail
  • eCommerce
  • Advertising
  • Media and Publishing
  • Transportation 

As you can see, Netsuite is favored by industries with business intelligence more integrated into their workflow. QuickBooks is adept at balancing the books, basically. Netsuite integrates the accounting with other components of your digital infrastructure, on the other hand. 

Netsuite Vs QuickBooks: Features Comparison

Both QuickBooks and Netsuite are both powerful software suites, with tons of features and abilities. Let's take a look at some of them, to further illustrate the differences between the two. 

QuickBooks offers tools for balancing accounts receivable and accounts payable. It also accommodates multiple types of currency. QuickBooks handles general ledger and budgeting duties, as well. 

Netsuite handles all of those duties as well. It just goes further. It also keeps track of fixed assets and can be configured to keep track of multiple businesses. Perhaps one of the biggest differences is that Netsuite can also make predictions and forecasting. 

Taking all these considerations into mind, Netsuite does all of the same things as QuickBooks, but more of it. If you're ready to find out how Netsuite can benefit your business, here's a guide to finding the best Netsuite price. 

Looking For More Business Tips?

It's an exciting time to be a business owner. It's tough, sure, but it's also highly rewarding. It's never been more possible to transform your passion into a sustainable career with the help of top software programs. 

Now that you know a bit more about Netsuite vs QuickBooks accounting software programs, browse the rest of our site for even more business finance resources. We're here to help you and your business flourish financially in the long-term.

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