Compare GMS Accounting and NetSuite - Jan 2023

Shlomi LaviShlomi Lavi / Jan 25, 2023

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Bottom Line: Which is Better - GMS Accounting or NetSuite?

NetSuite is more expensive to implement (TCO) than GMS Accounting, and NetSuite is rated higher (100/100) than GMS Accounting (76/100). GMS Accounting offers users more features (19) than NetSuite (0).

Looking for the right Accounting & Finance solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Grants Management Systems (GMS) Vs. Oracle

Grants Management Systems (GMS): GMS (Grants Management Systems) has designed specialized software with a demonstrated record of success for hundreds of non-profit and public organizations. Our clients will tell you, GMS has a clear understanding of their distinct accounting and financial reporting needs. The GMS Accounting and Financial Management/Reporting System is not a ...

Oracle: With more than 380,000 customers—including 100 of the Fortune 100—and with deployments across a wide variety of industries in more than 145 countries around the globe, Oracle offers an optimized and fully integrated stack of business hardware and software systems. Oracle engineers hardware and software to work together in the cloud and in your data...

Who is more expensive? GMS Accounting or NetSuite?

The real total cost of ownership (TCO) of Accounting & Finance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for GMS Accounting and NetSuite.

GMS Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 GMS Accounting is rated 4, which is lower than the average cost of Accounting & Finance software. NetSuite price starts at $99 per user/month + $999 per month for the platform fee , When comparing NetSuite to its competitors, the software is rated 6 - similar to the average Accounting & Finance software cost.

Bottom line: NetSuite is more expensive than GMS Accounting.

Which software includes more/better features?

We've compared GMS Accounting Vs. NetSuite based on some of the most important and required Accounting & Finance features.

GMS Accounting: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Audit Trail, Balance Sheet, Budgeting & Forecasting, Cash Flow, Check Printing, Fixed-Assets.

NetSuite: We are still working to collect the list of features for NetSuite.

Target customer size

GMS accounting software is suitable for all business sizes. and NetSuite's target customer size include: Start up, Small business, Medium business, Large business.

GMS Accounting

ITQlick rating
(5/5)

GMS Accounting software is basically a financial management system designed specifically for non-profit and public organizations. The software was launched by Grants Management Systems and aims at regulating th...

Categories: Accounting & Finance, Billing & Invoicing, Budgeting & CPM, Core Accounting.

NetSuite

ITQlick rating
(3.8/5)

starts at $99 per user/month + $999 per month for the platform fee

NetSuite is a cloud ERP solution software that offers its users an all-inclusive platform that enables them to organize most office procedures and processes, such as eCommerce, CRM, and accounting for optimum e...

Categories: CRM, Distribution, Inventory Management, Supplier Management, Order Fulfillment.

Compare specifications

Compare features

GMS Accounting: 19 Features

Accounts Payable
Accounts Receivable
Audit Trail
Balance Sheet
Budgeting & Forecasting
Cash Flow
Check Printing
Fixed-Assets
Fund-Accounting
General-Ledger
P&L Statement
Project-Accounting
Sales Reporting
Tax compliance
Time & Expense
Automatic Scheduled Reporting
Customizable Features
Forecasting & Budgeting
Profit Analysis

NetSuite: 0 Features

We are working to collect the information
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
GMS Acco...
ITQlick rating
5/5
Score
76/100
Pricing
5/10
License pricing
Pricing not available
Functionality
40
Compare
NetSuite
ITQlick rating
3.8/5
Score
100/100
Pricing
7.8/10
License pricing
$99 per user/month + $999 per month for the platform fee
Functionality
7
Denali B...
ITQlick rating
4.1/5
Score
93/100
Pricing
2.6/10
License pricing
$1,999 per license
Functionality
16
MoneyDesktop
ITQlick rating
4.7/5
Score
92/100
Pricing
5.2/10
License pricing
Pricing not available
Functionality
4
MultiCHAX
ITQlick rating
3.4/5
Score
92/100
Pricing
7/10
License pricing
$99 per license
Functionality
5

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.