Compare NetSuite Financials and QuickBooks - Jan 2023

Shlomi Lavi

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Bottom Line: Which is Better - NetSuite Financials or QuickBooks?

QuickBooks is more expensive to implement (TCO) than NetSuite Financials, and NetSuite Financials is rated higher (89/100) than QuickBooks (87/100). NetSuite Financials offers users more features (16) than QuickBooks (15). There is a clear winner in this case and it is NetSuite Financials!

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:

NetSuite Vs. Intuit

NetSuite: NetSuite is the world's leading provider of cloud-based business management software. NetSuite helps companies manage core business processes with a single, fully integrated system covering ERP/financials, CRM, ecommerce, inventory and more.   More than 12,000 high-growth and midsized companies and divisions of large enterprises...

Intuit: Intuit Inc. is an American company that develops financial and tax preparation software and related services for small businesses, accountants and individuals. Build Your Business w/ Intuit. Get QuickBooks Accounting Software, a Free Website Builder, Credit Card Processing & Payroll Services. NEW: Pay by Mobile! 

Who is more expensive? NetSuite Financials or QuickBooks?

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 NetSuite Financials and QuickBooks.

NetSuite Financials price starts at $499 per user/month , On a scale between 1 to 10 NetSuite Financials is rated 2, which is much lower than the average cost of Accounting & Finance software. QuickBooks price starts at $15 per month , When comparing QuickBooks to its competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.

Bottom line: NetSuite Financials cost is around the same cost of QuickBooks.

Which software includes more/better features?

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

NetSuite Financials: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Depreciation, Fixed-Assets, Multi-Currency.

QuickBooks: Accounts Payable, Accounts Receivable, Audit Trail, Balance Sheet, Billing & Invoicing.

Target customer size

Netsuite Financials is ideal for businesses of all sizes and has catered to the needs of hundreds of companies. QuickBooks Premier 2014 was designed for use by every type of business.