Compare QuickBooks and NetSuite Financials - Jan 2023

Shlomi Lavi

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

NetSuite Financials is more expensive to implement (TCO) than QuickBooks, 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 Core Accounting 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:

Intuit Vs. NetSuite

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! 

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...

Who is more expensive? QuickBooks or NetSuite Financials?

The real total cost of ownership (TCO) of Core Accounting 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 QuickBooks and NetSuite Financials.

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

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

Which software includes more/better features?

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

QuickBooks: 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, Billing & Invoicing, Check Printing, Credit Card Processing, General-Ledger.

NetSuite Financials: Accounts Payable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Cash Flow.

Target customer size

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