Compare Xero and NetSuite Financials - Apr 2022
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Bottom Line: Which is Better - Xero or NetSuite Financials?
NetSuite Financials is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than NetSuite Financials (89/100). NetSuite Financials offers users more features (16) than Xero (13).
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:
Xero Vs. NetSuite
Xero : Xero was founded in July 2006 by successful technology entrepreneur Rod Drury and specialist small business accountant Hamish Edwards. Xero is listed on the New Zealand Stock Exchange and the Australian Securities Exchange and is a fast growing company with teams in Wellington, Auckland, Melbourne, Sydney, Brisbane, San Francisco, and Milton Keynes...
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? Xero 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 Xero and NetSuite Financials.
Xero price starts at $12 per month , On a scale between 1 to 10 Xero 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: Xero cost is around the same cost of NetSuite Financials.
Which software includes more/better features?
We've compared Xero Vs. NetSuite Financials based on some of the most important and required Core Accounting features.
Xero: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets, Purchase Orders, Data Analysis Tools, Forecasting.
NetSuite Financials: Accounts Payable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Cash Flow.
Target customer size
Xero is best for small businesses, freelancers and non-profit organizations. Netsuite Financials is ideal for businesses of all sizes and has catered to the needs of hundreds of companies.
NetSuite Financials
starts at $499 per user/month
NetSuite Financials is a cloud-based accounting and eCommerce software suite designed to comply with all business sizes. It aims to streamline your accounting department through the use of a web based applicati...
PriceDemoCompare specifications
Xero Specifications
ITQlick Score: | 94/100 |
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ITQlick Rating: |
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Pricing: | 2/10 - low cost |
Category: | Core Accounting -> Xero review |
Company: | Xero |
Pricing: | starts at $12 per month |
Typical customers: | Small businesses and start ups |
Platforms: | Desktop, Mobile, Cloud |
Links: | Xero review, Xero pricing, Xero alternatives |
NetSuite Financials Specifications
ITQlick Score: | 89/100 |
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ITQlick Rating: |
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Pricing: | 2/10 - low cost |
Category: | Accounting & Finance -> NetSuite Financials review |
Company: | NetSuite |
Pricing: | starts at $499 per user/month |
Typical customers: | Small, medium and large size businesses |
Platforms: | Desktop, Cloud |
Links: | NetSuite Financials review, NetSuite Financials pricing, NetSuite Financials alternatives |
Compare features
Xero: 13 Features
NetSuite Financials: 16 Features
Auditor - Shlomi Lavi
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.