Should you stay with QuickBooks or consider a QuickBooks to NetSuite migration? Both are powerful accounting software solutions, but they serve different business needs. QuickBooks is the most popular small business accounting software solution, but it wasn’t built to run an entire business. NetSuite, on the other hand, is a full ERP system that goes beyond basic accounting and financial management.
So, when does a company outgrow QuickBooks? And what benefits can NetSuite deliver once you’ve hit that wall? Our experts have put together this guide to help you decide whether now is the right time to make the switch.
NetSuite vs. QuickBooks: An Overview
Before we dive deep, here’s a snapshot comparison of the two systems:
QuickBooks is known for being dependable, while NetSuite is designed to carry heavy business loads.
A Feature-by-Feature Comparison
Let’s see how these two platforms compare across core accounting functions and business operations.
QuickBooks helps with basic accounting and simpler accounting tasks, while NetSuite provides a comprehensive suite that unifies finance, operations, and CRM into one core platform.
Pricing Comparison of NetSuite vs. QuickBooks
We understand that cost is always a factor when choosing the right accounting software.
QuickBooks pricing is straightforward and budget-friendly for small businesses with simple accounting tasks.
NetSuite pricing is more expensive upfront, but consolidates functions into one comprehensive suite, making it cost-effective for medium-sized businesses with complex accounting and multi-subsidiary management.
When comparing costs, we recommend thinking long-term. Many mid-sized businesses spend more patching together multiple apps with QuickBooks than they would with a single comprehensive suite like NetSuite.
When QuickBooks Hits the Wall
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How do you know it’s time to move from QuickBooks? Look for these signs:
- Struggling to manage multiple locations with disconnected data.
- Overreliance on spreadsheets and third-party integrations for things like payroll, CRM, or order management.
- Delays in financial reporting or errors in consolidated financial statements.
- Needing advanced features like revenue management, asset management, contract management, or global tax management.
- Planning for business growth that includes global expansion or multiple subsidiaries.
- Accounting teams are spending more time fixing errors than analyzing financial performance.
If you’re constantly asking QuickBooks to do things it wasn’t built for, that’s a clear red flag that it’s time for a change.
Why Do People Switch from QuickBooks to NetSuite?
Companies don’t switch just for fun, as the undertaking of doing so can be tedious. Instead, they switch because NetSuite solves problems QuickBooks can’t.
Here’s why:
- Entire business visibility: One core platform for financial data, inventory management, supply chain management, customer relationship management, and project management.
- Workflow automation: Reduces manual accounting tasks and speeds up processes.
- Scalability: Handles complex accounting and global operations with ease.
- Real-time dashboards: Leadership can track financial health, cash flow, financial performance, and financial reporting instantly.
- Advanced features: From multi-subsidy management to professional services automation and resource management.
Many companies switch because they need stronger control over procurement and fulfillment. NetSuite supply chain management connects vendors, warehouses, and customers in one unified system, something QuickBooks can’t match. QuickBooks is the ideal platform for getting started, but at some point, you’ll need a full-fledged solution to take your business to the next level.
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Future-Proof Your Accounting with Lineal CPA
Tired of hitting the limits of QuickBooks? We’ll help you transition to NetSuite ERP and set up the comprehensive suite your business needs.
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Transition Tips: Moving from QuickBooks to NetSuite
Switching systems is a big move that requires the right preparation. Here’s how to make it smoother:
- Assess business needs: Identify gaps in your current accounting software and list the features you need.
- Plan modules: NetSuite is modular. Decide if you need financial management, project management, CRM, or supply chain management right away.
- Clean up data: Simplify your financial data and ensure accuracy before migration.
- Test in a sandbox: Pilot your setup to confirm reports, workflow automation, and accounting processes align with expectations.
- Train accounting teams: Ensure everyone understands the user-friendly interface and new accounting functions.
- Monitor results: Track KPIs like financial performance, revenue management, expense tracking, and cash flow to measure ROI.
When moving to NetSuite, it’s important to anticipate common NetSuite issues that can occur during setup and know how to fix them quickly to avoid disruptions.
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Simplify Your Growth Journey with Lineal CPA
Let’s break it down into simple terms. QuickBooks is the right accounting software for small businesses needing an affordable, user-friendly interface to manage income and expense tracking. NetSuite, on the other hand, is built for companies that need to integrate financial management, supply chain management, project management, and customer relationship management into one comprehensive suite.
At Lineal CPA, we’ve helped countless businesses transition from QuickBooks Enterprise to NetSuite ERP at the right time. Whether you’re considering QuickBooks Online Advanced, QuickBooks Desktop Enterprise, or are ready to upgrade to NetSuite ERP, we’ll guide you in choosing the right accounting software that simplifies financial management and supports long-term business growth.
We have over a decade of hands-on Oracle NetSuite experience and want to help improve your overall experience. Schedule a call today to discuss how we can help you move from QuickBooks to NetSuite seamlessly.
