Month-end close often feels like a giant, messy puzzle, especially with manual accounting.
Endless spreadsheets, constant re-checking, and the dread of errors can drain your time and energy.
It’s a real headache that can hold your business back.
Let’s explore Easy Month End vs NetSuite, which option best fits your accounting needs.
Overview
We’ve spent considerable time with both traditional month-end processes and NetSuite’s capabilities.
Our comparison stems from hands-on testing and in-depth analysis of how each approach tackles the real-world demands of accounting.
This Easy month-end, join 1,257 users who saved an average of 3.5 hours and reduced errors by 15%.
Pricing: It has a free trial. The premium plan starts at $45/month.
Key Features:
- Automated Reconciliation
- Streamlined Workflows
- User-Friendly Interface
Boost productivity by up to 78%! See how NetSuite’s automation tools can transform your workday.
Pricing: It has a free trial. Custom pricing plans are Available.
Key Features:
- Financial Management
- Inventory Management
- Order Management
What is Easy Month End?
So, you’re looking for an easier way to close your books each month?
Easy Month End is a tool built just for that.
Think of it as your digital checklist and assistant for all those month-end tasks.
Also, explore our favorite Easy Month End alternatives…
This Easy month-end, join 1,257 users who saved an average of 3.5 hours and reduced errors by 15%. Start your free trial today!
Key Benefits
- Automate reconciliations and save two hours.
- Follow clear steps to close your books faster.
- The simple design is easy for everyone to grasp.
Pricing
- Small: $45
- Small: $89
- Small: Customize
Pros
Cons
What is NetSuite?
So, what is NetSuite? It’s a huge software system for businesses.
Think of it as an all-in-one platform. It handles your accounting, inventory, and even customer relationships.
It’s designed for bigger companies. It aims to connect all your business operations.
Also, explore our favorite NetSuite alternatives…
Boost productivity by up to 78%! See how NetSuite’s automation tools can transform your workday.
Key Benefits
- Integrates ERP, CRM, and accounting in one system.
- Offers real-time visibility across all business operations.
- Supports businesses in over 200 countries and territories.
- Provides over 30,000 customers with its robust platform.
Pricing
They offer custom pricing plans based on your requirements. Please contact them to get your perfect plan.
Pros
Cons
Feature Comparison
Choosing the right accounting software is crucial for your finance team.
This feature comparison will help you understand how Easy Month End and Oracle NetSuite stack up.
1. Core Focus and Scope
- Easy Month End: This tool is designed to simplify the month-end close process. It acts as a dedicated close checklist task manager, helping your accounting team stay organized. It’s a focused accounting solution for a very specific business need.
- NetSuite: As a full ERP system, NetSuite offers a much broader scope. It integrates all core business processes, including financial management, CRM, and inventory management. It’s built to manage vast amounts of business data across an entire organization.
2. Automation Capabilities
- Easy Month End provides automation for reminders and task tracking. It helps automate the management’s month-end close process by sending notifications and tracking progress, which allows accounting team members to know what’s due.
- NetSuite: Offers deep automation across many business processes. For the financial close, Oracle NetSuite can automate journal entries, accounts payable and accounts receivable reconciliation, and revenue recognition, significantly reducing manual transaction processing.
3. Financial Management Depth
- Easy Month End focuses on organizing the financial close tasks. It helps ensure all steps are completed for accurate financial data reporting, but it doesn’t directly handle bookkeeping or budget creation.
- NetSuite provides comprehensive financial management. It includes a robust general ledger, detailed accounts payable and accounts receivable modules, and tools for budget creation and tracking. It gives a complete view of your financial data.
4. Ease of Use and Implementation
- Easy Month End is designed for quick setup and ease of use. It’s straightforward to implement and learn, making it ideal for small businesses looking to simplify their workflow without a steep learning curve. It often offers a free trial to get started.
- NetSuite: Due to its vast capabilities, implementing Oracle NetSuite is a complex project. It requires significant planning and training. While it ultimately helps businesses streamline operations, the initial setup can be challenging.
5. Target Audience and Business Size
- Easy Month End is best suited for small businesses or specific finance team needs within larger companies that want a dedicated month-end close process management tool. Its simplicity caters to smaller accounting team sizes.
- NetSuite: This product primarily targets mid-sized to large enterprises. Its comprehensive nature and high cost make it a significant investment. It’s built for businesses that require an integrated ERP system across many departments.
6. Integration and Ecosystem
- Easy Month End: Primarily a standalone accounting solution for month-end close process management. It doesn’t offer direct integrations with other accounting software like QuickBooks or ERPs for transaction data.
- NetSuite is designed to be the central ERP system. It offers extensive integration capabilities with other business applications, which means it can pull business data from various sources, unlike a simple accounting solution like QuickBooks.
7. Key Accounting Modules (Specifics)
- Easy Month End: This tool focuses on the close checklist itself. It helps track the completion of tasks related to accounts payable, accounts receivable, and journal entries, but doesn’t process the transaction data within its system. It organizes tasks to support the balance sheet reconciliation process.
- NetSuite: Features native modules for accounts payable, accounts receivable, general ledger, revenue recognition, and inventory management. It processes every transaction directly, allowing for real-time updates to the system’s balance sheet and automated journal entries. It’s a complete financial management system.
What to Look for When Choosing Accounting Software?
- Your Business Size: Does the software fit your current business size and future growth? Small businesses have different needs from large enterprises.
- Specific Needs: Do you need a focused accounting solution like Easy Month End for just the month-end close process, or a full ERP system like Oracle NetSuite?
- Budget: Can you afford the upfront and ongoing costs? Consider both licensing and implementation.
- Ease of Use: How quickly can your accounting team and finance team learn and adapt to the workflow?
- Integration: Will it work well with your existing systems, or will it replace them? Think vs. QuickBooks, if that’s your current system.
- Automation Levels: How much automation do you need for transaction processing, journal entries, and revenue recognition?
- Reporting: Does it provide the financial data insights and balance sheet reports you need for decision-making?
Final Verdict
For most service-based businesses and smaller operations aiming to streamline their month-end.
We pick Easy Month End.
It’s simple, affordable, and perfect for that specific month-end close process headache.
It won’t manage every invoice or all your financial planning, but it gets the job done.
However, if you’re a larger company needing full cloud accounting and management software that handles everything,
NetSuite is the top choice.
We’ve seen how these tools perform, so you can choose what’s best for your accounting team.
More of Easy Month End
- Easy Month End vs Puzzle IO: Puzzle IO offers AI-powered bookkeeping and financial management automation.
- Easy Month End vs Dext: Dext excels at receipt and invoice capture for the automation of data entry.
- Easy Month End vs Xero: Xero is a popular cloud accounting software for small businesses with strong bank feeds.
- Easy Month End vs Synder: Synder focuses on syncing transaction data from sales platforms to accounting software.
- Easy Month End vs Docyt: Docyt provides AI-powered bookkeeping and workflow automation for financial data.
- Easy Month End vs RefreshMe: RefreshMe is a task management software for recurring business processes.
- Easy Month End vs Sage: Sage offers a range of accounting software solutions for businesses of various sizes and needs.
- Easy Month End vs Zoho Books: Zoho Books is a comprehensive cloud accounting solution with invoice and expense management.
- Easy Month End vs Wave: Wave provides free accounting software and bookkeeping for small businesses.
- Easy Month End vs Quicken: Quicken is personal financial planning software, not typically for business processes.
- Easy Month End vs Hubdoc: Hubdoc automates document collection and data entry for the accounting team.
- Easy Month End vs Expensify: Expensify specializes in expense management and receipt tracking automation.
- Easy Month End vs QuickBooks: QuickBooks is a widely used accounting software for small businesses and financial management.
- Easy Month End vs AutoEntry: AutoEntry automates data entry from invoices and receipts into accounting software.
- Easy Month End vs FreshBooks: FreshBooks is a cloud accounting Software popular with service-based businesses for invoice and time tracking.
More of NetSuite
- NetSuite vs Puzzle IO: Puzzle IO offers AI-driven bookkeeping and financial management for automation.
- NetSuite vs Dext: Dext focuses on automated data extraction from receipts and invoices for the accounting team.
- NetSuite vs Xero: Xero is a cloud accounting solution, simpler than NetSuite, great for small businesses.
- NetSuite vs Synder: Synder specializes in syncing sales transaction data to accounting software.
- NetSuite vs Docyt: Docyt provides AI-powered bookkeeping and workflow automation for financial data.
- NetSuite vs RefreshMe: RefreshMe is a task management software for recurring business processes and checklists.
- NetSuite vs Sage: Sage offers diverse accounting software and ERP system options for various business sizes.
- NetSuite vs Zoho Books: Zoho Books is a comprehensive cloud accounting system, more affordable for small businesses.
- NetSuite vs Wave: Wave provides free accounting software for basic bookkeeping for small businesses.
- NetSuite vs Quicken: Quicken is a personal financial planning tool, not an ERP system for business needs.
- NetSuite vs Hubdoc: Hubdoc automates document collection, feeding financial data into accounting software.
- NetSuite vs Expensify: Expensify is a dedicated expense management platform with automation for receipts.
- NetSuite vs QuickBooks: QuickBooks is a popular accounting software for small businesses, simpler than NetSuite.
- NetSuite vs AutoEntry: AutoEntry automates data entry from documents, enhancing accounting workflow.
- NetSuite vs FreshBooks: FreshBooks is a cloud accounting for service-based businesses, strong on invoice and time.
Frequently Asked Questions
Is Easy Month End a full accounting software like NetSuite?
No, Easy Month End is a specialized tool for managing the month-end close process. NetSuite is a comprehensive ERP system that handles all aspects of financial management and business processes.
Can small businesses use NetSuite?
While NetSuite is powerful, its complexity and cost often make it less suitable for most small businesses. Easy Month End is typically a more practical accounting solution for their specific business needs.
How does automation differ between the two?
Easy Month End automates task tracking and reminders for your accounting team. NetSuite offers deeper automation across financial data entry, journal entries, and extensive workflow integration.
Does Easy Month End handle invoice processing?
No, Easy Month End does not process individual invoice or transaction data. It focuses on organizing the close checklist tasks required to finalize accounts, not the underlying bookkeeping.
Which is better for financial planning?
NetSuite offers robust modules for financial planning and budget management as part of its ERP system. Easy Month End does not directly support financial planning; it’s solely for the month-end close process.
