NetSuite Review: Best Accounting Software in 2025?

You’re running a business. Accounting headaches? They can slow you down.

You need a tool that handles everything. But how do you find the right one? It’s tough.

So many choices! Imagine messy spreadsheets. Missed deadlines.

Losing track of money. It’s a nightmare, right? You want simple. You want powerful. 

NetSuite might be your answer. It’s a big name in business software. 

Let’s find out. We’ll look at the good and the bad of NetSuite. By the end, you’ll know if it’s right for you.

What is NetSuite?

NetSuite is a business tool that lives in the cloud.

It’s designed to help companies manage their important stuff all in one place.

Imagine it helps with accounting so you can track your money.

Plus, it has CRM to keep your customer info organized. You can track expenses with it. 

NetSuite also helps you automate many tasks, and it lets you easily create reports.

It even helps with the implementation of many business processes.

It’s like a big organizer for your business, making it easier to see what’s going on and make good decisions.

Who Created Netsuite?

NetSuite was created by Evan Goldberg. In 1998, he started the company.

He wanted to make a cloud-based ERP system.

Think of it: business software on the internet! Larry Ellison helped fund it.

The goal? To give businesses real-time insight. 

They wanted a single dashboard to manage everything. This included inventory and more.

The vision was easy integration for all business needs. Now, NetSuite is a big part of Oracle.

Top Benefits of NetSuite

• Customization: You can change NetSuite to fit your business. It’s not one-size-fits-all. You can make it work the way you want.
• Oracle Cloud Infrastructure: It runs on strong, reliable servers. This means your data is safe and always available.
• Analytics: NetSuite gives you clear reports and numbers. You can see how your business is doing and make smart choices.
• Suite: It’s a whole set of tools in one place. You don’t need lots of different programs.
• HR: It helps manage your employees. You can keep track of their info and pay them easily.
• Integrate: You can integrate it with other programs. This makes it easier to share information.
• Module: NetSuite has different parts, or modules, for other jobs. You only use what you need.
• Best Practices: NetSuite is built with best practices in mind. This helps you run your business more efficiently.

Best Features

NetSuite is a powerful cloud-based system that helps businesses manage their money and operations all in one place.

NetSuite combines many different parts of a business—like finance, sales, and inventory.

This means that all your data is connected, giving you a complete and real-time picture of how your business is doing.

1. Customizable Sales Templates

NetSuite lets you make them your own. Change the look. Add your logo.

Put in the info you need. This saves time. Everyone uses the same forms.

No more messy paperwork. It keeps things looking professional.

You can make templates for quotes, orders, and more.

2. Ease of Use

NetSuite is designed to be easy. You don’t need to be a tech expert.

It has a simple layout. You can find what you need quickly.

It’s like a website that’s easy to navigate.

This makes it easier for everyone on your team. 

They can learn it fast. You can get more work done.

3. Reports and Analytics

Numbers are important. NetSuite gives you clear reports.

You can see how your business is doing. Look at sales, expenses, and more.

It turns numbers into charts and graphs. This makes it easy to understand.

You can see trends. You can make smart choices. You can track everything.

4. Sales Workbook

The Sales Workbook is like a digital notebook. It helps your sales team stay organized.

They can keep track of customers. They can see what deals are in progress.

They can plan their day. It’s all in one place. No more lost notes.

It helps them close more deals. It also helps managers see how the sales team is doing.

5. Performance Indicators

NetSuite shows you how your business is performing. These are called KPIs.

They show important numbers like sales, profits, and customer satisfaction.

You can see these numbers on a dashboard. You can see them in real-time. 

This helps you spot problems early. You can fix them quickly. 

6. Fixed Assets Management

Keeping track of big-ticket items like company vehicles, computers, or machinery is important.

Netsuite’s fixed assets management helps you do this.

It tracks these items from the time you buy them until you sell or get rid of them.

The system also automatically calculates how much the assets are worth over time (called depreciation), which is a key part of accounting.

7. Multi-Book Accounting

For businesses that need to follow different accounting rules, this feature is very useful.

It allows you to maintain multiple sets of books in one system.

For example, you might need one set of books for your local government’s rules and another for a different country’s rules.

This feature helps you stay compliant without having to use different software for each set of rules.

8. Accounts Receivable Automation

Getting paid is a huge part of any business.

NetSuite’s Accounts Receivable feature automates this process.

It can automatically create and send invoices to customers as soon as an order is shipped.

It also helps you manage when payments are due and can even send out reminders to customers who are late.

This helps you get your money faster and keeps your cash flow healthy.

9. Accounts Payable Automation

Paying bills on time is essential for a good business.

This feature automates the process of paying your vendors.

It can automatically match bills to purchase orders and receipts.

This helps you avoid late fees & ensures that you only pay for what you’ve received.

It makes the entire payment process more accurate and efficient.

Pricing

They offer custom pricing plans based on your requirements. Please contact them to get your perfect pricing package.

Pros and Cons

Alternatives of Netsuite

• Puzzle IO: This software focuses on AI-powered financial planning.
• Dext: This tool is great for capturing documents and extracting data.
• Xero: This is a popular online accounting software for small businesses.
• Synder: It specializes in syncing e-commerce and payment data with accounting software.
• Easy Month End: This software is designed to streamline your month-end financial tasks.
• Docyt: It uses artificial intelligence for bookkeeping and automates financial workflows.
• Sage: This is a comprehensive business and accounting software suite.
• Zoho Books: An online accounting tool, it is known for being affordable and great for small businesses.
• Wave: This option provides free accounting software for small businesses.
• Quicken: A popular personal finance management tool that helps organize budgets.
• Hubdoc: It specializes in capturing and organizing financial documents for bookkeeping.
• Expensify: This app is focused on expense management, making it easy to track and submit receipts.
• QuickBooks: A very well-known accounting software that helps businesses with everything from invoicing to payroll.
• AutoEntry: This tool automates data entry by scanning and analyzing documents like invoices and receipts.
• Freshbooks: A powerful and complete cloud-based business management suite for larger companies.

Netsuite Compared

• NetSuite vs Puzzle: This software focuses on AI-powered financial planning for startups. Its counterpart is for personal finance.
• NetSuite vs Dext: This is a business tool for capturing receipts and invoices. The other tool tracks personal expenses.
• NetSuite vs Xero: This is popular online accounting software for small businesses. Its competitor is for personal use.
• NetSuite vs Synder: This tool syncs e-commerce data with accounting software. Its alternative focuses on personal finance.
• NetSuite vs Easy Month End: This is a business tool to streamline month-end tasks. Its competitor is for managing personal finances.
• NetSuite vs Docyt: This uses AI for business bookkeeping and automation. The other uses AI as a personal finance assistant.
• NetSuite vs Sage: This is a comprehensive business accounting suite. Its competitor is an easier-to-use tool for personal finance.
• NetSuite vs Zoho Books: This is an online accounting tool for small businesses. Its competitor is for personal use.
• NetSuite vs Wave: This provides free accounting software for small businesses. Its counterpart is designed for individuals.
• NetSuite vs Quicken: Both are personal finance tools, but this one offers more in-depth investment tracking. The other is simpler.
• NetSuite vs Hubdoc: This specializes in document capture for bookkeeping. Its competitor is a personal finance tool.
• NetSuite vs Expensify: This is a business expense management tool. The other is for personal expense tracking and budgeting.
• NetSuite vs QuickBooks: This is well-known accounting software for businesses. Its alternative is built for personal finance.
• NetSuite vs AutoEntry: This is designed to automate data entry for business accounting. Its alternative is a personal finance tool.

Personal Experience with Netsuite

Our team used NetSuite to bring all our business data into one place.

We were struggling with different software for accounting, sales, and inventory.

This meant we had to manually move data between programs, which caused errors and wasted a lot of time.

By using NetSuite, we got a single system for everything.

This gave us a complete view of our business.

Our financial reports are now always up to date. This allows us to make better decisions.

The software made our daily work much easier and more organized.

Features and Benefits:

• Financial Management & Accounting Software: It made our financial processes smoother. We can easily track vendor bills and generate financial statements. It gave us real time data on our financial performance. This helps with our cash flow and to enhance audit trails.
• Inventory Management: We gained control over our products. It tracks what we have in our warehouse management and lets us know when to reorder.
• Customer Relationship Management (CRM): We can see all customer data in one spot. This helps our team manage sales and improve customer service.
• Real Time Visibility & Key Performance Indicators: We can see how the business is doing at any moment. The dashboards show important numbers and trends. This helps us monitor our business’s finances.
• Seamless Integration: NetSuite connected all our different departments. It links accounting capabilities with inventory management and our order management system. This prevents data silos and helps our team work together better.

Through professional services automation, our team uses financial data to monitor project profitability.

Based on our experience with Oracle Corporation, we recommend NetSuite for its robust financial features.

Final Thoughts

NetSuite is a effective business management software that brings everything together in one place.

It is a complete enterprise resource planning system that helps with things like supply chain management, global accounting, and cash management.

It is great for growing companies, from a small business to large businesses.

It allows for custom integrations with other software and has many useful other modules.

NetSuite users can manage all their business units with a single system.

It is a fully integrated platform that helps you save time and money.

If your business is growing and you need an integrated solution to manage everything from finances to your workforce.

You should consider NetSuite as a powerful option for your business solutions.

It’s a key investment for long-term success.

Frequently Asked Questions