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#5

NetSuite Accounting is ranked #5 in the Hotel Accounting Software product directory based on the latest available data collected by SelectHub. Compare the leaders with our In-Depth Report.

NetSuite Accounting Pricing

Based on our most recent analysis, NetSuite Accounting pricing starts in the range of $100 - $500.

Price
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Starting From
Undisclosed
Pricing Model
Annually, Quote-based
Free Trial
Yes, Request for Free

Training Resources

NetSuite Accounting is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for NetSuite Accounting:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

NetSuite Accounting Benefits and Insights

Why use NetSuite Accounting?

Key differentiators & advantages of NetSuite Accounting

  • Find and Finish Products: Check recent activity to find the latest tasks users were working on. 
  • Log Important Information: Log and store crucial information from calls, emails, sales quotes and other forms of communication. 
  • Execute Financial Consolidations: Consolidate financials from numerous geographical regions and execute account roll-ups in real time. 
  • Smooth Integration with Inventory: Integrate Netsuite Accounting with Netsuite's Inventory management solution to receive real-time tracking information on incoming and outgoing products as well as update balance books and other financial reports. This integration will enable users to monitor and stay in the loop of their supplies. 
  • One-Click Approvals: Approve large quantities of sales orders in one click without approving them individually. 

Industry Expertise

Netsuite established the cloud computing revolution by being one of the first software companies to deliver business applications over the internet since 1998. Netsuite offers a package of cloud-based financials and ERP solutions to over 20,000 clients in more than 200 countries across advertising, nonprofit, retail, wholesale distribution and other industries. Netsuite’s vision is to revolutionize operations and aid businesses in achieving their goals.

NetSuite Accounting Reviews

Average customer reviews & user sentiment summary for NetSuite Accounting:

User satisfaction level icon: good

2235 reviews

78%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of NetSuite Accounting reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

  • Overall Performance: Of the users who discussed the performance of this solution, 58% said it was outstanding because it has automatic updates, simplifies accounting tasks and provides accurate data.
  • Customizable: Precisely 68% of users who addressed this program's customization said it is easy to configure to their business needs.
  • Accessories: Of the users who mentioned this application's accessories, 52% said they are effective, praising specifically the customizable dashboard, search engine that saves searches and customizable accounting reports.

Cons

  • System Performance: Approximately 41% of the users who mentioned this program's overall performance said it was slow and experienced crashes.
  • Functionality: Of the users who discussed this solution's functionality, roughly 47% said it was lacking features including budget forecasting, fixed assets and support for .xlsx and .xls files.

Researcher's Summary:

Netsuite Accounting is a thorough accounting ERP that superintends all bookkeeping tasks. Users are most fond of its performance with automatic updates, potent workflows and precise data collection as well as its string of features-including, tax management, general ledger, accounts payable and receivable, CRM, multicurrency and more-to boost productivity. It's also adjustable, so users may tailor it to meet their company needs. Although some users were disappointed with the system's sluggishness, occasional crashes and lack of budget estimating, fixed assets and support for .xlsx and .xls files, the majority find it an adequate bookkeeping software.

Key Features

  • Manageable Ledger: Add custom impact lines to transactions like invoices and vendor bills throughout single or numerous bookkeeping journals, reducing time in bank reconciliation, period closes and audit processes. 
  • Arrange Accounts Receivable: Perform accurate tax calculations on invoices and promptly post order transactions to general and accounts receivable ledgers for immediate tax processing and billing. 
  • Spot Account Peculiarities: Adjust dashboards, reports and KPIs for current views on customer aging, invoice analyses, repeatable invoices, deferred revenues and exception reports that catch account anomalies. 
  • Supervise Taxes: Work with the exact tax rate every time with the tax management accessory. It automatically applies the correct tax rate to purchases and is equipped with tax calculations for more than 50 countries and currencies. 
  • Insightful Cash Management: Receive immediate understandings of global transactions throughout numerous bank accounts and credit cards. Users may also review and predict cash requirements, conduct automatic bank reconciliations, swiftly deposit payments and safely develop accounting entries. 
  • Control Payments: Review and manage payment types to boost payment control with the payment management module. This module accepts several credit and debit card types and other forms of electronic payment. 

Limitations

Netsuite Accounting comes with plenty of benefits and capabilities, but there are a few limitations. At the time of this review’s publication, these are the limitations of the solution based on user feedback:

  •  Occasionally crashes 
  •  Doesn't have budget forecasting and fixed asset modules 
  •  Support team has a lagging response time 

Suite Support

Netsuite offers various customer support plans such as basic, premium and advanced. Each plan offers particular services including 24/7 phone support, online case submissions and more.

mail_outlineEmail: Email support is not available at this time.
phonePhone: Phone support is available in the customer support plans.
schoolTraining: Users with any customer support plan gain exclusive access to the SuiteAnswers portal that contains support articles, help topics, training videos and more.
local_offerTickets: Help ticket support is not available at this time.
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