Oracle Netsuite Bookkeeping Review For 2025
Oracle Netsuite Bookkeeping Plans & Pricing
Oracle Netsuite Comparison
Expert Review
Pros
Cons
Oracle Netsuite Bookkeeping's Offerings
NetSuite offers custom pricing because there are various features and other variables that affect your price, and it’s tailored to your business needs.
That said, it offers three main plans that have their own core functionalities. No matter which plan you buy, you get access to a wide array of accounting and bookkeeping tools.
NetSuite offers free product tours to assist in your purchase decision as well.
Customer Support
NetSuite offers numerous ways to receive product help. You can reach them by phone, live chat, email, or use some of the many available self-help resources.
Customer support availability differs between plans. All customers get 24/7 support for critical issues, but only those with higher-level plans can get support for non-critical issues 24/7.
Additional customer support:
Blog
NetSuite’s blog covers all sorts of topics, from general business stuff to NetSuite how-tos to use cases for the software and more.
Forums
Users can access the community forum to ask questions and learn tricks for using NetSuite.
Features & Functionality
General Features
Dynamic General Ledger
Instead of creating a static GL you have to adapt your business to, NetSuite made it the other way around. You can customize the general ledger to fit your unique and ever-changing business needs. Thanks to mapping capabilities, you can make it so entering one transaction in one ledger updates everything appropriately in other ledgers.
NetSuite’s GL also cuts down on manual journal entry work by adding customer GL impact lines that flow through to other books. This reduces time spent on account recs, closes, and more.
Accounts Receivable
NetSuite’s A/R solution automates and streamlines many aspects of the collections process, saving you time while improving your cash flows. It automatically posts transactions associated with orders to the correct accounts in your ledgers and even calculates the proper sales tax. Plus, you can offer customers self-service access to various pieces of order information.
You can create recurring invoices, too, in case you have regular clients/customers.
Tax Management
Tax compliance is a pain in one locality alone. When you’re doing business in multiple states and even countries, however, it becomes impossible to keep everything straight without the right software.
NetSuite fills this need quite nicely. It automates tax calculations for over 50 countries in all the correct currencies. It gets everything right, from supranational organizations like the EU down to foreign localities. You’ll save untold hours on working out your taxes and fixing errors, thanks to NetSuite.
Fixed Asset Management
Most small business software solutions don’t delve much into fixed assets. However, since NetSuite serves businesses of all sizes, it has a solid fixed asset management interface built-in.
In NetSuite, you can manage the entire lifecycle of each of your fixed assets. It supports all standard depreciation methods but also lets you customize your own if needed. Plus, you can integrate fixed assets with the general ledger to automatically post any depreciation or asset retirement transactions.
Reporting and Analytics
NetSuite has an entire suite of analytics features for all of its modules called SuiteAnalytics. However, let’s focus specifically on NetSuite’s financial reporting capabilities.
NetSuite offers tons of out-of-the-box reports, but of course, you can create your own as well. All reports are flexible, letting you customize them to see whatever types of transactions you’d like over whatever time period you prefer. You can tailor each report to various presentation formats depending on who needs to see them.
As you’d expect, NetSuite helps ensure all of these reports maintain compliance with all relevant accounting standards.
Beyond financial reporting, NetSuite also lets you see reports that give you operational and statistical views of your business.
Tax Preparation
Simplify and optimize tax filing with expert features and tools.
Time-Saving Automations
Automate repetitive tasks to improve efficiency and productivity.
Add-Ons
Expand functionality with additional tools and integrations.
Supported Devices
Access and use on a variety of compatible devices.
Pricing Model
Flexible pricing structures tailored to different needs and budgets.
Ease Of Use:
NetSuite does its best to make its platform intuitive. It’s not the simplest out there, though, thanks to all the features available.
In fact, an entire industry of NetSuite consultants has sprung up to help businesses set up and navigate NetSuite.
Still, NetSuite has training and plenty of support resources to make things easier.
Verdict:
NetSuite’s known for its strong offerings in accounting, supply chain, marketing, customer support, and more — as well as the ability to add these modules as needed to create a plan that’s right for your business.
In particular, NetSuite’s accounting and bookkeeping capabilities are immense. It’s packed in a wealth of features for every portion of your bookkeeping, from AR to fixed assets to reporting and more.
User Review
Write a Review- Much pricier than its competitors.
- Sometimes I have lost data because saving pages for example can take a while. Just need to be patient with set up and importing time.
- Not loving the Netsuite App. UI could be improved. I had a difficult time integrating with the application. Apart from the costly aspect of the solution, another thing that I found was that working with the reports can be quite cumbersome. I needed to exp
- Plenty of great features, add-ons, and integrations to choose from. Customer service is also extremely helpful and efficient in getting back to my requests.
- I'm still learning the ins and outs, so not many overall huge cons to report. However, because the software is so expansive it can be a bit overwhelming to learn everything in the short amount of time one may need when starting or supporting a business.
- Full customization capability allows for the right amount of personalization.
- I've successfully connected my system to numerous platforms, such as Google AI. The provided consultant has answered all my questions over time promptly. I am very satisfied with how Netsuite continues to elevate my business productivity. Hoping for anoth
- All issues I've had in the past were minor and have since been worked out.
