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NetSuite

Small Business Accounting and Management on the Web

By , About.com Guide

NetSuite is web-based software that can help with managing just about every aspect of a business. Depending on the version of NetSuite used, Netsuite offers modules for finance, customer relations management and marketing, payroll and employee management and web site development and ecommerce.

Financial features in NetSuite include:

  • Accounting
    • General ledger, accounts receivable, accounts payable
    • Billing
    • Budget management
    • Job and time tracking
    • Sales and estimates
    • Check writing and online bill payment
  • Payroll services
  • Inventory management
  • Purchasing
  • Amortization schedules (streamline redundant accounting processes like amortizing prepaid expenses.
  • Amortization Schedules can be linked to projects.

Impressive Up Time and Imports QuickBooks

NetSuite promises 99.5% uptime to ensure that you will be able to get at your applications, and from June, 2007 through May, 2008 provided 99.98% uptime for customers.

NetSuite imports or exports data in CSV format, and imports data from QuickBooks accounting software.

Netsuite Prices

In addition to some add-on modules, there are several versions of NetSuite, including versions for small business, non-profits, service businesses and manufacturing.

NetSuite is subscription based, with the small business version priced at $99 per month for the first user and $49 per month for each additional user. NetSuite's more robust flagship software runs $499 per month and $99 per user. The NetSuite representative who provided me with pricing elected not to disclose prices for all NetSuite versions or for support. If you investigate NetSuite, get prices in writing - including support costs - before signing up.

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