Enterprise resource planning (ERP) and financial management are two areas in which NetSuite and QuickBooks excel as robust platforms. But each has its own unique set of capabilities, and eventually a business might want to transfer platforms, which entails a difficult migration process.

Because they feel their activities have outgrown QuickBooks’ capabilities, most organizations begin to consider moving from QuickBooks to NetSuite. That isn’t always the case, therefore it could be wiser to upgrade from QuickBooks Online to Enterprise or think about add-ons.

When there’s any specific type of requirement, a switch to NetSuite is necessary. When deciding whether to switch from QuickBooks to NetSuite, there are a number of things to take into account.

In this article:

Why Choose NetSuite Instead of QuickBooks

Because NetSuite is more feature-rich and customizable than QuickBooks, and because it works well with mid-to large-sized firms, it might be a superior alternative for some businesses.

Features: While QuickBooks Enterprise delivers sophisticated inventory and reporting, NetSuite provides a full range of tools, including CRM, e-commerce, and ERP. Additionally, NetSuite provides fixed asset management, which enables you to monitor and control the asset value of your business over time.
Customization: Businesses with specific accounting requirements may find NetSuite to offer a greater range of customization choices than QuickBooks.
Scalability: Manufacturing companies that have outgrown QuickBooks can consider NetSuite as a platform that is designed to grow.
Revenue Recognition: Accounting teams may easily meet revenue recognition regulations by using NetSuite, which has the ability to automatically schedule revenue recognition.
Accounts Payable: By guaranteeing that accounting and purchasing controls are adhered to, NetSuite’s approval workflow engine lowers risk.

What to Do Before QuickBooks to NetSuite Migration?

The following are the minimal prerequisites for using NetSuite on a desktop:

Processor: A 3.2 GHz processor with two cores and four threads
RAM Space Required: RAM of at least 6 GB, while 8 GB is suggested
Windows: Windows 10 64-bit operating system and an Intel Dual-Core or Core i3 processor (or AMD equivalent) or higher
SSD Space: a solid-state drive (SSD) with a minimum of free space of 30 GB available.

The following devices are compatible with the mobile app:

iOS: Compatible with any iOS device running Apple iOS 13 or later
Android: Compatible with any Android smartphone running version 11 or higher
Plugin SuiteCloud IDE for WebStorm: Official support for Windows, Linux, and macOS exists for this plug-in. SuiOracle databases power NetSuite, an ERP system that is hosted in the cloud.
Suitable Business Type: It is appropriate for all types of businesses, from small to large.

Steps to Migrate from QuickBooks to NetSuite

Here are the steps to be followed to migrate from QuickBooks to NetSuite for free:

You Must Export Data from QuickBooks Desktop: In order to export data from QuickBooks, you will have to go to the QuickBooks Settings option. After this, click on the Export Data button. This will enable you to export reports as well as lists as CSV files. You can also use Dancing Numbers to export these files from QuickBooks in either CSV format or Excel sheet.
Import the Data to NetSuite: You must navigate to the NetSuite’s assistant and setup menu and then click on the Import or Export option. After this, you will get the option to import the file. So, select the previously exported CSV file or Excel sheet and click on the Open button.
Cross-check all the Data: Once you have imported all the required data, you will have to cross-check all the data. This process is particularly called mapping. However, the classification of data in NetSuite is complex. So, in case there are errors or gaps in your data, mapping will fix this issue.
Maintain Data Hygiene: In order to prevent data loss, you are required to clean the data in the legacy system prior to converting data.
Monitor Changes or Edits: If you have exported your company file in segments, then it will be easier for you to track changes that are usually between the segments.
Use Any Other Software to Perform All These Tasks for You: You can use software that is used for importing, exporting, and deleting data from QuickBooks. Dancing Numbers is a software that you must consider for data migration, as it can help you migrate your data easily, effortlessly, and safely.

Conclusion

When you are migrating your company’s data from QuickBooks to NetSuite, you can create a significant impact on your company’s finances and its management and operational capabilities. Users who are up with proper planning and the correct approach, businesses can ensure a smooth and efficient transition.

Additionally, you must also note that QuickBooks Desktop to NetSuite Migration offers more features, scalability, and customization options, making it ideal for organizations looking to optimize their financial processes. Lastly, the process of migration will enable many businesses to gain all the benefits of using NetSuite as a financial tool for the betterment of the company, its growth, and scalability.

Accounting Professionals, CPA, Enterprises, Owners

Looking for a professional expert to get the right assistance for your problems? Here, we have a team of professional and experienced team members to fix your technical, functional, data transfer, installation, update, upgrade, or data migrations errors. We are here at Dancing Numbers available to assist you with all your queries. To fix these queries you can get in touch with us via a toll-free number
+1-800-596-0806 or chat with experts.

Frequently Asked Questions

How do I Transfer Data from QuickBooks Desktop to NetSuite Migration?

In order to transfer data from QuickBooks Desktop to Netsuite, you will have to first export the data from QuickBooks Desktop. After this, the imported data in CSV or Excel format must be imported to NetSuite, manually or by using additional migration software such as Dancing Numbers.

Why should I Convert from QuickBooks Desktop to NetSuite?

You should consider converting to NetSuite from QuickBooks Desktop to be able to access more features, better customization, and greater scalability. These are the qualities of NetSuite that should be preferred by you in comparison to QuickBooks. NetSuite also provides advanced ERP and CRM tools, making it ideal for growing businesses.

Can I Migrate Data from QuickBooks Desktop to NetSuite on my own?

Yes, You can manually migrate data by following the steps to export and import data. In case you are unable to do this on your own, you can always use the migrating tools to ease your work. Before you convert, always remember to create a backup copy of the company file data. We would always recommend that you seek professional help because the financial data of your company is crucial data, and you should not risk it in any case.

What are the Challenges during QuickBooks Desktop to NetSuite Migration?

The challenges that you might face during migrating your company’s data to NetSuite include data mapping complexities, ensuring data accuracy, and potential downtime during migration. You have to be very careful for a successful data migration without losing or corrupting the previously downloaded data from QuickBooks Desktop.

Are there any Tools to Assist with QuickBooks Desktop to NetSuite Migration?

Yes, there are many tools to provide you assistance while you migrate data to NetSuite. Dancing Numbers also provides you the same professional migration services that can help automate and simplify the migration process by reducing errors and saving time.