While QuickBooks is suitable for small businesses, NetSuite is a comprehensive solution that caters to businesses of all sizes. This means that NetSuite offers advanced functionalities, scalability, and flexibility for growing enterprises. However, the accounting software your business chooses to use is largely dependent on your business needs and plans for growth and scalability. NetSuite typically offers longevity and unlocks added Modules as your business expands.

Yes, NetSuite can handle payroll through its SuitePeople Module. SuitePeople connects HR and payroll data with financial, project planning and budgeting and procurement processes. This not only offers a businesses human resources and employee management functionality, but also eliminates multiple systems.

NetSuite offers benefits such as real-time visibility into financial data, streamlined processes, improved decision-making with actionable insights, increased collaboration, and the ability to adapt to changing business needs. For this reason, the software also eliminates the need for disparate systems and manual processes. Its cloud-based architecture is also beneficial in that it ensures accessibility from anywhere.