Botkeeper vs NetSuite Accounting

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Our analysts compared Botkeeper vs NetSuite Accounting based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Botkeeper Software Tool
NetSuite Accounting Software Tool

Product Basics

Botkeeper is a bookkeeping automation solution that uses artificial intelligence and machine learning to provide bookkeeping and pre-accounting functions to accounting firms and their clients.

It eliminates duplicate entry and manual errors associated with manual bookkeeping. Its human-assisted artificial intelligence functions help accounting professionals make well-informed decisions with meaningful visualizations and analysis of important financial data.
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Netsuite Accounting assists financial leaders in designing and modifying operations by pairing bookkeeping with robust compliance management to increase business performance and close proficiency. Immediate access to information offers users full visibility to study all the nooks and crannies and expeditiously fix issues. This visibility enables users to draft thorough statements and disclosures that conform to ASC 606, GAAP, SOX and other compliance requirements.

Its key accessories include tax management, general ledger, accounts receivable and payable and cash management.
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$155/Entity, Monthly
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Tailored to your specific needs
Undisclosed
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Tailored to your specific needs
Small 
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Medium 
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Large 
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Small 
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Medium 
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Large 
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Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Easy Deployment: Flexible platform that comes with a wide range of third-party application integrations that streamline deployment.  
  • High Data Security: Ensures data security by applying 256-bit data encryption, ensuring the user’s data is safe during storage and transmission. 
  • Simplified Reporting: Without restricting any data capabilities, it offers unlimited custom reports to give businesses the freedom to track all financial activities.  
  • Extensive Functions: The ScanBot tool lifts financial data directly from receipt photos. Save, view and customize documents with the document manager and generate reports with the report builder. 
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  • 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. 
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  • Integration: Securely connect financial and non-financial data with one click. Saves time, reduces cost and eliminates the possibility of errors. 
  • Bank Authorization: Get real-time access to bank feeds for complete transparency into bank and credit accounts. No more pestering clients for authentication.  
  • Invoice Management: ScanBot streamlines and simplifies invoice management with automation. Scan and upload receipts, invoices, expenses and sales contracts to sync them directly with the client’s books.  
  • Automated Transaction Categorization: Based on the client’s historical data, it automatically categorizes data with machine learning.  
  • Customizable Dashboard: The customizable dashboard provides helpful financial and non-financial data insights on a single centralized platform. Create a report with data visually tailored to the client’s needs. 
  • Fixed Asset Management: Track and monitor fixed assets to lower maintenance costs and boost operational efficiency.  
  • Spend Management: Gain visibility into cash flows, reduce procurement costs, regulate compliance and boost operational efficiency.  
  • Expense Tracking: Manage and report business expenses, travel requests and reimbursements.  
  • Cash Management: Ensure optimum utilization of the organization’s liquid resources by collecting, handling and controlling where the cash is coming from.  
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  • 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. 
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Product Ranking

#134

among all
Accounting Software

#5

among all
Accounting Software

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User Sentiment Summary

Great User Sentiment 135 reviews
Good User Sentiment 2235 reviews
88%
of users recommend this product

Botkeeper has a 'great' User Satisfaction Rating of 88% when considering 135 user reviews from 2 recognized software review sites.

78%
of users recommend this product

NetSuite Accounting has a 'good' User Satisfaction Rating of 78% when considering 2235 user reviews from 4 recognized software review sites.

n/a
4.9 (19)
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3.9 (1127)
4.44 (68)
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4.4 (67)
4.1 (715)
n/a
3.5 (374)

Synopsis of User Ratings and Reviews

Ease of Use: Users praise Botkeeper's intuitive design and straightforward interface, making it easy to navigate and manage financial tasks, even for those without a strong accounting background.
Affordability: Botkeeper's pricing is often cited as a major advantage, offering a cost-effective solution compared to traditional bookkeeping services or hiring in-house staff.
Reliability: Users appreciate Botkeeper's consistent performance and accuracy in handling financial data, ensuring that their books are up-to-date and reliable.
Security: Botkeeper's robust security measures provide users with peace of mind, knowing that their sensitive financial information is protected from unauthorized access and cyber threats.
Scalability: Botkeeper's ability to adapt to the changing needs of businesses as they grow is a significant benefit, allowing users to easily scale their accounting processes without outgrowing the platform.
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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.
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Limited Functionality for Accounting: Some users have noted that Botkeeper's features are not as comprehensive as other accounting software, particularly for tasks like managing accounts payable and receivable.
Cost Concerns: Botkeeper's pricing structure, which is often subscription-based, has been cited as a drawback for some businesses, especially smaller ones with limited budgets.
Learning Curve: Despite being marketed as user-friendly, some users have reported a steep learning curve when initially navigating and utilizing Botkeeper's platform.
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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.
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Is Botkeeper the keeper of your business's financial sanity? Last year, users gave Botkeeper mixed reviews. Some users found Botkeeper's automated bookkeeping features, like invoice processing and expense tracking, to be a major time-saver, freeing them up to focus on other aspects of their business. They also appreciated the software's user-friendly interface and integrations with popular accounting software. However, other users reported experiencing technical glitches and inconsistencies in the software's performance. Some users felt that Botkeeper's customer support was lacking, with slow response times and difficulty getting issues resolved. A key differentiating factor for Botkeeper is its use of artificial intelligence (AI) to automate bookkeeping tasks. This AI-powered approach is designed to improve accuracy and efficiency, but some users found that the AI was not always reliable and required manual intervention. Overall, Botkeeper seems best suited for small business owners who are comfortable with technology and looking for a way to automate basic bookkeeping tasks. However, businesses with more complex accounting needs or those who require highly responsive customer support may want to consider other options.

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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.

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