Regardless of the industry you're in, if you're in business your goal is growth. But, with expansion comes change and the ability to be agile. As enterprises evolve, so do their financial needs. This often involves expanding in terms of resources as well as transitioning software tools - oftentimes from QuickBooks to ERP software like NetSuite. But, like any major change, some challenges come with the transition.

From data migration intricacies to adapting to a more comprehensive suite of functionalities, getting used to the new functionality can take time. Our CPAs have helped many businesses through this transition. As such we have put together this guide to help you navigate your transformative journey.

Top challenges in NetSuite accounting migration

The journey from QuickBooks to NetSuite comes with challenges that demand strategic navigation.

• Data compatibility issues: The different data structures and formats between QuickBooks and NetSuite can be quite a hurdle for businesses transitioning between the platforms. Getting the formats consistent can be a tedious task and put you at risk of data errors, if the process cannot be automated. At Fusion, our CPAs have built bespoke integrations to help organize data into compatible formats for migration.
• Customization and configuration: The transition between accounting platforms will require you to understand the enhanced functionality of NetSuite. Work with your CPA to understand the wide array of NetSuite modules and functionality applicable to your business. The software comes with built-in tailored solutions that users often do not know about, or how to access it.
• Training and user adoption: Transitioning to a more comprehensive system requires technological know-how. However, training teams to understand and accept the new tools at play can take time. In the same breath, not knowing how to navigate the platform poses risks to the accuracy of the data and migration. This is why working with a NetSuite-certified CPA when transitioning accounting software can help train your team on key functionality.

Support tools to navigate a successful transition to NetSuite

Transitioning from QuickBooks to NetSuite can be a big learning curve. Fortunately, there are several online training videos to guide you through the different functionality. Partnering with NetSuite-certified CPAs can also help you mitigate some of the challenges that come with learning.

In addition to helping you navigate the functionality and modules that best suit your business needs, your CPA can provide ongoing support to your team. They can also do monthly checks to ensure that all integrations function correctly and that no transactions are seeping through the cracks.

Making use of full-time expert support can empower your business with the knowledge and confidence to navigate the system effectively.

Is the switch right for you?

Moving from QuickBooks to NetSuite is a significant decision for any business, and requires careful thought. The following factors can help you decide whether the switch is right for your business:

• Size and growth: Ensure that you align the move with your growth plans, as NetSuite is best for mid-sized to large enterprises.
• Assess the level of customization you need: While NetSuite offers good customization options, this may put pressure on your resources and training needs.
• Integration needs: Look into your current software and how NetSuite can integrate with your existing tools.
• Budget: Understand the costs and be sure your budget aligns with these expenses.

At Fusion CPA our certified accountants have experience using both QuickBooks and NetSuite accounting software. We have spent years working with software setups. We can help you integrate your software and make sure you use it to its full potential. Our accountants are committed to ensuring that your team is equipped to use all functionality correctly.

This blog article is not intended to be the rendering of legal, accounting, tax advice, or other professional services. We base articles on current or proposed tax rules at the time of writing and do not update older posts for tax rule changes. We expressly disclaim all liability regarding actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.