Finaloop vs. Netsuite
Which accounting service is best for your direct-to-consumer (DTC), ecommerce, or multichannel business?
Trusted by thousands of consumer brands
NetSuite is built for enterprises. Finaloop is built for ecommerce brands that want to move fast.
Finaloop vs. Netsuite, a quick breakdown
NetSuite requires lengthy implementations, consultants, and a big budget to get started. Finaloop gives you expert ecommerce accountants, real-time financials, and automated COGS and inventory tracking, all ready to go. There are no integrations or setup delays. You get the power, without the complexity.
Finaloop is a one-stop-shop, replacing your bookkeeper, accounting software, and your integration tools to deliver real-time financials, automated COGS and inventory tracking, and a team of ecommerce experts to handle it all for you. NetSuite is a comprehensive ERP solution for larger businesses across multiple industries, providing advanced inventory management and financial tools with complex enterprise-level capabilities.
Core differences
Functionality
Finaloop is a full accounting solution including ecommerce-specific Chart of Accounts, full accounting software and app integrations; NetSuite offers enterprise-wide business, financial, and operational management software and comprehensive ERP solutions across industries which requires a team to implement and manage, including various integrations, such as Netsuite Amazon integrations.
Market
Finaloop's is focused on ecommerce, direct to consumer and multichannel while Netsuite has less focus on just ecom, and is industry wide.
Set up
Finaloop generates tax-ready reports with direct ecommerce platform integrations; NetSuite requires more complex implementation across business functions.
Growth-Aligned Pricing
Finaloop's flexible pricing scales naturally with your ecommerce business, creating a true partnership in your success— and affordable for brands who can't break the bank paying for Netsuite.
Target Business Size
Finaloop focuses on smaller to mid-sized ecommerce and multichannel businesses with its growth-aligned pricing tiers to fit brands at every stage; NetSuite is a robust ERP tool built for very large businesses (businesses with high 8-figure or 9-figure annual revenue).
Why leading brands choose Finaloop
 | | |
|---|---|---|
| Financial Reporting |  | |
| Inventory Management | | |
| Exclusively built for DTC | Industry focus — built for ecom |  Enterprise-wide ERP solution |
| Real-Time Financials and Inventory tracking | | Complex multi-location inventory management, warehouse management, and order management tools |
| Bookkeeping support | Bookkeeping team included | None – Requires external bookkeeping |
| Perfect for small-mid size ecom and Multichannel | Tailored for these types of brands | Only a fit for large enterprises |
| Ecommerce expertise | Accountants have DTC and multichannel expertise | Not relevant |
Pricing
Alternatively, if you are looking for a white-glove, fully-managed service, try the Premium service which includes the full Core bookkeeping services plus customized financial operations, data-entry, and controllership for $955 per month.
Finaloop also offers tax filing and Fractional CFO services as add-ons.
Finaloop is the only accounting solution tailored for ecommerce.
Accurate ecommerce books, done for you.
Slash your bookkeeping costs by 60% and get better and faster financials
What you get with Finaloop
available 24/7
team, 7 days a week
accounting in one dashboard
COGS tracking
deductions left behind
FAQs
It's time to hire an accountant when you’re managing multiple sales channels, selling in various tax jurisdictions, or struggling with accounting software. An experienced accountant can streamline your bookkeeping, ensure tax compliance, and help with financial reporting to make better business decisions, especially as your eCommerce business grows.
The best eCommerce accounting services offer integrated inventory management, multi-channel sales integration, real-time financial reporting, and a user-friendly interface. These features help eCommerce businesses manage their financial data across various platforms, track profitability, and make data-driven decisions to fuel growth.
Real-time financial reporting offers instant insights into your ecommerce business's performance. By continuously updating your financial data, it helps you make informed decisions, manage cash flow effectively, and adjust strategies based on up-to-date metrics like revenue, profit margins, and inventory turnover.
Finaloop connects directly to your sales channels, banks, and payment gateways, delivers 24/7 accurate books, and shows real-time margins by SKU—freeing you from manual spreadsheets so you can focus on scaling your brand.
Finaloop Pros:
- All-in-One Accounting Solution: Combines accounting software, expert ecommerce accountants, and real-time COGS and inventory tracking, providing an integrated solution for ecommerce brands.
- No Setup Delays: Offers immediate integration with ecommerce platforms and real-time updates, allowing businesses to start seeing accurate financials right away.
Finaloop Cons:
- Not for Non-ecommerce Brands: Finaloop is tailored for ecommerce, multichannel, and wholesale brands, making it unsuitable for businesses outside of these industries (e.g., large enterprises).
NetSuite Pros:
- Comprehensive ERP Solution: Provides a wide range of business management tools, from financials to operations, suited for larger enterprises with complex needs.
- Advanced Inventory Management: Offers complex multi-location inventory, warehouse management, and order tracking, making it ideal for businesses with large-scale inventory needs.
NetSuite Cons:
- Complex Setup: Requires a lengthy implementation process with a dedicated team to set up and manage the platform, which can be time-consuming and costly.
- Designed for Large Enterprises: Geared towards businesses with high 8-figure or 9-figure annual revenues, making it overkill for smaller ecommerce brands.
Finaloop Pros:
- Growth-Aligned Pricing: Flexible pricing that scales with your business size, providing all-in-one services, including accounting software and ecommerce-specific features like real-time inventory tracking and COGS management.
- Affordable for Small to Mid-Sized Brands: Designed for ecommerce businesses at every stage, with pricing tiers that fit the needs of growing brands without the large enterprise-level costs.
Finaloop Cons:
- Not for Non-ecommerce Brands: Finaloop is built for ecommerce, multichannel, and wholesale businesses, so it may not be the best choice for other types of companies (e.g., SaaS or large enterprises).
NetSuite Pros:
- Comprehensive Solution for Large Enterprises: A robust ERP system that integrates all aspects of business management, ideal for large enterprises with complex operations and financial needs.
- Advanced Features for Complex Businesses: Includes a wide range of modules for various business functions, from finance to inventory and order management.
NetSuite Cons:
- High Setup and Ongoing Costs: The implementation process can be expensive, with costs ranging from $10,000 to $100,000+ depending on the complexity. Ongoing costs can also be significant, especially for small businesses.
- Not Scalable for Small Businesses: NetSuite is built for large enterprises, making it unsuitable for smaller ecommerce brands looking for a more affordable, scalable solution.