80% Cost Reduction by Switching from NetSuite to QuickBooks Online

A seafood enterprise in Texas decided to transition from NetSuite to QuickBooks Online. We facilitated their switch, ensuring a seamless migration of multi-currency transactions, payroll records, inventory details, and comprehensive transaction data spanning nearly four years, encompassing over 4,000 entries, from their former accounting system to QuickBooks Online.

Reason for the
Switch

The client required a user-friendly platform with specific features and integrations not available in NetSuite.

Outcome of the
Switch

Achieved streamlined accounting pro- cesses, better inventory management, and significant cost savings.

4

Years of
comprehensive
data

Data Span

2

Months

Turnaround Time

Seafood
business

 

Client’s Industry

NetSuite to
QuickBooks
Online

 

Migration

E1

Data Transformation

  • Formatted Multi-currency(USD, EURO,POUND, CAD) transactions.
  • Generated data schema and format as per client’s requirement.
  • Reformatted data to align with the data structure of QuickBooks Online.
E3

Data Validation

  • Matched balances between accounts in NetSuite and QuickBooks Online.
  • Verified outstanding balances with relevant customer and vendor accounts.
  • Set up inventory & assemblies with confirmed count of items and bundles.
Ext

Data Extraction

  • Exported all 8600 transactions – even ones with custom fields.
  • Generated key reports – trail balance, A/R & A/P aging, Sales and P/L statement.
  • Used NetSuite API to extract customer, vendor, inventory & employee info.
E2

Data Upload

  • Mapped columns in the Excel file to fields in QuickBooks.
  • Set up custom field in QuickBooks as per the client’s requirement.
  • Imported data into Dancing Numbers, our proprietary QuickBooks Migration tool.
E4
Extr2

Data Transformation

  • Formatted Multi-currency(USD, EURO,POUND, CAD) transactions.
  • Generated data schema and format as per client’s requirement.
  • Reformatted data to align with the data structure of QuickBooks Online.
Image4

Data Validation

  • Matched balances between accounts in NetSuite and QuickBooks Online.
  • Verified outstanding balances with relevant customer and vendor accounts.
  • Set up inventory & assemblies with confirmed count of items and bundles.
Extr1

Data Extraction

  • Exported all 8600 transactions – even ones with custom fields.
  • Generated key reports – trail balance, A/R & A/P aging, Sales and P/L statement.
  • Used NetSuite API to extract customer, vendor, inventory & employee info.
Extr3

Data Upload

  • Mapped columns in the Excel file to fields in QuickBooks.
  • Set up custom field in QuickBooks as per the client’s requirement.
  • Imported data into Dancing Numbers, our proprietary QuickBooks Migration tool.

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