Odoo Accounting Pricing, Features, Reviews & Comparison of Alternatives

Odoo Accounting

Accounting software for businesses of any size

4.2/5 (240 reviews)

Odoo Accounting overview

Odoo Accounting helps you to manage easily your daily accounting and have a global view of the state of your business at any time.

All financial activities can be managed in one single app. An automation for the basic day to day tasks is possible. The app is synchronized with 24,000 banks which makes easier to link the payment with the statements based on the transaction on your bank account. The reconciliation can be also done by importing the statement files (OFX, QIF, CSV or Coda).

Accounting Automation: In order to facilitate the accounting management, Odoo automatizes a series of tasks such as the creation of draft invoices based on the sales orders. The manager just needs to validate the invoice if the sales order is correct, instead of creating himself a new invoice.

Payment: Odoo supports the main payment gateways: Authorize.net, Ingenico, Paypal, Adyen, etc. In addition, it is possible for the company to use an automatic email system to remind the customers to pay their delayed invoices. You can also have at any time a clear view of your overdue payment and the future one.

Multi-adaptations: The app supports multi-currencies. The exchange rate is updated daily. It works with multiple users based on the access rights. If you want to use Odoo for multiple companies, it is also possible with different journals based on the different companies or by departments for instance.

Performance reports: It is possible to analyze your performance through the different reports generated by the app. In addition, Odoo integrates all the best practices KPI's by default in order to improve your performance.

Moreover, Accounting is fully integrated with the Sales, Inventory, E-commerce, Purchase apps and the customer portal.
odoo.com

Pricing

Starting from
$20/month
Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Asia, Australia, Brazil, Canada and 9 other markets, China, Europe, Germany, India, Japan, Latin America, Mexico, Middle-East and Africa, United Kingdom

Supported languages

English, Chinese (Simplified), Dutch, French, German and 3 other languages, Hungarian, Portuguese, Spanish
Odoo Accounting screenshot: Oddo V12 Accounting Dashboard in deviceMeet Odoo 12 - New Features & PossibilitiesOdoo Accounting screenshot: Oddo accounting overviewOdoo Accounting screenshot: Odoo accounting Chart of AccountsOdoo Accounting screenshot: Odoo accounting general ledgerOdoo Accounting screenshot: Odoo accounting trial balanceOdoo Accounting screenshot: Oddo accounting invoice detailOdoo Accounting - The 100% online app that will change your life

Odoo Accounting reviews

Value for money
Features
Ease of use
Customer support
  4.2
  4.1
  4.0
  3.7
Selvakumar S

Covers most of the organisational needs but need customization as well

Used daily for 2+ years
Reviewed 2018-11-06
Review Source: Capterra

Have experience of consulting and over seeing the implementation ( 14 Implementations) of Odoo from version 8 to 11 for the past 4 years.

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Thabo Pienaar

Extensive ERP for a small to medium sized business.

Used daily for 6-12 months
Reviewed 2018-05-08
Review Source: Capterra

Having everything in one app is the major benefit to me. I don't have to use different software for Sales and Purchases; for Contacts; fr Projects etc. Another benefit for me is the ability to attach documents to each transaction for tax purposes at the end of the financial year.

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Raymond Collazo

We liked them so much we Partnered with them

Used daily for 2+ years
Reviewed 2017-12-23
Review Source: Capterra

All of my systems and customer data are centralized in one easy to use system

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Chris Coleman

Odoo gives you full featured modern open source software to manage a business or any organization.

Used daily for 2+ years
Reviewed 2017-02-22
Review Source: Capterra

One of the fastest growing, well rounded, full featured, modern, open source, business, or other organization, management software. * A free community version is available at no cost forever, with about 85% of the features of the paid commercial version. * Very powerful software for organizations of 1 or 2 people, up to hundreds, possibly thousands of employees. * Full accounting including customized international accounting which works in about 100 countries, impressive. * Full website builder lets you drag and drop blocks on the screen to setup your org's website. * Comes with a feature where you can offer live chat support to your customers or audience. * Connects to your bank account in the paid version for automatic verification of account activity. * Manages multiple bank accounts for the various parts of the organization, nice. * Full automation of the employee recruitment, interview, hiring, employment contract, and termination process. * Management of the vehicle fleet or any other set of assets belonging to the organization. * Manufacturing Resource Planning modules are available if you're running this type of organization. * Email app is great and a huge time saver, it becomes a high speed task manager and filter. * Point of sale app is also really cool, from a tablet or phone you can access the minimal set of functions in Odoo needed to check customers out at the point of sale, the great thing is the Point Of Sale can keep running taking payments and tracking which items are sold and their quantity, even when internet access disconnects, then when internet connection comes back, the app will save the completed sales into your Odoo system. * Between 50 and 100 apps. * You can use all the community apps for free. If you choose to subscribe to the commercial Odoo, it's a cheap price per month per app, which comes with support and hosting if you want it. Pricing is way lower than the competition. Even running the free community version although limited it's far better than running a business without software or with many disjointed separated software. * Odoo really delivers on the do-it-all approach, every app is able to talk to all the other apps, and share information, because they all run on top of the same set of your company's data. This totally eliminates the need to connect separate apps made by different companies, or worse, re-enter the same data into multiple different apps, losing tons of time and money.

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Jaimel Rivera Soto

industrial engineer specialized in the business area, project manager and Odoo consultant

Used daily for 1-2 years
Reviewed 2018-07-04
Review Source: Capterra

It is the most complete ERP with the best support and the largest community and continues to grow. Undoubtedly the best proposal for small and medium-sized companies because of its relatively low costs compared to all the characteristics it has. It is the most complete ERP with the best support and the largest community and continues to grow. Undoubtedly the best proposal for small and medium-sized companies because of its relatively low costs compared to all the characteristics it has. Its easy use and the integration of all its modules make it the perfect tool for any company that needs to manage its processes

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Odoo Accounting pricing

Starting from
$20/month
Pricing options
Free
Free trial
Open source
Subscription
View Pricing Plans

Odoo recommends the Online Edition for companies with less than 50 people using Odoo. This cloud version is hosted on Odoo servers. For this service an extra fee of $25/user/month is added.

For companies with more than 50 people using Odoo, the On-Premise version is recommended. Odoo On-Premise is deployed locally. The Enterprise version of the On-Premise product is more complete than the Community version.

Odoo Accounting features

API
Accounting Integration
Accounting Management
Activity Dashboard
Automatic Notifications
Billing & Invoicing
Customizable Reporting
Data Import/Export
Electronic Payments
Expense Tracking
Invoice Management
Invoice Processing
Multi-Currency
Receiving

Compliance Management (96 other apps)
Financial Analysis (89 other apps)
Real Time Data (113 other apps)
Reporting & Statistics (151 other apps)
Third Party Integration (120 other apps)
Workflow Management (92 other apps)

Additional information for Odoo Accounting

Key features of Odoo Accounting

  • Online Payment Processing
  • Accounts receivable / payable
  • Bill payment
  • Customer invoices
  • Collaboration & alerts
  • Automated payments & letters
  • Automated data entry
  • Bank statements syncronization
  • Advanced payment terms
  • Draft invoice propositions
  • On-the-fly payment reconciliation
  • Credit card payments
  • Customer portal
  • Automated follow-ups
  • Advanced customer statements
  • Aged receivable balance
  • Control supplier bills
  • Employee expenses
  • Forecast expenses
  • Print checks
  • Deposit ticket tracking
  • Automated wire transfers
  • Organize payment orders
  • Automated bank feeds
  • Import statements
  • Manage cash registers
  • Outstanding payments
  • Advanced access rights
  • Business intelligence reports
  • Customizable KPI's
  • Customizable dashboards
  • Predefined executive Summary
  • Annotations
  • General ledger
  • Advanced taxes management
  • Tax audit report
  • Country-specific statements
  • Renewal alerts / subscription management
  • Customer portal
  • Recurring revenues
  • Assets management
  • Budgets
  • Revenue recognition
  • Web-service API
  • Flexible import-export
  • Google spreadsheet integration
View All Features

Benefits

Time-saving.
Easy reconciliation.
Performance reports.
Accounts receivable.
Pay bills.
Bank and Cash.
Get paid easily.
Integrated with other Odoo apps
Mobile friendly.
Sleek design and beautiful interface.