Odoo Accounting Guide – Read our In-Depth Odoo Accounting Review

Odoo Accounting is a fully functional Accounting software platform.

This Odoo Accounting review has been updated for 2021 by industry experts with years of business software experience in development, implementation and use.

We have collated thousands of datapoints for all of our Accounting software reviews.

This Odoo Accounting review contains the latest information about Odoo Accounting.

If you're looking for new Accounting software then so many details may be perplexing for you. Finding new Accounting software requires expert assessing skills and comprehensive knowledge. You will need to fully understand what each piece of Accounting software can do to ensure it is a good fit for your business. For starters, you need to select the right Accounting software provider who will be clear with you constantly.

In this fast-paced universe of business software, you'll need advice to make proper decisions. Odoo Accounting is just one such piece of Accounting software that will enhance your business. It is important to understand about Odoo Accounting before you invest your cash in their software.

Our entire Odoo Accounting Review covers all you need to know about their Accounting software. A good piece of Accounting software can ease multiple burdens within a business and give you favorable ROI. If you want to make a good return on investment, you should use Accounting products that aligns with your business needs.

There is no sure-fire method to guarantee a good ROI; thus, you should carefully assess any new Accounting software before you choose them. It is a common misconception that all Accounting software will be the same, but that is not correct. Wrong judgment, in the beginning, can put your business backwards.

Odoo is a provider of accounting software that has forged its way successfully over the years and provides one of the best Accounting software on the market. In this review, we've tried to collate a number of the important facets of Odoo Accounting. This review will help you to understand whether software from Odoo is a good match for your business or not. We have attempted to breakdown all the qualities and fees for your advantage.

Odoo Accounting Ratings

Odoo Accounting Overall Rating
88%
Odoo Accounting Ease Of Setup Rating
50%
Odoo Accounting Ease Of Use Rating
93%
Odoo Accounting Support Rating
72%

Choosing The Best Accounting Software For Your Business

When choosing whether Odoo Accounting is the most appropriate accounting software for your business there are 5 things to consider and do to make the right choice:

  • Decide what you need to achieve from using Odoo Accounting
  • Does Odoo Accounting suit your needs as a full Accounting platform?
  • Fully understand the Odoo Accounting accounting platform and tools. Do the Odoo Accounting tools and resources stack up against your business needs?
  • Detail Out the budget available to implement a new Accounting solution and does the solutions from Odoo Accounting offer the features you need within the budget.
  • Sign up for a account with Odoo Accounting. Ask for a callback and demo to finally check that the solution is right for you.
  • Odoo Accounting Review – Company Overview

    Full Company Name Odoo
    Website URL https://www.odoo.com
    Odoo Phone Number None
    Year Founded 2005
    Odoo Address Brussels, Belgium
    Odoo Employees (As per LinkedIn) 858
    Revenue Unknown
    Ownership Private
    Odoo Twitter Handle @Odoo
    Odoo Twitter Followers 39,742
    Odoo LinkedIn https://www.linkedin.com/company/633558/
    Main Software Features Send custom invoices, Track income and expenses, Create and manage estimates,

    Odoo Accounting Pricing & Costs

    Odoo Accounting

    $20 per app/ per user/ per month

    What is Odoo Accounting?

    Odoo Accounting is a fully functional piece of accounting software provided by Odoo and is targeted for small to enterprise sized businesses.

    Odoo was founded in 2005 in Brussels, Belgium.

    The accounting software for businesses of any size. Elegant, user friendly and full featured

    Odoo Accounting Free Trial

    Odoo Accounting does not offer a free trial.

    While creating this Odoo Accounting review we found that it offers a lot of advanced accountingfeatures with its paid plans. You can learn more about some of the Odoo Accounting Accounting features further on in this Odoo Accounting review.

    Is Odoo Accounting The Best Accounting platform In The World?

    Accounting suppliers range from 1 man bands to giant companies; There is a whole lot out there. However, when it comes to choosing a Accounting solution, there are numerous factors you have to factor in. To be able to make sure that Odoo Accounting is the best Accounting solution for your business, check out our guide below.

    Odoo Accounting Features

    Odoo Accounting offers professional accounting festures like Send custom invoices, Track income and expenses, Create and manage estimates,

    Odoo Accounting Review - General Ledger Features & Rating

    General Ledger Features Rating
    Journal Entries
    89%
    Tags / Dimensions
    89%
    Audit Trail
    81%

    Odoo Accounting Review - Revenue Recognition Features & Rating

    Revenue Recognition Features Rating
    Revenue Types
    88%
    Revenue Allocation
    80%
    Reclassification
    88%
    Compliance
    88%
    Scheduling
    88%

    Odoo Accounting Review - Accounts Receivable Features & Rating

    Accounts Receivable Features Rating
    Invoice Customization
    88%
    AR Automation
    88%
    Collections Automation
    88%

    Odoo Accounting Review - Revenue Performance Features & Rating

    Revenue Performance Features Rating
    Customer Performance
    88%
    Contract Performance
    88%
    Revenue KPIs
    88%
    Pricing & Discounting
    80%
    Offering
    88%

    Odoo Accounting Review - Accounts Payable Features & Rating

    Accounts Payable Features Rating
    AP Automation
    88%
    Payment Processing
    88%
    Purchase Orders
    85%

    Odoo Accounting Review - Revenue Optimization Features & Rating

    Revenue Optimization Features Rating
    Forecasting
    88%
    Promotion Programs
    88%
    Pricing Optimization
    88%
    Re-evaluation
    88%

    Odoo Accounting Review - Integration Features & Rating

    Integration Features Rating
    Data Import and Export Tools
    89%
    Integration APIs
    85%
    Breadth of Partner Applications
    89%

    Odoo Accounting Review - Other Functionality Features & Rating

    Other Functionality Features Rating
    Inventory Tracking / Ordering
    88%
    Inventory Pricing and Costing
    88%
    Inventory Reporting
    88%
    Multi-Entity / Consolidation
    80%
    Recognition Rules
    88%
    Reconciliations
    80%
    Payroll
    89%
    Time and Expense
    80%

    Odoo Accounting Review - Reporting & Analytics Features & Rating

    Reporting & Analytics Features Rating
    Financial Statements
    88%
    Custom Reporting
    81%
    Budgeting / Forecasting
    88%
    Dashboards
    88%

    Odoo Accounting Review - Platform Features & Rating

    Platform Features Rating
    Customization
    88%
    Workflow Capability
    89%
    User, Role, and Access Management
    88%
    Internationalization
    88%
    Performance and Reliability
    89%
    Output Document Generation
    88%

    Odoo Accounting Review - Budgeting & Forecasting Features & Rating

    Budgeting & Forecasting Features Rating
    Budgeting / Forecasting
    89%

    Alternatives To Odoo Accounting

    Looking for alternatives to Odoo Accounting? Many businesses want accounting software to help with business goals. What is challenging is finding out whether or not the software you choose is right for you. We have compiled a list of accounting software that our reviewers voted best overall compared to Odoo Accounting. Based on thousands of datapoints, you can see how Odoo Accounting matches up to their competitors, and find the best fit for your needs.

    The Top 20 Odoo Accounting alternatives are listed below

    ScaleFactor

    Overall rating 92%
    Setup Rating 50%
    Ease Of Use Rating 92%
    Support Rating 88%
    About ScaleFactor

    ScaleFactor was founded in 2014 in Austin, TX.

    ScaleFactor is an online business solution designed to give small businesses control and peace of mind by automating accounting and finance tasks and delivering real time insights.

    Sparkrock 365

    Overall rating 84%
    Setup Rating 50%
    Ease Of Use Rating 78%
    Support Rating 40%
    About Sparkrock 365

    Sparkrock 365 was founded in 2003 in Toronto, Canada.

    Sparkrock Workforce Management tools help employees to be more productive on the go and help you manage them more effectively.

    Bean Cruncher

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Bean Cruncher

    Bean Cruncher was founded in 1982 in Kelowna,Canada.

    Bean Cruncher is a webbased multimodule accounting system.

    SkyBiz ERP

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About SkyBiz ERP

    SkyBiz ERP was founded in 2018 in Hotel Miramar.

    At SkyBiz Global, we recognize the investments that end-users, software vendors and enterprises have made. And we believe the useful life of these applications should be extended. Our focus continues to be lowering our customers total cost of ownership (TCO) while accelerating their return on investment (ROI). We will continue to evolve our product solutions to meet our customers needs as they leverage existing applications to new computing models such as the Internet and wireless access.

    EZCount

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About EZCount

    EZCount was founded in 2013 in Tel Aviv, Israel.

    #1 cloud accounting software in Israel for self-employed professionals and their teams.The system enables businesses of any size to issue digital documents, credit cards clearing (even without an account with credit card company), and to set up payment pages to be able selling products on the Internet automatically.

    Accswift Truly Nepali Accounting Software

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Accswift Truly Nepali Accounting Software

    Accswift Truly Nepali Accounting Software was founded in 2008 in Lalitpur, Nepal.

    Accswift-Nepali Accounting Software is a multiuser accounting software.

    Adagio Accounting

    Overall rating 94%
    Setup Rating 50%
    Ease Of Use Rating 89%
    Support Rating 100%
    About Adagio Accounting

    Adagio Accounting was founded in 1984 in Vancouver, Canada.

    Adagio Accounting is a complete multi-location stock management and control system that tracks purchases, receipts, shipments, returns, and adjustments.

    Comarch ERP XT

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Comarch ERP XT

    Comarch ERP XT was founded in 1993 in Krakw,Poland .

    Comarch ERP XT is company management application for small business dedicated to invoicing, warehouse management, accounting and running an own online store.

    Billcue

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Billcue

    Billcue was founded in 2008 in Burpengary Qld 4505 Australia .

    Billcue is an online invoicing and accounting solution.

    SlickAccount

    Overall rating 90%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About SlickAccount

    SlickAccount was founded in 2013 in Bhubaneswar, India.

    SlickAccount makes it simpler for small businesses to understand what brings them profit and where they might suffer, ahead of time while working as an quick accounting software. .SlickAccount aims to simplify financial management & planning and bring real-time profitability & decision-making tool to small businesses worldwide.

    MYOB Essentials

    Overall rating 40%
    Setup Rating 50%
    Ease Of Use Rating 50%
    Support Rating 40%
    About MYOB Essentials

    MYOB Essentials was founded in 1991 in Melbourne, Australia.

    Report Single Touch Payroll, manage expenses and create professional invoices. That's just the start.

    Nios 4

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Nios 4

    Nios 4 was founded in 1994 in Carpi, Italy.

    It is a management software useful to small and medium companies, it suits any company needs, it has a simple and intuitive interface which allows you to reduce managing time. It only requires a small investment.

    Plus and Minus

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Plus and Minus

    Plus and Minus was founded in 1982 in Houston, United States.

    All-encompassing ERP and Accounting software built around a single-file system. Offering time independence, the need for postings and closings are eliminated, which means that the system is up all the time and does not need to be formally closed.

    Microsoft Dynamics GP

    Overall rating 70%
    Setup Rating 61%
    Ease Of Use Rating 69%
    Support Rating 73%
    About Microsoft Dynamics GP

    Microsoft Dynamics GP was founded in 1975 in Redmond, WA.

    Microsoft Dynamics GP (formerly Great Plains) software delivers comprehensive out-of-the-box business management functionality, from operations management and financial management to human resource management and manufacturing. It connects the many moving parts of your organization, giving you better visibility into and control over what's going on in your business.

    Acumatica

    Overall rating 86%
    Setup Rating 70%
    Ease Of Use Rating 83%
    Support Rating 79%
    About Acumatica

    Acumatica was founded in 2007 in Bellevue, WA.

    Acumatica is a leading provider of Cloud ERP and Cloud Accounting software for mid-size businesses and non-for-profits

    Mr Accounting

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Mr Accounting

    Mr Accounting was founded in 2005 in Church Crookham, United Kingdom.

    Mr. Accounting and MySoft ERP for GST & SST stands out from the crowd because they are designed to fit both SME and big corporate.

    Parasut

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Parasut

    Parasut was founded in 2013 in ?stanbul, Beyo?lu.

    Parasut is a cloud finance management solution tailor made for small businesses.

    Bloomberg Income Tax Planner

    Overall rating 84%
    Setup Rating 58%
    Ease Of Use Rating 77%
    Support Rating 83%
    About Bloomberg Income Tax Planner

    Bloomberg Income Tax Planner was founded in 1929 in Arlington, VA.

    Bloomberg Income Tax Planner is a tax planning software solution that manages time, accuracy and more while streamlining the tax planning process and managing your clients' tax burden

    Cashflow Manager

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About Cashflow Manager

    Cashflow Manager was founded in 1994 in Adelaide, Australia.

    Cashflow Manager offers accounting software solutions for small businesses.

    LedgerSync

    Overall rating 80%
    Setup Rating 50%
    Ease Of Use Rating 30%
    Support Rating 40%
    About LedgerSync

    LedgerSync was founded in 2014 in Santa Monica, United States.

    LEDGERSYNC for Accountants and Bookkeepers connects to client's credit card and bank feeds allowing a full collection of transactions, check images, deposits, receipts, and statements all in one dashboard.