Dext Prepare (with Receipt Bank) vs. Odoo Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
N/A
London based Receipt Bank offers Practice Platform, an application supporting SMBs and accounting firms with tracking receipts and expenses and logging them with minimal or no paperwork and data entry in an environment that integrates with popular accounting software (e.g. Quickbooks).N/A
Odoo Accounting
Score 7.5 out of 10
N/A
Odoo Accounting is designed to help companies manage their daily accounting with ease and simplicity. They even offer a global view of the state of their business at any time. All financial activities can be managed in one single app, with Odoo Accounting, as well as automation for primary day-to-day tasks. The Odoo app is synchronized with 24,000 banks, to make it easier to link a payment with a statement, based on the transaction in a bank account. Reconciliation can also be done…N/A
Pricing
Dext Prepare (with Receipt Bank)Odoo Accounting
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Dext Prepare (with Receipt Bank)Odoo Accounting
Free Trial
YesYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeOptional
Additional Details——
More Pricing Information
Features
Dext Prepare (with Receipt Bank)Odoo Accounting
Security
Comparison of Security features of Product A and Product B
Dext Prepare (with Receipt Bank)
2.8
4 Ratings
96% below category average
Odoo Accounting
8.6
2 Ratings
7% above category average
Single sign-on capability1.22 Ratings00 Ratings
Role-based user permissions4.44 Ratings8.62 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Dext Prepare (with Receipt Bank)
7.5
5 Ratings
1% below category average
Odoo Accounting
9.1
2 Ratings
18% above category average
Dashboards6.95 Ratings8.62 Ratings
Standard reports8.14 Ratings8.62 Ratings
Custom reports00 Ratings10.01 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Dext Prepare (with Receipt Bank)
3.6
5 Ratings
69% below category average
Odoo Accounting
8.6
2 Ratings
15% above category average
Accounts receivable7.34 Ratings9.12 Ratings
Bank reconciliation1.83 Ratings9.12 Ratings
Expense management6.95 Ratings9.12 Ratings
Multi-currency support1.83 Ratings9.12 Ratings
Multi-division support1.22 Ratings00 Ratings
Regulations compliance6.53 Ratings00 Ratings
Self-service portal1.73 Ratings10.01 Ratings
Global Financial Support1.22 Ratings8.01 Ratings
Intercompany Accounting6.53 Ratings8.62 Ratings
Localizations1.22 Ratings8.62 Ratings
Accounts payable00 Ratings9.12 Ratings
Cash management00 Ratings9.12 Ratings
Fixed asset management00 Ratings8.01 Ratings
Primary and Secondary Ledgers00 Ratings7.01 Ratings
Journals and Reconciliations00 Ratings8.62 Ratings
Enterprise Accounting00 Ratings10.01 Ratings
Configurable Accounting00 Ratings9.12 Ratings
Centralized Rules Framework00 Ratings7.01 Ratings
Standardized Processes00 Ratings7.01 Ratings
Customization
Comparison of Customization features of Product A and Product B
Dext Prepare (with Receipt Bank)
1.6
3 Ratings
126% below category average
Odoo Accounting
8.0
1 Ratings
13% above category average
Plug-ins1.63 Ratings8.01 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Odoo Accounting
7.0
1 Ratings
7% below category average
Pay calculation00 Ratings7.01 Ratings
Reimbursement management00 Ratings7.01 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Odoo Accounting
7.3
1 Ratings
4% above category average
Inventory tracking00 Ratings7.01 Ratings
Automatic reordering00 Ratings7.01 Ratings
Location management00 Ratings7.01 Ratings
Manufacturing module00 Ratings8.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Dext Prepare (with Receipt Bank)
-
Ratings
Odoo Accounting
7.7
2 Ratings
4% above category average
Pricing00 Ratings8.01 Ratings
Order entry00 Ratings8.01 Ratings
Credit card processing00 Ratings8.62 Ratings
Cost of goods sold00 Ratings8.62 Ratings
End-to-end order visibility00 Ratings7.01 Ratings
Order exception Resolution00 Ratings6.01 Ratings
Best Alternatives
Dext Prepare (with Receipt Bank)Odoo Accounting
Small Businesses
QuickBooks Self-Employed
QuickBooks Self-Employed
Score 9.1 out of 10
QuickBooks Self-Employed
QuickBooks Self-Employed
Score 9.1 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Dext Prepare (with Receipt Bank)Odoo Accounting
Likelihood to Recommend
7.7
(10 ratings)
9.5
(2 ratings)
Likelihood to Renew
8.2
(1 ratings)
-
(0 ratings)
Usability
6.3
(6 ratings)
9.1
(2 ratings)
Support Rating
3.7
(7 ratings)
8.1
(2 ratings)
User Testimonials
Dext Prepare (with Receipt Bank)Odoo Accounting
Likelihood to Recommend
Receipt Bank
It is great for accounting firms. Easy to add and administer client accounts. Easy to integrate with QuickBooks Online. Easy for clients to capture and submit receipts on the go. It is hard to use for manual data entry, and if your clients frequently have very long receipts the Dext Mobile app does not work well as it compresses the image to the point where it is completely illegible. It does not seem to be designed for business owners to use directly rather than using it through their accounting firm.
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Odoo
I found out that a tile store near me uses this app. Odoo Invoicing is well suited to most businesses. Perhaps somebody with very little accounting background would find it difficult to use. That said with customer support options and the online training videos they offer, this could be overcome in most cases.
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Pros
Receipt Bank
  • Receipt Bank does a stellar job of extracting information from photos of receipts and bills. I'd say 95% of the time the information pulled is correct, so very rarely do I have to correct an amount or date.
  • One feature I really enjoy is not only the syncing with Quickbooks Online, but the fact that it also pushes the image to Quickbooks Online as an attachment! This means that for every expense/bill processed through Receipt Bank, an image of it is available inside of the transaction inside of Quickbooks Online. This makes researching a breeze.
  • Receipt Bank makes it very simple for users to add documents to the platform. Each company receives a dedicated Receipt Bank email address, which they can email to and upload documents, or users can use the phone apps (which are really easy to use), or they can upload documents from their computer. Training our clients to use it really can't be any easier!
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Odoo
  • Simple and easy to use Integrated Accounting Software
  • Affordable subscriptions option for cost saving
  • Highly customizable options available
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Cons
Receipt Bank
  • Receipt Bank Practice Platform has many great features. As they develop the platform I would like to see a rigorous review of all features so as not to add too many and overwhelm my team.
  • Having the flexibility to pick and choose from a suite of features and implement the ones that best suit my practice. A tailor made Receipt Bank Practice Platform. this would allow my practice to grow into the features rather than be overwhelmed by too many.
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Odoo
  • Synchronize Merchant Processor Accounts
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Likelihood to Renew
Receipt Bank
Dext is the best way for us to manage our business expenses. Physical and PDF receipts/invoices will be around for a while, but the move to eInvoicing is very good and we look forward to Dext adding this feature
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Odoo
No answers on this topic
Usability
Receipt Bank
Dext Prepare's usability is great, it has lots of functions and you can scan any type of document, including hard copy handwritten documents. It is not very accurate but it is handwritten!! Apart from it, you can use multiple functions like one page at a time, multiple, in bulk. You can send emails with multiple attachments and one of the greatest function is the mobile application capabilities.
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Odoo
I believe Odoo Accounting software is an easy-to-use, intuitive and user-friendly accounting software that can be available in both free community versions and enterprise versions. In terms of the software subscription cost-effectiveness and overall functionalities, Odoo Accounting will be a good choice for the small and medium businesses that want to change their existing legacy systems into a more modernized and cost-saving fully integrated cloud-based solution because of its user-friendly interface and easy to map with their existing business processes effectively.
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Support Rating
Receipt Bank
Never used the support function. I guess that means it’s easy to use and works well because I never had an issue in 3 years. Not sure if the support team is helpful.
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Odoo
Odoo has two forms of support.
  1. Success packs where you get a Single Point of Contact (SPoC). This is great.
  2. Free support tickets. This is not stellar, and is only applicable within the standard framework. They will not support customizations for free. That said, I have found that they generally can help me out.
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Alternatives Considered
Receipt Bank
Receipt Bank is superior to Wave in terms of its accuracy of reporting and allocating expenses. Even though there is a fee for Receipt Bank and Wave is free, the monthly fee for Receipt Bank is well worth the money, given the benefits
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Odoo
Odoo Accounting is a simple, easy-to-use, and user-friendly accounting solution in terms of cost efficiency and the knowledge to use it. Odoo has a wide range of applications available and very customizable according to its modular structure. In addition, it is not very complex to use for the users and will be familiar with the system interfaces within a short period.
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Return on Investment
Receipt Bank
  • Helps to keep data consistent and accurate
  • Saves time in processing invoices and receipts
  • Saves time in reconciliation in our accounting package
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Odoo
  • Low cost
  • More Automation
  • Centralized Management
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ScreenShots

Dext Prepare (with Receipt Bank) Screenshots

Screenshot of Dext Prepare Inbox & Mobile app

Odoo Accounting Screenshots

Screenshot of