FreshBooks is an accounting service for small businesses. The solution enables users to send and manage invoices, track billable time and collect online payments. The vendor’s value proposition this that their solution provides a straightforward service that simplifies the billing process.
$21
per month
Odoo Accounting
Score 8.9 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…
$24.90
per month billed yearly per user
Pricing
FreshBooks
Odoo Accounting
Editions & Modules
Lite
$21
per month
Plus
$38
per month
Premium
$65
per month
Select
Custom Pricing
One App Free
$0
Standard
$24.90
per month billed yearly per user
Standard
$31.10
per month per user
Custom
$37.40
per month billed yearly per user
Custom
$46.80
per month per user
Offerings
Pricing Offerings
FreshBooks
Odoo Accounting
Free Trial
Yes
Yes
Free/Freemium Version
Yes
Yes
Premium Consulting/Integration Services
No
Yes
Entry-level Setup Fee
No setup fee
Optional
Additional Details
10% discount for annual pricing.
The Standard and Custom plans include the Odoo apps for a single fee.
More Pricing Information
Community Pulse
FreshBooks
Odoo Accounting
Features
FreshBooks
Odoo Accounting
Customization
Comparison of Customization features of Product A and Product B
FreshBooks
9.1
35 Ratings
18% above category average
Odoo Accounting
8.0
1 Ratings
5% above category average
API for custom integration
9.330 Ratings
00 Ratings
Plug-ins
9.026 Ratings
8.01 Ratings
Security
Comparison of Security features of Product A and Product B
FreshBooks
10.0
41 Ratings
20% above category average
Odoo Accounting
8.6
2 Ratings
5% above category average
Single sign-on capability
10.01 Ratings
00 Ratings
Role-based user permissions
10.041 Ratings
8.62 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
FreshBooks
7.5
57 Ratings
4% below category average
Odoo Accounting
9.1
2 Ratings
16% above category average
Dashboards
9.057 Ratings
8.62 Ratings
Standard reports
8.855 Ratings
8.62 Ratings
Custom reports
4.82 Ratings
10.01 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
FreshBooks
7.5
56 Ratings
1% below category average
Odoo Accounting
8.6
2 Ratings
12% above category average
Accounts payable
8.041 Ratings
9.12 Ratings
Accounts receivable
9.455 Ratings
9.12 Ratings
Cash management
7.03 Ratings
9.12 Ratings
Bank reconciliation
7.02 Ratings
9.12 Ratings
Expense management
6.651 Ratings
9.12 Ratings
Time tracking
7.642 Ratings
00 Ratings
Multi-currency support
7.01 Ratings
9.12 Ratings
Regulations compliance
6.021 Ratings
00 Ratings
Self-service portal
9.13 Ratings
10.01 Ratings
Fixed asset management
00 Ratings
8.01 Ratings
Global Financial Support
00 Ratings
8.01 Ratings
Primary and Secondary Ledgers
00 Ratings
7.01 Ratings
Intercompany Accounting
00 Ratings
8.62 Ratings
Localizations
00 Ratings
8.62 Ratings
Journals and Reconciliations
00 Ratings
8.62 Ratings
Enterprise Accounting
00 Ratings
10.01 Ratings
Configurable Accounting
00 Ratings
9.12 Ratings
Centralized Rules Framework
00 Ratings
7.01 Ratings
Standardized Processes
00 Ratings
7.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
FreshBooks
9.4
49 Ratings
23% above category average
Odoo Accounting
7.7
2 Ratings
3% above category average
Pricing
8.839 Ratings
8.01 Ratings
Order entry
9.337 Ratings
8.01 Ratings
Credit card processing
9.741 Ratings
8.62 Ratings
Cost of goods sold
10.01 Ratings
8.62 Ratings
End-to-end order visibility
00 Ratings
7.01 Ratings
Order exception Resolution
00 Ratings
6.01 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
FreshBooks
-
Ratings
Odoo Accounting
7.0
1 Ratings
8% below category average
Pay calculation
00 Ratings
7.01 Ratings
Reimbursement management
00 Ratings
7.01 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
I recommend FreshBooks to anyone running a service-based business that needs invoicing, time reporting, and accounting tools. FB is adept in all three of these scenarios and isn't overly complicated like similar accounting packages I have used. I love how I can write estimates and proposals, manage the business development process from the software, and quickly convert prospects to invoiced clients.
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.
Invoicing - FreshBooks basically ensures our accountants spend less time on invoices via its automated invoicing system, which sends invoices to our customers and clients alike and also send them regular reminders for them to pay up their bills.
Collecting business insights - FreshBooks enable our company analysts measure our business performances via data reports provided by FreshBooks' intuitive dashboard. Allowing us do a comparative analysis of key business metrics of a current month against past months and determine if the business is growing.
Expense tracker - We have recently embraced FreshBooks as an expense tracker for teams at our company branch. Thusfar, FreshBooks has performed very well, making our expense management a perfect operation; ensuring teams do not exceed their planned budget and also eliminating the need for tracking expenses on excel spreadsheets.
I can brand invoices with my business logo, but I might like to change colours of the invoices themselves to match the rest of my business documents. That isn't a major point at all, but it's something that I'd like to see.
Freshbooks doesn't remember the categories that similar expenses were previously assigned to. It would be nice if Freshbooks would suggest a category for an already saved vendor, to ensure the consistency of expense reporting.
The home page of a Freshbooks account has a great graph display of expenses and income, but it only shows the last 6 months. This is still very useful, but I'd like to be able to see this kind of graph for different periods of time.
At the current needs of our business, FreshBooks suits us perfectly - it allows online access by our accountant to the system for GST purposes, easy input of expenses and tracking of Profit and Loss statements. FreshBooks customer service is great as well - very understanding and accommodating.
FreshBooks is very easy to use even for novices. If you're looking for an online accounting software that is full of features, has great aesthetics and is user-friendly, then this is definitely the software for you. I've been using it for several years now and despite being tempted to switch by other vendors, I like the feel of FreshBooks and it's mobile features.
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.
I think the support level for FreshBooks is on par with a 6 because the folks behind this application do a fairly good job at providing support for their customer base. I still don't think they are at an elite level when it comes to supporting but are getting there although too slow in my opinion.
Success packs where you get a Single Point of Contact (SPoC). This is great.
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.
FreshBooks does very well in comparison, especially since it is free software for Barclays bank users. Sage software is much worse than FreshBooks. However, Xero and QuickBooks, the market leaders, are still ahead with usability, additional features, reporting, and connection with third-party software providers. We chose FreshBooks as it does everything we require from this type of software.
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.
In reality, we do not implement all of its use at the moment in order to determine an adequate ROI.
In our approach to the use of the system, it seems to us a considerable time saving by achieving the integration of the Mexican subsidiary with its parent located in the US.
Financial reports meet the necessary USGAAP requirements.