FreshBooks vs. Odoo Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
FreshBooks
Score 8.9 out of 10
Small Businesses (1-50 employees)
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
FreshBooksOdoo 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
FreshBooksOdoo Accounting
Free Trial
YesYes
Free/Freemium Version
YesYes
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeOptional
Additional Details10% discount for annual pricing.The Standard and Custom plans include the Odoo apps for a single fee.
More Pricing Information
Community Pulse
FreshBooksOdoo Accounting
Features
FreshBooksOdoo 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 integration9.330 Ratings00 Ratings
Plug-ins9.026 Ratings8.01 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 capability10.01 Ratings00 Ratings
Role-based user permissions10.041 Ratings8.62 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
Dashboards9.057 Ratings8.62 Ratings
Standard reports8.855 Ratings8.62 Ratings
Custom reports4.82 Ratings10.01 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 payable8.041 Ratings9.12 Ratings
Accounts receivable9.455 Ratings9.12 Ratings
Cash management7.03 Ratings9.12 Ratings
Bank reconciliation7.02 Ratings9.12 Ratings
Expense management6.651 Ratings9.12 Ratings
Time tracking7.642 Ratings00 Ratings
Multi-currency support7.01 Ratings9.12 Ratings
Regulations compliance6.021 Ratings00 Ratings
Self-service portal9.13 Ratings10.01 Ratings
Fixed asset management00 Ratings8.01 Ratings
Global Financial Support00 Ratings8.01 Ratings
Primary and Secondary Ledgers00 Ratings7.01 Ratings
Intercompany Accounting00 Ratings8.62 Ratings
Localizations00 Ratings8.62 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
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
Pricing8.839 Ratings8.01 Ratings
Order entry9.337 Ratings8.01 Ratings
Credit card processing9.741 Ratings8.62 Ratings
Cost of goods sold10.01 Ratings8.62 Ratings
End-to-end order visibility00 Ratings7.01 Ratings
Order exception Resolution00 Ratings6.01 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 calculation00 Ratings7.01 Ratings
Reimbursement management00 Ratings7.01 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
FreshBooks
-
Ratings
Odoo Accounting
7.3
1 Ratings
1% below category average
Inventory tracking00 Ratings7.01 Ratings
Automatic reordering00 Ratings7.01 Ratings
Location management00 Ratings7.01 Ratings
Manufacturing module00 Ratings8.01 Ratings
Best Alternatives
FreshBooksOdoo Accounting
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 6.8 out of 10
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 6.8 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.1 out of 10
Zoho Books
Zoho Books
Score 9.1 out of 10
Enterprises
Oracle Fusion Cloud Enterprise Performance Management
Oracle Fusion Cloud Enterprise Performance Management
Score 7.6 out of 10
Oracle Fusion Cloud Enterprise Performance Management
Oracle Fusion Cloud Enterprise Performance Management
Score 7.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
FreshBooksOdoo Accounting
Likelihood to Recommend
8.4
(75 ratings)
9.5
(2 ratings)
Likelihood to Renew
7.6
(18 ratings)
-
(0 ratings)
Usability
9.5
(20 ratings)
9.1
(2 ratings)
Availability
10.0
(2 ratings)
-
(0 ratings)
Performance
8.0
(1 ratings)
-
(0 ratings)
Support Rating
6.0
(11 ratings)
8.1
(2 ratings)
Implementation Rating
10.0
(1 ratings)
-
(0 ratings)
User Testimonials
FreshBooksOdoo Accounting
Likelihood to Recommend
FreshBooks
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.
Read full review
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.
Read full review
Pros
FreshBooks
  • 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.
Read full review
Odoo
  • Simple and easy to use Integrated Accounting Software
  • Affordable subscriptions option for cost saving
  • Highly customizable options available
Read full review
Cons
FreshBooks
  • 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.
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Odoo
  • Synchronize Merchant Processor Accounts
Read full review
Likelihood to Renew
FreshBooks
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.
Read full review
Odoo
No answers on this topic
Usability
FreshBooks
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.
Read full review
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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Reliability and Availability
FreshBooks
FreshBooks is easy to use and always works!
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Odoo
No answers on this topic
Support Rating
FreshBooks
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.
Read full review
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.
Read full review
Implementation Rating
FreshBooks
I haven't changed my mind since my first evaluation. Freshbooks is still meeting my needs, easy to use, etc.
Read full review
Odoo
No answers on this topic
Alternatives Considered
FreshBooks
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.
Read full review
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.
Read full review
Return on Investment
FreshBooks
  • 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.
Read full review
Odoo
  • Low cost
  • More Automation
  • Centralized Management
Read full review
ScreenShots

FreshBooks Screenshots

Screenshot of the dashboardScreenshot of an invoice overviewScreenshot of an example of a customizable invoiceScreenshot of an invoice appearing across devicesScreenshot of expensesScreenshot of time tracking

Odoo Accounting Screenshots

Screenshot of