Odoo Accounting

Odoo Accounting

Odoo Accounting

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What is Odoo Accounting?

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…

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  • Free/Freemium Version
  • Premium Consulting / Integration Services

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Product Details

What is Odoo Accounting?

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 by importing the statement files (OFX, QIF, CSV, or Coda). The new List view is built to give users greater visibility on document statuses and next activities.

Odoo Accounting Features

General Ledger and Configurable Accounting Features

  • Supported: Accounts payable
  • Supported: Accounts receivable
  • Supported: Cash management
  • Supported: Bank reconciliation
  • Supported: Expense management
  • Supported: Time tracking
  • Supported: Fixed asset management
  • Supported: Multi-currency support
  • Supported: Self-service portal
  • Supported: Global Financial Support
  • Supported: Primary and Secondary Ledgers
  • Supported: Intercompany Accounting
  • Supported: Localizations
  • Supported: Journals and Reconciliations
  • Supported: Enterprise Accounting
  • Supported: Configurable Accounting
  • Supported: Centralized Rules Framework
  • Supported: Standardized Processes

Inventory Management Features

  • Supported: Inventory tracking
  • Supported: Automatic reordering
  • Supported: Location management
  • Supported: Manufacturing module

Order Management Features

  • Supported: Pricing
  • Supported: Order entry
  • Supported: Credit card processing
  • Supported: Cost of goods sold
  • Supported: Order Orchestration
  • Supported: End-to-end order visibility
  • Supported: Order exception Resolution

Payroll Management Features

  • Supported: Pay calculation
  • Supported: Reimbursement management

Reporting & Analytics Features

  • Supported: Dashboards
  • Supported: Standard reports
  • Supported: Custom reports

Customization Features

  • Supported: Plug-ins

Security Features

  • Supported: Role-based user permissions

Odoo Accounting Screenshots

Odoo Accounting Competitors

Odoo Accounting Technical Details

Deployment TypesOn-premise, SaaS
Operating SystemsWindows, Linux, Mac
Mobile ApplicationApple iOS, Android, Windows Phone, Blackberry, Mobile Web
Supported CountriesFrance, Germany, United Kingdom, Italy, Spain, Switzerland, Netherlands, Greece, Poland, Ukraine, Austria, Belgium, Sweden, Croatia, Norway, Iceland, Denmark, Czech Republic, Republic of Ireland, Hungary, Finland, Bulgaria, Cyprus, Luxembourg, Serbia, Albania, Slovenia, Belarus, Lithuania, Slovakia, Macedonia, Estonia, Montenegro, Monaco, Latvia, Vatican City, Moldova, Gibraltar, Bosnia, Andorra, Liechtenstein, Faro Islands, San Marino, Isle of Man, Jersey, Guernsey, Aland Islands, India, China, Bhutan, Armenia, Iraq, Azerbaijan, Bahrain, Bangladesh, Bhutan, Brunei, Cambodia, China, Cyprus, Georgia, India, Indonesia, Iran, Israel, Kazakhstan, Kuwait, Kyrgyzstan, Laos, Lebanon, Malaysia, Maldives, Mongolia, Myanmar, Nepal, North Korea, Oman, Pakistan, Palestine, Philippines, Qatar, Russia, Saudi Arabia, Singapore, South Korea, Sri Lanka, Syria, Taiwan, Tajikistan, Thailand, Timor- Leste, Turkey, Turkmenistan, United Arab Emirates, Uzbekistan, Vietnam, Yemen, Antigua and Barbuda, Bahamas, Barbados, Belize, Canada, Costa Rica, cuba, Dominica, Dominican Republic, El Salvador, Grenada, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Saint Kitts and Nevis, Saint Lucia, saint Vincent and the Grenadines, Trinidad and Tobago, United States of America, Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, Venezuela
Supported LanguagesAlbanian, Amharic, Arabic, Basque, Bosnian, Bulgarian, Burmese, Catalan, Chinese, Croatian, Czech, danish, Dutch, English, Estonian, Finnish, French, Galician, Georgian, German, Greek, Gujarati, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Kabyle, Khmer, Korean, Lao, Latvian, Lithuanian, Macedonian, Mongolian, Norwegian, Persian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Slovenian, Spanish, Swedish, Telugu, Thai, Turkish, Ukrainian, Vietnamese

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Reviews and Ratings

(6)

Ratings

Reviews

(1-2 of 6)
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Jason Dueck | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
We use Odoo Accounting to send invoices to customers and manage all of our accounting needs. I like that from v14 onward, you can preview journal entries before they are posted. This is very helpful. The automated emails for late payment are beneficial and save a lot of time. In addition, syncing data with our bank accounts is also very helpful. I really enjoy the integrations with other apps, such as the Odoo Sales app. Transactions such as credit card payments are entered into the general ledger and taxes are automatically processed according to our fiscal position rules.
  • Email notification
  • Journal Entries
  • Credit Card Payments
  • Syncing Bank Statements
  • Synchronize Merchant Processor Accounts
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.
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.
Ye Yint Moe | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Odoo Accounting software is an easy, fully integrated, user-friendly, and affordable cloud-based accounting solution for small and medium businesses. My company provides Odoo implementation and consulting services to other companies. The services that my company mainly offers are Odoo ERP implementation from the client's existing legacy systems, consulting to enable the mapping of the client's existing business processes with Odoo modules and functionalities, Odoo developments, training the client's staff, documenting and analyzing client's business requirements etc.
  • Simple and easy to use Integrated Accounting Software
  • Affordable subscriptions option for cost saving
  • Highly customizable options available
  • Multiple localization options needed
  • Adjustment for Financial Reports Layout option
  • GDPR Compliant for specific integrations
Odoo Accounting is well suited for small and medium businesses that want to use an affordable cloud-based accounting solution with a simple, easy-to-use, intuitive, and user-friendly interface. For someone who does not have the strongest accounting knowledge with GAAP, Odoo Accounting solution will be familiar with the system easily after a couple of hours of technical training by Odoo consultants. Odoo Accounting will be not suitable for the complex accounting and invoicing processes within its standard functionalities without doing custom codes through its Odoo studio to fit with the requirements.
I think we can get the various support from Odoo official support for Enterprise version and Odoo regional communities or partners for the variety of technical support such as Odoo version upgrade for the existing Odoo version that already deployed. However, there is one thing to consider before upgrading to new Odoo is the modification or customization that needs to be compatible and properly working with the new version upgrade.