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Odoo Accounting has proven to be an effective solution for users who have experienced frequent system outages and delays in their previous …
Overview
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…
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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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Product Demos
Getting started | Odoo Accounting
YouTube
Odoo 14 Accounting Overview | A Complete Guide for Odoo Accounting | Odoo Accounting Demo
YouTube
Closing The Fiscal Year | Odoo Accounting
YouTube
Reports and Financial Statements | Odoo Accounting
YouTube
Analytic Accounting | Odoo Accounting
YouTube
Product Details
- About
- Competitors
- Tech 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 Video
Discover the online accounting app that rocks and its new features, it will definitely change your life! It has all the tools you need to save time and grow your business while being 100% web based!
100% web based:
- Multi Folder Dashboard
- Document Management
- Bank Inter...
Show More Odoo Accounting Competitors
- FreshBooks
- Xero
- QuickBooks
Odoo Accounting Technical Details
| Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows, Linux, Mac |
| Mobile Application | Apple iOS, Android, Windows Phone, Blackberry, Mobile Web |
| Supported Countries | France, 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 Languages | Albanian, 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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Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
- Recommendations
Odoo Accounting has proven to be an effective solution for users who have experienced frequent system outages and delays in their previous accounting systems. With its straightforward user experience and easy integration with other systems, this software has streamlined accounting processes and saved users a significant amount of time. Users have found it beneficial for daily accounting tasks, future forecasting, and generating reports such as profit and loss statements. The ability to access company data online and generate instant reports has been highly beneficial, providing users with a clearer view of their accounting status including sales, purchases, and stock valuation.
One of the key advantages of Odoo Accounting is its flexibility, which has helped users manage gaps in GAAP compliance and address SOX-2 requirements. With its integration with Odoo CRM modules, accountants are able to share information with sales and operations teams, facilitating smoother collaboration within the organization. Additionally, the software's internal accounting capabilities allow users to track every operation within their company.
Users have also praised the software's integration capabilities with other systems, such as sales and inventory, which has saved them a significant amount of time. It has been particularly helpful for accurately tracking project profits and conducting further analysis. Furthermore, the software's multicurrency and multicompany capabilities have met customers' requirements for diverse operations.
In addition to its functionality, users appreciate the web-based application, integrated features, and time-saving functionalities of Odoo Accounting. Its customizable access rights have been advantageous for users in terms of security and control over their financial data. Overall, Odoo Accounting has provided comprehensive solutions for various accounting needs while improving overall efficiency in financial management.
Easy to Use and Learn: Many users have found Odoo Accounting easy to use and learn, allowing them to handle their small business accounting without needing to hire someone else.
Wide Range of Features: Users appreciate the multitude of features in Odoo Accounting, stating that it meets their needs well. They highlight the build-up of configurations and features in Odoo Accounting, which allows for easy customization and scalability for both small and large companies.
Integration with Other Apps: Users value the integration of Odoo Accounting with other Odoo apps, such as Sales and Purchase. They also appreciate the ability to connect it to bank accounts for easy reconciliation.
Cons:
- Lack of automation in bank reconciliation and other reconciliations: Users have expressed dissatisfaction with the lack of automation in bank reconciliation and other reconciliations, stating that it requires manual effort and is time-consuming.
- Frequent system crashes: Many users have reported frequent system crashes, which hinder their ability to effectively use the platform. They often have to rely on technical support for remote assistance with invoicing and would like this issue to be resolved.
- Expensive for small companies: Some users find the software to be expensive, especially for very small companies. They suggest more affordable pricing options or discounts tailored to smaller businesses.
Users of Odoo Accounting have provided several recommendations based on their experiences. The three most common recommendations are:
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Start with a fresh implementation and work through compliance requirements: Many users recommend starting from scratch and going through the necessary steps to ensure compliance with accounting regulations. This approach is suggested to avoid any issues that may arise from existing implementations.
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Utilize configurable features before customization: Users suggest taking advantage of the configurable features available in Odoo Accounting before considering customization. This can help streamline processes and reduce the need for extensive modifications.
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Try a demo database to understand efficiency: Many users recommend trying out a demo database provided by Odoo. This allows users to explore the features and functionality of the software, providing a better understanding of its efficiency and suitability for their business needs.
Overall, these recommendations highlight the importance of careful setup and configuration, utilizing available resources such as demos, and considering compliance requirements when using Odoo Accounting.
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