Odoo Accounting Strength and Capabilities
July 23, 2021

Odoo Accounting Strength and Capabilities

Ye Yint Moe | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Odoo Accounting

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
  • Single platform for your business need
  • Fully Automated Streamline Business Processes
  • Integration with 3rd party applications
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.

Do you think Odoo Accounting delivers good value for the price?

Yes

Are you happy with Odoo Accounting's feature set?

Yes

Did Odoo Accounting live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Odoo Accounting go as expected?

Yes

Would you buy Odoo Accounting again?

Yes

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 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.
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.

Odoo Accounting Feature Ratings

Accounts payable
8
Accounts receivable
8
Cash management
8
Bank reconciliation
8
Expense management
8
Time tracking
Not Rated
Fixed asset management
8
Multi-currency support
8
Self-service portal
Not Rated
Global Financial Support
8
Primary and Secondary Ledgers
7
Intercompany Accounting
7
Localizations
7
Journals and Reconciliations
7
Enterprise Accounting
Not Rated
Configurable Accounting
8
Centralized Rules Framework
7
Standardized Processes
7
Inventory tracking
7
Automatic reordering
7
Location management
7
Manufacturing module
8
Pricing
8
Order entry
8
Credit card processing
7
Cost of goods sold
7
Order Orchestration
Not Rated
End-to-end order visibility
7
Order exception Resolution
6
Pay calculation
7
Reimbursement management
7
Dashboards
7
Standard reports
7
Custom reports
Not Rated
Plug-ins
8
Role-based user permissions
7