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Odoo Accounting Reviews & Product Details

Odoo Accounting Overview

What is Odoo Accounting?

Odoo Accounting helps companies manage their daily accounting with the utmost 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, thanks to Odoo Accounting. Automation for primary day-to-day tasks is more than possible - it’s easier than ever! This app is synchronized with 24,000 banks, making it easier to link a payment with a statement, based on the transaction on your bank account. The reconciliation can also be done by importing the statement files (OFX, QIF, CSV, or Coda). And, with the new List view, users have greater visibility on document statuses and next activities. Accounting Automation To facilitate accounting management, Odoo automates a series of tasks, such as the creation of draft invoices based on the sales orders. The manager can validate the invoice if the sales order is correct, instead of creating a brand new one. Payment Odoo supports all of the main payment gateways: Authorize.net, Ingenico, Paypal, Adyen, etc. Also, it is possible for the company to use an automatic email system to remind customers to pay their delayed invoices. You can also have a clear view of your overdue payments (and the future ones) at any time. Apply “Automatic Transfers” to specific partners; making intercompany transactions easier than ever before. Our latest version has improved batch payment error reporting, as well. Also, Batch Payments are now compatible with SEPA credit transfers. Multi-Adaptations This app supports multi-currencies, and the exchange rate is updated daily. This feature works with multiple users, based on access rights. If you want to use Odoo for multiple companies, it is also possible with different journals, based on the different companies, or by departments. Performance Reports It is possible to analyze your performance through the various reports generated by this powerful app. Odoo integrates all the best practices KPIs (by default) to improve performance. The new design for financial reports in Odoo 14 shows the meaning of each section. There’s also new “Unrealized Gains and Losses” reports that allow users to generate reevaluation journal entries. On top of all that, Accounting is fully integrated with the Sales, Inventory, eCommerce, and Purchase apps, and the customer portal! It is, by far, the most seamless, user-friendly Accounting around.

Odoo Accounting Details
Languages Supported
Arabic, Bulgarian, Catalan, Czech, Danish, German, Greek, English, Estonian, Basque, Persian, Finnish, French, Gujarati, Hebrew, Hindi, Croatian, Hungarian, Indonesian, Italian, Japanese, Georgian, Central Khmer, Korean, Latvian, Lithuanian, Macedonian, Mongolian, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Albanian, Serbian, Swedish, Telugu, Thai, Turkish, Ukrainian, Vietnamese, Chinese (Simplified)
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Product Description

The accounting software for businesses of any size. Elegant, user friendly and full featured

How do you position yourself against your competitors?

Odoo Accounting helps you to manage your daily accounting easily and have a global view of the state of your business at any time. We offer a wide range of financial reports and tools like double-entry bookkeeping, accounts receivable & payable, multi-currency management, tax calculation, automatic bank feed import, accrual & cash basis methods and more.


Seller Details
Seller
Odoo
Year Founded
2005
HQ Location
Brussels, Belgium
Twitter
@Odoo
53,396 Twitter followers
LinkedIn® Page
www.linkedin.com
5,288 employees on LinkedIn®
Description

Odoo is an open-source enterprise resource planning (ERP) platform that offers a comprehensive suite of business applications designed to streamline operations across various functions. With modules for accounting, inventory management, sales, CRM, HR, project management, and more, Odoo enables businesses of all sizes to integrate their processes into a single system. Known for its flexibility, scalability, and user-friendly interface, Odoo can be customized to meet specific business needs, helping companies increase productivity and reduce operational costs.


Fabien P.
FP
Overview Provided by:
CEO & Founder at Odoo

Recent Odoo Accounting Reviews

SV
Sourabh V.Small-Business (50 or fewer emp.)
3.0 out of 5
"Great accounting software"
Additional ease of use and implementation is easy
Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Accounting Software for Non Accountants"
Dashboard for users which tell me all in one page which is unmatched productivity
Ahmed s.
AS
Ahmed s.Small-Business (50 or fewer emp.)
5.0 out of 5
"Odoo"
Accounting entries made easy. And it provides instant information It provides easy-to-understand financial reports for decision-making.
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Odoo Accounting Media

Odoo Accounting Demo - Odoo Accounting Dashboard
Odoo Accounting Dashboard
Odoo Accounting Demo - Odoo Accounting Invoices Analysis
Odoo Accounting Invoices Analysis
Odoo Accounting Demo - Odoo Accounting Profit and Loss
Odoo Accounting Profit and Loss
Odoo Accounting Demo - Odoo Accounting Overview
Odoo Accounting Overview
Odoo Accounting Demo - Odoo Accounting Payment Acquirers
Odoo Accounting Payment Acquirers
Odoo Accounting Demo - Odoo Accounting Invoice Overview
Odoo Accounting Invoice Overview
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62 Odoo Accounting Reviews

4.3 out of 5
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62 Odoo Accounting Reviews
4.3 out of 5
62 Odoo Accounting Reviews
4.3 out of 5

Odoo Accounting Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Odoo AccountingQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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SV
Manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Odoo Accounting?

Additional ease of use and implementation is easy Review collected by and hosted on G2.com.

What do you dislike about Odoo Accounting?

The customer support and assitance could be better Review collected by and hosted on G2.com.

What problems is Odoo Accounting solving and how is that benefiting you?

Assists in effective bookeeping and maintaining the accounts Review collected by and hosted on G2.com.

JAWAD A.
JA
Python/Odoo Developer
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic Review from User Profile
What do you like best about Odoo Accounting?

Odoo Accounting provide all the Accounting aspects in a single module. Like Chart of Accounts, Journal, Taxes, Assest management, Invoices, Bills and its entries. Mean all the functionality are available in a singe module.

I recoment the Ease of Use of odoo accounting and its implementation, Customer Support and Frequency of Use. We can also integrate it with QuickBook or some other accounting. Review collected by and hosted on G2.com.

What do you dislike about Odoo Accounting?

Odoo Accounting Learning is a little difficult for Non accounting persons. Review collected by and hosted on G2.com.

What problems is Odoo Accounting solving and how is that benefiting you?

Odoo Accounting give us a complete report of each and everything in accounting like Ledgers, Journals, Audit Report and many more. Also We can easily manage the Diferred Expenses and Diferred Revenues easily in odoo. Review collected by and hosted on G2.com.

Open Discussions in Odoo Accounting
Ahmed s.
AS
accountant
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Odoo Accounting?

Accounting entries made easy. And it provides instant information

It provides easy-to-understand financial reports for decision-making. Review collected by and hosted on G2.com.

What do you dislike about Odoo Accounting?

It should provide an automatic accounts Cheart according to the type of activity of the company.

Like a quickbooks Review collected by and hosted on G2.com.

What problems is Odoo Accounting solving and how is that benefiting you?

Provides an immediate financial report for decision-making Review collected by and hosted on G2.com.

JS
Project Manager
Accounting
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Odoo Accounting?

The ability to configure and make changes as necessary Review collected by and hosted on G2.com.

What do you dislike about Odoo Accounting?

Documentation could have more information in some of the terms used to create reports Review collected by and hosted on G2.com.

What problems is Odoo Accounting solving and how is that benefiting you?

It is helping me run an accounting software business where I am able to help clients have their accounting up to date Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care
AH
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Odoo Accounting?

Dashboard for users which tell me all in one page which is unmatched productivity Review collected by and hosted on G2.com.

What do you dislike about Odoo Accounting?

looking for for more AI functions to streamline the business activities Review collected by and hosted on G2.com.

What problems is Odoo Accounting solving and how is that benefiting you?

Saas based that we do not need a SQL and windows server admnistrator Review collected by and hosted on G2.com.

MA
senior
Computer Software
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Odoo Accounting?

I like best about Odoo Accounting is its user-friendly interface and its ability to streamline the financial management process. It makes it easy to track and configuring the chart of accounts, receivables, fixed assets, expenses, generate invoices, and reconcile accounts, which helps to save time and improve accuracy in financial reporting. The integration with other Odoo modules and E-invoice also multi currency and calculation of taxes. make odoo accounting the best choice Review collected by and hosted on G2.com.

What do you dislike about Odoo Accounting?

It is clear that the application was developed over a large period, which made the recent versions have a lot of features, it is really the best Review collected by and hosted on G2.com.

What problems is Odoo Accounting solving and how is that benefiting you?

it is solving a variety of problems related to financial management, such as expense tracking, invoicing and cash management. This benefits me by providing a simple and efficient way to manage my company’s finances, saving time and reducing margins of error. It also gives me better insight and analysis on financial matters, helping me make informed business decisions. Review collected by and hosted on G2.com.

waqas a.
WA
Odoo developer
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Odoo Accounting?

all features are easy to use its the completed accounting suite Review collected by and hosted on G2.com.

What do you dislike about Odoo Accounting?

not available in odoo community and having some difficult flow Review collected by and hosted on G2.com.

What problems is Odoo Accounting solving and how is that benefiting you?

its solving all the calculations and finance related problems within a firm Review collected by and hosted on G2.com.

KP
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Odoo Accounting?

It has ever been easy to create, customize and send invoices to customers automatically with Odoo Accounting. Review collected by and hosted on G2.com.

What do you dislike about Odoo Accounting?

Mobile application lack some features available on the cloud-based solution. Review collected by and hosted on G2.com.

What problems is Odoo Accounting solving and how is that benefiting you?

It is way too easy to carry out repetitive accounting tasks such as AP, AR and GL via real-time automation. Review collected by and hosted on G2.com.

María Gabriela G.
MG
Asistente logística
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic Review from User Profile
Translated Using AI
What do you like best about Odoo Accounting?

The ease of use and learning, oddo allows me to manage the accounting of my small business and do it myself without needing to hire someone else to do it, I easily see the inflows and outflows of money and I know what I spend, when, and how. Review collected by and hosted on G2.com.

What do you dislike about Odoo Accounting?

The frequent system crashes make it impossible for me to use the platform properly, I have to keep calling technical support to help me issue an invoice remotely, I would like that to be resolved. Review collected by and hosted on G2.com.

What problems is Odoo Accounting solving and how is that benefiting you?

I hope they soon resolve the frequent system crashes, because sometimes there are actions I can't perform, and it takes too long to log in due to some maintenance they are doing on the platform. Review collected by and hosted on G2.com.

Deepak T.
DT
Senior Account Executive
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Odoo Accounting?

Data migration and automated GST TDS & document attachment features I like the most in Odoo Accounting. Review collected by and hosted on G2.com.

What do you dislike about Odoo Accounting?

Bank reconciliation & other reconciliation s is not automated that is dislike or least Review collected by and hosted on G2.com.

What problems is Odoo Accounting solving and how is that benefiting you?

AccountingInvoice processing in seamles manner Review collected by and hosted on G2.com.