Compare NetSuite vs Odoo Accounting

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About NetSuite

NetSuite empowers over 24,000 companies of all sizes and industries to optimize financial close, reduce IT costs, and eliminate operational inefficiencies with our built-in business intelligence, reporting, and real-time visibility -- allowing you to focus on key, revenue-generating decisions, rather than worry about your back-end systems.

About 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.

Features

  • 2-Factor Authentication
  • Accounts Payable
  • Accounts Receivable
  • API
  • Balance Sheet
  • Billing/Invoicing
  • Budgeting
  • Calendar Management
  • Contact Management
  • CRM Integration
  • Customer Management
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • Expense Tracking
  • External Integrations
  • Forecasting
  • General Account Ledger
  • Inventory Tracking
  • Multi-Currency
  • Multi-User
  • Notifications
  • P&L
  • Payroll
  • Supplier Management
  • Tax Management
  • BitCoin
  • PayPal
  • Stripe
  • SAP Integration

Features

  • 2-Factor Authentication
  • Accounts Payable
  • Accounts Receivable
  • API
  • Balance Sheet
  • Billing/Invoicing
  • Budgeting
  • Calendar Management
  • Contact Management
  • CRM Integration
  • Customer Management
  • Dashboard
  • Data Export
  • Data Import
  • Data Visualization
  • Expense Tracking
  • External Integrations
  • Forecasting
  • General Account Ledger
  • Inventory Tracking
  • Multi-Currency
  • Multi-User
  • Notifications
  • P&L
  • Payroll
  • Supplier Management
  • Tax Management
  • BitCoin
  • PayPal
  • Stripe
  • SAP Integration

Summary

  • Accounting, ERP

  • Analytics, Dashboards

  • Inventory Management, Order Management

  • CRM, CRM Analytics, SFA, Marketing, Customer Service

  • Quoting, Sales Order Management

  • Ecommerce

Summary

    No key features associated with this application.

Pricing

  • Credit card required: No
  • Hosted software pricing varies by product line and their range is $99.00 to $129.00 per user per month based on annual contract. Additional fees apply to various add-on products and add-on services. Help desk support plans are priced separately and may range from 22.5% to 37.5% of the software subscription.

Pricing

Subscription

$24.00
1 user(s) / month
Included in plan:
  • New customers get a discount on the initial number of users purchased.

FAQs

    What platforms does this service support?
  • This is web-based service, mobile version works on: Android, iPhone-iPad, and Windows Phone.

  • Who are the main user groups of this service?
  • NetSuite's services are primarily aimed at medium- to enterprise-sized businesses.

  • What is this service generally used for?
  • It is generally used as a business management software,

  • What are some applications this service is commonly used in tandem with?
  • NetSuite is commonly used in tandem with: Bill.com; BambooHR; and FieldAware.

  • Does this service integrate with any other apps?
  • It integrates with: Dell Boomi, Ascentis, Bronto, Five9, DocuSign, Bill.com, Concur, BambooHR, Kronos Workforce Ready, FieldAware, Box, Expensify, 8x8 Virtual Contact Center, ProofHQ.

  • Does this service offer an API?
  • NetSuite offers APIs to integrate with third-party systems.

  • Does this service offer guides, tutorials and or customer support?
  • They offer: On-line support; Toll-free Technical Centre contact; 24x7 telephone support worldwide.

FAQs

    Does this service offer an API?
  • Yes, you can get a web-service API to access all your custom objects easily. No extra code required.

  • Does this service offer multi-user capability (e.g. teams)?
  • As with all Odoo applications, you can choose the number of users you would like.

  • Does this service integrate with any other apps?
  • Yes. it integrates perfectly with all of our applications.

  • Does this service offer guides, tutorials and or customer support?
  • Yes. Our Odoo experts are readily available to provide guidance and free demos of our products. We have an online chat, or you can contact our customer support service during business hours.

  • What are some applications this service is commonly used in tandem with?
  • All Odoo applications can be perfectly integrated, and therefore function very well together.

  • What platforms does this service support?
  • All Odoo apps support Windows, Android and Cloud-Based.

  • Who are the main user groups of this service?
  • Odoo works for any company that wants to grow/scale without being slowed down by their internal system. There is no time lost on database migration, Odoo offers great usability, and affordable plans for businesses of any size and industry.

Vendor Information

Founded:
1998
Based in:
San Mateo
Employees:
1001-5000
Likes:
Followers:

Vendor Information

Founded:
-
Based in:
-
Employees:
-
Likes:
Followers:
42.6k

Other

Who uses NetSuite
  • Startups
  • SMEs
  • Agencies
  • Enterprises
Desktop Platforms:
  • Web App
Languages:
English, French, German, Japanese, Chinese
Regional Restrictions:
No restrictions.

Other

Who uses Odoo Accounting
  • Freelance
  • Startups
  • SMEs
  • Agencies
  • Enterprises
Desktop Platforms:
  • Web App
  • Windows
Mobile Platforms:
  • Android
Languages:
Arabic, Bulgarian, Catalan, Bengali, Czech, Danish, German, Greek, English, Estonian, Basque, Persian, Finnish, French, Hebrew, Hindi, Croatian, Italian, Japanese, Indonesian, Georgian, Korean, Latvian, Lithuanian, Macedonian, Dutch, Portuguese, Russian, Slovenian, Spanish, Thai, Vietnamese, Chinese
Regional Restrictions:
No restrictions.
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