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.
About Xero
Xero is an online accounting software suite that utilizes a modern cloud network to fully accommodate the complete range of accounting needs.
The app allows its users to coordinate and manage all financial processes within an easy to use platform, accessible from all internet-enabled devices.
This software is ideal for small business owners managing their accounts independently, as well as in collaboration with their accountants from dispersed locations.
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
No key features associated with this application.
Summary
Easy Invoicing: Improves cashflow and helps its users get paid quickly and easily.
Multi-Currency Accounting: Foreign exchange rates are updated hourly, so users instantly know exactly how gains and losses are affecting their cashflow.
File Storage: It is possible to attach files to almost anything – from invoices to bills and transactions.
Creation of customizable purchase orders: Fully customizable purchase orders, ready to email them to suppliers and then copy to a bill.
Expense claims creation from anywhere: Users can create claims at work, home or on the go.
Inventory Management: Tracks the value of a user's inventory and improves stock control.
Pricing
Subscription
$24.90
1 user(s) / month
Included in plan:
New customers get a discount on the initial number of users purchased.
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.
FAQs
Who are the main user groups of this service?
Main user of this software are accountants and bookkeepers in small and medium-sized businesses across all industries.
What is this service generally used for?
Xero is used as a cloud-based accounting software for small and medium-sized businesses.
What platforms does this service support?
Web-based service with native mobile apps for iPhone, iPad or Android smartphone.
What are some applications this service is commonly used in tandem with?
It is most commonly used in tandem with WorkflowMax, CustomerSure, and Veeqo.
Does this service integrate with any other apps?
Xero integrates with hundreds of add-on business applications, from inventory management, invoicing and time tracking. Some of them: Batchbook, Quotient, Stripe, PayPal, WorkflowMax, Receipt Bank, Expensify, Evernote, Payment Evolution, Nexonia Expenses, Xpenditure, Constant Contact, Highrise CRM, Exsalerate, OnePage CRM.
Does this service offer an API?
Xero has an API available for use.
Does this service offer guides, tutorials and or customer support?
Support provided: Forum, Knowledge Base, Online Support, Video Tutorials.
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