Odoo Bookkeeping Review For 2025
Odoo Bookkeeping Plans & Pricing
Odoo Comparison
Expert Review
Pros
Cons
Odoo Bookkeeping's Offerings
Unlike most other accounting software on the market, Odoo’s plans and pricing are not exactly straightforward. Also, given that the software is a suite of business applications, it comprises several applications with unique pricing structures.
Ultimately, the overall cost of using this software is determined by the hosting you select. These hosting types include Standard Cloud Hosting, Self-Hosting, and the Odoo.sh Cloud Platform.
Features & Functionality
General Features
Journal and Ledger Entries
One of Odoo’s exciting bookkeeping features incudes journal and ledger entries. This tool helps you create journals for your customer invoices, credit notes, bank transactions and supplier bills. You can also set specific journals to specific accounts to eliminate the possibilities of entering data in a wrong journal.
There is also a general ledger comprising of debits and credits in your entire business transactions. You can filter the ledger reports for more than one account, and also print as necessary.
Profit and Loss Reports and Balance Sheet
Odoo’s balance sheet gives you insights into your business’s assets, liabilities, and stakeholder’s equity for every period. While preparing your financial report, this tool allows you to set a default account for Reserve and profit and loss. You can also print each report as necessary.
Cash and Bank Reconciliation
Odoo accounting’s cash and bank tool helps in completing error-free reconciliation. Its direct reconciliation proposition ensures that your payments (online, cash, and bank) are rightly matched with your bills and invoices.
The software works in sync with more than 15,000 banks, allowing for automated bank feed, multiple-format statement transfer, and accurate register management. There are also system-generated reconciliation reports to ease your audit processes.
Cash and Bank
Odoo accounting’s cash and bank management feature empowers users for error-free reconciliation. In addition, its direct reconciliation proposition ensures that your payments (online, cash, and bank) are rightly matched with your invoices.
The software supports more than 15,000 banks and allows for automated bank feed, accurate register management, and multiple-format statement transfer. You also have system-generated reconciliation reports to help you during auditing.
Asset Management
The Odoo accounting app features an all-encompassing revenue tool to help you identify, manage and grow your business assets.
Accounting Reports
Odoo takes account reporting a notch higher by ensuring that you can generate reports and synchronize them across multiple company profiles. From its customizable dashboard, you can automate the calculation of your P and L, annotate each report and set your users’ lock entry.
Tax Preparation
Simplify and optimize tax filing with expert features and tools.
Time-Saving Automations
Automate repetitive tasks to improve efficiency and productivity.
Add-Ons
Odoo’s vast integrations and customizations make it an excellent choice for businesses that thrive on flexibility. In addition, the entire suite features 39 other applications you can easily purchase to have all your business tools in one place.
You can also integrate the Odoo software with Google spreadsheets to make accounting less burdensome for your business. Its API also ensures that you sync your accounting tool with other third-party applications for improved efficiency. We can’t leave out the Odoo Studio app that allows you to build applications that are unique to your business – even without coding experience.
You can also integrate the Odoo accounting application with TaxCloud, VOIP, and eCommerce plug-ins like eBay and Amazon. You can also sync shipping services like UPS, EasyPost, FedEx, and DHL with the software. However, each of these integrations comes at an additional fee paid monthly.
Supported Devices
Access and use on a variety of compatible devices.
Pricing Model
Flexible pricing structures tailored to different needs and budgets.
Ease Of Use:
While a few users may prefer stand-alone accounting software, Odoo didn’t trade intuitiveness for versatility. As a result, its accounting software is still easy to use. Users can quickly complete their accounting processes on the software with minimal errors.
Odoo has a cloud-based Standard platform which eliminates the need for complex implementation hardware requirements. This option only requires that users have internet access and a supported browser. However, to use the more advanced Odoo.sh Cloud Platform, you’ll need to have a system with certain specifications for proper installation and implementation.
Implementing the advanced Odoo option will not constitute a problem because an Odoo worker is included in the package. You’ll not need to hire external hands for implementation.
Odoo accounting also comes in a mobile application to help users complete accounting operations while on the go. You can deploy this app on iOS and Android devices.
Verdict:
Odoo accounting makes for an ideal platform for business owners looking to scale their operations flexibly. If your business thrives on multiple digital solutions, this software’s integration and customization options will do you good. If you’re also looking for an averagely priced system, Odoo would be a great option.
However, if you run a large business, Odoo accounting may not meet up with your business’s need for more advanced accounting features like bookkeeping, financial reporting, and treasury supports. But then, you have up to 15 days to try the premium options of this software. Its features may well be all your business needs.
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