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Odoo vs Quickbooks

A detailed comparison of leading accounting software for SMEs.

Features Comparison

General Accounting

Odoo

Quickbooks Online


General Scope

Multi-currency

Consolidation


Multi-User

Multiple Journals



Number of Languages

85

5

Supported Countries

80+

1


Access Rights

Access Rights per Screen


Access Rights per Field


Customizable Validation Steps


Third-Party Integration

Availability of an API



Spreadsheet Integration

Import: Excel or CSV



Export: Excel or CSV


Customer Portal



Accounts Receivable


Odoo

Quickbooks Online


Customer Invoice

Proforma Invoices


Multiple Taxes per Line



Advanced Taxes (fixed, tax of taxes, etc.)



Discounts


Pricelists


Multi-Step Payments Terms


Cash Discounts



Outstanding Payments Reconciliation


Emails Discussion as Attachment



Configurable Email Templates



Send Invoices

Generate a PDF Invoice


Batch Send Invoices by Email



Post Invoices by Standard Mail



Online Payments

Credit Cards


PayPal


SEPA Direct Debit




Customer Statements

Aged Receivable Balance



Customer Statements



Automated Follow-up Letters



Automated Follow-up Actions



Unpaid Fees and Penalties


Third-Party Debits Recovery



Recurring Revenues

Automated Recurring Invoices



Subscription Upsell / Renewal



KPIs: Churn, MRR, Upsells, etc



Alerts for Contract Renewal




Miscellaneous

Automated COGS Entries



Automated Deferred Revenue



Accounts Payable

Odoo

Quickbooks Online


Vendor Bills

Billing Control (Purchase Orders / Receptions)



Multiple Taxes per Line



Purchase Agreements



Multi-Step Payment Terms



Fleet Bills & Disallow Expenses



Peppol / UBL Support




Artificial Intelligence

Bills OCR Recognition



Learning Intelligence



Payment Data from OCR



Realtime OCR (<10 minutes)




Vendor Payments

Aged Payable Report



Print Checks



Automate Wire Transfer (SEPA)



ACH Transfers



Expenses

Employee Expenses Report


Expenses Validation Flow


Mobile App for Expenses




Miscellaneous

Assets Management



Bank & Cash

Bank Interfaces


Import Statements: QIF


Import Statements: OFX


Import Statements: CSV


Import Statements: Coda



Import Statements: Camt.053



Deposit Tickets



Efficiency

Reconcile while Matching


Misc. Operations while Matching


Automated Rules


Bank Reconciliation Reports


Automated Currencies Rate Update


Extras

Odoo

Quickbooks Online


Analytic Accounting / Grouping

Analytic / Cost Accounting


Multi-Level Analytic Accounting



Multiple Plans




Budgets

General Budgets



Analytic Budgets




Payroll

Payroll


Valuation

Standard Price

Average Price

FIFO

Perpetual Inventory Valuation

Reporting

Odoo

Quickbooks Online


Legal Statements

Profit & Loss

Balance Sheet

Cashflow Statement

General Ledger

Tax Reports

Tax Audit Report


Reports

Pivot Table on Multiple Dimensions

Customizable Reports

Customizable Dashboards

Annotate Reports


Customizable KPI’s


Predefined Executive Summary

Perpetual Fiscal Year Closing


Usability, Pricing & Conditions

Odoo

Quickbooks Online


UI

Full Web Interface


Mobile App


Android App


iPhone App



Market Place

App Store / Add-ons


Other (integrated) solutions

eCommerce

Expenses


Inventory


Manufacturing


Operations (project, timesheet, etc.)


Human Resources


Document Management


Subscriptions


Point of Sale


Purchase


Sales



Subjective Ratings

Navigation and Search

5/5

4/5

Data Entry

5/5

4/5

Reconciliation Tool

5/5

3/5

Mobile App

4/5

4/5

Reports Flexibility

4/5

4/5


Pricing and Conditions

Monthly Pricing

Free

27$

Number of Users

Unlimited

3

Contract Duration

Monthly & Yearly

Yearly

Free Trial




User Satisfaction

Rating on g2Crowd

4.3/5

4/5

Rating on GetApp

4.2/5

4.3/5

Rating on Capterra

4.1/5

4.3/5

Brand Exposure

3/5

5/5

Different solutions, Different needs

When choosing the right software for your business, it is important to assess several criteria based on your specific needs.

Business Scope measures a software’s capacity to meet your business needs comprehensively through its features and its flexibility in customizability and integration with other tools.

User-Friendliness measures how straightforward and user-friendly a software solution is for your team to navigate, requiring minimal training or complex procedures. Additionally, it evaluates how hassle-free the software is to set up, considering factors like time, effort, and resource requirements for initial configuration within your organization.

Odoo is a robust solution addressing a wide range of business needs, extending beyond accounting functions. The platform is designed to streamline operations and replace the need for disjointed, non-integrated software applications. Odoo shines as a highly customizable, all-in-one solution with a multitude of applications. Its open-source nature empowers a thriving community, resulting in a vast repository of community-contributed applications. Compared to its competitors, which lack certain crucial features, Odoo provides a high-quality bill management solution.

Quickbooks is considered to be an out-of-the-box solution. It offers specialized accounting software but lacks more advanced features. This software doesn't provide an all-in-one solution for businesses aiming to extend beyond accounting.

In terms of user-friendliness, Odoo provides intuitive interfaces, making the solution suitable for users with diverse technical backgrounds. The straightforward setup ensures a hassle-free experience for every business.

Quickbooks, on the other hand, is considered less user- friendly and can be challenging to set up. Its interface might require more time and effort for users to become familiar with. Additionally, Quickbooks suffers from a lack of direct professional support and system crashes, making the product hard to use for daily operations.

This is why it’s important to consider the specific needs and scale of your business when assessing which solution is the best fit, as the ease of use and setup can vary significantly among these options.

Conclusion

Ultimately, the choice depends on your organization’s unique needs, scale, and the balance needed between customization, ease of use, and setup.

If you are in search of a specialized accounting solution, then Odoo and Quickbooks could be a good fit. With their advanced accounting features, these systems are particularly well-suited for complex accounting environments and provide efficient solutions for every accounting needs.

If you have more extensive requirements, you may find Odoo as the most appealing solution. Its advanced features can accommodate any process. The possibilities in terms of customization and the extensive suite of integrated business applications make it the best solution for businesses with requirements beyond accounting. Furthermore, Odoo excels in user-friendliness and ease of setup, making it a suitable choice for small and medium-sized businesses.