What is Odoo and How does

Odoo work?
Starting off with what is Odoo, it is an all-in-one business management software. It
offers a wide range of applications, including accounting, sales and purchase
management, inventory management, HR management and much more.

A wide range of companies uses Odoo, from small businesses to large enterprises,
regardless of their size. With its user-friendly interface, it makes it easy for both
administrators and end users to use. In addition to the standard features of accounting
software, Odoo offers a variety of business processes out of the box that can be used as-
is or customized to meet your needs.

How does Odoo work?

This question has come up quite a few times now ‘How does Odoo work?’ So we
decided to finally cover it for you all.

Odoo is a business management software that helps you run your business efficiently.
The software is available in two versions: Open Source and Enterprise Editions. The
Open Source version is free for everyone and has all the features necessary to manage
your business. The Enterprise version includes additional features like an integration
with Salesforce, an enterprise-grade security system, and more.

Odoo can be used in three ways: as a web app, as a desktop app, or on mobile devices
(Android or iOS). You can use the interface to create new products or services, manage
orders, track time spent on projects, and record expenses and mileage—everything you
need to keep your business running smoothly.

Many people get confused about how Odoo works: just sign up for an account or start
your Free Odoo trial, then install the software according to directions provided by our
team (We will also walk you through getting set up with Google Play Store or Apple
App Store). Once installed on your computer or mobile device, our experts will ask you
some questions about your company so we can get started building an organizational
chart based on what you tell it about who works where in relation to each other.

Odoo implementation cost

The cost of implementing Odoo is dependent on a number of factors, including:
The size and complexity of your business. A small company with a single-user
interface will be easier to implement than a multi-user system for a large
corporation.
How much customization do you need. The cost of changing the colours of the
interface or other ways in which you may want to customize it is going to increase
because this requires more time and effort on your part.
How quickly you need to get started. Some companies have already implemented
Odoo but need help setting up their accounting practices and streamlining their
operations; others just want to get started right away on their new system.
However, the average cost for implementation is between $25,000 USD -$50,000 USD.

Odoo Modules
Odoo is a business management application that helps companies of all sizes manage
their finances, customer relationships and operations. It’s also a complete suite of
business apps that helps automate and streamline every aspect of your business.

The platform consists of three main modules: CRM, ERP, and Accounting. They are
each built on top of the other to provide a comprehensive solution for businesses of all
sizes.

The CRM module provides an intuitive interface for managing customers and leads,
sales pipelines, marketing campaigns and social media activities. The ERP module
provides tools for managing inventory, purchasing orders, sales orders and accounting
transactions. The Accounting module is used to manage financials, including accounts
payable/receivable and general ledger reports.

Odoo Apps
Odoo apps are the most important part of Odoo. They allow for the customization of
Odoo and the addition of new functionalities.

Some examples of Odoo apps are:

Sales App
This is used to manage sales orders, including tracking their progress and deliveries. It
also has a feature that allows you to create invoices directly from your sales order.
Customer Relationship Management (CRM)
This app manages customer relationships and activities, allowing you to see who has
made purchases and how often they have done so. It also allows you to track your sales
team's performance and assignments.
Inventory
This app helps you keep track of all your inventory items, whether they're in stock or
out of stock, as well as their cost price and selling price.

Conclusion
Odoo has made a significant contribution to the advancement of business software. The
platform has changed the way companies do business by integrating different aspects of
their operations. From retail and manufacturing to e-commerce, Odoo can be used for
any type of business. In terms of its versatility and ease of use, it’s a great option for
businesses seeking an affordable, comprehensive solution.

ODOO ACCOUNTING REVIEW

Odoo Accounting is an open-source software that offers strong
accounting with fixed asset management and depreciation, accounts
payable, and basic reports. Is it right for you?

ODOO ACCOUNTING
Accounting Method
Accrual & Cash Basis
Pricing
$0-$35/month + cost of apps
Business Size
Small to large businesses with unlimited users

ODOO ACCOUNTING AT A GLANCE

 Odoo is enterprise resource planning (ERP) software that’s designed to scale
with your business.

 Odoo can be completely customized with 40+ small business applications

and user-designed add-ons.

 Online and on-premise options are available.

PROS
 Highly customizable

 Scalable

 Open-source

 Shipping integrations available

CONS
 Limited features

 Over-complicated pricing plans

 Limited invoicing features

WHAT IS ODOO ACCOUNTING?
Odoo isn’t a simple bookkeeping tool; it is enterprise resource planning (ERP)
software. Odoo is open-source software — meaning it can be customized and
modified to fit your specific business needs. It offers over 40 different small
business applications, and the software can be hosted online or on-premise.
These applications, as well as the user-designed add-ons, allow the software to
grow alongside your business. This review, however, will be focusing
specifically on Odoo Accounting.
Odoo Accounting offers strong accounting with a full chart of accounts, fixed
asset management and depreciation, accounts payable, basic reports, and more.
For key features, such as project management, time tracking, and estimates,
you’ll have to buy Odoo’s other applications. While this modular pricing model
can seem expensive, Odoo is far cheaper than most of its ERP competitors.

For users looking only for a small business accounting solution, you can get
more features for less money with other accounting programs. But if you are
interested in a full ERP solution or are a developer drawn to the idea of
completely customizing your software, Odoo could be a good option for your
business.
ODOO ACCOUNTING PRICING
Rating: Good
Odoo
Accounting Price  When To Use
Plans

Odoo Online If you need one Odoo cloud-based

$0/month
Free application

Odoo Online If you need more than one Odoo

$35/month + app costs
Paid cloud-based application

Odoo If you need a locally-installed,

$0/month
Community open-source accounting solution

If you need a locally-installed

$28/month (billed
Odoo Enterprise solution with hosting & customer
annually) + app costs
support

Odoo offers 35 different open-source software applications ranging from

accounting to CRM to POS and more (plus thousands of user-designed add-
ons). A 15-day free trial is available for you to test out the software.
Odoo’s pricing scheme is a bit difficult to break down, as there are online and
on-premise versions, and you can increase your plan pricing by signing up for
additional applications and adding users. Discounts vary depending on the
number of users you select. Discounts are also available if you opt for annual
billing.

ODOO ONLINE FREE

Odoo Online Free is a cloud-based plan that costs $0/month. It includes:

 One Odoo application of your choice

 No customer support
ODOO ONLINE PAID
The Odoo Online Paid plan costs $35/month for one user plus the cost of
applications. Applications range from $15-$72/month, with Odoo Accounting
priced at $30/month. In addition to Odoo Accounting, you can choose from
applications like:
 Odoo CRM

 Odoo eCommerce

 Odoo Point of Sale

 Odoo Project

 Odoo Timesheets

 Odoo Inventory

 Odoo Events

 Odoo Email Marketing

 Odoo Helpdesk
 Odoo Appointments

 Odoo Subscriptions

 Odoo PLM Manufacturing

Visit Odoo’s website for a full list of applications and pricing.

ODOO COMMUNITY
Odoo recommends its on-premise solutions for businesses with more than 50
users. Odoo Community is an on-premise solution that costs $0/month.
ODOO ENTERPRISE
Odoo Enterprise is a locally-installed plan that is billed annually at $28/month
for one user plus the cost of applications. Odoo Accounting specifically costs
$24/month for a single user. Visit Odoo’s pricing page to calculate your exact
annual payment. Discounts vary depending on the number of users you select. It
includes everything from Community plus:
 Customer support

 Hosting
EXTRA ODOO ACCOUNTING COSTS & FEES
Odoo Accounting Extra Costs Price

Enterprise Implementation Pricing varies

Integrations Starts at $45/month

Odoo.sh Cloud Platform Pricing varies

Success Packs Starts at $3,600

There are a few additional add-ons you might want to consider when signing up
for Odoo. This includes implementation for Enterprise subscribers, integrations,
and the Odoo.sh Cloud Platform for hosting.
Odoo also offers Success Packs, which connect you with a personal Odoo
developer to address your business needs. New users are eligible to receive 15%
off their chosen Success Pack.

IS ODOO ACCOUNTING EASY TO USE?

Rating: Excellent

Odoo Accounting is generally intuitive, and a recent redesign makes the

software easier to navigate and more organized. Another nice touch is that the
software walks you through how to use the features, making it easier to get
started. Odoo offers a SaaS, web-hosted accounting program (Odoo Online) as
well as on-premise options you can install on your computer (Odoo Community
and Odoo Enterprise).

ODOO ACCOUNTING FEATURES

Rating: Fair
Odoo Accounting Features Availability

Budgeting

Tax Support

Invoicing

Estimates

Client Portal

Contact Management

Expense Tracking

Bank Reconciliation

Chart Of Accounts

Accounts Payable
Odoo Accounting Features Availability

Inventory

Time Tracking

Project Management

Number Of Reports 16+

Odoo Accounting offers most basic accounting features. However, for

specialized features, such as project management, inventory management, time
tracking, etc., you’ll have to purchase additional Odoo applications to receive
the feature depth we’re used to in our reviews. You can go on a feature tour or
schedule a demo of the software to see these features in action. For now, here’s
what you’ll receive with Odoo Accounting.

INVOICES & ESTIMATES

In terms of invoicing, Odoo falls a little short when compared to other
accounting software. There are limited invoice templates and customizations.
Additionally, Odoo does not support recurring invoices.

However, the invoicing dashboard is easy to use and works well if you only
need basic invoicing. Features worth noting include:

 4 invoice templates

 Some customization options, including logos & headers

 Invoice reminders

 Set internal warnings for late customers

 Client portal

 Create payment links

 Supports 80+ currencies
BOOKKEEPING
While it may lack some of the more advanced features you’d find in other
accounting software, Odoo Accounting has a number of features available to
easily balance your books. Notable features include:

 Bank reconciliation for bank accounts & group payments

 Customizable chart of accounts

 Journal entries

 Live bank feeds

 Manually import bank statements via .csv, .ofx, .qif, or .camt

 Fixed asset management & depreciation

 Automated amortization entries

 Accounts payable

 Credit memos

 Internal chat

 Import contacts, items, & bills .csv or .xls

 Export financial information

 Mobile apps for iOS & Android

CONTACT MANAGEMENT
Odoo Accounting’s Contact Management feature isn’t as advanced as you’d
find with some programs. However, it is easy to add contacts and vendors, and
there are a number of fields that you can use to record information. Here’s what
to expect with this feature:
 Add customers and vendors

 Add contact information

 Upload images

 Add internal notes

 Set default sales/purchasing settings

INVENTORY
Odoo Accounting has a very basic inventory feature. For a full-fledged
inventory feature (with low stock reminders, COGs calculations, etc.), you’ll
need to purchase the Odoo Inventory application. Odoo Accounting includes:

 Mark sold/purchased items

 Record basic information about items

 Add sales/purchase information to items

 Set tracking categories

 Add images of your items

TIME TRACKING
Time tracking is not included with Odoo Accounting. If you wish to use this
feature, you will also need to sign up for the Odoo Timesheets app for an
additional cost.

PROJECT MANAGEMENT
Project management is not a feature you’ll find with Odoo Accounting.
However, you can sign up for the Odoo Project app for an additional cost.

REPORTING & BUDGETING

Odoo has the basic accounting reports and analytics you would expect from
accounting software. A budgeting feature is also available. However, this
feature can be confusing and could be reworked to be more intuitive. Here’s a
breakdown of all reporting and budgeting features:

 16+ reports including balance sheets, profit and loss statements, ledgers, &
cash flow statements

 Analytic reports

 Budgeting

 Budget analysis report

TAX SUPPORT
Odoo Accounting doesn’t have much going for it in terms of tax support. The
sales tax feature, while workable, is a bit underdeveloped. You can only set one
default sales tax rate, which you cannot adjust on invoices unless you add an
item line and manually calculate the sales tax total. One way to work around
this is by adding default tax rates to each client to override the set tax rate.

ODOO ACCOUNTING CUSTOMER

SERVICE
Rating: Poor
Odoo Accounting Support Availability

Phone Support

Email Support

Support Tickets

Live Chat

Dedicated Support Representative

Knowledge Base or Help Center

Videos & Tutorials

Odoo Accounting Support Availability

Company Blog

Social Media

With Odoo’s customer service, answers are hard to come by. Email support is
reserved for general information. As far as phone support, this is used for
“emergencies and functional questions.” There’s also no support for the free
version of the software, and IT support and training cost extra. Odoo’s one
saving grace is its comprehensive and thorough help center.

ODOO ACCOUNTING INTEGRATIONS

Rating: Excellent

Odoo offers 40 software applications altogether, covering a wide range of small

business industries. Odoo has an API for developers and an Odoo Studio
application for users who want to build custom apps but have no coding
experience.

In addition to these applications, Odoo offers a few third-party integrations and

an incredibly large app marketplace. Odoo and its users have collectively
created 37,000+ applications through the Odoo API. These developers have
created apps and modified the Odoo software to fit the needs of hundreds of
small businesses. You’ll find capabilities, such as dental clinic management, a
website booking calendar, a Magento connector, and even Sudoku. You’ll also
find more traditional third-party integrations, such as USPS, UPS, FedEx, and
eBay integrations. Explore Odoo’s marketplace yourself to learn more.
ODOO ACCOUNTING REVIEWS
Rating: Good
Reviews for Odoo as a company are overall positive. The software receives
4.1/5 stars on Capterra (based on 476 reviews). It’s a bit harder to find reviews
specific to Odoo Accounting, but there are a few out there. On G2, Odoo
Accounting only has 52 reviews, but the application receives 4.3/5 stars for
those reviews. While most reviews are positive, there are also several
complaints worth noting.

NEGATIVE ODOO ACCOUNTING REVIEWS &

COMPLAINTS
 Customer support is hard to reach

 Customer support options are limited

 Expensive monthly cost

 Weak mobile apps

POSITIVE ODOO ACCOUNTING REVIEWS
 Integrated system with apps in one place

 Modular pricing structure

 Easy to use

 Good for developers

IS ODOO ACCOUNTING SECURE?
Rating: Good

If you use Odoo Enterprise, you are responsible for your network and your
computer’s security. For its web-hosted solutions, Odoo keeps your data secure
with:

 256-bit SSL encryption

 Regular security audits

 Servers in multiple undisclosed locations

 Server facilities with controlled access

 Data backups of records are kept for three months

THE FINAL VERDICT: IS ODOO
ACCOUNTING WORTH IT?
Odoo Accounting Review Summary

Pricing $0-$35/month + cost of apps

 Highly Customizable Open-Source

Choose If You
Software
Need
 Affordable ERP Solution

 Scalable Software

Odoo is a great, easy-to-use, and affordable option if you are looking for open-
source ERP software. The software is ideal for developers who want the
freedom to custom-design their software. It is also a good alternative to more
expensive ERP solutions, such as NetSuite, since Odoo is both cheaper and
easier to use. However, if you’re just looking for accounting software, a
program such as QuickBooks or Xero is likely a better fit unless you are
anticipating a lot of growth and will require Odoo’s application collection in the
future.
In terms of actual accounting features, Odoo Accounting does well with
features, such as a chart of accounts, bank reconciliation, fixed asset
management and depreciation, and more. But Odoo Accounting’s reports and
additional features that you would usually see in accounting software (project
management, time tracking, etc.) are lacking. Considering Odoo’s pricing
structure, it makes sense — the company wants you to buy multiple
applications. Another drawback is Odoo’s limited customer support. There are
all things to keep in mind before committing to Odoo. If you are interested in
the software, be sure to use the free 15-day trial to see if it’s a good fit for your
business.

What is Odoo ERP? 

Odoo ERP system is enterprise resource planning software used company-wide for
the management of business processes.  Odoo provides seamlessly integrated
functional business apps called Odoo apps that form an ERP solution when combined.
Open-source software, Odoo, is available with SaaS subscription pricing as the
Enterprise edition or as the Odoo free Community version.

Odoo apps for ERP and CRM include:

 Website builder with Odoo CMS (content management system)

 Accounting 
 Subscriptions
 Planning
 Consolidation
 Invoicing
 Timesheets
 Inventory management and warehouse management
 Manufacturing MRP 
 Field service

 Marketing, including apps for Marketing Automation, Email Marketing, and

Social media 
 eCommerce
 Point of sale
 Helpdesk for customer support
 Project management
 Product Lifecycle Management (PLM)
 Human resources, including apps for Recruitment and Employee Referral
 eLearning
 CRM (customer relationship management)
Odoo Enterprise edition is desktop or cloud-hosted Odoo Online, available anywhere
and from any device. Mobile device operating systems include the Apple iOS and
Google Android. Odoo Community version is available only as a desktop ERP
solution and CRM. Odoo Enterprise has many more features.

People ask what Odoo means. As an acronym, Odoo stands for OnDemand (SaaS)
Offer from OpenERP, according to a reference to a 2009 blog post in an Odoo forum.
Others think Odoo means On Demand Open Object. Odoo started in Belgium as
TinyERP, then switched the name to OpenERP before choosing Odoo for its company
and open-source ERP software.

Which Types of Businesses Use Odoo? 

Based on our Odoo review, Odoo is a reasonably good ERP solution for small
businesses and some mid-sized companies that you should consider in your software
evaluation. Odoo ERP can’t compete with pricey high-end systems
like SAP or Oracle ERP.  

Businesses in many industries use Odoo software. 

Odoo ERP with apps fits:

• Manufacturing companies

• Distribution companies

• Retailers, including online eCommerce and brick-and-mortar businesses

• Companies with field service operations

• R&D companies

• Service companies

• Marketing companies

• Training companies

• Consultants and Odoo Partners

• IT companies with trained developers
 
• Accounting firms.

How Much Does Odoo Cost?

Odoo pricing plans are based on the number of users and Odoo apps selected for
business needs. SaaS standard pricing for Odoo software for business management
starts at $35 per month for 1 user annually or $28 per month before apps, with new
customer discounts. Functional business applications comprising the ERP and CRM
and Partner implementation services cost extra. An Odoo ERP free version is called
Odoo Community edition. The Odoo ERP free, open-source solution is available
through an Odoo download or Odoo GitHub.

 How Does AP Automation Software Integration Work With

Odoo? 
Odoo ERP integration with AP automation software through either flat file or API
integration provides a seamless connection through the Odoo login and user interface
(UI). Tipalti AP automation add-on uses flat file integration. Tipalti automates the
entire accounts payable workflow, beginning with time savings from self-service
supplier onboarding to global mass payments and fraud reduction.

 What Are The Primary Features and Advantages of Odoo? 

• Low-cost

• Ease of use

• Offers a comprehensive selection of Odoo apps

• Integrates with many third-party add-on software apps

• Offers an Odoo free version called Community

Odoo features include an extensive choice of business apps for many business
requirements and industries. Businesses only pay for the apps that they need. For
CRM, you can either use the Odoo CRM app or Salesforce. It’s easy to seamlessly
integrate Odoo and third-party apps to streamline your business processes for
operations, business management, and financial management. For experienced IT
developers knowing Python and other computer coding languages, Community
edition is free for the desktop, although it lacks many features included in the
Enterprise edition.

How to Implement & Use Odoo?

Odoo offers a one-hour Getting Started video to learn about the Odoo ERP system
and Odoo CRM.  Odoo has videos on different Odoo apps like eLearning and
Helpdesk. To learn about and try out the software first, Odoo offers a 15-day free trial
and Odoo demo, which is a video tour at odoo.com. 

Use a certified Odoo Partner for paid implementation services. 

The Community edition is an open-source ERP and CRM. For users of the free Odoo
version, Odoo provides a Community page that includes an online Odoo demo,
download link, Help Forum, User Guides, and Events, including Odoo Experience.