Odoo vs Quickbooks  

Introduction

Historically, accounting has been considered as a dull and unexciting aspect of business. Nonetheless, as a business evolves, the accounting department will become arguably one of the most important components for its success. This is why providing the accounting team with the tools they need in order to monitor these factors effectively is critical for the financial health of the organization.
Many accounting software options are available on the market, offering numerous features and reporting functions that accountants require, but how does one decide which is best? The ideal solution is accounting software that can be integrated with other commercial solutions. This will result in significant time and resource savings for the organization.
In this page, we have chosen to compare the biggest players on the market, namely Odoo, to Quickbooks. For a balanced comparison of the most widely used accounting solutions, we have compiled a table outlining the essential features an accounting software should encompass. The categories are as follows: General Accounting, Accounts Receivable, Accounts Payable, Bank and Cash, Extras, and Reporting. These categories encompass almost everything a company needs to manage its finances. We have also included a comprehensive list of the pricing conditions and usability analysis for each solution. 
To offer a comprehensive comparison of several accounting solutions, we’ve done the exercise for some of the most renowned ones: Odoo, Sage, Quickbooks, Xero, Zoho Books, TallyPrime. Happy reading!

Comparing Odoo vs Quickbooks

Odoo

Created to disrupt the enterprise landscape and finally provide a simple solution for complex needs, Odoo has become one of the most popular business solutions. With more than 82 business apps fully integrated, and thousands of community modules, the open-source software caters to every sector and company size, becoming a major player on the market.

Odoo is available in three editions: Community, Enterprise, and Online.

Amazing employees deserve amazing software. ”  

12+
million users

44,000+
apps

5,000+
partners

3,600+
employees

QuickBook 

Quickbooks, developed by the financial software company Intuit in 1994, is an accounting software solution for small and medium businesses. In 2014, the software was divided and industry-specific were incorporated into separate options to enhance its appeal. Quickbooks is now seen as one of the most widely used accounting software in the US.

Quickbooks is available in two versions: Enterprise and Online. The Enterprise version is available online via additional hosting or locally. In this comparison, we will showcase Quickbooks using Online Essentials.

" Smarter business tools for the world’s hardest workers. "

4.5+ 
million users

300+
apps

5,000+
partners

18,000+
employees

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.

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