General Accounting
Odoo | Zoho Books | |
General Scope | ||
Multi-currency | ✔ | ✔ |
Multi-Branches | ✔ | ✔ |
Multi-User | ✔ | ✔ |
Multiple Journals | ✔ | ✔ |
Multiple Language Support | ✔ | ✔ |
Supported Countries | 140 | 15 |
Accrual and Cash Basis | ✔ | ✔ |
Real Time Accounting | ✔ | ✘ |
Access Rights | ||
Access Rights per Screen | ✔ | ✔ |
Access Rights per Field | ✔ | ✔ |
Customizable Validation Steps | ✔ | ✔ |
Third-Party Integration | ||
API | ✔ | ✔ |
Spreadsheet Integration | ✔ | ✔ |
Import: Excel or CSV | ✔ | ✔ |
Export: Excel or CSV | ✔ | ✔ |
Customer Portal | ✔ | ✔ |
Customer / Vendor Communication | ||
Emails | ✔ | ✔ |
Whatsapp | ✔ | Third Party |
Internal Communication | ||
Email | ✔ | ✔ |
Chat | ✔ | ✔ |
Video Conference | ✔ | ✘ |
Accounts Receivable
Odoo | Zoho Books | |
Customer Invoice |
| |
Proforma Invoices | ✔ | ✘ |
Multiple Taxes per Line | ✔ | ✔ |
Discounts | ✔ | ✔ |
Pricelists | ✔ | ✔ |
Advanced Payments Terms | ✔ | ✔ |
Cash Discounts | ✔ | ✔ |
Outstanding Payments Reconciliation | ✔ | ✔ |
Configurable Email Templates | ✔ | ✔ |
eSignature on Invoices | ✔ | ✔ |
Customer Credit Limit | ✔ | ✔ |
Artificial Intelligence | ||
Real Time Accounting | ✔ | ✘ |
OCR Invoices | ✔ | ✔ |
Auto-Reconcile | ✔ | ✘ |
Account Prediction AI | ✔ | ✘ |
Send Invoices | ||
Generate a PDF invoice | ✔ | ✔ |
Batch Send Invoices by Email | ✔ | ✔ |
Send by WhatsApp | ✔ | ✘ |
Post Invoices by Standard Mail | ✔ | ✘ |
Customer Statements | ||
Aged Receivable Balance | ✔ | ✔ |
Per Customer Statements | ✔ | ✔ |
Automated Follow-up Emails | ✔ | ✔ |
Automated Follow-up Letters | ✔ | ✘ |
Automated Follow-up Actions | ✔ | ✔ |
Unpaid Fees and Penalties | ✘ | ✘ |
Third-Party Debits Recovery | ✘ | ✘ |
Online Payments | ||
Credit Cards | ✔ | ✔ |
PayPal | ✔ | ✔ |
UPI | ✔ | ✔ |
Recurring Revenues | ||
Automated Recurring Invoices | ✔ | ✔ |
Contracts / Subscriptions Management | ✔ | ✔ |
Recurring Business KPIs (MRR, Churn) | ✔ | ✔ |
Alerts for Contract Renewal | ✔ | ✔ |
Miscellaneous | ||
Automated COGS Entries | ✔ | ✔ |
Automated Deferred Revenues | ✔ | ✘ |
Sales Order Acruals | ✔ | ✘ |
Accounts Payable
Odoo | Zoho Books | |
Vendor Bills | ||
Billing Control (Purchase Orders / Receptions) | ✔ | ✔ |
3-Way Matching | ✔ | ✘ |
Multiple Taxes per Line | ✔ | ✔ |
Purchase Agreements | ✔ | ✘ |
Multi-Step Payment Terms | ✔ | ✘ |
Side-by-side View: PDF/Form | ✔ | ✘ |
Expenses | ||
Mobile App | ✔ | ✔ |
Validation Process | ✔ | ✘ |
Reimburse employees | ✔ | ✔ |
Artificial Intelligence | ||
Scan Vendor Bills | ✔ | ✔ |
Scan Expense receipts | ✔ | ✔ |
Vendor Payments | ||
Aged Payable Report | ✔ | ✔ |
Print Checks | ✔ | ✔ |
Automate Wire Transfer (SEPA) | ✔ | ✘ |
ACH Transfers | ✔ | ✔ |
Expenses | ||
Employee Expenses Report | ✔ | ✔ |
Expenses Validation Flow | ✔ | ✔ |
Disallowed Expenses | ✔ | ✘ |
Miscellaneous | ||
Assets Management | ✔ | ✘ |
Purchase Accruals | ✔ | ✘ |
Bank and Cash
Odoo | Zoho Books | |
Bank Statements |
| |
Bank Interfaces | ✔ | ✔ |
Import Interfaces: SEPA | ✔ | ✘ |
Import Statements: OFX, QIF | ✔ | ✔ |
Import Statements: CSV | ✔ | ✔ |
Import Statements: Camt.053 | ✔ | ✔ |
Deposit Tickets | ✘ | ✘ |
Miscellaneous | ||
Bank Reconciliation Reports | ✔ | ✔ |
Automated Currencies Rate | ✔ | ✔ |
Automate Currency Gains/Losses | ✔ | ✔ |
SDD Mandate | ✔ | ✘ |
Miscellaneous Operations
Odoo | Zoho Books | |
Indian Localisation | ||
GST Filing | ✔ | ✔ |
TDS | ✔ | ✔ |
eInvoicing | ✔ | ✔ |
eWaybill | ✔ | ✔ |
UPI | ✔ | ✔ |
Audits | ✔ | ✔ |
Multi-Branches | ✔ | ✔ |
Journal Entries | ||
Automatic Transfers | ✔ | ✘ |
Intercompany Entries | ✔ | ✔ |
Auto-Post in Future | ✔ | ✘ |
Journal Items Cut-Offs | ✔ | ✘ |
Documents Management | ||
Document Management | ✔ | ✔ |
Document Search Engine | ✔ | ✔ |
Auto-split Multiple Invoices | ✔ | ✘ |
Customer Portal | ✔ | ✔ |
Collect by Email | ✔ | ✔ |
Collect by Scan | ✔ | ✔ |
Upload from Portal | ✔ | ✔ |
Analytic Accounting / Cost Centers | ||
Analytic Accounting | ✔ | ✔ |
Multi-level Analytic Accounts | ✔ | ✘ |
Multiple Plans | ✔ | ✔ |
Automatic Propositions | ✔ | ✘ |
Extras
Odoo | Zoho Books | |
Analytic Accounting / Grouping | ||
Analytic / Cost Accounting | ✔ | ✔ |
Multi-Level Analytic Accounting | ✔ | ✘ |
Multiple Plans | ✔ | ✔ |
Optional Tags per Entry | ✔ | ✘ |
Budgets | ||
General Budgets | ✔ | ✔ |
Analytic Budgets | ✔ | ✔ |
Payroll | ||
Payroll | ✔ | ✔ |
Valuation | ||
Standard Price | ✔ | ✘ |
Average Price | ✔ | ✘ |
FIFO | ✔ | ✔ |
LIFO | ✔ | ✘ |
Perpetual Valuation | ✔ | ✘ |
Other | ||
Contracts Electronic Signatures | ✔ | ✔ |
Multi-company consolidation | ✔ | ✘ |
Reporting
Odoo | Zoho Books | |
Legal Statements | ||
Profit & Loss | ✔ | ✔ |
Balance Sheet | ✔ | ✔ |
Cashflow Statement | ✔ | ✔ |
General Ledger | ✔ | ✔ |
Tax Reports | ✔ | ✔ |
Tax Audit Report | ✔ | ✔ |
Bank Reconciliation | ✔ | ✔ |
Aged Receivable | ✔ | ✔ |
Aged Payable | ✔ | ✔ |
Executive Summary | ✔ | ✘ |
Reports | ||
Pivot Table on Multiple Dimensions | ✔ | ✘ |
Customizable Dashboards | ✔ | ✘ |
Spreadsheet | ✔ | ✘ |
Annotate Reports | ✔ | ✘ |
Customizable KPI’s | ✔ | ✔ |
Ratio Analysis | ✔ | ✔ |
Predefined Fiscal Year Closing | ✔ | ✔ |
Usability, Pricing & Conditions
Odoo | Zoho Books | |
UI | ||
Full Web Interface | ✔ | ✔ |
Mobile App | ✔ | ✔ |
Android App | ✔ | ✔ |
iPhone App | ✔ | ✔ |
Productivity Tools | ||
Mass Edit | ✔ | ✔ |
Group by in lists | ✔ | ✔ |
Screen Designer | ✔ | ✘ |
Market Place | ||
App Store / Add-ons | ✔ | ✔ |
Subjective Ratings | ||
Navigation | 9/10 | 9/10 |
Search | 10/10 | 8/10 |
Shortcuts | 9/10 | 7/10 |
Data Entry | 8/10 | 7/10 |
Reconciliation Tool | 10/10 | 9/10 |
Mobile App | 10/10 | 9/10 |
Reports Customization | 9/10 | 9/10 |
Pricing and Conditions | ||
Pricing | Free, Forever | ₹ 8,988 /year - |
Contract Duration | Monthly & Yearly | Monthly & Perpetual |
Free Trial | 15 days | 14 days |
Free Updates | ✔ | ✔ |
Hosting & Maintenance | ✔ | ✔ |
Support | ✔ | ✔ |
Different solutions, Different needs
In order to excel in business, it is important to streamline ineffective processes. For it, you need to opt for the right software. This leads to the analysis of certain parameters such as features, functionality, workflow, etc.
Business scope evaluates the software functions, specifications, usability, customization capability, and integrations with other tools for your business growth.
User-friendliness measures how software is user-friendly to use easily & intuitively and whether it is adaptable to the business according to its tailored needs or not. It evaluates how the software is simple to install along with the updates requiring minimal effort to understand & avoid time consuming training and procedures. It should also adhere to the industry standards and be efficient after all.
Odoo and Zoho Books have introduced game-changing software solutions to the accounting world. These software help you to ameliorate a business’s financial accuracy and visibility so that valuable time can be spent on more important tasks by integrating all business applications at one place and enhancing productivity.
Odoo is one of the robust all-in-one business management software which fastens the accounting operations placing all necessary tools at one place. It’s highly customizable, integrates multiple applications, and accelerates businesses with an open source nature! Its open-source nature empowers a thriving community resulting in a vast repository of community-contributed applications. It is the best solution provider for bill management.
Zoho Books has enriched automation features for financial functions which is competitive to other accounting softwares in the marketplace. However, it may fail for advanced analytics. Zoho gives the reliability to access all your work from one place by integrating with other business applications. However, it is not user-friendly, it may be difficult to use for those business owners who are not tech-savvy.
Odoo offers top-notch modular architecture & fosters continuous development and adaptability. Businesses have the flexibility to use any one of its applications that aligns with their needs. It has an extremely user-friendly user interface, provides straightforward navigation and is comprehensive by nature.
On the other hand, Zoho Books is not easily adaptable and its learning curve is long. Business owners may find it difficult to understand and implement it. Zoho Books may be a good choice for task automation, but not for streaming business operations. It possesses a lack of payroll services, and doesn't incline integration options.
Conclusion
Accounting software vendor- Zoho was the first “modern” accounting software to surf on the wave and offered a modern software solution for accountants.
Odoo has always been the leading product worldwide in terms of usability and feature coverage, years ahead of other accounting software on these two values. But, Odoo’s Indian localization was not perfectly mature before 2023. Now, it is on par with Zoho with all Indian features (GST filing, multi-branches, TDS, UPI, e Waybill, e-Invoicing, etc.).
Odoo has become the most complete and user-friendly software for Indian accounting. Its user base is still small, as they have just started. But, the product is superior at a lower price (Odoo Accounting is even free on Odoo Online).