Odoo vs Zoho Books

Introduction

Today, Accounting is not only restricted to data entry, ledgers, bookkeeping, and number crunching. It is evolving over time in order to meet business needs. The accounting industry is undergoing drastic changes due to technological advancements, automation, artificial intelligence, RPA, machine learning, and analytical processing. This is leading to digitally transforming businesses and industries.

One major emerging Accounting trend is the switch over to the ERP system. They provide you an opportunity to integrate your accounting software with financial data and other elements of business such as inventory, sales, manufacturing, etc.

It is expected that accounting software will be in high demand in the upcoming years. Accounting software available can be either installed locally or through a cloud service provider. 

Features Comparison

This analysis compares two of the top players of the Indian market: Odoo 17 and Zoho Books. This comparison is organized into 9 main categories: General Accounting, Accounts Receivable, Accounts Payable, Bank and Cash, Miscellaneous Operations, Document Management, Analytic Accounting/Cost Centres, 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 in this comparison.

Comparing Odoo vs Zoho Books

Odoo

Odoo is a leading integrated ERP software used worldwide for managing business processes. Apps and modules are present for CRM, Sales, eCommerce, Inventory, Accounting, Billing, Manufacturing, etc.
It possesses an impressive user interface & modular structure, highly customizable, scalable, and affordable. This suite of open-source business apps is designed to meet industry-specific demands.
Odoo Enterprise Edition (paid), Odoo Community Edition (paid), and SaaS subscription plans are offered by it. It is easy to use, extremely flexible, and integrates with several third-party add-on software apps. It is suitable for both small to large companies.
Amazing employees deserve amazing software. ”  

12+
million monthly users

44,000+
apps

5,000+
partners

140
countries

Zoho Books

A cloud-based accounting software that empowers businesses to control their finances in an efficient manner. Zoho Books works in all dimensions from expense tracking, bank reconciliation, time tracking, project management, invoicing, workflow automation, GST compliance, and many more.
The features present in the free trial version of Zoho Books are the same as those of the Premium plan of Zoho Books. A 14-day free trial period is offered to the users after they sign up for the Zoho Books. There are six subscription plans for Zoho Books- Free, Standard, Professional, Premium, Elite, and Ultimate.
" Accounting-The building block of financial growth. "

100 
million monthly users

55
apps

3000
partners

150+ 
Countries

Features Comparison

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 - 
₹ 96,000 /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).


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