Odoo Accounting Reviews & Product Details

What I like best is that in Odoo, everything is easy and smooth. Any task that I have to do, Odoo have a simple and easy way for me to do it. Review collected by and hosted on G2.com.

There's not much that I dislike...

One point that I found frustrating is that since every year Odoo releases a new version with new awesome features and that it always take 6 to 12 months to upgrade our DB to this new version, then I always feel like I'm missing on these new features and that my work would be so much easier with them...

Not a "real" bad point actually, just a bit of frustration. Review collected by and hosted on G2.com.

I am not an accountant and find the the Accounting app easy to use. The landing page provides a quick snapshot of any accounting activities that need to be completed. This includes both invoices awaiting payments and bills to vendors that need to be paid. It connects to my bank accounts which makes it easy to reconcile all of my accounts. All of the standard reports and audit capabilities are built in. Review collected by and hosted on G2.com.

Because I am not an accountant, it would have been helpful to have support for setting up Chart of Accounts and other accounting settings. To be sure this is not really an issue with the Accounting app. Review collected by and hosted on G2.com.

Odoo Accounting is very easy to use, user friendly. In few clics I have my invoices recorded and my balances done. The reconciliation process do the work very easy, In my last reconciliation I spent in average 17 seconds per transaction. Review collected by and hosted on G2.com.

I have to pay for scan PDF's invoices and to autocomplete companies information Review collected by and hosted on G2.com.

Every single detail can be searched one way or another, you can find any transaction out of millions that you are looking for if you have the proper information. Easy to use invoicing process (both from customer and vendors). Reports are functional and easy to use. Review collected by and hosted on G2.com.

A few things in the accounting portion seem to be duplicated a few times. Often confusing terms are being used (USA Accounting) due to the product being programmed and written in Europe. Review collected by and hosted on G2.com.

The user interface is very clean and easy to use. I've found a few other accounting software packages have very obtuse interfaces with lots of workarounds. Odoo is easy to use and very intuitive. I also like how it integrates with other apps. I have it connected to my ecommerce store with odoo, and all of the bookkeeping work is automated. I have to use this software very little because so much of it is automated. Review collected by and hosted on G2.com.

Sometimes matching transactions to your bank account can be a bit tedious. Our credit card deposits come in all as one batch, and sometimes it can be tricky if there are several transactions going into that batch. With how much time it saves elsewhere though, the software is still great. Review collected by and hosted on G2.com.

I believe the best feature about this is the fact that one can run accounting analytics without much of a hassle. For someone who does not have the strongest accounting background with GAAP, this app in Odoo has been fairly easy to use after a couple hours of tech training with Odoo staff. Review collected by and hosted on G2.com.

I slightly dislike that we had to reach out to Odoo and pay to assist in my team switching from Quickbooks to Odoo Accounting. Sure, they have some online documentation that assists in BASIC accounting, but for complex SKU accounting, invoicing, trial balance, and profit and loss statements you truly do need a CR Rep from Odoo themselves to custom code certain things through Studio to get the job done.

That being said, it is WORTH the hours after it is done. Review collected by and hosted on G2.com.

Integration with the rest of Odoo (Sales and Purchase)

Automated Costing

Standard Reporting Review collected by and hosted on G2.com.

I am not a day to day user, but mainly the team would like matching to be better. We believe that from v11 to v12 the matching functionality was removed/changed.

Other than that, the system works very well.

Cost roll ups for subcontract items is manual Review collected by and hosted on G2.com.

The method of apportionment of credits and debits (asset types and deferred revenue types) over a user-defined period of time. Review collected by and hosted on G2.com.

The integration to Expenses is too basic. Review collected by and hosted on G2.com.

Everything flows where it needs to. The overview is comprehensive and denotes to-do items with a hyperlink for simple completion. Journal entries are easy to edit/create. Adding bills and creating invoices and the interconnections between other Odoo apps, has been very pleasant. Review collected by and hosted on G2.com.

Financial reports (P&L, the Balance Sheet, and the GL) are not really editable. Adding columns is nearly impossible, although adding rows to further refine numbers is relatively simple. Trying to allow certain people to view only specific data has been difficult as well.

The reconciliation process may be smooth for some, but it has not been our favorite. We don't love the check printing options either. Altering the format of the check is difficult, and multiple payments to a single vendor at a single address do not automatically combine into a single check, but it can be done manually with little effort. Review collected by and hosted on G2.com.

This is quite possibly the most elegant piece of ERP software I have ever seen. The design is perfection. My understanding and experience is that all the modules basically interact via API. Accordingly, you can mount ANY piece of software you want in the structure without concern. Review collected by and hosted on G2.com.

Please understand we were a paying Enterprise customer - not the freebie Community Edition. The support we received was atrocious. If there is any modification to the software, which they encourage, you are done with support. Third-party software basically nullifies support as they will want you to REMOVE any 3rd party software if they decide to troubleshoot an issue. There is NO timely support. Every response you get takes days. Woe unto you if you forget to include an obscure detail because you will be asked for it and that resets the "days" clock.

When the ultimate resolution of a series of problems with the software was to upgrade a version - WHICH ODOO ALONE CAN DO - Odoo reported to us that they could not update the version, effectively leaving us stuck on an old version with problems with absolutely no resolution. Only Odoo can upgrade you so we were effectively stuck. The Windows equivalent of saying that you cannot upgrade from Windows 98 - you can probably just start over.

I reached out every way possible to Fabien Pinckaers (including Tweeting) to help - there was a flurry of attention and then it all just died.

A few months before the renewal was up, I got a call from Odoo. Some poor newby college kid wanting to get some quotes on how happy we were. After telling him the situation, his comment was something along the lines of, "Yeah, upper management just doesn't care about the clients." His words - not mine.

Ultimately, we wasted about $20k worth of capital and about 18 months learning these realities. Review collected by and hosted on G2.com.

Odoo has wide range of applications available. Also very much customizable. Odoo implementations have maximum success rate as well as easy to use. Here is detailed explained link to Odoo accounting apps https://www.bistasolutions.com/resources/blogs/odoo-accounting-application/ Review collected by and hosted on G2.com.

Its very complex. Not really have anything to dislike odoo accounting. Review collected by and hosted on G2.com.

Accountants can share information in Contact and some other modules with sales and operation teams. Review collected by and hosted on G2.com.

It takes professional IT engineers to make lots of setting and configuration on the background before you can use some of its features, for example, sales invoice, remittance advice, displaying attachments on invoice/bill pages, etc. Review collected by and hosted on G2.com.

It is a very easy system and its modules are complete Review collected by and hosted on G2.com.

The reports cannot be analyzed by a specific account, they are generated in a general way Review collected by and hosted on G2.com.

The simplicity of the software, it does what it's supposed to do. Review collected by and hosted on G2.com.

It does lack some ability to customize but this prevents you from practicing bad accounting habits. Review collected by and hosted on G2.com.

Lots of reports. The workflow of each transaction from the draft state up to the paid state is really good. Review collected by and hosted on G2.com.

Too many fields which I think can be more simplified. The way the transactions are listed while reconciling bank entries is quite confusing and cumbersome. Review collected by and hosted on G2.com.

me gusta que se en línea y que los módulos sean independientes con resultados enlazados Review collected by and hosted on G2.com.

Que los procesos no vienen definidos y se deban programar a los gustos del usuario, eso da problema porque el desarrollo es mas largo, si ya viniera condicionado por las practicas contables generales sería mas cómoda la implementación Review collected by and hosted on G2.com.

Starting with a dashboard, show me everything my team need in order to have a great working flow. Review collected by and hosted on G2.com.

I am in México and the sales report are in my currency, eved my main transactions are in USD Review collected by and hosted on G2.com.

invoicing , reporting and reconciliation Review collected by and hosted on G2.com.

maybe we need to add some collection management integrated with accounting to track our receivables doing the using invoicing is not enough Review collected by and hosted on G2.com.

THE PRICE AND FUNCTIONALITIES, THE FACT THAT IT WORKS FOR MEXICO INVOICING Review collected by and hosted on G2.com.

SOMETIMES IT'S DIFFICULT TO CUSTOMIZE OR CONFIGURE SOME OPTIONS Review collected by and hosted on G2.com.

It's nice to have a centralized and integrated accounting hub - previously all of our accounting data was spread out or on paper. Review collected by and hosted on G2.com.

If you can call this a dislike, convincing colleagues to convert their separate accounting entries to the unified Odoo Accounting entries. Review collected by and hosted on G2.com.

I like that it is easy to understand and use and that it can be accommodated to my business Review collected by and hosted on G2.com.

I don't like that hy some complex to configure Review collected by and hosted on G2.com.

modules easy to use and undersand for accounting process. we have used accounting module since 5 years. Review collected by and hosted on G2.com.

changes between versions make hard upgrade process. There is few documentation and functional use cases available Review collected by and hosted on G2.com.

Studio

Reset to draft feature

Export to Excel

Easy to teach yourself

Easy and quick setup-implementation

Flexible subscription based software

Nice apps Review collected by and hosted on G2.com.

Assets in Accounting app was not developed by someone who has been an accountant

Technical support is useless

Lack of knowlegeable consultants (beyond literal technical responses) internal/external for the implementation; learning was trial and error plus Youtube. External consultants recommended were terrible. Our sales account manager is an idiot and not very responsive. Our project manager is very nice and has technical knowledge but lacks practical experience using ERPs. Review collected by and hosted on G2.com.

All other Odoo modules are 100% integrated with accounting, any change in the modules it is reflected in Accounting Review collected by and hosted on G2.com.

Some Mexican accounting functionalities are still WIP Review collected by and hosted on G2.com.

I like that the accounting system interacts with our sales side, and CRM, and all other apps. We moved to the system to consolidate three other previous software programs. Review collected by and hosted on G2.com.

Parts of the system are quirky. The program was developed by computer techs, not by accountants. So parts of the functionality doesn’t function like other accounting software would. Review collected by and hosted on G2.com.