Odoo is an accounting software that helps you manage your finances accurately. Its vast feature set includes invoices, bank reconciliations, reports, and payments. It is part of Odoo ERP, which provides for multiple business-related functions such as CRM, inventory management, and project management. It is widely known for its user-friendly interface and scalability, which makes it highly suitable for small, mid-sized, and even larger enterprises.
Hire Odoo Accountants in the UK
You’ve landed at the right place if you need an Odoo accountant in the United Kingdom. We at Octa Accountants can help you find an expert Odoo accountant who can fully assist you in managing your business’s finances.
Book a Free Meeting
Contact us or use our calendar to schedule a free consultation with Octa Accountants' team. We're eager to learn about your business and its needs.
Discuss Business Needs
During our meeting, you'll have the opportunity to share your challenges while we offer tailored solutions designed to address them.
Meet Your Accountant
Once you're onboard, our team of Odoo accountants will diligently handle your accounting tasks, enabling you to focus on business growth and innovation.
Odoo Accounting Software Features
Odoo Accounting has a vast suite of features catering to all types of businesses, from small to large enterprises. Let us discuss its key features in detail:
AI-Powered Invoicing
To use this feature, you need to upload scanned PDF or image format files and let Odoo encode them automatically with the help of AI.
Reporting and Analysis
Generates financial reports, including custom reports, so business owners can analyze financial performance and make calculated decisions.
Smart Reconciliation Tool
Odoo matches up to 95% of the invoices and payments automatically, and for the remaining 5%, the intelligent reconciliation tool takes over.
Expense Management
This feature of Odoo software allows business owners to track and manage all their all kinds of business expenses in one place.
Online Payments
Odoo Accounting allows customers to pay online through multiple payment methods, such as Strip, Ogone, PayPal, Alipay, and many more.
Automatic Bank Feeds
It synchronizes all your financial statements automatically, so you won’t have to worry about anything. You just have to connect bank account.
Multi-Currency Support
Odoo Accounting offers multi-currency support for its users worldwide. You can choose from almost every currency in the world
Tax Management
Odoo accounting software helps automate tax calculations, filings, and compliance with local tax regulations/authorities.
Odo Accounting Pricing Plans
Odoo Accounting offers three different pricing plans for its customers, making it easy for them to choose one according to their desired wants and needs. Let us discuss all the pricing plans:
One App Free
$0
monthStandard
$11.20
month- All Apps
- Odoo Online
Custom
$17.00
month- All Apps
- Odoo Online
- Odoo Studio
- Multi-Company
- External API
Odoo Accounting Pros & Cons
Everything we choose has both its pros as well as cons, let’s discuss the pros and cons of Odoo Accounting Software:
Pros:
- Comprehensive Integration: Integration with other Odoo modules and third-party applications is seamless.
- Customizability: Odoo Accounting is very flexible for the user, with many customization options and configurations.
- Intuitive Interface: Odoo Accounting has a user-friendly design with a customizable dashboard.
- Automation Capabilities: It creatively eliminates the normal invoicing, reconciliation, and expense management process with its automation capabilities.
Cons:
- Complexity: The first level of learning and complicated initial setup are the main obstacles one will face.
- Cost for Advanced Features: The cost of its paid plans can be a bit higher for some startups.
Need a professional Odoo accountant who will make your life easier by managing all your business’s finances? In that case, Octa Accountants can help you as we have the best of the best accountant’s team, who can help you with all your issues related to your business’s finances and manage them seamlessly without you needing to worry about anything at all.
Book a Meeting to discuss your needs and get a fully personalised plan!
Odoo Accounting Alternatives
Evaluating any software’s alternatives before choosing one for your business is best. Let us discuss some of Odoo Accounting’s options in detail:
QuickBooks Online
QuickBooks is one of the most widely used accounting software and is extremely popular among small—and medium-sized businesses. It has several versions for different business needs, such as QuickBooks Online and QuickBooks Desktop. It has all accounting features like invoicing, expense management, bank reconciliation, reporting, etc. Its most basic plan is priced at $25 and has a limited feature set.
Xero Accounting
Xero is a cloud-based accounting software that is extremely popular among new users due to its user-friendly interface and vast feature set. It includes different tools for invoicing, bank reconciliation, expense management, and reporting. It is prevalent among small businesses and freelancers. It is priced lower than the previous alternatives at $15 per month for its most basic plan, which cuts on some of its features, unlike Odoo Accounting, which has all features even in its free plan.
Wave Accounting
Wave is also a very close alternative to Odoo Accounting; it has a vast feature set, including invoicing, bills, bookkeeping, online payments, and much more. Regarding the pricing department, it also offers a free pricing plan but cuts on some of its key features, unlike Odoo Accounting. Nonetheless, it is still widely used among small—to mid-sized businesses and freelancers.
Odoo Accounting FAQs
Here’s a list of frequently asked questions about Odoo accounting software from our web visitors.
Is Odoo Accounting suitable for my business?
Yes, Odoo Accounting suits all businesses, from small to large enterprises.
Can I customize Odoo Accounting according to my needs?
Yes, Odoo Accounting is fully customizable to cater to specific business requirements. Users can easily customize their workflows and integrate third-party applications.
Is there any support available for Odoo Accounting?
Yes, Odoo offers full customer support for any queries users might have related to the software.
Can I import data from my existing software to Odoo Accounting?
Yes, you can easily import data from your existing business to Odoo Accounting without hassle.
Does Odoo Accounting have any special security measures for the safety of their user’s data?
Yes, Odoo takes security and data privacy seriously, providing high-level encryptions, regular security updates, and compliance with data protection regulations.
Does Odoo offer any training for new users?
Yes, Odoo provides multiple resources to support its users who are just getting started with Odoo Accounting, including video tutorials and online documentation.
Ready for next step?
Are you ready to take your business to new heights? Contact the experts today to hire dedicated Odoo accountants in London or any part of United Kingdom.
