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Feature comparison: Odoo vs QuickBooks
This table is based on a detailed comparison of the functionalities offered by Odoo (version 16, with version 17 coming in November) and QuickBooks.
| Features | Odoo | QuickBooks |
|---|---|---|
| General accounting | ✔️ Complete with journals, balance sheets, etc. | ✔️ Basic functions with journals and balance sheets |
| Customer accounts | ✔️ Advanced customer and invoice management | ✔️ Customer and invoice management |
| Accounts payable | ✔️ Detailed supplier and payment tracking | ✔️ Supplier and payment tracking |
| Banking and treasury | ✔️ Bank integration, automatic reconciliation | ✔️ Bank integration with manual reconciliation |
| Inventory management | ✔️ Advanced inventory management with real-time tracking | ❌ Limited functionality |
| CRM and sales | ✔️ integrated CRM with lead and opportunity tracking | ❌ Absent |
| E-commerce | ✔️ Integrated e-commerce platform | ❌ Absent |
| Reports | ✔️ Detailed, customizable reports | ✔️ Basic reports |
| Integrations | ✔️ Wide range of integrations and APIs available | ✔️ Limited integration |
| Bank reconciliation | ✔️ Intelligent reconciliation tool with automatic reconciliation proposals | ✔️ Simple with manual correspondence |
| Billing | ✔️ Integrated with other applications such as inventory management | ✔️ Simple, user-friendly interface |
| Expense tracking | ✔️ Integrated accounting with advanced reporting | ✔️ Receipt scanning, recurring expenses |
| Fixed asset management | ✔️ Configure your asset models and impairment management | ✔️ Asset monitoring and impairment calculations |
| Fund accounting | ✔️ Tracking funds and monitoring budget restrictions | ✔️ Tracking revenues and expenses for various funds |
| Payroll management | ✔️ Time and attendance, leave management | ✔️ Basic payroll functions |
| Purchase order management | ✔️ Integrated supplier management and integration with other modules | ❌ Absent |
| Invoice scanning | ✔️ Uses OCR and artificial intelligence technologies to automatically encode your documents | ❌ Absent |
| Adjustments | ✔️ Automatically distributed to reflect your deferred income and expenses | ❌ Absent |
| Tax localization packages | ✔️ Conforms to your country's requirements, including the Standard Chart of Accounts, based on GAAP principles. | ❌ Absent |
Our team sets up your accounting in Odoo
Odoo's Accounting application lets you efficiently monitor your company's financial situation.
Easy to use, accessible via a 100% web interface from anywhere in the world, Odoo's Accounting module will transform your day-to-day business. To make it as easy as possible for you to get started, our TSC agency offers you full training on the tool, with our Accounting specialist. We'll guide you step-by-step through the discovery and use of the module, so you can grow your business simply and effectively.
With Odoo, discover powerful solutions to boost your sales:
Synchronization
bank
Automatically synchronize your bank statements with your bank or import your files manually.
Billing
automatic
Generate and send clear, professional invoices at the click of a button. Easily manage customer payments and automate reminders after due dates.
Visibility
on your stock
Synchronize all your transactions with your inventory in real time, and keep your estimates up to date.
Management
your expenses and invoices
Control your company's expenses and upcoming invoices at a glance. Odoo simplifies your day-to-day management.
Reconciliation
simplified accounting
Save precious time and draw up an accurate financial statement for your company, automating up to 95% of your reconciliations.
Reports
clear financial
Get useful statistics and create more transparent, accurate financial reports.
More than just accounting software
Perfectly integrated into the Odoo ecosystem, the Accounting application is interconnected and works in synergy with the other applications (Sales, Inventory, etc.). Go from quotation to invoicing and follow-up, in just one click! The benefits for your accounting are immediate: you limit errors and save precious time.
No more dubious integrations and distorted results, the Odoo ecosystem brings together in a single, clear and modular solution all the tools needed to solve the challenges faced by your organization.
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