Odoo Accounting

Move to the fastest online Accounting App and keep your Books Organized!

Video of Odoo Accounting Schedule Demo

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Overview: Odoo Accounting App

Manage, Monitor, and Analyze your figures to grow your business
Odoo didn’t trade intuitiveness for versatility; its accounting software covers all the accounting essentials offering ease of use.

The Odoo Accounting app enables financial efficiency for your business providing you access to the most flexible dashboards, reports, analytics, high-level overviews, or specific business activity.

Accounting in Odoo supports multi-language, multi-currency, and multi-company, so users can easily manage international or distributed business units/subsidiaries with real-time knowledge and visibility.

Moreover, Odoo’s cloud-based platform enables your staff to access everything from anywhere on the go, offering fine-grained controls, robust authentication, and encryption.

Odoo Accounting Core Features

Upload your scanned PDF or image format files to vendor bills, and Odoo’s OCR and AI technologies will encode and automatically generate their invoices.

Odoo sends emails, follow-up letters, and tasks automatically to save your hassles for the credit collection process.

Odoo Accounting app automatically matches 95% of invoices and payments, and the smart reconciliation tool does the remaining 5% super-fast.

Odoo Accounting automates everything for you- invoice printing/sending, bank statement registration, payment follow-up, and more saving your time and manual efforts.

Odoo accepts payment through QR code scanners with customers’ banking app.

Odoo Accounting sends automated alerts to your Salesperson when contracts need to be renewed.

With automated reconciliation, you can speed up the accounting process by automatically syncing your financial data, like bank statements in Odoo.

Odoo Accounting supports online payment through credit cards and gateways like Authorize.net, Ingenico, PayPal, Adyen, etc.

Create your own payment flows with optional validation steps.

Odoo lets you generate region-specific statements such as Intrastat reports, VAT statements, P&L/BS of the country, listing of VAT-subjected customers, etc.

Odoo supports 15,000 banks across the globe, so you can sync your bank feeds automatically from the bank to the system.

Odoo keeps track of every cash transaction with opening and closing.

Multiple standard reports are available to analyze Profit & Loss, cash flow statements, cash reports, aged payable/receivables, etc. Odoo also offers standard reports and chart of accounts for 80+ countries. All of these could be exported to Excel and PDF.

Odoo Accounting allows you to create your own dashboards by assembling custom reports for any period using filters and dynamic calculations for specific fields.

Now you don’t need to report balance sheet accounts into the next fiscal year as Odoo performs automatic calculation of Profit and Loss for chosen dates, all you need to do is write the handling of earnings for closure.

Odoo Accounting supports a wide range of tax computations- price included/excluded, percentage, grid, tax on taxes, partial exemptions, etc.

Get a clear overview of overdue payments and treasury forecasts.

Your current year earnings are automatically reported to your balance sheet without you having to close/open fiscal years.

Odoo offers a standard Payroll module or flexibility to integrate with an external payroll provider, which automates the recording of payroll.

Odoo Accounting supports multi-currency, multi-companies, multiple users, and multiple journals. You can get updated currency rates daily, automate business flows with inter-company rules, offer different access rights, and organize documents into several journals, respectively.

While creating invoices, Odoo quickly highlights outstanding invoices so you can see if a customer is paying bills on time, thereby avoiding late fees.

Odoo uses your past expense data to estimate your company's future bills to pay.

Based on the Google Material Design trend, Odoo Accounting offers a fast and modern user interface with an easy setup and configuration progress bar.

Odoo Accounting lets you create invoices that are easy to build, fully featured, and customizable.

Get accounting entries automatically produced based on timesheets, supplier bills, work orders, etc.

Leverage closing, historical, average exchange rates, or data from other financial systems and combine financial information from multiple companies to generate consolidated statements.

Track inventory to asset, generate periodic depreciation statements and automatically update asset register in just a few clicks.

Review multi-year contracts, automate deferred revenue entries, and get recurring revenues on dashboards to help your business with financial projections.

Connect Google spreadsheet to Odoo SaaS and automatically pull data from Odoo to create your dashboard in your Spreadsheet.

Apply the correct tax rates in real time for every state, city, and special jurisdiction in the United States.

Use the Built-in import-export tool to mass import or export through excel sheets.

Odoo's Accounting customer portal lets customers change their plans, order upgrades, or downgrade/unsubscribe.

98% Accurate AI-powered Invoice Recognition. Ready to See it First-hand?

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Why choose Odoo for Accounting?

Fully Integrated with other Odoo App

Stop recording transactions manually; Odoo Accounting system is fully integrated with Inventory, Sales, Purchases, Projects, and Documents to increase financial efficiency.

Get Paid Faster

With a convenient customer portal, automated follow-ups for payment, multi-currency support, and multiple payment providers, Odoo ensures you get paid in less time.

Analyze your figures to grow Your business

Odoo offers instant, generic, dynamic reports to allow you to manage your financial and legal statements accurately.

Fiscal Localization Packages

Odoo Accounting supports 70+ localization packages, explicitly pre-configured for your country’s- charts of accounts, taxes, electronic invoicing, and fiscal positions to apply the right tax rates and accounts automatically.

Accounting for Fiduciaries

Odoo integrates the Documents app to deliver information thoroughly and effectively with effortless document management, a detailed client dashboard, and a collaborative system for unlimited users.

AI-powered Invoice Automation

Odoo’s AI system recognizes the document’s layout and grabs appropriate data to process the vendor bills. You can also scan multiple bills/documents at once with AI-powered Invoice automation and image and metadata recognition through the OCR engine.

How will Aktiv help you with Odoo Accounting Implementation?

We have helped customers like you in Odoo Accounting erp software implementation to help them manage daily accounting activities with proper configuration across the system.

Be it managing a Chart of accounts, Journals, Assets, Taxes, Fiscal Position, Fiscal year, Bank and payment configuration, Report Configuration, or any sort of customizations we manage it all for your business on Odoo.

Contact our Certified Odoo Consultants to talk about your Accounting needs.

60+

Odoo?Professionals

Certified

Odoo?Consultants

500+

Odoo?Implementations

15+

Industries?Served

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FAQ's

Creating and sending invoices.
Forming quotes and estimates
Recording expenses
Completing tax returns
Keeping a check on the cash flow or profit and loss
Automating manual data entries
Creating budgets and forecasts

Yes, Odoo Accounting supports US GAAP standards.

Yes, Odoo supports multiple currencies with live exchange rates.

Odoo supports leading payment providers like Stripe, Authorize.net, Ogone, PayPal, Adyen, Alipay, and many more.

You can easily import/export data to and from the Odoo Accounting app.

Odoo lets you track assets, depreciation boards and generate amortization entries automatically in just a few clicks.

Customer Success Stories

Not to flex, but these are some Real results. Real wins.

4.7

is our

average

Aktiv Software Pvt. Ltd. followed up on the project as promised.

Bjorn-Midtlien

Bjorn Midtlien

CEO, Digitus Nordic AS

Rather than focusing on short-term fixes, their approach is pragmatic, focused on sustainable, long-term results.

Kasper-G

Kasper G

Owner, Nordic by Choice

Their solution has helped us reduce our project managers' time for invoicing from a week to two days.

Kateryna-Mykhailenko

Kateryna Mykhailenko

Manager, ToxMinds

On a scale of 1-10, we would rate Aktiv’s partnership as 11.

Fabrice Beaux

CEO, InterHyve Sàrl

About Us

Aktiv is Odoo certified partner offering end-to-end implementation services.

We don’t just implement ERP, we bridge the gap between technology and your workforce, ensuring smooth adoption, empowered employees, and maximized ROI.

With over 10+ years of experience implementing Odoo for SME and Enterprise clients, we know how to assist you in your digital transformation journey. It’s what we do the best!