Zoho Books Vs Odoo Accounting

Zoho books & odoo accounting are the top-rated accounting business solutions used by various small to large enterprises. So today, we will discuss which one is worth investing in, but before we draw a comparison between Zoho Accounting and Odoo Software, let us tell you what accounting software is and how it works together. 

Accounting software is a technology-based software that helps in handling accounts on the desktop that inculcates reporting of all transactions and balances. The operations vary on the core subject of the company; the software can handle budgeting, look after accounting tasks in various currencies and perform operations efficiently.

So let’s dig at which is better and more beneficial to implement in an organization.

Zoho Books VS ODOO BOOKKEEPING

Here we will draw a comparison between the most iconic and reliable software, Zoho Book and Odoo Accounting based on the common features and functionalities.

1. BILLING & INVOICING

Odoo Accounting: Odoo Accounting Software is an all-rounder solution that helps with invoicing to generate multiple invoices simultaneously, keep a copy of each transaction and invoice, and send them to customers separately while also managing payments.

Zoho Books: With Zoho Accounting makes invoicing easier than ever and handles their receivable amounts effortlessly, shoots customized statements to your customers, and receives payments through different modes of payments in various currencies. 

Here Zoho Books offer enhanced functionality because it provides on-the-spot receipts and automatically keeps them in the database, whereas Odoo Accounting is limited in its functions, and data needs to be saved separately.

2.TAX MANAGEMENT

Odoo Accounting: The Odoo software is fully mechanized around taxes, and they vary in different circumstances depending on the company’s locality, making sure they’re recorded accurately. Odoo’s tax engines incorporate all types of uses and computations.

Zoho Books: Zoho books’ tax implications vary from country to country, implying different percentages of tax rates, and different tax groups that can be configured according to the needs of the business, taxes are a significant part of any organization and cannot be missed.

Zoho books are highly recommended because it automatically registers different currencies and their tax implications, it adjusts the taxes without having to revise whereas with the Odoo Accounting you have to revise every country’s tax percentage separately. 

3.ACCOUNTS RECEIVABLE 

Odoo Accounting: The Dashboard in Odoo accounting has a range of information, from customer invoices, bank accounts, cash flow, cash discounts, automated organizational revenues, and edit/refunding invoices. Send invoices in different batches and keep a track of all bills easily.

Zoho Books: Managing accounts receivable is a tedious operation from making invoices to making reconciliations, the business itself faces many hindrances. Send invoices, follow up with customers, receive payments, update your accounts all of these in a heartbeat.

Zoho books is easier to manage and is better than Odoo accounting in comparison because its operations are easy and simple.

4.ACCOUNTS PAYABLE 

Odoo Accounting: Get billing automated based on the sales order, deliverable orders, time, and resources. Create invoices easily based on your pitched quotes, send invoices that look extremely professional, and automate sending copies of emails. 

Zoho Books: Keep a track of the bills your business owes to different vendors, create recurring bills and schedule them at your preferred time so no need to spend too much time every time creating the same bill over and over again.

Zoho books keep bills from different vendors so it’s easier to know who owes how much, with Odoo accounting you have to find yourself.

5.ELECTRONIC PAYMENTS

Odoo Accounting: Make electronic payments easier for your customers and businesses to make electronic invoices and activate invoice online payments, allowing customers to see their invoices online and use their preferred payment gateway that suits them.

Zoho Books: Zoho books help to generate invoices in the E-Invoicing format by ensuring all the fields being a mandate are filled, and invoices are a button away in electronic payments. The IRP creates a unique IRN invoice registration number with a special QR code for each.

Because of the unique IRN, Zoho books take the lead here in the comparison of Odoo accounting which Odoo accounting isn’t providing.

CONCLUSION

Every company has different needs, and their requirements change from time to time. The best practice is to understand the long-term goals of your company and then decipher what features your organization needs. Thus, the preferences are subjected to the needs of each consumer company. We have presented all the features that both of these software providers offer. Choose the one that fits your organization’s needs the best.