Odoo
Created to disrupt the enterprise landscape, Odoo has become one of the most popular business solutions. With 82+ business apps fully integrated, it caters to every sector and company size.
Comparison Guide
Odoo vs Xero: Which Accounting Solution is Right for Your Business?
A comprehensive comparison of features, pricing, usability, and integration capabilities.
Historically, accounting has been considered as a dull and unexciting aspect of business. Nonetheless, as a business evolves, the accounting department will become arguably one of the most important components for its success.
In this page, we have chosen to compare the biggest players on the market, namely Odoo to Xero. For a balanced comparison, we have compiled a table outlining the essential features an accounting software should encompass.
Comparison Categories
- General Accounting
- Accounts Receivable
- Accounts Payable
- Bank & Cash
- Extras
- Reporting
Odoo vs Xero: Company Overview
Xero
Originated in New Zealand in 2006, Xero has grown to accommodate both European and US markets. In 2014, Xero was featured on Forbes 100 Most Innovative Growth Companies.
Odoo vs Xero: Key Statistics
Understanding the scale and reach of each solution.
Odoo Statistics
12+ million users · 44,000+ apps · 5,000+ partners · 3,600+ employees
Xero Statistics
3+ million users · 400+ apps · 10,000+ partners · 5,000+ employees
General Accounting Features Comparison
Comparing core accounting capabilities across both platforms.
Multi-Currency
Odoo: ✓ | Xero: ✓
Consolidation
Odoo: ✓ | Xero: ✗
Multi-User
Odoo: ✓ | Xero: ✓
Access Rights per Screen
Odoo: ✓ | Xero: ✗
Supported Countries
Odoo: 80+ | Xero: 5
Number of Languages
Odoo: 85 | Xero: 1
API Availability
Odoo: ✓ | Xero: ✓
Customer Portal
Odoo: ✓ | Xero: ✗
Accounts Receivable Features Comparison
Comparing invoicing, payments, and customer management capabilities.
Proforma Invoices
Odoo: ✓ | Xero: ✗
Multiple Taxes per Line
Odoo: ✓ | Xero: ✗
Pricelists
Odoo: ✓ | Xero: ✗
Configurable Email Templates
Odoo: ✓ | Xero: ✓
Credit Card Payments
Odoo: ✓ | Xero: ✓
Automated Recurring Invoices
Odoo: ✓ | Xero: ✓
Automated Follow-up Letters
Odoo: ✓ | Xero: ✓
Subscription Upsell / Renewal
Odoo: ✓ | Xero: ✗
Accounts Payable Features Comparison
Comparing vendor bill management, payments, and expense capabilities.
Billing Control
Odoo: ✓ | Xero: ✗
Purchase Agreements
Odoo: ✓ | Xero: ✗
Bills OCR Recognition
Odoo: ✓ | Xero: ✗
Learning Intelligence (AI)
Odoo: ✓ | Xero: ✗
Vendor Payments
Odoo: ✓ | Xero: ✓
Employee Expenses Report
Odoo: ✓ | Xero: ✓
Assets Management
Odoo: ✓ | Xero: ✓
Automated Wire Transfer (SEPA)
Odoo: ✓ | Xero: ✗
Bank & Cash Features Comparison
Comparing banking integration, reconciliation, and cash management.
Bank Interfaces
Odoo: ✓ | Xero: ✓
Import Statements: QIF, OFX, CSV
Odoo: ✓ | Xero: ✓
Automated Rules
Odoo: ✓ | Xero: ✓
Bank Reconciliation Reports
Odoo: ✓ | Xero: ✓
Automated Currency Rate Update
Odoo: ✓ | Xero: ✓
Extras Features Comparison
Comparing additional capabilities like analytics, budgets, payroll, and valuation.
Analytic / Cost Accounting
Odoo: ✓ | Xero: ✓
Multi-Level Analytic Accounting
Odoo: ✓ | Xero: ✗
General Budgets
Odoo: ✓ | Xero: ✓
Payroll
Odoo: ✓ | Xero: ✓
Standard Price
Odoo: ✓ | Xero: ✗
FIFO
Odoo: ✓ | Xero: ✗
Reporting Features Comparison
Comparing reporting capabilities and analytics tools.
Profit & Loss
Odoo: ✓ | Xero: ✓
Balance Sheet
Odoo: ✓ | Xero: ✓
Cashflow Statement
Odoo: ✓ | Xero: ✓
Pivot Table on Multiple Dimensions
Odoo: ✓ | Xero: ✗
Customizable Reports
Odoo: ✓ | Xero: ✓
Customizable Dashboards
Odoo: ✓ | Xero: ✓
Customizable KPIs
Odoo: ✓ | Xero: ✓
Tax Audit Report
Odoo: ✓ | Xero: ✓
Usability, Pricing & Conditions
Comparing user experience, pricing, and satisfaction ratings.
Pricing (Monthly)
Odoo: Free (Community) | Xero: $30 (Standard Plan)
Number of Users
Odoo: Unlimited | Xero: 5 (Standard Plan)
Contract Duration
Odoo: Monthly & Yearly | Xero: Monthly
Free Trial
Odoo: ✓ | Xero: ✓
Rating on g2Crowd
Odoo: 4.3/5 | Xero: 4.3/5
Rating on Capterra
Odoo: 4.1/5 | Xero: 4.4/5
Navigation and Search
Odoo: 5/5 | Xero: 5/5
Mobile App
Odoo: 4/5 | Xero: 5/5
Different Solutions, Different Needs
Odoo is a robust solution addressing a wide range of business needs, extending beyond accounting functions. The platform is designed to streamline operations and replace the need for disjointed, non-integrated software applications. Odoo shines as a highly customizable, all-in-one solution with a multitude of applications.
Xero is considered to be an out-of-the-box solution. It offers specialized accounting software but lacks more advanced features. It doesn't provide an all-in-one solution for businesses aiming to extend beyond accounting. However, Xero offers comprehensive estimating and invoicing, allowing users to quickly generate precise invoices.
In terms of user-friendliness, Odoo provides intuitive interfaces, making the solution suitable for users with diverse technical backgrounds. The straightforward setup ensures a hassle-free experience for every business.
Xero, on the other hand, is considered less user-friendly and can be challenging to set up. Its interface might require more time and effort for users to become familiar with.
Conclusion
Ultimately, the choice depends on your organization's unique needs, scale, and the balance needed between customization, ease of use, and setup.
If you are in search of a specialized accounting solution, then Odoo and Xero could be a good fit. With their advanced accounting features, these systems are particularly well-suited for complex accounting environments.
If you have more extensive requirements, you may find Odoo as the most appealing solution. Its advanced features can accommodate any process. The possibilities in terms of customization and the extensive suite of integrated business applications make it the best solution for businesses with requirements beyond accounting.
Furthermore, Odoo excels in user-friendliness and ease of setup, making it a suitable choice for small and medium-sized businesses.
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