Xero vs Odoo Accounting Comparison

98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Xero

Accounting Software

4.3 6,914 user ratings

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85% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Odoo Accounting

Accounting Software

3.9 380 user ratings

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Overview

Description	Xero is an award-winning online accounting software for small scale businesses. Xero offers a variety of features to make your business function smoothly and efficiently. The software handles all the accounting transactions effectively. It permits unlimited users to get online at a time and work in collaboration over data which is accessible through a single ledger. Xero also provides Bank Reconciliation services by importing the various transactions from your bank accounts and matching them with your cash-book. Business finances and cash-flow statements are updated on a real-time basis, helping you to keep a track of all your expenses and transactions. Read more	Odoo Accounting as an intuitive accounting software comprises a variety of essential tools for growing businesses. For starters, a beautifully designed user interface greets all users, allowing them to navigate without hassles. Users can keep a track of their matters of interest and receive real-time notifications regarding the same. Since Odoo Accounting is accounting redefined, automation reduces a lot of actual paperwork that were previously required to prepare invoices, print them and maintain a record of bank statements as well. Further, payments with several invoices can be reconciled using an option for the same on the payment form. Odoo invoices for customers are detailed with essential inclusions like payment terms, service taxes and discounts, besides being compatible with multiple payment modes at the same time. Moreover, the Odoo pivot table provides real-time business insights and allows users to navigate through relevant information and multiple standard tables for a clear overview. Read more
Pricing Options	Free Trial Available Starts at $4.5.	Free Trial Available Starts at $24.90. Offers Free-forever plan.
SW Score & Breakdown	98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 98% Reviews 98% Momentum 69% Popularity 97%	85% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 95% Reviews 81% Momentum 60% Popularity 64%
SaaSworthy Awards	# 2 Most Worthy # 6 Fastest Growing	Not Available

Features

Total Features	16 Features	14 Features
Common Features for All	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 13 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 11 More - Show Less

Technical Details

Organization Types Supported	Freelancers Large Enterprises Medium Business Small Business	Freelancers Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS	SaaS/Web/Cloud Mobile - Android Mobile - iOS
Modes of Support	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	Available	Available

Reviews & Ratings

User Rating	4.3/5 6,914 user ratings	3.9/5 380 user ratings
Rating Distribution	Excellent 67.7% Very Good 14.9% Average 4.5% Poor 3.1% Terrible 9.9%	Excellent 50.3% Very Good 24.7% Average 7.6% Poor 1.8% Terrible 15.5%
User Sentiments	User Friendly Interface, Extensive Integrations, Automated Bank Feeds, Comprehensive Reporting Unreliable Bank Feeds, Slow Support Response Times, Limited User Permissions, Lack of Phone Support	User-Friendly Interface, Comprehensive Accounting Features, Extensive Integrations, Efficient Financial Management Inadequate Customer Support, Complex Customization Process, Software Bugs and Glitches, Limited Multi-Currency Support
Review Summary	User reviews of Xero are mixed. While many praise its ease of use, seamless integration with other platforms, and robust features for small businesses, they often express frustration with unreliable bank feeds, slow customer support response times, and lack of essential functionalities. Some users find the new invoicing system cumbersome, while others appreciate the help provided by Xero's support team, especially when it comes to technical issues. Overall, Xero is a powerful accounting software for small businesses but has drawbacks in its customer support and recent feature updates.	Users appreciate Odoo Accounting's user-friendliness, customization options, and the comprehensive suite of accounting features. It integrates seamlessly with other Odoo modules, enabling efficient management of various business aspects. Additionally, users value the strong customer support provided by Odoo. However, some users have reported issues with the accuracy of financial reports, occasional glitches, and the need for improvement in inventory management capabilities. Overall, users find Odoo Accounting to be a reliable and feature-rich accounting solution for businesses of all sizes.
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Pricing

Pricing Options	Free Trial Available Starts at $4.5.	Free Trial Available Starts at $24.90. Offers Free-forever plan.
Pricing Plans Monthly Plans Annual Plans	Early $4.50 $4.50 per month Growing $12.60 $12.60 per month Established $23.40 $23.40 per month	One App Free Free Standard $24.90 $31.10 per user / month Custom $37.40 $46.80 per user / month
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Alternatives

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	View All Xero Alternatives	View All Odoo Accounting Alternatives