Odoo Accounting vs LumaTax Comparison

87% 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

Get Free Advice

71% 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

LumaTax

Accounting Software

Get Free Advice

Overview

Description

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

LumaTax has developed an economic nexus analysis tool that automates the complexity of analyzing transactions against varying state thresholds to determine whether nexus has been established in each taxing jurisdiction. Finally, an all-in-one solution to help you deliver SUT compliance to your clients profitably and at scale. Our industry-first client exposure survey generates a LumaTax Compliance Score for each business to help you quickly identify those most in need of SUT advisory services and - in the process - provides you with a picture of the corresponding revenue opportunities for your firm. Get a complete picture of each clients' nexus status across the U.S. with our Nexus Overview dashboard. Read more

Pricing Options

Free Trial Available
Starts at $24.90. Offers Free-forever plan.

Free Trial Not Available
Offers Custom plan.

SW Score & Breakdown

87% 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

67%
Popularity

65%

71% 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

66%
Reviews

60%
Momentum

61%
Popularity

69%

Features

Total Features	14 Features	3 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. 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. 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 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	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. 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. 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 Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time

Technical Details

Organization Types Supported	Large Enterprises Medium Business Small Business	Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud	SaaS/Web/Cloud
Modes of Support	Business Hours Online	Business Hours Online
API Support	Available	NA

Reviews & Ratings

User Rating	3.9/5 380 user ratings	Not Available
Rating Distribution	Excellent 50.3% Very Good 24.7% Average 7.6% Poor 1.8% Terrible 15.5%	Not Available
User Sentiments	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	Not Available
Review Summary	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.	Not Available
	Read All User Reviews

AI-Generated from the text of User Reviews

Pricing

Pricing Options	Free Trial Available Starts at $24.90. Offers Free-forever plan.	Free Trial Not Available Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	One App Free Free Standard $24.90 $31.10 per user / month Custom $37.40 $46.80 per user / month	LumaTax Custom
	View Detailed Pricing	View Detailed Pricing

Alternatives

	Zoho Books 4.8 30 ratings Odoo Accounting Vs Zoho Books Xero 4.2 7,623 ratings Odoo Accounting Vs Xero Quickbooks 3.9 24 ratings Odoo Accounting Vs Quickbooks Odoo ERP 4.2 502 ratings Odoo Accounting Vs Odoo ERP Odoo CRM 4.3 121 ratings Odoo Accounting Vs Odoo CRM	Avalara TaxJar 4.6 174 ratings UltraTax CS 3.7 54 ratings AccountsIQ 4.6 60 ratings LumaTax Vs AccountsIQ autoTax 4.7 3 ratings
	View All Odoo Accounting Alternatives	View All LumaTax Alternatives