Odoo Accounting vs MYOB 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

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94% 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

MYOB

Accounting Software

3.8 240 user ratings

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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

MYOB is designed locally, for local businesses, working with the ATO so you’re always up-to-date. The software tracks when clients receive and open your invoices. Manage bills and expenses, then pay staff in just a few clicks. Stay up-to-date with tax as you go: no more scrambling. You can work with your accountant or bookkeeper in the software, wherever you are. Automatically update your tax tables, calculate your GST, PAYG and run reports for your BAS. Clients can use a credit card to pay directly from your invoices no fuss. Even managing customers and suppliers is a piece of cake. Read more

Pricing Options

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

Free Trial Not Available
Starts at $5.00.

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%

94% 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

100%
Reviews

82%
Momentum

69%
Popularity

92%

Features

Total Features	14 Features	17 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 + 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. 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 + 14 More - Show Less

Technical Details

Organization Types Supported	Individuals Large Enterprises Medium Business Small Business	Individuals Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac
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	3.9/5 380 user ratings	3.8/5 240 user ratings
Rating Distribution	Excellent 50.3% Very Good 24.7% Average 7.6% Poor 1.8% Terrible 15.5%	Excellent 50% Very Good 18.8% Average 8.8% Poor 3.3% Terrible 19.2%
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	Live Chat Support, Helpful Customer Service, Easy to Use, Comprehensive Reporting Software Bugs, Poor Bank Feed Integration, Inadequate Mobile App, Outdated User Interface
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.	Users appreciate the user-friendly interface, extensive features, and ease of use for various business functions, including accounting, invoicing, inventory management, and payroll. MYOB's customer support is praised for its responsiveness and helpfulness. Some users have reported occasional glitches and technical issues, as well as concerns about pricing transparency and the need for additional training resources. Overall, MYOB is considered a reliable and comprehensive solution for small business management, offering a wide range of features and generally positive user experiences.
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Pricing

Pricing Options	Free Trial Available Starts at $24.90. Offers Free-forever plan.	Free Trial Not Available Starts at $5.00.
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	MYOB Business Lite $5.00 $5.00 per month MYOB Business Pro $8.00 $8.00 per month MYOB Business AccountRight Plus $70.50 $70.50 per month MYOB Business AccountRight Premier $88.50 $88.50 per month MYOB Business Payroll Only $9.00 $9.00 per month
	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	Xero 4.2 7,623 ratings MYOB Vs Xero Quickbooks 3.9 24 ratings MYOB Vs Quickbooks Reckon One 4.3 25 ratings MYOB Vs Reckon One Freshbooks 4.3 3,302 ratings MYOB Vs Freshbooks QuickFile 4.8 2,696 ratings MYOB Vs QuickFile
	View All Odoo Accounting Alternatives	View All MYOB Alternatives