Traditionally, accounting used to be treated as an unexciting and time-consuming process. The latest developments in technology haven’t only simplified accounting but also made it more efficient. Today, software programs such as QuickBooks and Odoo offer features that most accountants have always wished for. How do these applications work? Which one can drive more success to your business? How to choose one between them? Let’s draw a QuickBooks vs Odoo comparison and find out the answers to these questions.
Why Accountants Prefer QuickBooks?
QuickBooks is a business accounting software package designed to help you manage your books anytime you wish. It allows you to create access privileges, enabling your colleagues and accountants to log in and work simultaneously. The software offers packages that can be installed locally or accessed online. Desktop applications such as QuickBooks Enterprise are a more robust alternative to online services and have features to help you solve the most complex aspects of accounting. QuickBooks features streamline processes such as income and expense tracking, invoicing, billing, banking, payroll, and warehouse management.
What Is Odoo?
Odoo is open-source software with different versions that can be installed locally and hosted in the cloud. Odoo offers customized solutions to solve various SME needs. The software has a modular approach and provides a number of apps to carry out a variety of business functions. This can help growing businesses to start with limited features and add more as their needs evolve. The key features of Odoo Accounting include bank synchronization, bills and expense management, invoicing, reconciliation, and more.
What Are the Major Differences Between QuickBooks and Odoo?
While QuickBooks and Odoo have a vast range of features for small and medium businesses, both software programs also have their own unique advantages. Odoo is open source, which allows you to write your own script or install supported plugins to enhance its functionality. On the other hand, QuickBooks supports hundreds of third-party and native integrations for improved performance. Odoo has a simple interface to help you easily perform various tasks, while the QuickBooks interface is intuitive to ensure an efficient user experience. Unlike QuickBooks, Odoo lacks features for payroll, which can make QuickBooks more desirable for businesses that want various services clubbed together in a single hub.
Which One of Odoo and QuickBooks Is the Right Solution for Your Business?
Odoo is a unified business software that offers a comprehensive toolset for automating various business processes. It offers tightly integrated apps to help businesses run smoothly and efficiently. It also has a module for accounting and related services. In contrast, QuickBooks is accounting software specifically designed to solve complex money matters of all types of businesses. As QuickBooks features are focused on tracking and managing transactions with customers, vendors, employees, and more, you find better features for accounting in QuickBooks as compared to Odoo, for example, payroll. If you are looking for business management software with capabilities for project management, sales and marketing management, business communication, and HR, Odoo can be your choice. However, if you are looking for accounting-specific software, QuickBooks can be the right fit.
Why Cloud-Hosted Solutions Perform Better Than Their Desktop Counterparts?
Cloud hosting preserves all the features of your software and delivers it via the internet to ensure greater flexibility and scalability, enabling you to work from anywhere, on any device. As an Intuit Authorized QuickBooks Host, Apps4Rent hosts your QuickBooks solutions on a virtual desktop. We can also help you with Odoo cloud hosting with all its functionality intact. With robust SSAE compliant data centers and Azure, Apps4Rent provides a reliable and secure environment for your software applications. Contact our hosting experts to discuss your requirements and various hosting plans. We are available 24/7 via phone, chat, and email to assist you.