Odoo is a fully-integrated, customizable, and open-source suite of business applications. A majority of the business needs such as CRM, Sales, Project, Manufacturing, Inventory, and Accounting are met through this all-in-one software solution designed for every company, regardless of size and budget.
Xero is a cloud-based small business accounting software with tools for managing invoicing, bank reconciliation, inventory, purchasing, expenses, bookkeeping & more.
Feature comparison
GENERAL ACCOUNTING
| General Scope | Odoo | Xero |
|---|---|---|
| Multi-Currency | ||
| Multi-Company Consolidation | ||
| Multi-User | ||
| Multiple Journals | ||
| Multi-Language Support | ||
| Supported Countries | 40 | 4 |
| Access Rights | Odoo | Xero |
|---|---|---|
| Access Rights per Screen | ||
| Access Rights per Field | ||
| Customizable Validation Steps |
| Third Party-Integration | Odoo | Xero |
|---|---|---|
| Availability of an API | ||
| Google Spreadsheet Integration | ||
| Import: Excel or CSV | ||
| Export: Excel or CSV | ||
| Customer Portal |
ACCOUNTING & FINANCE
| Customer Invoices | Odoo | Xero |
|---|---|---|
| Proforma Invoices | ||
| Multiple Taxes per Line | ||
| Discounts | ||
| Pricelists | ||
| Multi-Step Payments Terms | ||
| Outstanding Payments Reconciliation | ||
| Emails Discussion as Attachment on Invoice | ||
| Congruable Email Templates |
| Send Invoices | Odoo | Xero |
|---|---|---|
| Generate a PDF Invoice | ||
| Batch Send Invoices by Email | ||
| Post Invoices by Standard Mail |
| Customer Statements | Odoo | Xero |
|---|---|---|
| Aged Receivable Balance | ||
| Per Customer Statements | ||
| Automated Follow-up Letters | ||
| Automated Follow-up Actions | ||
| Unpaid Fees and Penalties | ||
| Third-Party Debts Recovery |
| Online Payments | Odoo | Xero |
|---|---|---|
| Credit Cards | ||
| PayPal |
| Recurring Revenues | Odoo | Xero |
|---|---|---|
| Automated Recurring Invoices | ||
| Contracts/ Subscriptions Management | ||
| Recurring Business KPI | ||
| Alerts for Contract Renewal | ||
| Miscellaneous | Odoo | Xero |
|---|---|---|
| Automated COGS Entries | ||
| Automated Deferred Revenues |
ACCOUNTS PAYABLE
| Vendor Bills | Odoo | Xero |
|---|---|---|
| Billing Control | ||
| Multiple Taxes per Line | ||
| Purchase Agreements | ||
| Multi Step Payment Terms |
| Vendor Payments | Odoo | Xero |
|---|---|---|
| Aged Payable Report | ||
| Print Checks | ||
| Automate Wire Transfers | ||
| ACH Transfers |
| Expenses | Odoo | Xero |
|---|---|---|
| Employee Expenses Report | ||
| Expenses Validation Flow |
| Miscellaneous | Odoo | Xero |
|---|---|---|
| Asset Management |
BANK & CASH
| Bank Statements | Odoo | Xero |
|---|---|---|
| Bank Interfaces | ||
| Import Statements: QIF | ||
| Import Statements: OFX | ||
| Import Statements: CSV | ||
| Import Statements: Coda | ||
| Import Statements: Camt.053 | ||
| Deposit Tickets |
| Miscellaneous | Odoo | Xero |
|---|---|---|
| Bank Reconciliation Reports | ||
| Automated Currencies Rate Update |
EXTRAS
| Analytic Accounting / Grouping | Odoo | Xero |
|---|---|---|
| Analytic/Cost Accounting | ||
| Multi-Level Analytic Accounting | ||
| Multiple Plans | ||
| Optional Tags per Entry |
| Budgets | Odoo | Xero |
|---|---|---|
| General Budgets | ||
| Analytic Budgets |
| Valuation | Odoo | Xero |
|---|---|---|
| Standard Price | ||
| Average Price | ||
| FIFO & LIFO | ||
| Perpetual Inventory Valuation |
| Payroll | Odoo | Xero |
|---|---|---|
| Payroll |
REPORTING
| Reports | Odoo | Xero |
|---|---|---|
| Pivot Table on Multiple Dimensions | ||
| Customisable Reports | ||
| Customisable Dashboards | ||
| Annotate Reports | ||
| Customisable KPI’s | ||
| Predefined Executive Summarys | ||
| Perpetual Fiscal Year Closing |
| Legal Statements | Odoo | Xero |
|---|---|---|
| Profit & Loss | ||
| Balance Sheet | ||
| Cashflow Statement | ||
| General Ledger | ||
| Tax Reports | ||
| Tax Audit Report |
Source:Â https://www.odoo.com/
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