Quick, Easy, and Robust are simply the key advantages of Odoo ERP for your business. When you assess these two solutions, you will see Odoo ERP is way quicker to use and allows organizations to manage their business comprehensively. On the other hand, QuickBooks can only be used for managing accounting operations. The QuickBooks system is only a good fit for small and medium-sized businesses but Odoo is perfect for all sizes of companies, from small to large enterprises. Furthermore, the affordability of Odoo's ongoing support service is better than QuickBooks.
Odoo is an open-source platform and does not have limitations when it comes to offering robust features. It is perfect for small, medium, as well as large enterprises. Odoo ERP has two editions, Community and Enterprise; where the community is free and enterprise is paid. Furthermore, when we compare the Odoo accounting module with QuickBooks accounting software we can clearly see the difference.
|1. QuickBooks is an accounting software that takes care of all the accounting needs of a business.
|1. Odoo is not only an accounting tool but a complete ERP software that caters to all business needs.
|2. QuickBooks is available in an enterprise version and online versions (both are paid versions).
|2. Odoo is available in Community edition (free) and Enterprise edition(paid).
|3. This solution is perfect for small to midsize businesses.
|3. Odoo is best for all sizes of companies, from small to large.
|4. Key accounting features of QuickBooks are tracing and handling transactions between customers, vendors, and employees.
|4. Odoo accounting apps include bank synchronization, invoice and expense management, reconciliation, and more.
|5. It is a closed-source solution and has a small community to provide support services
|5. Odoo being an open-source platform has a large community that provides the best support services.
|Access Rights per Screen
|Access Rights per Field
|Customizable Validation Steps
|Availability of an API
|Google Spreadsheet Integration
|Import: Excel or CSV
|Export: Excel or CSV
|Multiple Taxes per Line
|Multi-Step Payments Terms
|Outstanding Payments Reconciliation
|Emails Discussion as Attachment on Invoice
|Configurable Email Templates
|Generate a PDF Invoice
|Batch Send Invoices by Email
|Post Invoices by Standard Mail
|Aged Receivable Balance
|Per Customer Statements
|Automated Follow-up Letters
|Automated Follow-up Actions
|Unpaid Fees and Penalties
|Third-Party Debts Recovery
|Automated Recurring Invoices
|Contracts / Subscriptions Management
|Recurring Business KPI 3
|Alerts for Contract Renewal
|Automated COGS Entries
|Automated Deferred Revenues
|Billing Control (Purchase Orders / Receptions)
|Multiple Taxes per Line
|Multi-Step Payment Terms
|Aged Payable Report
|Automate Wire Transfers (SEPA)
|Employee Expenses Report
|Expenses Validation Flow
|Import Statements: QIF
|Import Statements: OFX
|Import Statements: CSV
|Import Statements: Coda
|Import Statements: Camt.053
|Bank Reconciliation Reports
|Automated Currencies Rate Update
|Expenses Validation Flow
|Profit & Loss
|Profit & Loss
|Cash Flow statement
|Tax Audit Report
|Pivot Table on Multiple Dimensions
|Predefined Executive Summaries
|Perpetual Fiscal Year Closing
Login to your Quickbooks account and then go to the Settings > Export Data > Choose Reports/Lists. Further, in the reports section, you can choose the All dates filter, it will let you export only the data of the specific period you want. Now Click On Export to Excel. The chosen data will be exported in a zip format.
While importing QuickBooks data to Odoo, convert the Excel Format to CSV format and then create an import template. The Metadata import template helps you to test importing. Once your templates are ready, go to Odoo > Go to a list of Records (Customers, Vendors, Employees, General Ledger, Profit & Loss, Balance Sheet, etc.) > Click on import > Check the data mapping > Click on test import, and then Import. If there is something wrong with the template then you will get the error.!
Go to the different transaction screens such as sales orders, invoices, purchase orders, expenses, etc., and select all the transactions and you will see the export icon. Using that icon you can export the transaction data in excel format.
Import the transaction data after converting the excel format into CSV format. Further, create the transaction data import template. Now, go to Odoo > Go to a list of respective screens (Quotations, Sales Orders, Expenses, RFQs, and POs) > Click on import > Click on test import, and then click on the Import button.
First, open the QuickBooks company file containing the Chart of Accounts that you want to export. Now, Select Accounting > Chart of Accounts > Run Report. You will see the Chart of accounts will pop up, select the Export icon > Export to Excel. Further, convert excel into CSV format so that one can import that data to Odoo accounting.
Once the data is converted from Excel to CSV format then create templates that can be imported to the Odoo accounting. Once your templates are ready, go to Odoo > List of Records (Chart of accounts) > Click on import > Check the data mapping > Click on test import > then Import. If there is something wrong with the template the system will show you an error message.
Usually, it takes around 2 weeks to migrate from QuickBooks to Odoo. However, it entirely depends on the size of the data.
The cost of migration depends on the size of data and the number of hours consumed.
Basically, there are two types of Migration:
1. Data Migration
The data migration process includes:
Extraction of data
Transformation of data
2. Object Migration
Object Migration is the migration of a complete dataset including the source of the information from one environment to another environment.
Yes, you can use QuickBooks after migration. But the extra data recorded in your system needs to be migrated from time to time. Or you can opt for QuickBooks Odoo Integration. Quickbooks integration allows synchronization of data, which means when you create any record in QuickBooks it will be recorded in Odoo as well.
Yes, Odoo supports QuickBooks migration. This will let you track the accounting activities occurring across all business functions.
It is difficult to migrate from one platform to another without external help. QuickBooks to Odoo migration can be carried out successfully when it is done with the help of Odoo partners. They are experts and they know exactly what they need to do and how they should do it. For more information, kindly send an email to: email@example.com
Yes, but you need to have the correct mapping of the journals.