Odoo QuickBooks Integration Connector

What is QuickBooks?

QuickBooks is a product offered by Intuit. It is geared primarily towards small and medium-sized businesses and offers on-premises accounting applications as well as cloud-based versions that allow businesses to accept payments, manage bills and handle company payroll.

QuickBooks is a standard business management software that many companies use to manage their finances. But oftentimes companies can outgrow the software and its functional scope. Business owners that want to expand the functionality of their QuickBooks software may consider connecting QuickBooks to an ERP software like Odoo.

This is made possible with the use of a connector. There are a few connectors available on Odoo's App Store market.

Connecting Odoo and QuickBooks?

Odoo is a suite of open source business apps fully integrated into one powerful and customizable management software capable of covering a wide range of business needs

Odoo allows yo to manage all the accounting of an organization in an ergonomic, easy-to-use, modern and attractive interface.

With Odoo's accounting application it is easy to:

• Synchronize your bank statements automatically
• Create invoices and manage them
• Track payments
• Check supplier invoices
• Have forecasts on the invoices to be paid
• To work with multi-currency currencies
• Create accurate dashboards
• Manage legal declarations

Alternative To Odoo and QuickBooks Integration

Some of our clients have opted to migrate to Odoo Accounting as opposed to connecting their QuickBooks database.

Sometimes connecting Odoo and QuickBooks isn't the best option. In fact, companies that have more detailed requirements and advanced needs may find that they are better handled using Odoo's accounting module.

When it comes to customer invoices is missing the ability to add discussions to emails as attachments.

In QuickBooks there is no option to send batch invoice emails, QuickBooks also doesn't have the function to create and send automatic follow-up letters or actions.

QuickBooks lacks several vendor bill features that are found in Odoo such as; Billing Control (Purchase Orders / Receptions) Multiple Taxes per Line Purchase Agreement and Multi-Step Payment Terms

Extra accounting features such Multi-Level Analytic Accounting, Multiple Plans and Optional Tags per Entry are non-existent in Quickbooks and while the software does allow general budgeting it does not have the analytic budgets that are available in Odoo.

When it comes to customization, Odoo offers much more in terms of reporting and creating customizable KPIs which companies with more specific metrics may find quite valuable.

Outside of the difference in features, Odoo makes it easier to find all of your reports, journals, ledgers, etc all in one place whereas with QuickBooks you have to go to different functions in order to access this information. Odoo has a more efficient user interface.

Data entry in the Odoo ERP is simplified greatly, entire accounting tasks just by adding in lines of data. In QuickBooks, there are a lot more steps. Odoo offers business increased efficiencies and productivity by reducing barriers to simple accounting functions.