Automate accounting, streamline financial processes, improve cash flow, ensure compliance, and gain real-time financial visibility with Odoo Accounting — a fully integrated ERP accounting solution.
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More Than Accounting Software – A Fully Integrated Business Platform
Odoo Accounting is seamlessly integrated with every major business function.
Improve Cash Flow & Get Paid Faster
Streamline Vendor Management & Payments
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Smarter Financial Management with AI
Built for Canadian Businesses
Accounting Workflows Tailored to Your Industry
Build Odoo Accounting Around Your Business
Seamlessly Connect with Your Ecosystem
Replace disconnected accounting systems with an integrated financial management platform that improves visibility, automation, control, and scalability.
Odoo gives you a default Chart of Accounts (CoA) based on your country.
You can change it by going to Accounting > Configuration > Chart of Accounts. There, you can add new accounts, change existing ones, and set the account type.
Setting the correct type is important for accurate reports like the Balance Sheet and Profit & Loss.
Odoo can connect to your bank and bring in bank statements automatically. To set it up, go to Accounting > Configuration > Bank Accounts. You can link your bank using a service like Ponto or Salt Edge (this depends on your country and Odoo version).
In Odoo, you can create customer invoices from the Sales app or directly in Accounting.
Vendor bills are added from the Purchase app or also in Accounting.
Odoo helps you keep track of what customers need to pay (Accounts Receivable) and what your business needs to pay to vendors (Accounts Payable) using reports like the Partner Ledger and Follow-up.
Odoo provides all standard reports, including: Balance Sheet, Profit & Loss (Income Statement), Cash Flow Statement, Executive Summary, General Ledger, Partner Ledger (AR/AP), and country-specific tax reports.
Odoo is great because everything works together smoothly. When you confirm a sales order, it automatically creates an invoice for you. Also, when you ship a product, Odoo makes the right accounting entries to show the cost of the product sold and update the value of your inventory, as long as you use automatic inventory valuation. This helps keep everything organized without extra work.
PowerQ is a leading company in the energy sector, dedicated to helping businesses and individuals implement the most effective energy-efficient solutions. Over the past decade, the company has grown rapidly and established itself as one of the most trusted and respected energy consultancies in the industry.
Linen Plus is one of Canada’s leading national distributors of commercial linens, facility supplies, healthcare apparel, industrial uniforms, and a broad range of related products. The company collaborates directly with manufacturers, top industry suppliers, and global supply chain partners to deliver high-quality products and reliable service across Canada.
Disposal Queen aimed to modernize its online presence with a more user-friendly and feature-rich Odoo website. Their previous platform had a basic, unbranded design with limited functionality, lacking engaging content sections such as FAQs, blogs, and advanced customer interaction features.
We have been developing our own customized ERP for the last 20 years and worked with several IT teams/companies and different technologies. We can truly say that Synconics is probably the best one we have worked with. They have been always open and ready to assist us with anything we needed, their time response is great even when we have a different time zone (US-EST for us) and their support motivate us to keep developing new tools. Synconics is one of those strategic partners that will help you to be more competitive and take advantage of the market opportunities.
We were trying to integrate one of our internal systems with Odoo, and came across the Webhook module made by Synconics. The team at Synconics was really helpful throughout the integration process. They answered any questions our team had regarding the Webhook module and helped us out with our integration. The Synconics team helped us out with any support requests that we had, with a quick response time. The Webhook module is an excellent tool for any integration use case.
Euronetbike has worked several projects with Synconics to solve our routine processing tasks with Odoo. Synconics staff helped us to grow and reach the perfect functionality for our working processes. We received very fast response and reasonable advice from Synconics developers. The projects were developed in a matter of 2-3 days and affordable prices. Every development we consider to make, brings in our mind only Synconics in first place. Thanks to Synconics we have peace in mind for our Odoo platform.
Deciding to work with Synconics was a great decision for us. It allowed us to concentrate and work on the backend while the frontend was outsourced to the professionals!
