Odoo, TallyPrime, and ZohoBooks
Introduction
Latest Accounting Trends
Today, Accounting is not only restricted to data entry, ledgers, bookkeeping,
and number crunching. It is evolving over time in order to meet business
needs. The accounting industry is undergoing drastic changes due to
technological advancements, automation, artificial intelligence, RPA, machine
learning, and analytical processing. This is leading to digitally transforming
businesses and industries.
One major emerging Accounting trend is the switch over to the ERP system.
They provide you an opportunity to integrate your accounting software
with financial data and other elements of business such as inventory,
sales, manufacturing, etc.
It is expected that accounting software will be in high demand in the
upcoming years. Accounting software available can be either installed locally
or through a cloud service provider
Features Comparison
This analysis compares the top players of the Indian market: TallyPrime
3.0, ZohoBooks, and Odoo 17. The comparisons are organized into 9 main
categories: General Accounting, Accounts Receivable, Accounts Payable,
Bank and Cash, Miscellaneous Operations, Document Management, Analytic
Accounting/Cost Centres, Extras, and Reporting.
These categories encompass almost everything a company needs to
manage its finances. We have also included a comprehensive list of the pricing
conditions and usability analysis for each solution in this comparison.
Odoo
Odoo is a leading integrated ERP software used worldwide for managing business
processes. Apps and modules are present for CRM, Sales, eCommerce, Inventory,
Accounting, Billing, Manufacturing, etc.
It possesses an impressive user interface & modular structure, highly
customizable, scalable, and affordable. This suite of open-source business apps
is designed to meet industry-specific demands.
Odoo Enterprise Edition (paid), Odoo Community Edition (paid), and SaaS
subscription plans are offered by it. It is easy to use, extremely flexible, and
integrates with several third-party add-on software apps. It is suitable for
both small to large companies.
“
Amazing employees deserve amazing
software
”
12+
million monthly users
|
140
Countries
|
5000partners
|
40,000+
Apps
|
7
Million
monthly users
|
only india
|
28,000+
Partners
|
700+
apps
|
TallyPrime
TallyPrime is a blend of function, control, and in-built customization which
offers multiple functionalities for Accounting. It can help in fulfilling all
business requirements accounting, invoicing, reports, inventory, etc.
TallyPrime enables you to create and maintain records of up to 99,999
companies. Silver Rental, Silver, Gold Rental, and Gold plans are offered by
TallyPrime based on editions & PCs. Single user Tally software and Multiple
user Tally software are available in the marketplace to fulfill the requirements
of businesses.
“
Harmonize success with smart tools
capabilities
”
ZohoBooks
A cloud-based accounting software that empowers businesses to control their
finances in an efficient manner. ZohoBooks works in all dimensions from expense
tracking, bank reconciliation, time tracking, project management, invoicing, workflow
automation, GST compliance, and many more.
The features present in the free trial version of ZohoBooks are the same as
those of the Premium plan of ZohoBooks. A 14-day free trial period is offered
to the users after they sign up for the ZohoBooks. There are six subscription
plans for ZohoBooks- Free, Standard, Professional, Premium, Elite, and Ultimate.
“
Accounting-The building block of financial
growth
”
100
Million
monthly users
|
150+Countries |
3000
Partners
|
55+
Apps
(In every business domain)
|
General
Accounting
Accounting is the backbone of the busines
Features Comparison
General Scope
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Multi-Currency
|
✔
|
✔
| ✔
|
Multi-Branches
|
✔
|
✔
| ✔
|
Multi-User
|
✔
|
✔ | ✔
|
Multiple Journals
|
✔ |
✔ | ✔
|
Multiple Language Support
|
✔
|
✔
| ✔
|
Supported Countries
|
140
|
6
| 15 |
Accrual and Cash Basis
|
✔
|
✔
|
✔
|
Real Time Accounting
|
✔
|
✘
| ✘
|
Access Rights
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Access Rights per Screen
|
✔
|
✔
| ✔
|
Access Rights per Field
|
✔
|
✔
| ✔
|
Customizable Validation Steps
|
✔
|
✔ | ✔
|
Third-Party Integration
|
Odoo
|
TallyPrime
|
ZohoBooks
|
API
|
✔ |
✔
| ✔
|
Spreadsheet Integration
|
✔
|
✔ | ✔
|
Import : Excel or CSV
|
✔ |
✔ | ✔
|
Expert : Excel or CSV
| ✔
| ✔
| ✔
|
Customer Portal
| ✔
| ✘
| ✔
|
Customer / Vendor Communication
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Emails
|
✔ |
One Way (*)
| ✔
|
Whatsapp
|
✔
|
One Way (*)
|
Third Party (*)
|
Internal Communication
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Emails
|
✔ |
✘
| ✔
|
Chat
|
✔
|
✘
|
✔
|
Video Conference
| ✔
| ✘
| ✘
|
Accounts
Receivable
Accounts receivable makes the businesses
outstanding.
Features Comparison
Customer Invoices
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Proforma Invoices
|
✔
|
✔
|
✘
|
Multiple Taxes per Line
|
✔
|
✔
| ✔
|
Discounts
|
✔
|
✔ | ✔
|
Pricelists
|
✔ |
✔ | ✔
|
Advanced Payments Terms
|
✔
|
✔
| ✔
|
Cash Discounts
|
✔
|
✔
| ✔
|
Outstanding Payments
Reconciliation
|
✔
|
✔
|
✔
|
Configurable Email Templates
|
✔
|
✔
| ✔
|
eSignature on Invoices
| ✔
| ✔
| ✔
|
Customer Credit Limit
| ✔
|
✘
| ✔
|
Artificial Intelligence
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Real Time Accounting
|
✔
|
✘
| ✘
|
OCR Invoices
|
✔
|
✘
| ✔
|
Auto-Reconcile
|
✔
|
✘
| ✘
|
Account Prediction AI
| ✔
| ✘
| ✘
|
Send Invoices
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Generate a PDF invoice
|
✔ |
✔
| ✔
|
Batch Send Invoices by Email
|
✔
|
✔ | ✔
|
Send by Whatsapp
|
✔ |
✘
| ✘
|
Post Invoices by Standard Mail
| ✔
| ✘
| ✘
|
Customer Statements
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Aged Receivable Balance
|
✔ |
✔
| ✔
|
Per Customer Statements
|
✔
|
✔
|
✔
|
Automated Follow-up Emails
| ✔
| ✔
| ✔
|
Automated Follow-up Letters
| ✔
| ✘
| ✘
|
Automated Follow-up Actions
| ✔
| ✔
| ✔
|
Unpaid Fees and Penalties
| ✘
| ✔
| ✘
|
Third Party Debts Recovery
| ✘
| ✘
| ✘
|
Online Payments
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Credit Cards
|
✔ |
✔
| ✔
|
PayPal
|
✔
|
✔
|
✔
|
UPI
| ✔
| ✔
| ✔
|
Recurring Revenues
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Automated Recurring Invoices
|
✔ |
✘
| ✔
|
Contracts / Subscriptions
Management
|
✔
|
✘
|
✔
|
Recurring Business KPIs
(MRR, Churn)
| ✔
| ✘
| ✔
|
Alerts for Contract Renewal
| ✔
| ✘
| ✔
|
Miscellaneous
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Automated COGS Entries
|
✔ |
✘
| ✔
|
Automated Deferred Revenues
|
✔
|
✘
|
✘
|
Sales Order Acruals
| ✔
| ✘
| ✘
|
Accounts
Payable
Efficient accounts payable leads to stability and
reliability in uncertain times.
Features Comparison
Vendor Bills
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Billing Control (Purchase Orders /
Receptions)
|
✔
|
✔
|
✔
|
3-Way Matching
|
✔
|
✘
| ✘
|
Multiple Taxes per Line
|
✔
|
✔ | ✔
|
Purchase Agreements
|
✔ |
✘
| ✘
|
Multi-Step Payment Terms
|
✔
|
✘
| ✘
|
Side-by-side View: PDF/Form
|
✔
|
✘
| ✘
|
Expenses
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Mobile App
|
✔
|
✘
| ✔
|
Validation Process
|
✔
|
✘
| ✘
|
Reimburse employees
|
✔
|
✘
| ✔
|
Artificial Intelligence
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Scan Vendor Bills
|
✔ |
✘
| ✔
|
Scan Expense receipts
|
✔
|
✘
| ✔
|
Vendor Payments
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Aged Payable Report
|
✔ |
✔
| ✔
|
Print Checks
|
✔
|
✔
|
✔
|
Automate Wire Transfer (SEPA)
| ✔
| ✘
| ✘
|
ACH Transfers
| ✔
| ✘
| ✔
|
Expenses
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Employee Expenses Report
|
✔ |
✘
| ✔
|
Expenses Validation Flow
|
✔
|
✘
|
✔
|
Disallowed Expenses
| ✔
| ✘
| ✘
|
Miscellaneous
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Assets Management
|
✔ |
✘
| ✘
|
Purchase Accruals
|
✔
|
✘
|
✘
|
Bank &
Cash
Features Comparison
Bank Statements
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Bank Interfaces
|
✔
|
✘
|
✔
|
Import Interfaces: SEPA
|
✔
|
✘
| ✘
|
Import Statements: OFX, QIF
|
✔
|
✘
| ✔
|
Import Statements: CSV
|
✔ |
✔
| ✔
|
Import Statements: Camt.053
|
✔
|
✘
| ✔
|
Deposit Tickets
|
✘
|
✘
| ✘
|
Miscellaneous
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Bank Reconciliation Reports
|
✔
|
✔
| ✔
|
Automated Currencies Rate
|
✔
|
✘
| ✔
|
Automate Currency Gains/Losses
|
✔
|
✘
| ✔
|
SDD Mandate
| ✔
| ✘
| ✘
|
Miscellaneous
Operations
Features Comparison
Indian Localisation
|
Odoo
|
TallyPrime
|
ZohoBooks
|
GST Filing
|
✔
|
✔
|
✔
|
TDS
|
✔
|
✔
| ✔
|
e Invoicing
|
✔
|
✔
| ✔
|
eWaybill
|
✔ |
✔
| ✔
|
UPI
|
✔
|
✔
| ✔
|
Audits
|
✔
|
✔
| ✔
|
Multi-Branches
| ✔
| ✔
| ✔
|
Journal Entries
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Automatic Transfers
|
✔
|
✘
| ✘
|
Intercompany Entries
|
✔
|
✔
| ✔
|
Auto-Post in Future
|
✔
|
✘
| ✘
|
Journal Items Cut-Offs
| ✔
| ✘
| ✘
|
Documents Management
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Document Management
|
✔
|
✔
| ✔
|
Document Search Engine
|
✔
|
✘
| ✔
|
Auto-split Multiple Invoices
|
✔
|
✘
| ✘
|
Customer Portal
| ✔
| ✘
| ✔
|
Collect by Email
| ✔
| ✘
| ✔
|
Collect by Scan
| ✔
| ✘
| ✔
|
Upload from Portal
| ✔
| ✘
| ✔
|
Analytic Accounting / Cost Centers
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Analytic Accounting
|
✔
|
✔
| ✔
|
Multi-level Analytic Accounts
|
✔
|
✔
| ✘
|
Multiple Plans
|
✔
|
✘
| ✔
|
Automatic Propositions
| ✔
| ✘
| ✘
|
Extras
Budget is an expression of our values and aspirations
Features Comparison
Analytic Accounting / Grouping
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Analytic / Cost Accounting
|
✔
|
✔
|
✔
|
Multi-Level Analytic Accounting
|
✔
|
✔
| ✘
|
Multiple Plans
|
✔
|
✘
| ✔
|
Optional Tags per Entry
|
✔ |
✘
| ✘
|
Budgets
|
Odoo
|
TallyPrime
|
ZohoBooks
|
General Budgets
|
✔
|
✘
| ✔
|
Analytic Budgets
|
✔
|
✘
| ✔
|
Payroll
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Payroll
|
✔
|
✔
| ✔
|
Valuation
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Standard Price
|
✔
|
✔
| ✘
|
Average Price
|
✔
|
✔
| ✘
|
FIFO
|
✔
|
✔
| ✔
|
LIFO
| ✔
| ✔
| ✘
|
Perpetual Valuation
| ✔
| ✘
| ✘
|
Others
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Contracts Electronic Signatures
|
✔
|
✘
| ✔
|
Multi-company consolidation
|
✔
|
✔
| ✘
|
Reporting
Accounting is the lifeblood of businesses
Features Comparison
Legal Statements
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Profit & Loss
|
✔
|
✔
|
✔
|
Balance Sheet
|
✔
|
✔
| ✔
|
Cashflow Statement
|
✔
|
✔
| ✔
|
General Ledger
|
✔ |
✔
| ✔
|
Tax Reports
| ✔
| ✔
| ✔
|
Tax Audit Report
| ✔
| ✔
| ✔
|
Bank Reconciliation
| ✔
| ✔
| ✔
|
Aged Receivable
| ✔
| ✔
| ✔
|
Aged Payable
| ✔
| ✔
| ✔
|
Executive Summary
| ✔
| ✔
| ✘
|
Reports
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Pivot Table on Multiple
Dimensions
|
✔
|
✘
| ✘
|
Customizable Dashboards
|
✔
|
✘
| ✘
|
Spreadsheet
| ✔
| ✘
| ✘
|
Annotate Reports
| ✔
| ✘
| ✘
|
Customizable KPI’s
| ✔
| ✘
| ✔
|
Ratio Analysis
| ✔
| ✔
| ✔
|
Predefined Fiscal Year Closing
| ✔
| ✘
| ✔
|
Usability, Pricing
& Conditions
Features Comparison
UI
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Full Web Interface
|
✔
|
✔
|
✔
|
Mobile App
|
✔
|
✘
| ✔
|
Android App
|
✔
|
✘
| ✔
|
iPhone App
|
✔ |
✘
| ✔
|
Productivity Tools
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Mass Edit
|
✔
|
✘
| ✔
|
Group by in lists
|
✔
|
✘
| ✔
|
Screen Designer
| ✔
| ✘
| ✘
|
Marketplace
|
Odoo
|
TallyPrime
|
ZohoBooks
|
App Store/ Add-ons
|
✔
|
✘
| ✔
|
Subjective Rating
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Navigation
|
9/10
|
6/10
|
9/10
|
Search
|
10/10
|
4/10
|
8/10
|
Shortcuts
|
9/10
|
9/10
|
7/10
|
Data Entry
|
8/10
|
8/10
|
7/10
|
Reconciliation Tool
|
10/10
|
7/10
|
9/10
|
Mobile App
|
10/10
|
1/10
|
9/10
|
Reports Customization
|
9/10
|
5/10
|
9/10
|
Pricing & Conditions
|
Odoo
|
TallyPrime
|
ZohoBooks
|
Pricing
|
Free, Forever1
|
₹8,988 /year -
₹96,000 /year
|
₹7,200 /year - ₹21,600 /year
|
Contract Duration
|
N/A
|
Monthly / Perpetual
|
Monthly / Yearly
|
Free Trial
|
15 days
|
7 days
|
14 days
|
Free Updates
|
✔
|
✔
|
✔
|
Hosting & Maintenance
|
✔
|
✔
|
✔
|
Support
|
✔
|
✔
|
✔
|
1 Note: For Pricing case, it’s free except if you install another app than Odoo Accounting.
User
Interface
The user interface is one of the most important features for any accounting
software. Accountants invest most of their time registering data in the system.
So, if they can record an invoice in 4 seconds rather than 15 seconds, it’s a
game changer.
The best user interface is not only about being beautiful or simple. It’s about
having the right feature when you need it, good usage of AI to limit manual
recording of data, a smart feature to save time, and achieve expected
outcome in 3 clicks rather than 15 clicks, etc.
The intuitive and easy-to-navigate user interface of accounting software
will be more accessible for non-financial users within the businesses. Less
technical support will be required as users will be able to easily navigate
within their system and resolve their own issues.
TallyPrime
Accountants prefer TallyPrime because it’s fast with shortcuts and well
known. But, its UI is bloated, has a high learning curve, and inefficient for
non-simple recording of data & navigating in data or reports, cut-offs.
ZohoBooks
Zoho has a modern look and feel as it’s web based, which is better for the
mobile interface. But it suffers from the disadvantage of the web interfaces,
loading of pages, inefficient shortcuts compared to Tally, etc.
Odoo
Odoo, being more modern, has the advantages of both worlds. It is web
based, but has very efficient shortcuts, good AI integration, and sub 100ms
response time on any click. Recording data is around 30% faster than in
TallyPrime, and 80% faster than in Zoho. From data navigation, pivot analysis
to dashboards and spreadsheets buildup, Odoo has hugely outperformed the
two other players.
Our next section includes the screenshots which will help you to compare
the user interface of three Accounting software- Odoo17, TallyPrime, and
ZohoBooks.
|
Odoo
|
Tallyprime
| ZohoBooks |
Home Screen
| 
| 
| 
|
Invoice
| 
| 
| 
|
Report
| 
| 
| 
|
Different solutions,
Different needs
In order to excel in business, it is important to streamline ineffective
processes. For it, you need to opt for the right software. This leads to the
analysis of certain parameters such as- features, functionality, workflow, etc.
Business scope evaluates the software functions, specifications,
usability, customization capability, and integrations with other tools for
your business growth.
User-friendliness measures how software is user-friendly to use easily
& intuitively and whether it is adaptable to the business according to its
tailored needs or not. It evaluates how the software is simple to install
along with the updates requiring minimal effort to understand & avoid
time consuming training and procedures. It should also adhere to the
industry standards and be efficient after all.
Odoo, TallyPrime, and ZohoBooks have introduced game-changing
software solutions to the accounting world. These software help you to
ameliorate business’s financial accuracy and visibility so that valuable time
can be spent on more important tasks by integrating all business applications
at one place and enhancing productivity.
Odoo is one of the robust all-in-one business management software which
fastens the accounting operations placing all necessary tools at one place.
It’s highly customizable, integrates multiple applications, and accelerates
businesses with an open-source nature! Its open-source nature empowers a
thriving community resulting in a vast repository of community-contributed
applications. It is the best solution provider for bill management.
TallyPrime is perfectly simple to use, versatile, and scalable. It offers
solutions for accounting, project, inventory, invoice features, and much
more. Additionally, it streamlines tax computations and compliance. But, it is
only limited to accounting and doesn’t cover other business domains such as
sales, marketing, HR, etc.
ZohoBooks has enriched automation features for financial functions which
is competitive to other accounting software in the marketplace. However,
it may fail for advanced analytics. Zoho gives the reliability to access all
your work from one place by integrating with other business applications.
However, it is not user-friendly, and it may be difficult to use for those
business owners who are not tech-savvy.
Odoo offers top-notch modular architecture & fosters continuous development
and adaptability. Businesses have the flexibility to use any one of its
applications that aligns with their needs. It has an extremely user-friendly
user interface, provides straightforward navigation, and is comprehensive by
nature.
On the other hand, TallyPrime and ZohoBooks are not easily adaptable, their
learning curve is long. Business owners may find it difficult to understand
and implement them. TallyPrime customization is limited and its supporting
system still lags and data security is a big issue in it. ZohoBooks may be a
good choice for task automation, but not for streaming business operations. It
possesses a lack of payroll services, and doesn’t incline integration options.1
Conclusion
TallyPrime used to be the Accounting leader in the Indian market back
in 2020. Today, it is still being used in India and has a strong user base.
Although it offers a good feature set, it has an outdated user interface as
most of the customers expect cloud-based solutions.
Accounting software vendor- Zoho was the first “modern” accounting
software to surf on the wave and offered a modern software solution for
accountants.
Odoo has always been the leading product worldwide in terms of usability
and feature coverage, years ahead of other accounting softwares on these
two values. But, Odoo’s Indian localization was not perfectly mature before
2023. Now, it is on par with Zoho and TallyPrime with all Indian features (GST
filing, multi-branches, TDS, UPI, e Waybill, e-Invoicing, etc).
Odoo has become the most complete and user-friendly software for Indian
accounting. Its user base is still small, as they have just started. But, the product
is superior at a lower price (Odoo Accounting is even free on Odoo Online).
This comparison is compiled by Odoo IN. We have done our best to make it goal-oriented and
transparent based on the information available online. We encourage users to bring any mistakes,
missing features, or discrepancies if they find to report to whitepapers@odoo.com. We will
update it accordingly. We value your diligence and commitment to ensure the highest standards
of information within our community.
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