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Available) to determine the best fit for your business needs.4. ABSS (formerly MYOB Singapore). ABSS provides a robust accounting solution with tools specifically tailored for Singapore SMEs.5 Availability of features depend on the software version you purchase, with ABSS Premiere having the most features.65. Deskera Online Accounting Software: Comprehensive accounting, payroll, and CRM tools in one platform. It’s suitable for small to medium-sized businesses looking for an all-in-one solution to manage operations efficiently.7xBooks. This cloud-based software is known for its easy invoicing and time tracking. It’s designed for freelancers and service-based businesses, however it isn't available in Singapore.87. Jaz. This AI-first accounting software offers invoicing, expense tracking, and financial reporting. Businesses can enjoy a free plan for up to 5 users.98. Odoo. Odoo Accounting is part of Odoo ERP’s business applications, with features like invoicing, bank reconciliation, and expense tracking.10 It’s highly customisable and integrates seamlessly with other Odoo apps and the Airwallex Business Account.9. QuickBooks Accounting Software. QuickBooks offers a comprehensive suite of accounting tools. It has more advanced accounting features and a higher learning curve compared to other software for SMEs.1110. Volopay. Volopay is a financial solutions platform with accounting automation tools. It has smart features to configure rules and workflows to enable faster reconciliation.1211. Xero Accounting Software. Xero is a user-friendly cloud-based accounting software with strong invoicing, payroll, and inventory management functionalities. Businesses on a smaller budget and who need less complex accounting tools often use Xero.1312. Zoho. In Singapore, Zoho is an eSignature software that lets businesses collect signatures via SingPass.14 Its accounting software Zoho Books is not available for Singapore businesses.Let’s take a closer look at the differences in the features of ERPs and accounting software. In the table below, you’ll find that Odoo, QuickBooks, and Xero have straightforward accounting features to support small-to-medium enterprises.

Learn more aboutThe Odoo ERPIs Odoo still new to you, and do you want to gain a basic overview first? Find out everything you need to know about Odoo, how it works and what apps and features it offers below. Find out more ​Odoo is the world's leading open source enterprise resource planning (ERP) software and a direct competitor to companies such as Oracle's Netsuite, Microsoft Dynamics and SAP Business by Design. ​Although Odoo was only launched in 2004, it already belongs to the Champions League of ERP systems. ​Odoo has more than 12 million users and 2000+ partners worldwide How does Odoo work? ​Odoo is a modular system with more than 30 main applications and more than 16,000 third-party apps and plug-ins ​Offers classic ERP modules such as purchasing and sales, inventory, production and accounting as well as many other integrations such as MRP, CRM, PMS, web and e-commerce ​In Odoo data exchange between all apps is seamless and fully integrated ​Odoo is browser based and fully mobile compatible For which companies is Odoo a good choice? ​Generally suitable for any industry and company size. ​Fully customisable for your individual use cases. ​Ideal for 0-1000 employees and 0 - 250m€ turnover. ​Adaptable to business growth thanks to modular design: you can start with single apps and add modules as needed. These are the most important Odoo apps at a glance CRM ACCOUNTING SALES INVENTORY MANUFACTURING Purchase HR Projects subscriptions point of sale field service helpdesk events timesheets Odoo CRMThe Odoo CRM module is more than a database of all company contacts. CRM is able to acquire new customers as leads via your website or databases, manage the entire sales process in opportunities and simplify the maintenance of customer contact. The clear user interface with Kanban view allows you to plan the next customer communication and remind them proactively. In addition, each user is given the opportunity to analyse, evaluate and optimise data about contacts in individually configurable dashboards. ​Creating leads: Capture leads with just a few clicks ​Pipeline: Kanban Pipeline View ​Reporting: Clear dashboard with numerous analysis and evaluation options ​Sales activities: Create once, then simply assign to specific team members on selected leads ​Team Management: Distribution of responsibilities, prioritisation, structuring in sales teams according to responsibilities, individual pipeline phases ​Forecasts: Forecast sales, closing date etc. depending on category ​Sales teams: Structuring into teams with their own sales targets, access rights and other restrictions ​Automated Lead Creation: By receiving a mail to the stored address, a lead is automatically generated ​Invoicing & sales: Easily create quotes and invoices directly from the CRM module ​Website module: Automatically create website visitors as leads Odoo Accounting Probably the easiest invoice management in

Users, on the other, which enable efficient economies of scale. How high are the costs for Odoo?It’s hard to give a general answer. ERP projects are complex and the costs vary greatly depending on the requirements, the industry and the size of a company. As a general rule, however, anyone who opts for the Enterprise Edition of Odoo pays license fees. These are charged either annually or monthly by Odoo and are calculated on the basis of the number of users, the apps and integrations used. In addition, there are monthly fees for server usage, unless you opt for on-premise hosting. Odoo is currently one of the most affordable systems on the market. Specifically, the cost savings for license and hosting compared to major competitors such as SAP Business by Design, Oracle’s Netsuite & Microsoft Dynamics Business Central are between 75-90%! Is Odoo also suitable for larger companies? In principle, yes. There are various examples of well-known large companies that now rely on Odoo, such as Toyota, Danone or Hyundai. This is no surprise, because Odoo offers both unparalleled flexibility and high scalability: the system currently supports more than 30 accounting systems, as well as all conceivable currencies and languages, and can be adapted to even the most unique needs at a much lower cost than the competition. We recommend Odoo for companies with up to 5,000 employees. Still got questions? Schedule a face-to-face consultation with our experts here! Further Odoo Apps for: Website Website eCommerce Blog Forum Livechat E-learning Marketing Email Marketing Social Marketing SMS Marketing Marketing Automation Surveys Finances Accounting Expenses Spreadsheet Documents Human Resources Recruitment Time Off Appraisal Employee Referral Fleet Sales Supply chain Services & Productivity Planning Appointments To Do Discuss Approvals IoT VoIP Knowledge SMS News & current topics

The world! The Odoo accounting module perfects book-keeping wherever possible. In the end, only the most necessary things become a manual task. The link to other Odoo modules creates an invoice overview, bank integrations synchronise incoming and outgoing payments with Odoo and many reports, such as a profit and loss statement, a tax audit report or balance sheets can be created automatically. ​Receivables management: Arrears of receivables, automatic dunning (with e-mail & letter), automated booking suggestions ​Accounts payable: Verify incoming invoices, invoices automatically with OCR read out, create SEPA collective transfers ​Preparatory accounting: All business transactions automatically mapped in chart of accounts ​Flexibility: Multiple currencies with live exchange rates, automatically determined tax rates ​Reporting: Pivot tables, KPIs, dashboards, real-time year-end closing ​Controlling: With hierarchical cost accounting, cost centres, reporting & budgets ​DATEV: Export available ​Bank synchronisation: payment matching​Full Web Service API for third-party software integration​Google Spreadsheet Integration​Easy import & export of all data Odoo Sales – Offer & Order Management From the quotation to the digital signing of the contract – the sales module can create a quotation in no time at all, send it by e-mail to the customer, have it digitally signed and, once payment has been received, automatically create an order and send an invoice. The amount of work per offer is thus reduced to a minimum. Further Odoo modules can automatically transfer the data set and offer further potential for improvement. ​Tender preparation: Quick and intuitive, different design templates available ​Invoicing: Low effort for invoicing, confirmation – completely digitised ​Shipping options: Sending offers and invoices by email or post ​1-Click: Processing quotations in sales orders​Client management: Master data maintenance, customer portal ​Price lists: According to conditions of different customer groups, discount options ​Product variants: Different variants of a product incl. price differences for the different variants ​Finances: Linking invoicing with accounting ​Encampments: Warnings when selling beyond expected inventory levels Odoo Inventory This function digitises a warehouse to a new level! Various functionalities shorten goods routes, automate the flow of goods, synchronise it with other departments and thus optimise the warehouse or logistics processes. Odoo makes no difference between drop shipment, cross-docking or the processes in several warehouses. ​Supply chain management: Define individual procurement routes for each product ​Overview: Good overview of stock movements through reports and information on current stock levels ​Simple administration: Stock movements are created automatically on the basis of orders and sales ​Delivery times: Adjustable depending on seller ​Dropshipping: Sell merchandise without it ever being in stock​Lot & Serial Numbers: Tracking of products from order to delivery to the customer​Product removal: Different methods (LIFO, FIFO, FEFO) possible​Expiration dates: Define expiration dates for lot & serial numbers ​Finance & Accounting: Warehouse fully integrated, movements

Tax compliance. Although most accounting programs include some sales tax features, these typically only calculate the sales tax due based on information entered by the user and generate a consolidated sales tax report for tax filing. They do not fully manage sales tax compliance. For help with this, you can purchase a subscription to a sales tax automation app, such as Avalara or TaxJar, that integrates with your accounting software as well as Amazon. We also recommend that you hire a bookkeeper to help manage your books and especially to aid you with tax preparation and filing. Check out our list of the best online bookkeeping services, which includes our top pick for tax support.Accounting software that didn’t make our list for Amazon sellersNerdWallet considered nearly a dozen accounting products when putting together this list of the best software for Amazon FBA sellers. A couple of the products that make our best accounting software list nearly made this roundup because they offer a super solid accounting solution. However, for reasons noted below, we don’t recommend them for Amazon sellers.FreshBooks$21 per month for the Lite plan.$38 per month for the Plus plan.$65 per month for the Premium plan.Custom pricing for the Select plan. Why we considered it: FreshBooks routinely makes our lists of the best accounting software as an excellent solution for freelancers and self-employed individuals. We rate it 4.5 out of 5 stars for its affordability, pricing transparency, mobile app and inclusion of nearly all the standard and advanced accounting features needed to remain competitive with the top accounting products.Why it didn’t make the cut: FreshBooks has a number of useful billing and accounting features, but it’s light on inventory management capability and requires use of a third-party product called Zapier to then integrate with Amazon Seller Central. This adds an additional layer of complexity as well as cost that can be avoided by choosing popular accounting software with its own direct integration with Amazon and other relevant e-commerce apps.Odoo$0 per month for use of a single app.$31.10 per user per month (or $24.90 per month billed annually) for access to all apps.$46.80 per user per month (or $37.40 per month billed annually) for access to all apps across multiple companies plus Odoo’s external API.Why we considered it: Odoo offers a full suite of business software applications that have been designed from the ground up to integrate seamlessly with one another. And because Odoo is built on open-source software, a community of developers is continually rolling out improvements to existing Odoo apps as well as all new software. Its pricing structure allows for use of a single one of its dozens of apps for free. If you want to use more than one app, one monthly payment will grant you access to Odoo’s full library of apps.Why it didn’t make the cut: While Odoo does have an Amazon Connector app to sync your seller data with your Odoo apps (including accounting, sales, inventory and others), it requires purchase of a