Finance & administration
Business accounting software
- Bank reconciliation
- Real-time statements
- Automatic entries
Accounting software records every movement in double-entry, reconciles bank accounts and produces financial statements. In Odoo, accounting is fed by sales and purchases: an issued or received invoice generates the entry automatically, and the balance sheet is up to date in real time, not at month-end.
What accounting software is
It's the system that keeps the company's books: it records income and expenses in double-entry, handles VAT and taxes, reconciles the bank and produces statements. When integrated with the rest of the suite, most entries are generated automatically from sales, purchases and inventory, cutting manual work and errors.
From document to financial statement
Most entries are generated in the other modules.
- 01
Recording documents
Sales and purchase invoices generate accounting entries automatically; the rest are entered in the journal.
- 02
Bank reconciliation
Bank statements arrive via sync and Odoo proposes the match with invoices and entries.
- 03
VAT & taxes
The tax engine applies the correct rates and prepares the data for periodic VAT settlements.
- 04
Statements & reports
Balance sheet, income statement and overdue reports are available in real time, with drill-down to the single entry.
- 05
Closings
Periodic and annual closings start from already-reconciled data, with the accountant working on the same figures.
What Odoo's accounting handles
The features we most often configure for SMEs.
Double-entry
Italian chart of accounts, journal and ledgers, multi-currency and, if needed, multi-company.
Bank sync
Bank movements come in automatically and reconciliation proposes the matches, cutting manual work.
Tax & VAT engine
Configurable rates, exemptions and regimes, with data ready for periodic settlements.
Dynamic reports
Statements and analyses with drill-down from total to single document, always current.
Analytic accounting
Allocate costs and revenue to projects or cost centres to understand real profitability.
Automatic entries
Sales, purchases, inventory and payments generate entries with no double entry.
Separate vs integrated accounting
What changes between disconnected accounting and accounting fed by the suite.
| Separate accounting software | Integrated accounting (Odoo) | |
|---|---|---|
| Entries | Entered by hand from external invoices | Generated by sales and purchases |
| The bank | Reconciled manually at month-end | Synced, with proposed matches |
| Statements | Available after closing | Real time, with drill-down |
| Profitability | Hard to attribute | By project or cost centre |
| The accountant | Works on exchanged files | Works on the same data |
Where everything adds up
Accounting is the destination of the whole suite: every sale, purchase, stock move and payment flows here as an entry. The same data crosses the company and closes in the books, so the figures add up without manual reconciliation across tools and without waiting for month-end.
Who it's for
SMEs with in-house accounting
Companies that keep accounting in-house and want to reduce manual work and errors.
Those who want real-time figures
Owners and managers who want to see margins and cash without waiting for the closing.
Companies and accountants together
Businesses that want to work with their accountant on the same data, not on exchanged files.
Frequently asked questions
Frequently asked questions about accounting software
Does Odoo replace the accountant?
No: it works alongside them. Odoo keeps accounting current and tidy; the accountant works on the same data for settlements, returns and filings. Together it reduces manual work for both.
Does it include electronic invoicing?
Yes, electronic invoicing via SdI is linked to accounting: each invoice generates the entry. We go deeper on this in the dedicated electronic invoicing page.
How does bank reconciliation work?
Bank movements come in via sync and Odoo proposes the match with invoices and entries; you confirm. It greatly reduces manual tick-off work.
Does it handle Italian tax filings and reports?
Odoo prepares VAT data and statements; some advanced tax reports (for example periodic VAT settlement, Intrastat) and specific filings may require the Enterprise edition or add-on modules. During analysis we verify your real obligations with the accountant.
How much does Odoo's accounting cost?
Prices and editions are on odoo.com. Gitogi does not resell licences: we handle chart-of-accounts setup, import, reconciliation and training. For an estimate, get in touch.
Can I start with accounting and add the rest?
Yes. You can activate accounting and invoicing and add sales, purchasing or inventory when needed, on the same platform.
Related processes
The same software also runs these processes
From the field
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A representative manufacturing scenario: choosing what to migrate, testing real orders and planning the ERP changeover around the work your business still has to do.
Read the caseOrders, delivery notes and invoices: from data entry to review
A representative distribution and manufacturing scenario: AI prepares drafts from orders, delivery notes and invoices, with ERP checks and human review before entry.
Read the caseBooks always in order, in real time
Tell us how you keep accounting today: together we'll see how to configure Odoo for automatic entries, reconciled bank and up-to-date statements.
Updated June 2026
Odoo is a registered trademark of Odoo S.A. Gitogi is an Official Odoo Partner and handles analysis, configuration, data migration and training.