Odoo Accounting review

Odoo is the strongest free option for tracking grants and programs if you can invest some setup time. Odoo's pricing page offers a One App Free plan with unlimited users on Odoo Online, and its FAQ says usage of the chosen app is free forever, including any apps it depends on. Pick Accounting as that app and you get Odoo's analytic accounting, which its documentation describes as a way to distribute costs across one or more analytic accounts when posting entries, with analytic plans and distribution models to automate repeat splits. A nonprofit can treat each grant or program as an analytic account. The documentation also covers analytic and financial budgets. The trade-off is scope and complexity: installing a second app such as CRM or Events moves you to a paid per-user plan, and a volunteer treasurer will need more time to configure it than Wave or Zoho Books. Paid prices showed in euros from our location, so the USD check is pending.

Who it is for

Charities with several staff who want analytic tracking

Price

See vendor pricing (USD check pending); One App Free plan at no cost for a single app.

US price check pending. See the vendor pricing page.

Key features

• One App Free plan with unlimited users on Odoo Online
• Analytic accounting distributes costs across analytic accounts
• Analytic plans and distribution models for repeat splits
• Analytic and financial budgets documented in Accounting
• Hosting, support and upgrades included on every plan

Strengths and weaknesses

• Strength: Free for unlimited users when Accounting is your only app
• Strength: Analytic accounts can stand in for funds, grants or programs
• Strength: Clear upgrade path to the full Odoo suite
• Weakness: Adding a second app moves you to a paid per-user plan
• Weakness: More setup than Wave or Zoho Books for a volunteer
• Weakness: USD pricing for paid plans was not shown from our location

Key facts

• Free plan: One App Free, unlimited users
• Paid plans: Standard and Custom, per user
• Fund tracking: Analytic accounts and plans
• Hosting: Odoo Online included
• Price check: USD pending

Where it ranks

Odoo Accounting is No. 4 in our Best Free Accounting Software for Nonprofits verdict.