Outsourced Accounting & Bookkeeping on Odoo
Odoo Accounting Services
Outsourced Odoo accounting and bookkeeping services delivered by TechUltra's 15-strong CA-led accounting team. From daily transaction entry and bank reconciliation to month-end close, GST/VAT filings, payroll, and audit-ready financial statements — all run on your Odoo instance, all visible in real time. From $15 per accountant-hour. Available worldwide.
Last reviewed:
What's included
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Daily bookkeeping on Odoo
Vendor bill entry, customer invoicing, expense recording, bank-feed reconciliation, and journal entries posted into your live Odoo instance. Books stay current — never more than 24 hours behind reality.
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AP / AR management
Vendor master maintenance, payment runs, dunning, AR aging, dispute tracking, and credit-note handling. Vendor and customer statements generated from Odoo on a defined cadence.
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Month-end close
Trial-balance review, accruals + prepayments, depreciation runs, intercompany reconciliation, FX revaluation, and management-pack P&L + balance sheet + cashflow within 5–7 business days of month-end.
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Statutory compliance & filings
GST returns (India: GSTR-1, GSTR-3B, GSTR-9), VAT/MTD (UK), VAT (SA / SARS), FatturaPA (Italy), SUNAT (Peru), CFDI (Mexico), and US sales-tax filings via the appropriate Odoo localizations and government APIs.
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Payroll processing
Full payroll runs — gross-to-net calculations, statutory deductions (PF, ESI, TDS for India; PAYE/NIC for UK; equivalents in other geographies), payslip distribution, and journal posting into Odoo so payroll lands in the books accurately.
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Multi-entity & multi-currency
Parent-with-subsidiaries setups handled with consistent chart-of-accounts, intercompany elimination, FX revaluation, and consolidated reporting. Useful for SME parents with India operations + a US / UK / EU sub.
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Year-end & audit support
Year-end adjustments, audit-pack preparation, schedule binding (depreciation, leases, loans), and auditor liaison. Direct collaboration with your statutory or external auditor included in the steady-state retainer.
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Bundling with Odoo OCR AI
Pair the engagement with TechUltra's published `tus_odoo_ocr_ai_invoice` and `tus_odoo_ocr_ai_purchase` modules to remove most data-entry time — the AI reads the PDF, our team approves the draft. Cuts billable hours by ~40-60% on AP-heavy workloads.
Our process
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Discovery + Odoo audit
Week 1Review your current Odoo instance (or Tally/QuickBooks/Xero if migrating), chart-of-accounts, opening balances, transaction volume, compliance scope, and reporting requirements. Output: a written scope document and a fixed monthly retainer estimate.
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Onboarding + opening balances
Week 2Take over the chart-of-accounts in Odoo, post opening balances (if mid-year), connect bank feeds, set up vendor/customer masters, and configure GST/VAT/local-tax positions. Set the cadence for daily / weekly / monthly tasks.
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First full month — guided
Weeks 3–6First full month of bookkeeping runs with daily sign-off from your nominated finance contact. Month-end close at the end of this period gives you the first complete management pack. Adjustments fed back tighten the cadence for ongoing work.
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Steady state
Month 2 onwardsDaily / weekly bookkeeping, month-end pack within 5–7 days, quarterly statutory filings, year-end audit support. Monthly review call with the CA team. Scope and hours reviewed quarterly as your business grows.
Typical timeline
Steady-state delivery from week 2, first complete month-end pack delivered in week 6. Onboarding from QuickBooks / Tally / Xero takes an extra 1–2 weeks for data migration before the cadence starts.
Pricing
Pick the tier that matches your scope. Every package is fixed-price — no hourly billing, no surprise invoices.
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Bookkeeping
Daily entries + reconciliation
$15 /accountant-hour
- Daily bookkeeping on Odoo
- Bank-feed reconciliation
- AP / AR data entry
- Monthly mini-reports
- Bundled OCR AI Invoice option
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Most popular
Full Accounting
Bookkeeping + month-end + compliance
$17 /accountant-hour
- Everything in Bookkeeping
- Month-end close (5–7 day SLA)
- Management P&L + balance sheet + cashflow
- GST / VAT / local-tax filings
- Payroll processing + posting
- Year-end & audit support
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Multi-entity
Parent + subsidiaries, multi-country
$1,700 /month, starting
- Everything in Full Accounting
- Multi-entity consolidation in Odoo
- Intercompany reconciliation
- Multi-currency FX revaluation
- Multi-geo compliance coordination
- Quarterly board pack
What affects which tier fits
Use these levers to gauge which tier matches your scope. We'll confirm fit on the kickoff call.
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Base accountant-hour rate
Pricing starts at $15 USD per accountant-hour. The team blend — accountants, senior accountants, and CA review — is included in the blended rate.
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Transaction volume
Hours scale with monthly transaction count. As a guide, businesses with under 200 monthly transactions tend to run 10–20 hours/month; 200–800 transactions run 30–80 hours/month.
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Number of entities + currencies
Each additional Odoo company / legal entity adds onboarding complexity and ongoing reconciliation hours. Multi-currency adds FX revaluation work at month-end.
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Statutory complexity
Single-jurisdiction GST (India only) is leaner than multi-jurisdiction (e.g. India GST + UK VAT + EU FatturaPA). Each additional tax regime adds steady-state hours.
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OCR AI Invoice bundling
Adding TechUltra's `tus_odoo_ocr_ai_invoice` module on top of the accounting retainer cuts AP data-entry time materially — typically 40–60% fewer billable hours on AP-heavy books.
Who this is for
SMEs and mid-market businesses with 50–800 monthly transactions who want a professional accounting function without hiring + managing an in-house team. Especially valuable for: (1) founders running on Tally / QuickBooks / Xero who want to move to Odoo and outsource the accounting work as part of the move, (2) Odoo users who already have the software but lack a qualified bookkeeping team to operate it correctly, (3) multi-entity groups needing consistent accounting practice across India + UK / US / EU subsidiaries.
Why TechUltra for odoo accounting outsourcing
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One vendor for platform + accounting
We build the Odoo, we run the books on it, we provide support — no handoff risk between an implementation partner and a separate accounting firm. The same team that knows your customisations does your month-end.
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Real-time books, not month-late PDFs
Your books live in Odoo. You log in and see today's P&L, today's AR aging, today's cash position. No waiting for a monthly PDF from your accountant.
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CA-led 15-person team
2 Chartered Accountants (review + sign-off), 5 senior accountants (month-end + compliance), and 8 accountants (daily bookkeeping). Reviews are CA-led, not contractor-led.
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Multi-country compliance native
India GST, UK MTD VAT, SA VAT/SARS, Italy FatturaPA, Peru SUNAT, EU EN 16931 / Peppol — handled in-house via Odoo localizations, not subcontracted to local firms.
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Bundle with Odoo OCR AI Invoice
Add the published `tus_odoo_ocr_ai_invoice` module on top of the retainer — AI reads the PDF / JPG vendor bill, our team approves the draft. Cuts AP data-entry hours by 40–60% for high-volume AP workloads.
Outsourced accounting on Odoo vs. on QuickBooks / Tally / Xero
Most outsourced-accounting firms run on QuickBooks (US), Tally (India), or Xero (UK / ANZ). Running it on Odoo changes a few things — mostly for the better.
| Dimension | Odoo (TechUltra) | QuickBooks / Tally / Xero (typical firm) |
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| Platform also runs your CRM, sales, inventory | Yes — one platform end-to-end | No — accounting is a separate silo |
| Real-time visibility for client | Client logs into Odoo, sees live numbers | Monthly PDF / quarterly close cadence |
| Multi-entity & multi-currency | Native in Odoo Accounting + multi-company | Typically Multi-entity is an add-on or separate accounts |
| Custom workflows / approvals | Configurable in Odoo per client | Limited by the accounting tool's rigid workflow |
| AI-powered OCR data entry | Yes — bundled tus_odoo_ocr_ai_invoice module | QuickBooks / Tally / Xero offer limited OCR add-ons |
| Cost of platform itself | Odoo Community = free, Enterprise = ~$31/user/mo | QuickBooks Online ~$30/user/mo; Tally one-time license |
If you're not on Odoo yet, the move pays for itself within ~9–14 months for most SMEs, given the platform consolidates accounting, CRM, sales, and inventory into one license rather than three separate SaaS subscriptions.
Frequently asked questions
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How much do Odoo accounting services cost?
Three pricing tiers. **Bookkeeping** runs $15 USD per accountant-hour — covers daily entries, bank reconciliation, and AP/AR data entry. **Full Accounting** is $17 USD per accountant-hour and adds month-end close, financial statements, GST/VAT filings, payroll, and year-end audit support — the recommended tier for most clients. **Multi-entity** starts at $1,700 USD per month as a fixed retainer for parent-with-subsidiaries setups, covering consolidation + intercompany + multi-currency FX revaluation + multi-geo compliance. Total monthly cost scales with transaction volume: SMEs under 200 monthly transactions typically run $150–400/month on Bookkeeping; 200–800 transactions on Full Accounting typically $500–1,400/month; multi-entity groups $1,700–4,000/month.
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What does the hourly rate include?
The blended hour covers the full team — accountants doing the data entry, senior accountants doing the close and compliance, and CA review on month-end and statutory filings. No hidden surcharges for review or sign-off. The difference between Bookkeeping ($15/hr) and Full Accounting ($17/hr) is the depth of the work: Bookkeeping is operational data entry + reconciliation; Full Accounting adds CA-led month-end close, financial statements, statutory filings, payroll, and year-end audit. Add-ons that materially reduce hours (like the bundled OCR AI Invoice module) are priced separately on the Odoo Apps token model.
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Do you provide bookkeeping or only month-end accounting?
Both. The 'Bookkeeping' tier covers daily entries, bank reconciliation, and AP/AR management. The 'Full Accounting' tier adds month-end close, financial statements, statutory filings, payroll, and year-end audit support. Most clients start on Bookkeeping and graduate to Full Accounting once volume scales.
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Can you handle GST filing on Odoo for Indian businesses?
Yes — GSTR-1, GSTR-3B, GSTR-9, and reconciliation against GSTR-2A/2B handled monthly. We use the Odoo Indian Accounting localization plus the government GSTN portal. E-invoicing (IRN generation) and e-way bills handled via Odoo's GST e-invoicing integration.
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Do you handle UK VAT / MTD for UK clients?
Yes — quarterly MTD VAT returns filed directly from Odoo via HMRC's Making Tax Digital API. Domestic and EC sales / acquisitions handled. Same goes for SA VAT (SARS), Italy FatturaPA, Peru SUNAT, and EU EN 16931 / Peppol e-invoicing — all native via the relevant Odoo localizations.
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Do you process payroll, or only post the journal?
We run full payroll — gross-to-net, statutory deductions (PF/ESI/TDS for India; PAYE/NIC for UK; equivalents elsewhere), payslip distribution, and journal posting into Odoo. Payroll for the geographies our team covers (India, UK, SA, Italy, Peru) is in scope. For other geographies we partner with a local payroll provider and only post the journal.
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Can I see my books in real time?
Yes — your books live in your Odoo instance, not in an external accounting tool. You log into Odoo any time and see today's P&L, AR aging, cash position, vendor liabilities, and trial balance. Our team works inside your instance; nothing is held offline or in spreadsheets you can't see.
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Can you migrate us from QuickBooks / Tally / Xero to Odoo?
Yes. The migration takes 1–2 weeks before the steady-state accounting cadence starts. Chart-of-accounts mapping, opening-balance import, historical-transaction migration (if scoped), and a parallel-run period during the first month. We've done this from Tally, QuickBooks, Xero, NetSuite, and SAP B1 — full migration playbooks at /services/odoo-migration.
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Do you handle multi-entity / multi-currency accounting on Odoo?
Yes — multi-entity is on the 'Multi-entity' tier with a custom monthly retainer. Includes consolidated chart-of-accounts, intercompany reconciliation, FX revaluation at month-end, multi-currency reporting, and consolidated P&L. Common pattern: India parent (HQ + GST) + US sub (LLC + sales tax) + UK sub (Ltd + VAT).
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Who is the 15-person accounting team?
2 Chartered Accountants (CAs — review + sign-off + statutory filings), 5 senior accountants (month-end close + compliance work + client review calls), and 8 accountants (daily bookkeeping + transaction entry + reconciliations). All Odoo-certified. The CA reviews every month-end pack before it's released to the client.
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How does bundling with the Odoo OCR AI Invoice module save money?
Daily bookkeeping is dominated by AP data entry — typing vendor bills from PDF emails into Odoo. The published `tus_odoo_ocr_ai_invoice` module reads those PDFs / JPGs with AI and creates draft vendor bills automatically — our team just reviews and approves. For AP-heavy clients, this cuts the daily-bookkeeping hours by 40–60%, which directly reduces your monthly retainer.
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What about year-end audit support?
Included in the Full Accounting and Multi-entity tiers. Year-end adjustments, audit-pack preparation (lead schedules, depreciation/lease/loan schedules, supporting GLs), and direct liaison with your statutory or external auditor. If your auditor needs specific Odoo reports we don't already generate, our team will produce them.
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Is this available in my country?
Yes — TechUltra serves clients worldwide. We've published deeper regional pages for the three buyer markets where we have the most active engagements: [USA](/services/odoo-accounting-services/usa) (federal + state + sales-tax + 1099/W-2), [Europe](/services/odoo-accounting-services/europe) (VAT incl. FatturaPA + MTD + OSS), and [Middle East](/services/odoo-accounting-services/middle-east) (UAE VAT + Corporate Tax, Saudi ZATCA, GCC). For other geographies, the team works in IST with sufficient overlap for EMEA + EST clients; West-Coast US / Australia clients get a defined async cadence with same-business-day email response.
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Do you specialise in any particular industries?
Yes — we've published vertical-specific pages for the three industries with the most distinct accounting concerns: [Manufacturing](/services/odoo-accounting-services/manufacturing) (WIP valuation, BOM-based standard costing, multi-plant inventory, variance analysis), [E-commerce & Retail](/services/odoo-accounting-services/e-commerce-retail) (multi-channel sales reconciliation across Shopify + Amazon + POS, payment-processor settlement, multi-jurisdiction sales tax, marketplace-fee accounting), and [Professional Services](/services/odoo-accounting-services/professional-services) (time-and-materials billing, WIP / unbilled revenue, ASC 606 / IFRS 15 milestone revenue, utilisation tracking, partner profit-share). We also serve other industries — these are just the ones with deep pre-built playbooks.
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How do I get started?
Book a 30-minute scoping call. We'll review your current setup (Odoo or other), transaction volume, compliance scope, and reporting needs, then send a written proposal with a fixed monthly retainer estimate within 2 business days. No commitment to engage — the diagnostic alone is useful even if you go elsewhere.