Automate your accounting with Odoo
Save time and money with a fully localized Odoo Accounting package from SprintIT!
Do you want to streamline your company’s accounting operations and save both time and money in the process? SprintIT offers an accounting package for Odoo, tailored to meet the needs of companies in the Nordics.
Enjoy Odoo’s powerful standard features enhanced by SprintIT’s unique add-ons for accounting. SprintIT Odoo Accounting helps you improve decision-making and free up your time by automating daily routines. And with our trained accounting partners, you’ll find a bookkeeper who knows how to use Odoo.
Some of our SprintIT Odoo Accounting clients:
With SprintIT Odoo Accounting, your reporting and inventory balances stay up to date all in one system. You can automate invoicing, purchase invoice processing, inventory accounting, e-commerce transactions, as well as depreciation and accruals. This reduces manual work and eliminates the need for data transfers, freeing your time for what matters most.
A fully localized Odoo Accounting solution by SprintIT
Our solution is built on top of Odoo’s powerful Enterprise Accounting module.
The Basic package is perfect for small and medium-sized businesses with stable and clearly defined accounting processes. It’s a cost-effective choice for companies that prefer to handle tasks like payroll and financial statements outside Odoo.
The Premium package is designed for companies looking to manage all accounting operations fully within Odoo. It includes a localized payroll solution, more advanced reporting, automation, and integration capabilities. It covers all features of the Basic package and much more!
See below how the Basic and Premium packages differ!
Basic
Includes all essential features for smooth accounting and invoicing:
Country-specific chart of accounts
Flexible, easily modifiable chart of accounts to your needs.
Profit and Loss Statement / Balance Sheet
Reports in accordance with local accounting standards, with drill-down to source documents and dynamic time filtering.
Localized invoice template
Easy to modify.
VAT and EU reports
Monthly statutory reports with drill-down to source data.
E-invoicing
Easy sending and receiving of e-invoices and attachments.
Bank integrations
Support for OP, Nordea, Handelsbanken, Danske Bank, SEB, Samlink. Includes automatic statement import, payment matching, and payment handling.
Fixed asset accounting
Maintain an up-to-date fixed asset register with automated depreciation.
Loan calculator
Manage long-term loans and transfers to short-term. Create installments and match automatically with transactions.
Group reporting
Shared chart of accounts for consolidated reports. Automate internal transactions (e.g., sales invoice = purchase invoice).
OmaVero integration
Send monthly VAT reports and generate tax payment documents in Finland.
Invoice approval workflow
Versatile approval rules and groups for all invoice types and journal entries to automate your approval process.
Premium
Includes all Basic features plus:
Incomes Register integration
Report salaries, daily and mileage allowances to the Incomes Register.
Payment restrictions
Easily block payments from Odoo for individual invoices or suppliers.
Interest invoices
Bill accrued interest from your customers for invoices that were paid late.
Cash flow forecasting
A comprehensive real-time view combining invoices, sale and purchase orders and manual estimates.
Mileage and travel allowance calculator
Efficiently submit travel claims directly in Odoo just typing addresses and dates.
Payroll
Manage salaries, work hours, and holidays – even by project. Book payroll data to accounting and pay via Apix. Automatically fetch tax cards from the Finnish Tax Administration. Report salaries directly to the Incomes Register.
YTJ integration
Fetch company and VAT/prepayment register info with warnings for missing data.
Hierarchical product and partner reporting
Analyze products, categories, partners, and groups based on accounting data for better decisions.
Automated invoice encoding using Finvoice data
Speed up encoding especially for invoices with many lines.
Bank account access rights control
Control who can add and edit bank accounts.
Journal-specific period locking
Better control for closing i.e. sales, purchase and inventory accounting.
Accounting partners – expert support for Odoo accounting
SprintIT currently works with several accounting firms and the global network is growing.
We actively train and support our partners so you get the most out of Odoo Accounting, with expertise, efficiency, and seamless cooperation.
Our accounting partners include:
Azets Insight Oy
The Nordics, UK and Ireland
www.azets.com/en-fi | myynti@azets.com
Rantalainen Oy
Tommi Virkki | tommi.virkki@rantalainen.fi | + 358 41 317 3244
Rocket Office Oy
Salla Wikholm | salla.wikholm@rocketoffice.fi | + 358 40 861 3911
Suomen Talousverkko Oy
Tomi Lerto | tomi.lerto@talousverkko.fi | + 358 10 328 4858
Taloushallinta Uniikki Oy
Mikko Karhinen | mikko.karhinen@taloushallinta.fi | + 358 400 511 973
Talouskonsultointi Mertaoja Oy
Ilkka Haavisto | ilkka.haavisto@mertaoja.com | + 358 40 740 3499
Tietomylly Oy
Elmeri Linnera | elmeri.linnera@tietomylly.fi | + 358 40 352 4728
Financial management at the heart of operational management
We believe that financial and operational management should not be separated from each other. Do you know what kind of financial software would best support your company in its operations? We prepared a guide to help you answer the question!
The guide contains a comprehensive table of functionalities, and it compares the common software used by accounting firms in Scandinavia.
We provide a financial management software for Odoo that meets the requirements of the accounting legislation in Finland and Sweden. With our partners, we can offer localized financial management modules in almost any country.
Download the guide below
Want to see how Odoo could boost your company’s financial processes?
Let's talk!
Frequently asked questions: Odoo Accounting by SprintIT
What is SprintIT Odoo Accounting?
SprintIT Odoo Accounting is a packaged and localized accounting solution by SprintIT, operated entirely within Odoo. It’s an extension to the standard Odoo product and fully compatible with Finnish accounting legislation. The solution is built on top of the Odoo Enterprise Accounting module. We continuously develop the system based on customer needs and in cooperation with our accounting firm partners.
How does SprintIT Odoo Accounting differ from the standard Odoo Accounting module?
SprintIT Odoo Accounting is a full-fledged accounting software that enables legal, real-time accountingin Odoo. It includes, for example, a modifiable h chart of accounts, Scandinavian bank and Finnish tax integrations, and ready-made invoice templates. Standard Odoo includes an accounting module, which SprintIT’s solution complements. The default Odoo Accounting module is not localized to all countries, so Odoo default Accounting module does not necessarily fully support real-time accounting in some countries. SprintIT’s extension to Odoo Accounting is complementing Odoo’s standard Accounting.
How often is SprintIT Odoo Accounting updated?
It follows Odoo’s standard update cycles. Regular updates and maintenance support are included in the subscription fee.
What are the benefits of SprintIT Odoo Accounting?
With the SprintIT Odoo Accounting extension, your bookkeeping is always up to date. For example, purchase and sales ledgers are updated in real time. It automates most routine tasks such as invoice processing, inventory accounting, e-commerce transactions, depreciation, and accruals. It saves you time by minimizing manual work and data transfers between systems. You can also easily integrate time tracking, project cost monitoring, and landed cost allocations in Odoo. Odoo is highly customizable, which makes managing cost centers easy.
Can I integrate my existing accounting software with Odoo (e.g., Netvisor or Procountor)?
Yes. SprintIT provides working integration modules if you choose this route. However, we generally don’t recommend it, as many tasks would still need to be done manually.
What manual tasks remain if Netvisor or Procountor is used via integration?
- Manual matching of Odoo purchase orders with invoices in Netvisor/Procountor
- Monthly manual inventory updates
- Bookkeeping is not real time
- Manual allocation of freight costs (landed costs) to inventory
- Possible limitations in multi-currency support
- Dimensions may not transfer between systems
- Ledgers are tracked in Netvisor/Procountor
- E-commerce sales must be entered manually
- Project cost monitoring becomes incomplete if financial data is split across systems
Which accounting firms offer bookkeeping services for Odoo?
SprintIT’s certified partner accounting firms, some of them operate globally. We’re continuously training new ones. Find the list above on this page!
How does SprintIT Odoo Accounting automate accounting tasks?
It automates tasks such as invoice processing, account coding, ledger matching, and report generation.
How much does the SprintIT Odoo Accounting extension cost?
Pricing is based on company revenue, starting at €80/month. More details are available from our sales team.
Where can I find more information about SprintIT Odoo Accounting?
- On this page
- In Finnish: https://www.sprintit.fi/odoo-taloushallinto
- Or contact our experts by phone at +358 44 977 3541, by email at info@sprintit.fi, or through our website.
Can you manage payroll in Odoo?
Yes, you can! Contact us to learn more!
Why should an accounting firm offer services for Odoo?
Odoo is flexible and scalable, making it suitable for accounting firms of various sizes and industries. It helps improve customer service and internal efficiency. Its user base is growing rapidly, and clients are actively seeking firms familiar with Odoo.
Why is it beneficial to operate ERP and accounting in the same system (the “one-system approach”)?
Centralizing operations in one system increases efficiency and transparency. When all data is in one place, everyone accesses the same real-time figures, which improves decision-making and reduces errors. The one-system approach means all business processes – including finance – are managed in Odoo. It often results in savings on licensing costs, which can be significant annually.
What does a CFO gain from the one-system approach?
It simplifies data collection and integration for reporting. Everyone in the organization uses the same numbers and terminology. It allows automating many manual tasks, freeing time for value-adding work such as analysis and process development. Accessing real-time information is easier, and communication improves.
What should you consider when choosing an accounting management system?
Key factors include scalability, flexibility, pricing model, organization-wide support, and user-friendliness. Ideally, the accounting system should be fully integrated with your ERP. SprintIT’s Odoo Accounting extension is a native Odoo implementation that complements the standard module, and meets for example all Finnish legal requirements.
What’s the difference between Odoo Accounting and popular systems like Netvisor or Procountor?
Odoo is an open-source ERP system. Netvisor and Procountor are closed-source accounting software. Odoo stands out with its flexibility and scalability. It adapts easily to different business needs, including international growth and business model changes. Check out our guide comparing Odoo with other solutions - see the info above on this page!
What features should a modern accounting system have?
- High level of automation
- Real-time and drill-down reporting
- User-friendly interface
- Cloud-based and mobile access
- Ready-made integrations for banks, e-invoicing, and tax authority
- SprintIT Odoo Accounting is a great example of a modern accounting system.
What are the benefits of accounting process automation?
It frees up time for more valuable work like analysis, consulting, and development. It reduces errors and improves efficiency.
What are the risks of automating accounting processes?
A common concern is job loss. But automation doesn’t remove jobs, it changes them. As routine work decreases, new roles and skills are needed (e.g., in analytics and consulting). It’s the responsibility of leadership to support employees through the change and provide learning opportunities.
What shouldn't be automated in accounting?
Decision-making shouldn’t be fully automated, it often requires human judgment. Avoid automating complex or hard-to-standardize processes, as it may be costly and inefficient. For example, consolidated financial statements typically require expert input and are not fully automatable.
What should be automated?
- Many finance processes are well-suited for automation, such as:
- Inventory transactions
- VAT calculation
- Bank statement processing
- Sales and purchase invoice handling
- Payment reminders
- Financial statements and balance sheet specifications