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Odoo VS Splitwise

Compare Odoo VS Splitwise and see what are their differences

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Salesforce-native accounting software for quotes, invoices, e-invoices (XRechnung, ZUGFeRD), DATEV integration, bank sync, and SEPA payments โ€“ no external tools needed. featured
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Contents:
  1. ยป Base Details
  2. ยป Videos
  3. ยป Reviews
  4. ยป Alternatives

Odoo logo Odoo

An all-integrated business app suite to unleash your growth potential.

Splitwise logo Splitwise

Splitwise is a free tool for friends and roommates to track bills and other shared expenses, so that everyone gets paid back. On the web, iPhone, and Android!
  • Odoo
    Image date //
    2026-02-06

Odoo believes amazing employees deserve great software. With its community of +7 millions and +37 000 apps, the company that was once a basic ERP solution changed its focus to a fully integrated and customisable suite of business applications. From eCommerce to Sales through Accounting and HR, Odoo integrates everything any business needs to grow into a single solution. Therefore, Odoo is the only platform you will ever need to help run your business : integrated apps, kept single and loved by millions of users.

  • Splitwise Landing page
    Landing page //
    2023-01-23

Odoo

Website
odoo.com
Pricing URL
Official Odoo Pricing
$ Details
Release Date
2005 January
Startup details
Country
Belgium
State
Brabant Wallon
City
Grand-rosiere
Founder(s)
Fabien Pinckaers
Employees
1,000 - 1,999
Edit details

Splitwise

Website
splitwise.com
Pricing URL
-
$ Details
-
Release Date
-
Edit details

Odoo features and specs

  • Integrated Platform
    Odoo offers a comprehensive suite of applications that cover various business needs, including CRM, sales, accounting, inventory, manufacturing, and more. This integration helps streamline workflows and ensures seamless data flow between departments.
  • Customizable and Flexible
    Odoo is highly customizable. Users can tailor the system to meet their specific business requirements by adding or removing modules, customizing workflows, and changing user interfaces.
  • Open Source Option
    Odoo provides an open-source version, allowing smaller businesses or startups to access a robust system without a significant financial investment. This also enables a community of developers to contribute to and improve the software.
  • Scalability
    Odoo is scalable and can grow with your business. You can start with a few essential modules and gradually add more as your business expands and your needs evolve.
  • User-Friendly Interface
    Odoo boasts an intuitive and user-friendly interface, which makes it easier for employees to get accustomed to the software, thus reducing the time spent on training.
  • Integration with Odoo Ecosystem
    Odoo Point of Sale integrates seamlessly with other Odoo applications like inventory, accounting, and CRM. This ensures that all business operations are synchronized and up-to-date, reducing manual data entry and errors.
  • Offline Functionality
    Odoo POS can operate in an offline mode, meaning you can continue to process sales even if your internet connection is down, and sync the data once the connection is restored.
  • Customizable
    The system is highly customizable, allowing businesses to tailor the POS to their specific needs, from receipt layout to backend processes.
  • Multi-Platform
    Odoo POS is web-based, making it accessible on various devices including tablets, desktops, and mobile phones, providing flexibility in how and where you use it.

Possible disadvantages of Odoo

  • Cost of Enterprise Version
    While the open-source version is free, the Enterprise version can be expensive for small to medium-sized businesses, especially when considering the cost of add-ons and support services.
  • Complex Implementation
    Although Odoo is flexible, this very flexibility can lead to a complex and lengthy implementation process, requiring a significant amount of time and resources to configure the system properly.
  • Steep Learning Curve
    Despite its user-friendly interface, the wide range of features and customization options can result in a steep learning curve for users, particularly those without prior ERP experience.
  • Dependence on Third-Party Modules
    While Odoo offers a vast array of modules, some specialized business needs might require third-party modules, which can vary in quality and may introduce compatibility or support issues.
  • Performance Issues
    Some users have reported performance issues, particularly when dealing with large databases or running resource-intensive processes. These performance concerns can impact the efficiency of business operations.
  • Complexity in Setup
    Although highly customizable, setting up Odoo POS can be complex and may require professional help, especially for businesses without an in-house IT team.
  • Cost
    The full functionality requires a subscription to Odoo's paid plans, which can be expensive for small businesses or startups compared to other POS solutions.
  • Performance Issues with Large Data Sets
    Some users have reported performance lags and slowdowns when handling large datasets or long sales histories, which can affect business operations.
  • Limited Offline Capabilities
    While offline functionality is available, some advanced features and complex transactions may not be fully supported until an internet connection is restored.
  • Learning Curve for Advanced Features
    Though the basic interface is user-friendly, mastering advanced features and fully integrating with other Odoo apps can take time and significant training.

Splitwise features and specs

  • User-Friendly Interface
    Splitwise provides an intuitive and easy-to-navigate interface, making it straightforward for users to add expenses, keep track of debts, and settle up.
  • Multi-Platform Availability
    Available on the web, iOS, and Android, Splitwise ensures users can access and manage their expenses from almost any device.
  • Expense Tracking
    The app allows users to easily log and categorize expenses, which can be particularly useful for group trips, shared households, or any shared financial responsibility.
  • Flexible Split Options
    Users can split expenses equally, by percentages, shares, or custom amounts, providing flexibility in how costs are divided among group members.
  • Currency Conversion
    Splitwise supports multiple currencies, which is handy for international travel or groups with members from different countries.
  • Bill Reminders
    The app sends reminders for outstanding balances, helping users to stay on top of their payments and avoid forgotten debts.
  • Integration with Payment Platforms
    Splitwise can integrate with payment platforms like PayPal and Venmo for easy settlement of balances.

Possible disadvantages of Splitwise

  • Privacy Concerns
    Since Splitwise involves sharing financial information with others, there could be privacy concerns for those unwilling to share detailed expense data.
  • Subscription-Based Features
    Some advanced features, such as expense exporting and additional integrations, require a Splitwise Pro subscription.
  • Manual Entry Requirement
    Splitwise requires users to manually enter expenses, which could be time-consuming and prone to errors if not done diligently.
  • Limited Automatic Reconciliation
    While Splitwise helps track who owes whom, it does not automatically reconcile or pay off balances, leaving users responsible for manual payment.
  • Dependency on Group Honesty
    The accuracy of the expense records relies on the honesty and diligence of all group members, which may not always be reliable.
  • Potential for Confusion
    The various options for splitting bills (equally, by shares, etc.) can sometimes lead to confusion or disputes among users over what is fair.

Analysis of Odoo

Overall verdict

  • Overall, Odoo is considered a robust and flexible solution for businesses seeking an all-in-one management software. However, it may require some technical expertise to fully customize and implement, and thus might be best suited for companies that have access to IT resources or consultancy services.

Why this product is good

  • Odoo is often praised for its modular architecture, which allows businesses to customize and scale the software according to their specific needs. It offers a wide range of integrated applications that cover various business functions, including accounting, inventory, sales, and CRM. The open-source nature of Odoo also allows for extensive customization and integration with other systems. Another advantage is its user-friendly interface that makes it accessible for users who may not have extensive technical expertise.

Recommended for

  • Small to medium-sized enterprises looking for an affordable, comprehensive ERP solution.
  • Businesses aiming to streamline their processes by integrating various functions into a single platform.
  • Organizations that require scalability and the ability to adapt their software to changing business needs.
  • Companies with IT teams capable of handling customization and integration tasks.

Analysis of Splitwise

Overall verdict

  • Splitwise is a highly effective tool for managing shared expenses, especially if frequent splitting of costs is involved. Its features make it easy to track who owes what, and its automatic calculations save time and reduce errors.

Why this product is good

  • Splitwise is popular because it simplifies sharing and tracking expenses among groups, making it ideal for roommates, friends on trips, or any group spendings.
  • It automatically calculates balances and reminds users about payments, reducing the awkwardness of asking others for money.
  • Offers a user-friendly interface both on web and mobile apps, which makes managing expenses convenient and accessible.
  • Supports multiple currencies, which is great for international travel groups.
  • Integration with payment platforms like PayPal and Venmo for easy settlement of debts.

Recommended for

  • Roommates who need to regularly split household bills and expenses.
  • Groups of friends or families who often travel together and need to manage shared travel costs.
  • Colleagues or classmates working on projects or events that require shared funding.
  • Anyone who wants to avoid the hassle of manually tracking and settling shared expenses.

Odoo videos

+ Add

Odoo is not an ERP, it is just a framework

More videos:

  • Review - PoS Configuration for Retail | Odoo Point of Sale
  • Review - PoS Configuration for Restaurant | Odoo Point of Sale
  • Review - Intro to Odoo: What is Odoo?
  • Tutorial - Odoo Point of Sale - Learn how to setup the POS application in Odoo
  • Demo - Odoo All-in-One Software Demonstration (Tour)
  • Demo - Odoo| All In One

Splitwise videos

+ Add

Splitwise - iPhone App Review! [2020]

More videos:

  • Review - Tricount vs Splitwise - App comparison
  • Demo - Splitwise Demo

Category Popularity

0-100% (relative to Odoo and Splitwise)

Odoo

Splitwise

ERP
100 100%
ERP
0% 0
Personal Finance
0 0%
Personal Finance
100% 100
Payments Processing
100 100%
Payments Processing
0% 0
Expense Tracking
0 0%
Expense Tracking
100% 100

User comments

Share your experience with using Odoo and Splitwise. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Odoo and Splitwise

Odoo Reviews

  1. Juan
    ยท CTO at Prokom Odoo ยท
    Odoo is an ERP with all the apps a business need

    As a Software Engineer with 9 years of experience integrating ERP Software, Odoo is my first recommendation for almost any kind of business. Odoo achieves the sweet spot between business features and friendly interface, and has more than 14.000 modular applications that provide virtually any business need out of the box.

    ๐Ÿ Competitors: SAP, Oracle NetSuite, Salesforce Sales Cloud
    ๐Ÿ‘ Pros:    Many built-in features|Easy user interface
  2. MelissaMiller
    The Best ERP software for Business Management

    Over the years, business industries have crossed over with different developments and innovative advancements in the field of ERP. What an ERP was twenty or thirty years back and what an ERP of today is a matter of astonishment. Benefits of Odoo

    1. Easily adaptable software for any industry type.
    2. Freedom from licensing costs.
    3. No fear of Vendor Lock-in.
    4. Large customization and integration possibilities
    5. Upgrades and improvisations with each version release.
    6. Unlimited functional support if deployed at the enterprise level.
    7. Scalability and Modularity.

    And many more features.

    ๐Ÿ Competitors: SAP ERP, Netsuite ERP
10 Best Moodle Alternatives to Jumpstart Your Courses
Odoo is one of the best Moodle alternatives because it is easy to use for both educators and students. It allows the former to create comprehensive courses, promote, deliver, and sell them faster, and it helps the latter to effectively gain new knowledge and experience.
Source: sendpulse.com
Top 10 Best Open Source Accounting Software Comparison 2024
Odoo begins as a free platform so long as you only choose one app or one of the app bundles. For example, Odoo Accounting comes with Odoo Invoicing, as does Odoo Expenses.
Source: crm.org
17 Best ERP Software To Monitor Business Vitals In 2024
I decided to select Odoo ERP as the best ERP software with the most user-centric approach to design. Odoo's ERP system offers a modern and intuitive user interface that simplifies complex business processes and makes it easier for employees to use the software.
Source: thecfoclub.com
8 Best Open-Source LMS (Moodle Alternatives) in 2024
Odoo is a popular LMS with over 7 million users worldwide. This open-source LMS comes with rich media and options to add various types of content, such as videos, infographics, external links, etc.
Source: geekflare.com
Top 9 NetSuite Alternative Software for Professional Services
ERPNext is a similar solution to Odoo, but it offers a more affordable pricing model with unlimited users. It can be a good option for smaller and mid-sized businesses with unusual workflows. As with Odoo, implementation of ERPNext may require expertise and effort, so make sure youโ€™re ready for it before choosing it as your solution.
Source: productive.io

Splitwise Reviews

12 Best Bill Splitting Apps in 2023
Splitwise is among the most commonly used group payment apps that can easily keep a systematic record of all your informal debts including restaurant bills, travel expenses, cost of accommodation, and much more. With this expense sharing app, users can either create groups or split the bill privately among friends. Splitwise also registers and saves all the expenses and...
Source: www.mobileappdaily.com
6 Best Bill Splitting Apps for Hassle-Free Expense Sharing
Splitwise employs an intelligent algorithm to calculate the exact amount owed by each user. It shows who paid for what, how much amount was paid by each member, and any outstanding balances. Furthermore, the application also keeps everyone updated about their balances and recent transactions.
Source: www.how2shout.com
Best Bill-Splitting Apps
For example, shared items like appetizers would be split among the entire group or just a few people in the group. The app can handily accommodate large parties by allowing you to add up to 10 people to each group. Once youโ€™ve divided up the food among all the plates you can add in tax and tip. The app is made by the same company as Splitwise and is completely free. The only...
Source: www.thebalancemoney.com
7 Best Budgeting Tools and Apps for Personal Finance
This oneโ€™s not a complete budgeting app but itโ€™s still a handy one. Splitwise is a nifty app that helps people track how much they owe to friends and colleagues and vice versa. It makes sharing expenses on outings, meals, events, etc easy to track by logging in each transaction. It basically keeps a total over time, so that you can pay back the money in a large payment,...
Source: www.softwaresuggest.com

Social recommendations and mentions

Based on our record, Odoo seems to be more popular. It has been mentiond 13 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Odoo mentions (13)

  • Need guidance on how to create an Odoo module using the UI
    Are you on odoo.sh, odoo.com, or are you self hosted? Source: over 2 years ago
  • Need help implementing
    My own experience from more or less freelancing: If you create an account on a preconfigured server without setting it up on a machine of your own, e.g. On odoo.com / odoo.sh, or cloudpepper.io/ and don't need very specific configurations done, plus are willing to try out and learn a lot (we're speaking about days, not hours, depending on what you need even more than a week) you can do it on your own. Source: about 3 years ago
  • Odoo Multi-domain Email Servers
    I hope I understand correctly but I cannot change the alias to a custom domain, it has to end in odoo.com. The alias that the new company's tickets are being directed to is connected to its own incoming server and it is used regularly. Source: about 3 years ago
  • Is ERP the right solution for my family's small manufacturing business?
    If you are looking for an ERP, check out odoo.com Everything you mention is possible and it's not that expensive imo. Source: over 3 years ago
  • how do people keep track of their projects and todo?
    Leantime and Odoo are also good options. Https://leantime.io/ Https://odoo.com (search community edition). Source: over 3 years ago
View more

Splitwise mentions (0)

We have not tracked any mentions of Splitwise yet. Tracking of Splitwise recommendations started around Mar 2021.

What are some alternatives?

When comparing Odoo and Splitwise, you can also consider the following products

Square - Square helps millions of sellers run their business-from secure credit card processing to point of sale solutions. Get paid faster with Square. Sign up today!

Tricount - Manage and share expenses with friends

Lightspeed - Retail point-of-sale, inventory management, and omnichannel payment processing systems.

Settle Up - SETTLE UP is an indispensable app for friends and flatmates who need to keep track of shared bills...

ITSCircle POS - ITSCircle POS is a point of sale solution for retail stores.

Splid - Splid helps friends manage their money.

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