Small business or large organisation, services or manufacturing industry – accounting is one of the most important areas any business.
Its effective management not only ensures accurate data and compliance with local laws, but also allows you to better monitor the financial health of the company as well as make the right strategic decisions. Accounting programs offer smart features designed to help optimise and automate financial management, from invoicing to report generation.
However, companies in Lithuania often face the same question - which software is the right one? Are the solutions in Odoo ERP accounting module any inferior to those in dedicated accounting programs like Rivilė, Pragma, Būtenta, and B1? So, in this article, we will compare all of these systems with Odoo accounting solutions for Lithuania.
Systems overview
First, let's briefly introduce the accounting programs we will compare:
Odoo accounting
Odoo is a comprehensive business management system that integrates not only accounting, but all other business areas into one software. This ERP system is known for its flexibility, extensive integration options, cost-effectiveness, and intuitive, user-friendly design.
Rivilė
Rivilė is one of the most popular accounting systems in Lithuania, which is also fully integrated within the Rivilė ERP. It offers flexible functionality and a free implementation of the standard ERP system.
Pragma
The accounting software package, Pragma 3.2, offers basic functions for daily accounting in small businesses. The system also offers full business management system integration with Pragma 4.0.
Būtenta
Būtent Accounting is an accounting tool that allows you to integrate financial management with e-stores and specialised business management programs. For extended software capabilities, customers can also choose the Būtent Management product.
B1
B1 is one of the most modern accounting programs on this list, with a focus on cloud accounting management and easy integrations with third-party systems.
Comparison of accounting systems
General features | |||||
Minimum price for basic package (1 user) | from 17.90€/month (full system) | from 19€/month (full system) | from 85€/month (Pragma 3.2) | from 66€/month (accounting) | from 12€/month (accounting) |
Cloud-based | ✅ | ✅ | ✅ | ❌ | ✅ |
Multi languages | 85+ languages | 3 languages | ❔ | ❔ | 3 languages |
Multi currency | ✅ | ✅ | ✅ | ✅ | ✅ |
Multi Company | ✅ | ✅** | ❔ | ❔ | ✅ |
Automatic currency exchange rate import from the bank | ✅ | ✅ | ❔ | ❔ | ✅ |
Multi users | ✅ | ✅ | ✅ | ✅ | ✅ |
Different types of access rights | ✅ | ✅ | ✅ | ❔ | ✅ |
Open API | ✅ | ✅ | ❌ | ❌ | ✅ |
Mobile app / the software is adapted to mobile devices | ✅ | ✅ | ❌ | ❌ | ✅ |
Client portal | ✅ | ✅ | ❔ | ❔ | ❌ |
Artificial Intelligence | ✅ | ✅ | ❌ | ❌ | ✅ |
Accounting integration with other business areas | ✅ | ✅ | ✅** | ✅** | ❌ |
Invoices | |||||
Multiple taxes per line | ✅ | ✅ | ✅ | ❔ | ❔ |
Discounts | ✅ | ✅ | ✅ | ✅** | ✅ |
Pricelists | ✅ | ✅ | ✅ | ✅** | ✅ |
Multi-step payment terms | ✅ | ✅ | ❔ | ❔ | ✅ |
Automatic bank statement upload | ✅ | ✅ | ✅ | ❔ | ✅ |
Automatic payment reconcilliation | ✅ | ✅ | ✅ | ❔ | ✅ |
Multi-step inventory asset accounting | ✅ | ✅ | ❌ | ❌ | ❌ |
Email history as an attachment | ✅ | ✅ | ❔ | ❔ | ❌ |
Generation of PDF invoices | ✅ | ✅ | ✅ | ✅ | ✅ |
Sending invoices by email | ✅ | ✅ | ✅ | ❔ | ✅ |
Online payments (direct debits, credit cards, SEPA, Paypal, Montinio, Paysera, etc.) | ✅ | ✅ | ✅ | ✅ | ✅ |
Automated debt reminders | ✅ | ✅ | ✅ | ✅** | ✅ |
Automated recurring invoices | ✅ | ✅ | ❌ | ❌ | ✅ |
Automatic receipt of invoices in the system using a dedicated email address | ✅ | ✅ | ❌ | ❔ | ✅ |
OCR (document scanning and text recognition) | ✅ | ✅ | ❔ | ❔ | ✅ |
Automate wire transfers (SEPA) | ✅ | ✅ | ❔ | ❔ | ✅ |
Payroll | |||||
Standard lithuanian payroll accounting | ✅* | ✅** | ✅ | ✅ | ✅ |
Cumulative lithuanian payroll accounting | ✅* | ✅** | ✅ | ❔ | ✅ |
Batch generation of payslips | ✅ | ✅** | ✅ | ❔ | ✅ |
Calculation of vacation / time off pay | ✅ | ✅** | ✅ | ✅ | ✅ |
Executive orders | ✅* | ✅ | ❔ | ✅ | ✅ |
Sending payslips to employees via email | ✅ | ✅ | ✅ | ❔ | ✅ |
Employee expenses | |||||
Accountable persons accounting | ✅ | ✅ | ✅ | ✅ | ✅ |
Automatic creation of a draft record upon receipt of a purchase invoice to a dedicated email | ✅ | ✅ | ❌ | ❔ | ✅ |
Fuel accounting | ✅* | ✅ | ✅** | ✅ | ✅ |
Reports | |||||
Excel or CSV imports / exports | ✅ | ✅ | ✅ | ✅** | ✅ |
Displaying data in PIVOT tables based on customisable filters | ✅ | ✅ | ❌ | ❌ | ✅ |
Displaying data in Spreadsheets based on customisable filters | ✅ | ✅ | ❔ | ❌ | ❌ |
Displaying data in diagrams (pie chart, gant chart, t.t.) based on customisable filters | ✅ | ✅ | ✅ | ❌ | ❌ |
All financial statements and general journal (Balance Sheet, Profit and Loss Statement, Trial Balance, Cash Book, Advance Payments, General Ledger, etc.) | ✅* | ✅ | ✅ | ✅ | ✅ |
All Sodra / VMI reports (FR0600, FR0564, 1-SD, 2-SD; 9-SD, 12-SD, NP-SD, SAM, PT, GPM312, GPM313, iSAF, SAF-T) | ✅* | ✅ | ✅ | ✅ | ✅ |
Other reports needed in Lithuania (Intrastat, GPAIS, CMR, iVAZ, etc.) | ✅* | ✅ | ✅ | ✅** | ✅ |
Customisable report templates | ✅ | ✅ | ❌ | ❌ | ✅ |
Other useful features | |||||
Analytical accounting | ✅ | ✅ | ❔ | ❔ | ✅** |
Multi-level analytical accounting | ✅ | ✅ | ❔ | ❔ | ✅** |
Analytical budgets | ✅ | ❌ | ❔ | ❔ | ✅** |
Additional integrations and modules | |||||
Deposit accounting | ✅* | ✅ | ❔ | ❔ | ✅ |
Integrations with other | "ASPA"*, | “ASPA”, "RASO", "EMPIRIJA" | ❔ | ❔ | "RASO", "R_keeper", "nSoft", "Shopify POS", "Ars Libra", "Paysera POS" |
Inventory accounting | ✅* | ✅ | ✅ | ✅** | ✅ |
Connector with Rekvizitai.lt | ✅* | ✅ | ❌ | ❌ | ✅ |
Prices shown without VAT.
* Certain features are only available with modules developed by Via laurea for Lithuanian localisation;
** Certain features involve additional costs (not included in the accounting package);
❔ We could not find information regarding in publicly available sources. We contacted the software creators, but did not receive clarification about this function.
The table has been filled in based on the information available to our marketing department. If there are any inaccuracies, please contact us and we will be sure to correct them.
Interested in Lithuanian Odoo Accounting?
As official Odoo partners in Lithuania, Via laurea has created a complete set of accounting modules in Odoo ERP, including lithuanian payroll, inventory accounting, fuel accounting, various accounting reports and other connectors for smooth accounting management. You can purchase Via laurea modules by visiting our module e-shop.
However, if you are still not sure whether Odoo is the right choice for your company, our experienced consultants will be happy to answer your questions and demonstrate the powerful capabilities of this business management system. Register for a free Odoo consultation here: