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Odoo Payroll System

What is Odoo Payroll? Features Benefits Challenges OdooSuccess Pricing Resources

What is Odoo Payroll?

Odoo Payroll is a full-service payroll solution for employees in the United States that automates payroll processes, including calculating gross-to-net earnings, withholding mandatory taxes, deducting benefits and scheduling and issuing payments. Payroll batch previews help HR spot variances before payroll is run to reduce errors. Real-time general ledger (GL) postings keep GL accounts up-to-date and in balance. Finance leaders can drill down from payroll summary costs in financial reports to individual paychecks to gain insights and make more informed decisions.

Payroll and Financials

No more importing payroll data to your accounting software. Detailed payroll data is available, in real-time, in other Odoo applications, including accounting, professional services automation, planning and budgeting and HR.

Simplify payroll processes

" We can have payroll done in 10 minutes. Before it was over an hour. It's definitely changed my weekly payroll responsibilities. "

Meredith Martinelli

VP of Administration, N&N Moving Supplies

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Odoo Payroll Benefits

Faster, More Accurate Payroll Runs. Automated processes reduce the amount of time needed to prepare and run payroll.

Enhanced Compliance. Eliminate the burden of filing and managing payroll taxes, maintaining compliance and keeping up with regulatory changes.

Reduced Cost to Run Payroll. Run payroll in minutes without the need to import or manipulate a third-party file, then post to your general ledger.

Better Control of Payroll Expenses. View and control payroll expenses at the company, department, subsidiary or location level.

Pay Payroll Liabilities. Automatically create accounts payable vouchers to pay benefit providers, tax authorities or time-off balances when an employee separates from the company.

Odoo Payroll Features

With dashboards, analytics, reports, self-service capabilities, up-to-date gross-to-net calculations and the ability to automatically update the general ledger in real time, Odoo Payroll takes the pain out of running scheduled or off-cycle payrolls. Our customer success team — certified by the American Payroll Association — provides expert support and keeps you up-to-date on evolving payroll laws and regulations.

Pay Methods

Employees can set up direct deposits of their paychecks for up to 10 bank accounts and be paid with a check or have their earnings directly deposited into their accounts. And, employees can set up and edit their own bank account information for direct deposit.

Filing and Deposits

Odoo automates deposits for federal, state and local taxes plus all quarterly and annual federal, state and local tax form filings. In addition to handling all tax filings and deposits, ACA forms 1095c and 1094c can be populated and provided to your employees. Prepare, print and file W-2 and 1099 MISC forms for employees and contractors at year’s end.

Flexible Payment Schedules

Pay hourly or salaried employees weekly, semi-monthly, monthly, annually and more. Run off-cycle payrolls whenever the need arises.

Employee Self Service

Employees can securely view and change their own information to keep their records up-to-date. The ability to view as many as five previous paychecks and their W-4 information and expense reports mean questions get answered fast — without help from HR. Additionally, employees can access digital W2 forms via the employee center.

Variable Pay

Include variable payments, like bonuses, commissions and other incentive compensation or expense payments, in paychecks. Flexible options allow you to include or exclude these variable payments in your payroll.

Dashboards and Reports

More than 100 standard reports and key performance indicators (KPIs) are included to customize, or build your own. Monitor payroll trends while comparing actual results to other periods. Dashboards break down payroll expenses by location, department or subsidiary. Authorized users can drill down from summary-level financial information, such as trial balance reports, to detailed payroll transactions for faster troubleshooting.

Challenges Odoo Payroll Solves

Inaccurate Payroll Data. Get real-time postings to the general ledger and access to accurate payroll costs on financial reports.

Manual Payroll Processing. Automate payroll processing and reduce errors with batch previews.

Compliance Risk. Minimize the risk of noncompliance with a full-service solution that manages and files payroll taxes.

Multiple Solutions. Reduce the cost of payroll by eliminating multiple technology platforms and outside services.

Leveraging more than 25 years of experience working with tens of thousands of organizations, across all industries and business sizes, our customer lifecycle methodology helps customers transform their business. It starts by building an AI-powered, integrated business suite with industry-specific solutions. Then we engage with your business to ensure that we’re addressing your specific needs and guiding you along the way on how to best consume and optimize Odoo to solve challenges of today and the future. This approach helps ensure customers experience faster time-to-value, better ROI, and greater employee adoption.

OdooSuccess – Your proven path to success

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How Much Does Odoo Payroll Cost?

Companies of every size, from pre-revenue startups to fast-growing businesses, have made the move to Odoo. Looking for a better way to run your business but wondering about the cost? Users subscribe to Odoo for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users – that’s the beauty of cloud software. Odoo supply chain management solutions are available through various module.

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