Alegra vs Odoo (2026): which should you pick?

Pick Alegra if

• Fits if you run a Spanish-speaking small business in a country Alegra covers
• Works for firms that want an accountant user included free

Look elsewhere if

• Pricey if you issue many invoices, because the price climbs with each invoice band
• Watch out: bank reconciliation, recurring entries and multicurrency need Pro at $95.23
• Skip it if you want a mobile app, as the Panama page lists none
• Not for you if you don't read Spanish, since site and plans are in Spanish
• Watch out: plans and prices differ by country, and these are Panama's with tax included

Pick Odoo if

• Fits if you want double-entry books with your whole team in them and no other Odoo app
• Works for businesses that need their country's taxes and e-invoicing set up for them

Look elsewhere if

• Pricey if you add a second app, as every user then pays per month, your accountant included
• Watch out: the advertised paid prices last 12 months, then renew at $31.10 or $61 a user a month, billed yearly
• Skip it if you want something to learn in an afternoon: it's a big system, and implementation help is sold separately
• Tight if you scan lots of bills or send texts, since both use credits bought on top
• Pricey if you need the API, Studio or several companies on a paid plan, as they all mean Custom at $61 a user a month

Alegra

• Prices and plans differ by country; the figures here are the Panama accounting plans, which include ITBMS tax.
• The monthly price rises with the number of sales invoices issued each month.
• Paying yearly takes 10% off the Panama monthly price.
• The site and plan pages are in Spanish, and the Panama page lists no mobile app.

Odoo

• Odoo is a wider suite: a second app moves you to a paid plan priced per user for every app, and on paid plans Studio or several companies mean Custom.
• The advertised prices are a 12-month discount for the users first ordered; plans then renew at $31.10 or $61 a user a month, billed yearly.
• Every backend user pays, including an outside accountant and staff who log expenses; limited-access employees can be $8.90 Light Users via an advisor.
• Not included: implementation services, Odoo.sh hosting, and in-app credits for text messages and AI bill scanning.

Alegra

Electronic invoicing

Issues electronic invoices that follow each country's rules, and every Panama accounting plan includes it.

Accounting and reports

Accounting, payments and collections, quotes, and accounting and administrative reports from the entry plan upward.

Inventory

Item catalog with price lists and mass item updates, and multiple warehouses and advanced costing from Pro.

Bank reconciliation

Connects bank accounts or loads statements in CSV or XML to reconcile movements in bulk, from the Pro plan.

API and accountant access

API integration arrives on Plus, and every plan includes one free user for the company's accountant.

Odoo

Bank synchronization

Connects to more than 28,000 banks worldwide, and Odoo says AI matching reconciles about 95% of transactions automatically.

Bill and receipt capture

AI reads vendor bills and expense photos taken on the mobile app. The scanning uses in-app purchase credits sold apart from the plans.

Invoices and follow-ups

Unlimited invoices and bills, with scheduled reminders for late payers by email, post or text message.

Country setups and e-invoicing

Charts of accounts, taxes, reports and electronic invoicing formats such as Peppol are preconfigured by country.

Reports and deferrals

Real-time financial reports that can be annotated and exported, plus deferred revenue and expense entries.

Rest of the suite

Paid plans add every other Odoo app, including sales, purchase, expenses, inventory, CRM, HR and point of sale.

Alegra

• EmprendedorUSD 48.15

  per month for up to 100 invoices, ITBMS included

  1 user plus 1 free accountant user, 1 warehouse, accounting and reports. Panama accounting pricing.

• PymeUSD 73.83

  per month for up to 250 invoices, ITBMS included

  2 users, online payments, due-date reminders and price lists on top of Emprendedor.

• ProUSD 95.23

  per month for up to 500 invoices, ITBMS included

  3 users and 3 warehouses, with bank reconciliation, recurring transactions, cost centers and multicurrency.

• PlusUSD 133.75

  per month for up to 1,000 invoices, ITBMS included

  5 users and 5 warehouses, with API access, custom roles and custom reports on top of Pro.

• PremiumCustom

  For businesses above 1,000 sales invoices a month, with users to suit the business.

Odoo

• One App Free$0

  One app, such as Accounting, for unlimited users and several companies, hosted on Odoo Online.

• Odoo Community$0

  The open-source edition, which you host yourself. It includes Invoicing and payments but not the full Accounting app.

• Standard$31.10

  per user / month, billed annually ($38.90 billed monthly)

  Advertised at $24.90 a user a month billed yearly, or $31.10 monthly, for the first 12 months. Every Odoo app on Odoo Online.

• Custom$61

  per user / month, billed annually ($76.20 billed monthly)

  Advertised at $49 billed yearly, or $61.10 monthly, for the first 12 months. Adds multi-company, Studio, agentic AI, the API and self-hosting.

Alegra

• Annual discount

  10% off when paying yearly

  The Panama pricing page offers a pay-annually option marked 10% off against paying monthly.

Odoo

• Other savings

  First-year discount on Standard and Custom

  For 12 months, Standard costs $24.90 a user a month billed yearly ($31.10 monthly) and Custom $49 ($61.10 monthly), for the users first ordered.

• Annual discount

  Save with yearly billing

  Yearly billing lists Standard at $31.10 a user a month instead of $38.90, and Custom at $61 instead of $76.20.