What you get
- Maldives chart of accounts. Accounts named and numbered for a Maldivian business, with the GST accounts in place, loaded before you log in for the first time.
- GST on every transaction. Output and input tax are recorded as each invoice, bill and till sale is posted, so the return is a report rather than a reconstruction.
- Tax invoices with your TIN. Customer invoices print as tax invoices carrying your registration details and, where the customer has one, theirs.
- Supplier bills and expenses. Record supplier bills and business expenses against the right accounts, with the input GST captured for the return.
- Bank statement import and reconciliation. Import your bank's statement export, with its separate debit and credit columns, and match each line to invoices, bills and payments.
- Balance Sheet and Profit & Loss. Always current, straight from the ledger, for any month, quarter or year.
- The working reports. General ledger, trial balance, aged receivables and aged payables, open items. What an accountant or auditor asks for first.
- Period locking. Close a filed period so its numbers stay exactly as they were filed.
- Profit by category. Product categories can post to their own accounts, so the Profit & Loss shows how each part of the business is doing, not one total.
- An audit trail that holds. Posted entries keep their history. Nothing is silently overwritten.
Built for the Maldives
The chart of accounts is a Maldivian one, not a foreign template with the names changed. The GST accounts, the tax codes and the retail default of tax-inclusive pricing are in place when your database is created, so the first sale posts correctly without anyone configuring tax on the day.
Your GST registration and taxable activities sit behind every document. The TIN prints on tax invoices, and the activity a transaction belongs to is stamped on it at posting, which is what makes the period statement trustworthy months later.
The GST statements for each period are built from the posted entries, and once the return is filed the period can be locked. Filing itself is done with MIRA through MIRAconnect; Odreca One prepares the figures. The current rates, thresholds and deadlines are published by MIRA, and each business’s system is configured to them.
Works with the rest of Odreca One
Accounting is the centre of the system, and the other applications feed it without any export or retyping:
- Point of sale: every till sale posts to the ledger, with its GST, when the session closes.
- Sales and invoicing: quotations become orders and tax invoices, and payments settle against them.
- Purchasing: supplier bills are matched to orders and their input GST is captured.
- Inventory: the value of stock on the shelves is carried in the accounts.
- GST and MIRA: the period statement and filing position, built from the same entries.
Who it is for
Shops, cafés, guesthouses and service businesses that need proper books without running a finance department, and accountants who want their clients’ books in one place with a login of their own.
Happy Store, a general store in Thaa Atoll, runs its books this way, with product categories posting to their own accounts so the Profit & Loss shows hardware, food and drink, and household goods separately.
Pricing
Odreca One is priced per business, not per user: from $59 a month, priced in USD and billed in Rufiyaa, with unlimited tills and locations and no hidden fees. Onboarding is a one-time fee that covers migration, setup and training. See pricing.
Questions people ask
Is Odreca One suitable for a small shop with no accountant on staff?
Yes. The till does most of the bookkeeping by posting every sale into the ledger as it happens. Our accountants set the books up and check the opening figures, and support is part of the subscription, so you run the shop and the books keep themselves in order.
Can my own accountant or auditor work in it?
Yes. It is standard double-entry accounting with a general ledger, trial balance and audit trail, and you can give an accountant or auditor their own login.
Does it handle GST for the Maldives?
Yes. GST is built into the chart of accounts and the taxes, recorded on every transaction, and reported in a GST statement for each filing period.
Can I import my bank statements?
Yes. Export the statement from your bank as a spreadsheet, import it, and match each line against invoices, bills and payments on screen.
I already have books in another system. What happens to them?
We bring your opening balances, customers, suppliers and products across as part of onboarding, and check them before you go live.
Who can see my accounts?
You and the people you authorise. Each business runs in its own private database, backed up nightly to encrypted offsite storage.