What you get
- Stock per product and location. See what is on hand for every product, in every shop or storeroom.
- Updated by the till. Every sale rung up at the point of sale reduces stock as it happens.
- Deliveries against purchase orders. Receive supplier deliveries against the order; the stock and the accounts move together.
- Stock counts and adjustments. Count a shelf, enter the result, and the difference posts to a stock loss account, so shrinkage shows in the Profit & Loss instead of vanishing.
- Stock value in the accounts. Average-cost valuation kept in the ledger, so the Balance Sheet shows what is on the shelves.
- Reordering. Set a minimum quantity per product and see what needs ordering.
- Barcodes. Products carry barcodes for the till and for counting.
- Categories. Group products for reports and for category-level profit in the accounts.
- Unlimited locations. Shops, storerooms, a warehouse; move stock between them with a transfer.
Built for the Maldives
Island shops carry stock for weeks between deliveries, and the difference between what the system says and what is on the shelf is where money leaks. Counts and adjustments post to a dedicated account, so a shortfall is a visible line in the Profit & Loss, not a mystery at year end.
Because the value of stock is carried in the accounts, the Balance Sheet a bank asks for shows the stock figure from the same records the shop trades on.
How stock is valued
Stock is valued at average cost, and the value is kept in the ledger as it changes. When a delivery arrives the goods are on the shelf and available to sell, and the supplier’s bill is what sets their value in the accounts, so the stock figure is built from what you actually paid. When the goods are sold, their cost moves out of stock and into cost of sales, which is why the gross margin on the Profit & Loss is a real number and not an estimate.
Opening stock is loaded at onboarding at its cost. The account that count differences post to is set as part of the same onboarding, after the opening stock is in, so a shortfall found later lands in cost of sales.
Works with the rest of Odreca One
- Point of sale: sales reduce stock as they are rung up.
- Purchasing: deliveries add stock and set its cost.
- Accounting: stock value, adjustments and cost of sales are in the ledger.
- Manufacturing: materials and finished pieces are valued as they move through a job.
Who it is for
Shops with more products than one person can hold in their head, businesses with a storeroom or a second outlet, and anyone who has been surprised by a stock count.
Happy Store had its product list and barcodes imported during onboarding, with products grouped into categories that post to their own accounts.
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
Does stock update when I sell at the till?
Yes. Each sale at the point of sale reduces the stock of what was sold, as it happens.
Can I see how much my stock is worth?
Yes. Stock is valued at average cost and the value is carried in the accounts, so the Balance Sheet shows it without a separate calculation.
What happens when a stock count does not match?
You enter the counted quantity and the difference posts to a stock loss account, so a shortfall shows up in the Profit & Loss rather than disappearing.
Can I manage more than one shop or storeroom?
Yes. Locations are unlimited, and stock is moved between them with a transfer that both sides can see.
Do I have to count everything before I start?
No. We load your opening stock as part of onboarding, and you can count shelf by shelf afterwards.
Does purchasing feed into inventory?
Yes. A delivery received against a purchase order adds to stock and updates its average cost.