In short
Accounting software setup is configuring your accounting system so it records transactions correctly from the start. DBS Maldives sets up your chart of accounts, GST settings, invoice templates and user roles, migrates your existing records and trains your team. We configure the software; your accountant or finance team keeps the books.
What is accounting software setup?
Accounting software setup in the Maldives is the work done before the first real transaction is entered: structuring accounts, tax settings, documents and permissions so the system produces reliable records and reports. A careful setup saves a great deal of correction later.
It matters more now than before. MIRA has advised taxpayers that their accounting software and point-of-sale systems must be configured to capture the information required by tax law. MIRA is also rolling out an e-invoicing system that integrates with taxpayers' systems. Software that is set up loosely may not hold the details you need.
What does DBS Maldives set up?
- Chart of accounts designed around your business, not a generic template.
- GST settings that reflect your registration status and the types of supply you make.
- Invoice and receipt templates carrying the details your business needs to show.
- User roles so staff can only see and change what their job requires.
- Opening balances and data migration from spreadsheets or a previous system.
- Training for the people who will enter, approve and review transactions.
We set up and configure the software. We do not provide bookkeeping, accounting, audit or tax return services.
Who should review their accounting software setup?
New businesses choosing a system for the first time, and established businesses whose software was set up quickly and never revisited. It is also worth a review after GST registration, when adding a POS system, or when building a proper finance department.
How it works
-
Understand your business
We learn what you sell, how you are paid, your GST position and what reports the owners want.
-
Design the structure
We draft the chart of accounts, tax codes and document templates and agree them with you and your accountant.
-
Configure the software
We build the settings, user roles and approval rules in your chosen accounting system.
-
Migrate and check
We load opening balances and records, then check them against your existing figures.
-
Train
We train your staff on daily entry, invoicing and the reports they will rely on.
What you'll need
- Your business registration details and GST registration status
- Your existing chart of accounts or a recent set of accounts, if any
- Customer, supplier and product or service lists
- Current invoice and receipt samples
- Contact details for your accountant, so the structure suits their work
- A list of users and what each should be allowed to do
Common mistakes to avoid
- Using the default chart of accounts from another country without adapting it.
- Setting one tax code for everything when the business makes different types of supply.
- Letting everyone log in with the same account, which removes any audit trail.
- Entering opening balances without reconciling them first.
- Choosing software without checking whether it can capture the details MIRA expects.
Ready to set up properly? Contact us.
Frequently asked questions
What accounting software is best for a business in the Maldives?
There is no single best product. The right choice depends on your size, whether you sell over a counter, how many users need access and whether you need multiple currencies. We compare suitable options against your needs and check they can be configured to capture the information MIRA requires.
Does accounting software need to meet MIRA requirements?
MIRA has advised taxpayers that their accounting software and POS systems must be configured to capture the information required by tax law. It is also rolling out an e-invoicing system that integrates with taxpayers' systems. We confirm the current requirements before configuring your software.
Does DBS Maldives do bookkeeping?
No. We set up and configure accounting software and train your team to use it. The day-to-day bookkeeping, accounts preparation and tax filing stay with your own finance staff or your accountant. We design the setup so it suits the way they work.
Can you move our records from spreadsheets into accounting software?
Yes. We clean and organise your spreadsheet records, import customers, suppliers, products and opening balances, then check the imported figures against your existing records. Anything that does not reconcile is raised with you before the system goes live.
How should GST be set up in accounting software?
GST settings should reflect your registration status and the types of supply you make, so invoices and reports show tax correctly. We configure tax codes and invoice templates after confirming your position and the current MIRA requirements, and agree them with your accountant.
Last reviewed 6 October 2026. Requirements change; we confirm the current rules with you before any application.