SMEs are considered as the backbone of Malaysia’s economy. 97% of businesses in Malaysia run small companies and medium-sized enterprises. Most are using basic accounting software to streamline financial processes for companies. It monitors sales, purchases and transactions with an interface which is quick and easy to use.

Using simple accounting software is important to keep track of your business success. It helps users to keep all the details providing a clear image of the financial security of the company. The software can efficiently handle bookkeeping and allows expense and sales tracking to improve profit margins. Accounting is the key part of every business; therefore every company needs an accountant or easy-to-use accounting software to efficiently manage its company.

How Does an Accounting Software Work?

An accounting software automates financial procedures and serves as a financial data tracking and analysis tool.

Users can seamlessly input transactions, generate invoices, reconcile bank accounts, and prepare financial reports.

Many accounting software packages in Malaysia also come equipped with other technologies like CRM and inventory management software.

Signs Your Business Requires an Accounting Software

You’re Bad at Maths

It’s okay to admit it. Just because we scored well on our examinations doesn’t imply we can always deploy what we’ve learnt right away.

The best time to figure out if your maths isn’t quite up to standard and you need help putting these numbers together, perhaps in the form of some affordable software, is when your company is still small.

You Spend Too Much Time Chasing Invoice

Accounting software has the ability to help you manage incoming cash, forecast future cash flows, chase down late payments, and make the task of getting paid much easier.

Your More Experienced Peers are Advising You So

If your peers hold extensive accounting or tax experience, take their advice on this since they will recognise when a business’ financial management needs to be streamlined. Not only for efficiency, but also for tax considerations.

Is Accounting Software Difficult to Work With?

An accounting software’s complexity level varies based on the software itself as well as the user’s expertise.

Many accounting software providers put forward user-friendly interfaces and customer service to assist clients in getting started.

It is essential for any company to get accounting software that is tailored to the legal and business framework in a country. Every and every country has different standards and practices regarding accounting. There are numerous accounting software you can find here in Malaysia, but here we’re going to list the 21 popular and best accounting softwares Malaysia that you can use for your business.

Top 21 Best Accounting Softwares in Malaysia [2024 Updated]

1. AutoCount

AutoCount can be your saviour in this unprecedented time. This software has gained immensely popularity with 600,000 active users all over Malaysia. AutoCount is especially useful for today’s work environment as many businesses are now working remotely from their home.

With AutoCount, you can easily backup your data, invoices and vouchers securely in the cloud so that it won’t be prey of any natural disasters like flood or fire. Also, the secured access and login would make sure who has the ability to access your company files so that you can entrust your trusted information only to your loyal employees.

Besides that, AutoCount enables you to schedule your recurring payments and create document templates so that you do not have to waste your time in repetitive work. It also has an auto-generating stock adjustment system which can be valuable if you are in an e-commerce business and need to keep your stocks updated to cater your clients.

AutoCount offers both on-premises and cloud-based accounting software. Book a free demon with them to see which fits your business needs best.

2. Bukku Accounting 

Meet Bukku, your ultimate cloud accounting software, specially crafted for Malaysian SMEs and trusted by over 25,000 companies nationwide.

What makes Bukku shine is its simplicity and automation, resonating perfectly with Malaysian small businesses and freeing you from endless data entry headaches. 

With just a few taps, you can effortlessly create and send invoices via WhatsApp or email. Thanks to Bukku’s incredible integration with payment gateways, you can enjoy the lowest transaction fees in the market. Your customers can pay you by clicking the “Pay Now” button on the invoice and have the official receipt automatically generated for them.

Bukku is also LHDN E-Invoice ready, supporting businesses in staying compliant with E-Invoice requirements. Importantly, there are no upgrade charges for both existing and future users. If you only need an invoicing solution, check out their permanently free Launch Plan for invoicing only.

With Bukku, tracking expenses is as easy as uploading receipts/bills from your computer or mobile into Bukku with Digital Shoebox. Data entry is done automatically, instantly. For bank reconciliation, simply upload your bank statement and watch as Bukku automatically reconciles it for you in seconds.

No more drowning in accounting reports — Bukku automates it all, auto-generating over 50 reports in real-time. Bukku is SST-compliant and GST-ready, so you can stay compliant without worries. Even reputable accounting firms pride themselves in using Bukku to provide services to clients.

Enjoy free weekly online demos, dedicated live chat support, updates & maintenance—all included in your subscription, no hidden charges. Try Bukku Accounting Software risk-free with a 30-day Premium trial, no credit card needed.

3. SQL

SQL Account is the Number 1. Accounting Software in Southeast Asia that is compliant with the latest GST/VAT and SST taxation rules. More than 600,000 accounting professionals and business owners have automated their business transactions with SQL Accounting Software. SQL has been awarded Best in Customer Service Award by the Star Malaysia (SOBA) and Excellent Product.

SQL Account is suitable for more than 100 industries ranging from services, trading, distribution, construction, eCommerce, manufacturing, shipping, forwarding, property management, motor vehicle management, paper industries, glass & aluminium industries and many more.

SQL Account software is available in both cloud-based and local-based versions. The benefit of SQL’s cloud-based software that is unavailable in other cloud-based accounting software is that the customer’s database will be fully returned after the discontinuation of their cloud subscription. SQL also offers Hybrid Cloud, check out the unique hybrid cloud benefits attached below:

SQL Software is suitable for both large & small medium organisations. Many well-known household names such as Goodnite mattress, 99 Speedmart, Smart Glove, Vivo smartphone, Carsome, and Burger King have implemented SQL’s Account system from the start of their business operation with just the standard software setup. SQL Account has since grown alongside with their successful business. Operational customisation and preventive customisation can be done to improve business workflow of the growing company, Operational customisation can be done to improve and the workflow of the business while preventive customisation can be done to improve security, integrity, and control within the system. SQL is highly customisable where users can also add User Defined fields into the program to input and report additional data.

SQL offers an extensive product range of softwares & mobile applications for Accounting, Stock, Ecommerce, POS, Construction, Production, Payroll, eLeave & eClaim, creating a Total Business Software Solutions for an extra competitive edge.

Contact SQL today to experience the best accounting software that help your business success.

4. Intuit Quickbooks

It is designed to smartly manage invoices, as you can immediately create quotes and invoices. This had become effortless to track the receivables. The ability to track GST inside invoices, expenditures and purchase order is helpful as it is possible to generate the GST-03 Form easily. The receipts are then distributed electronically without any issues. The ease of making a recurring invoice would be helpful for the customer because they can repetitively save time on making the invoice.


This accounting software makes it easier for you to process tax-based transactions using convenient, built-in tools that can work through GST and other tax practices. Businesses with much GST-related operation would be able to file their returns with this program more quickly and on time. It is capable of making GST computations in a quick real-time interface so your accountant doesn’t have to struggle every time to add up percentages.

6. QNE

QNE is known as the easy-to-use accounting software. It has strong features such as user audit trail availability and date sensitive report performance, which will help meet business requirements. It runs in the cloud and offers real-time service to the customer. QNE also provides forecast statistics, the status of cash flow and the break-even stage.

The resources also allow for the systematic execution of processes. For example, inventory management is made simple with the inventory software because it is easy to build invoices, documents such as stock balance, invoice management, and staff information can be managed well.

7. Million

Million’s key feature is that it goes very well with Microsoft Excel which is used by many small businesses to produce and maintain reports. Million has an easy user interface similar to Excel, makes it an extremely popular program in the less structured business sector that is less dependent on administrative practices. The program is not flexible as the company grows bigger, but it supports multiple currency inputs and has functions to hold multiple business accounts, making it a relatively valuable tool in the hands of someone who wants to do small yet essential accounting work.

8. Mr Accounting

The features in this program are designed to furnish a new look for any businesses. It includes the new GST enhancements with support for an automated calculator, which has added to the overall process performance. This offers data support so that the user can easily access the information they need, even though they don’t have any accounting experience. The user is provided with full power, and it can be changed to suit the entire company.

9. Wave Accounting

Wave is one of the accounting software that was featured internationally in The New York Times and Forbes. Wave has different feature sets such as billing, invoices, fees, payroll and receipts, this platform is developed primarily for small companies, freelancers and billing consultants. If you’re looking for a program that can handle all financial functions at no cost, Wave is the best choice.

10. Sage UBS

Saga UBS has a simplified process of accounting. It eases the planning of all Account Receivables (AR), General Ledger (GL), and Account Payables (AP). The financial data are easily incorporated with the payroll system since it is a program that enables complete user integration. It comes with a Wizard System that speeds up installation processes. Transaction Wizards constantly direct the user to join transactions. This software is conveniently available, so there is no hassle in getting technical help

11. Biztory

Biztory is a cloud accounting software in Malaysia designed to support small and medium businesses around the world. It is a convenient platform for people who are not tech-savvy as the software is built in the simplest way with a user-friendly interface. The features include e-invoicing and billing software system, customer statement data tracking and monitor software, inventory log management software and more.

All data is backed up daily, and the 128 bit SSL Data Protection Encryption protects it, therefore there will be no issues over missing transaction and statement. Biztory is easily accessible via any desktop, laptop, tablet and even smartphone because its software offers flexibility and compatibility for different devices.

12. Financio

Financio, another best accounting software Malaysia, is a product of ABSS that brings small business accounting automation to Malaysia and other countries. It redefines how small business owners handle accounting and tax tasks, and strives to accounting software to the next level. Amongst its most captivating features are accounting automation, e-invoicing, multilingual interface, Malaysia tax ready, JomPAY integration, kakitangan integration, StoreHub integration, recurring invoice and more.

13. Data Tree Solutions

Consider Data Tree Solutions if you’re planning to transport your business to another level, Housing widely renowned business solutions that best caters to small and medium sized business, they have a small selection of software, all with its own specialities.

Their AutoCount software is one to consider for your one-stop solution for most business related woes. The AutoCount Software offers accounting, payroll management, and even a POS System. If you’re hesitant about manning what seems to be a complex system, there’s no need to worry since Data Tree Solutions also offers consultation as well as training to better equip their clients.

14. WTY Computerise Services

WTY Computerise Services is a company that understands how essential of a component accounting is to any business, may it be big or small. Hence, the need for accounting to be done correctly, and in a precise and efficient manner.

This is why WTY Computerise Services has introduced ABSS Accounting Software to their clients. It is amongst out top picks for accounting software simply because of how easy and accessible it is. You won’t have to worry about complexities because it’s beginner and user-friendly.

15. Netiquette

Netiquette’s Accounting Management Software is one of the best accounting softwares Malaysia for SMEs. This is primarily because of the functions that the software has to offer, beginning with cloud-based and real time services so you can see everything being updated on the go. Plus, the price point isn’t too bad either. It’s one of the most affordable in the fields, allowing startups and even niche markets to acquire the AMS to better their business. Lastly, the feature that this software comes with. It’s GST compliant and has an Inventory Management System.

16. Zahir Accounting

Zahir Accounting is an accounting software developer founded in 1996. It is led by a professional team of reliable programmers, a qualified implementation team, and a dedicated support team.

Zahir, a top pick among business owners, provides accounting software that processes financial reporting with great efficiency and speed.

Zahir’s top priority is their after-sales support, as they continue to develop their software by regularly upgrading it into the latest versions.  As a result, their product is among the best accounting software in Malaysia.

17. Xero

Xero is a cutting-edge cloud-based accounting software which offers invoicing, inventory management, bank reconciliation, expense tracking, and financial reporting, making it simple for businesses to keep track of their cash flow.

In Malaysia, Xero is commonly used by small to medium-sized enterprises that require dependable and effective accounting software to optimise their financial operations.

Xero is compatible with over 800 third-party apps, providing businesses with a full-fledged solution for managing their financial affairs.

Finally, Xero also provides payroll and accounting services, as well as tax and compliance support.

18. Zoho Books

Zoho Books is a cloud-based accounting software that provides startups with a range of features.  It enables businesses to easily manage funds delivering functions such as invoicing, expense tracking, project management, and bank reconciliation.

The ability to integrate with other Zoho apps, including Zoho CRM and Zoho Projects, is what distinguishes Zoho Books as a one-stop business solution. Inventory management, automated bank feeds, and recurring invoices are also included in the program’s features.


CALTRiX specialises in cloud-based accounting services and integrated cloud solutions in Malaysia.

Its novel approach and technological application help streamline corporate operations and provide real-time monitoring via a smartphone that’s connected to the cloud.

The company thinks that bringing together modern technology can help any business reach new heights. Its skilled team of specialists has successfully adopted cloud accounting for various firms and is capable of helping others in achieving the same outcomes.

20. FreshBooks

FreshBooks is one of the most popular and well-known accounting softwares in Malaysia today.

FreshBooks accounting software combines smart technology with back-office automation to reduce human data entry and streamline bookkeeping. For instance, FreshBooks  can be set up to automatically reconcile credit and debit balances as well as import financial data from an array of sources.

Users can also readily obtain important financial statements such as balance sheets, income statements, and cash flow statements.

Individual access permissions can also be adjusted by users. Employees, for example, can be given limited access to financial information, whereas accountants can be given extra administrator privileges.

21. Kashoo

The Kashoo business accounting software is designed to assist small business owners in automating most of the administrative work associated with bookkeeping.

Kashoo understands your business as you use it, thanks to its machine-learning algorithms. Kashoo also analyses everything from receipt categorisation to sales tax tracking, allowing the programme to give personalised recommendations on how to save money, reduce waste, and improve overall efficiency.

Choosing a suitable accounting software is important for any company as it helps to increase performance financially. There is a range of factors to consider when deciding which accounting software is good for your business. It all depends on how well your company has grown, how you plan to organise the financial data and compliance with all financial laws and regulations featured by the software.

Factors to Consider When Choosing an Accounting Software in Malaysia

Different softwares operate differently, and you ought to become familiar with them before using one on a regular basis.

Fortunately, all accounting softwares we recommend above come with a free trial period during which you may test out their services for free. Whatever programme you use, seek for the following key features:

A. Automation

The software should be able to automate certain tasks you need to perform on a regular basis. It should also be able to automatically update.

B. Customisation

Opt for a solution that allows you to easily customise statements, forms, reports, screens, and even interface components.

C. Interoperability

Because not everyone will be using the same software as you, it’s especially helpful if the reports and data provided by the programme can be quickly shared and generated with your suppliers, clients, or other members of your team as needed.

D. Security

This goes without saying, but if the software that manages your money is prone to being tampered with, your business will be in huge trouble.

It is important for you as a business owner to understand your own business requirements. What are your requirements for the business? How much are you willing to pay for the software? You have to carefully understand your needs and make a wise choice because the decision is all yours.

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