Question 1

What is the best accounting software for small businesses in Malaysia?

Accepted Answer

The best accounting software depends on your specific needs. QNE AI CLOUD Accounting Software is excellent for cloud-based operations with AI features and e-invoice compliance, priced at RM 59-129/month. AutoCount offers flexibility with both desktop and cloud options starting at RM 1,599 for desktop or RM 70/month for cloud. SQL Account is ideal if you prefer perpetual licensing with a 10-year price guarantee. Consider your budget, team size, deployment preference (cloud vs desktop), and specific features like multi-location or multi-currency support when choosing.

Question 2

Which accounting software is best in Malaysia for 2025?

Accepted Answer

For 2025, the top accounting software choices in Malaysia are QNE AI CLOUD Accounting Software for AI-powered automation and e-invoice compliance, AutoCount for comprehensive ERP features and strong local support, SQL Account for perpetual licensing and robust inventory management, Xero for international businesses needing app integrations, and QuickBooks for user-friendly small business accounting. The best choice depends on your business size—QNE AI CLOUD and Financio suit startups and small businesses, while AutoCount and SQL Account are better for growing SMEs with complex inventory needs. All major platforms now support LHDN e-invoice compliance, which is mandatory from 2025.

Question 3

Is QNE AI CLOUD Accounting Software suitable for Malaysian businesses?

Accepted Answer

Yes, QNE AI CLOUD Accounting Software is specifically designed for Malaysian businesses. It offers full LHDN e-invoice compliance with Peppol certification, supports Malaysian tax requirements including SST, handles multi-location operations common in Malaysian retail and F&B businesses, and provides local customer support. The AI-powered features help automate invoice processing and bank reconciliation, saving time for Malaysian SMEs. Pricing is transparent in Ringgit Malaysia (RM 59-129/month) with no hidden costs, making it accessible for businesses of all sizes.

Question 4

What is QNE AI CLOUD accounting system?

Accepted Answer

QNE AI CLOUD Accounting Software is a Malaysian-developed cloud accounting platform that uses artificial intelligence to automate accounting tasks. Key features include AI-powered invoice data extraction from scanned documents, intelligent bank reconciliation that matches transactions automatically, LHDN e-invoice compliance with Peppol certification, multi-location management for retail and F&B businesses, and real-time financial reporting accessible from anywhere. Unlike traditional accounting software that requires manual data entry, QNE AI CLOUD uses machine learning to categorize expenses, predict cash flow, and reduce manual work by up to 70%. It's designed specifically for Malaysian SMEs with local tax compliance, RM currency support, and Malaysian customer service.

Question 5

What is LHDN e-invoice compliance and which software supports it?

Accepted Answer

LHDN e-invoice is Malaysia's mandatory electronic invoicing system managed by Lembaga Hasil Dalam Negeri (Inland Revenue Board). Starting from 2025, businesses must generate and transmit invoices electronically to the MyInvois system. All major accounting software in Malaysia now support e-invoice: QNE AI CLOUD Accounting Software offers Peppol-certified integration with automatic transmission, AutoCount provides e-invoice modules for both desktop and cloud versions, SQL Account includes e-invoice features in all plans, and international platforms like Xero and QuickBooks have added Malaysian e-invoice compliance. When choosing software, verify it has Peppol certification and automatic MyInvois integration to ensure seamless compliance.

Question 6

What software do most accountants use in Malaysia?

Accepted Answer

Most accountants in Malaysia use SQL Account, AutoCount, or QNE AI CLOUD Accounting Software for local businesses. SQL Account is particularly popular among accounting firms due to its perpetual licensing model and comprehensive features. AutoCount is widely used for businesses with complex inventory needs. QNE AI CLOUD Accounting Software is gaining popularity for its AI automation features that reduce manual data entry. For multinational companies, Xero and QuickBooks are common choices due to their international presence and app ecosystems. Large enterprises typically use SAP or Oracle ERP systems. The choice often depends on the accountant's client base—local SMEs typically use Malaysian software, while international clients may require global platforms.

Question 7

Should I choose cloud-based or desktop accounting software?

Accepted Answer

Cloud-based accounting software like QNE AI CLOUD, Xero, or QuickBooks offers anywhere access, automatic backups, real-time collaboration, and no IT maintenance, making it ideal for remote teams, multi-location businesses, and companies wanting automatic updates. Desktop software like SQL Account or AutoCount Desktop provides one-time purchase options, works offline, offers faster performance for large datasets, and gives you full data control. Choose cloud if you need mobility, have remote teams, prefer subscription pricing, or want automatic compliance updates. Choose desktop if you prefer perpetual licensing, need offline access, have concerns about internet reliability, or want to avoid recurring fees. Many businesses use hybrid solutions, with AutoCount and SQL Account offering both deployment options.

Question 8

Is Xero used in Malaysia?

Accepted Answer

Yes, Xero is used in Malaysia, particularly by businesses with international operations, startups backed by foreign investors, and companies that need extensive third-party app integrations. Xero offers Malaysian localization including SST compliance, LHDN e-invoice support, and RM currency. However, Xero is priced in USD ($14.50-37.50/month), which can be more expensive than local alternatives. Local software like QNE AI CLOUD Accounting Software, AutoCount, and SQL Account often provide better value for purely Malaysian operations with more comprehensive local support networks. Choose Xero if you need its 1,000+ app marketplace integrations, have international subsidiaries, or your investors/partners already use Xero. Choose local software if you want RM pricing, stronger local support, and Malaysian-specific features.

Question 9

How much does accounting software cost in Malaysia?

Accepted Answer

Accounting software pricing in Malaysia varies widely. Cloud subscriptions range from RM 1/month (Financio promotional) to RM 150/month (AutoCount Cloud premium). QNE AI CLOUD Accounting Software costs RM 59-129/month depending on features. AutoCount Cloud is RM 70-150/month, while SQL Cloud is RM 79-109/month. International platforms like Xero ($14.50-37.50 USD/month with current 50% promotion) and QuickBooks (RM 27.59-110.70/month with 70% promotion) often have promotional pricing. Desktop software requires one-time purchases: AutoCount Desktop is RM 1,599-3,599, SQL Account is RM 2,699-4,099, and ABSS Desktop is RM 2,299-4,799. Consider total cost of ownership including implementation, training, and annual support fees when comparing.

Question 10

What is the difference between QNE AI CLOUD and AutoCount?

Accepted Answer

QNE AI CLOUD Accounting Software and AutoCount are both popular Malaysian accounting solutions with key differences. QNE AI CLOUD focuses on AI-powered automation with features like automatic invoice extraction, intelligent bank reconciliation, and predictive analytics—ideal for businesses wanting to reduce manual data entry. AutoCount offers comprehensive ERP features including advanced inventory management, manufacturing modules, and POS integration—better for businesses with complex operational needs. Pricing differs: QNE AI CLOUD is subscription-based (RM 59-129/month) while AutoCount offers both desktop (RM 1,599-3,599 one-time) and cloud (RM 70-150/month) options. Both support LHDN e-invoice compliance and have strong local support networks. Choose QNE AI CLOUD for AI automation and simpler operations; choose AutoCount for complex inventory, manufacturing, or retail POS needs.

Question 11

Can accounting software handle multi-location businesses in Malaysia?

Accepted Answer

Yes, several platforms support multi-location operations. QNE AI CLOUD Accounting Software offers centralized management for multiple branches with location-specific reporting and consolidated financial statements, ideal for retail chains and F&B businesses. AutoCount supports multi-location with branch-level inventory tracking and inter-branch transfers. SQL Account provides multi-company and multi-location features in higher-tier plans. ABSS includes multi-location capabilities for businesses with multiple outlets. However, budget platforms like Financio have limited multi-location features. If you operate multiple branches, verify the software supports centralized inventory management, inter-branch transactions, location-specific reporting, and consolidated financial statements before purchasing.

Question 12

Which accounting software is best for startups in Malaysia?

Accepted Answer

For Malaysian startups, the best accounting software depends on your funding stage and complexity. Financio offers an affordable entry point at RM 1/month (promotional pricing) with essential features for early-stage startups. QNE AI CLOUD Accounting Software (RM 59/month Starter plan) provides AI automation that saves time for resource-constrained startups. QuickBooks (from RM 27.59/month with 70% discount) is popular with startups seeking foreign investment due to its international recognition. For startups expecting rapid growth, AutoCount Cloud (RM 70/month) offers scalability with inventory and POS features. Key features startups should prioritize: e-invoice compliance (mandatory from 2025), cloud access for remote teams, scalability as you grow, and integration with banking and e-commerce platforms. Avoid over-investing in complex ERP systems until your operations require them.

Question 13

What is the difference between QNE AI CLOUD and traditional accounting software?

Accepted Answer

QNE AI CLOUD Accounting Software incorporates artificial intelligence to automate routine tasks, while traditional software requires manual data entry. Key AI features include automatic invoice data extraction from scanned documents, intelligent bank reconciliation that matches transactions automatically, predictive analytics for cash flow forecasting, and smart categorization of expenses. Traditional software like SQL Account or AutoCount Desktop requires manual entry and reconciliation. The AI capabilities in QNE save significant time—what might take hours manually can be completed in minutes. However, traditional software often costs less upfront (perpetual licenses vs subscriptions) and may offer more customization options. Choose QNE AI CLOUD if you want automation and time savings, or traditional software if you prefer lower long-term costs and don't need AI features.

Question 14

Which accounting software is best for e-invoice compliance in Malaysia?

Accepted Answer

All major accounting software in Malaysia now support LHDN e-invoice compliance, but implementation quality varies. QNE AI CLOUD Accounting Software offers Peppol-certified e-invoice with automatic MyInvois transmission, real-time validation, and AI-powered invoice data extraction. AutoCount provides e-invoice modules for both desktop and cloud versions with batch processing capabilities. SQL Account includes e-invoice in all plans with direct LHDN integration. Xero and QuickBooks have added Malaysian e-invoice support but may have fewer local-specific features. When evaluating e-invoice readiness, check for Peppol certification, automatic transmission to MyInvois, real-time validation before submission, bulk invoice processing, and error handling with clear notifications. QNE AI CLOUD and AutoCount are particularly strong for businesses processing high invoice volumes.

Question 15

How do I migrate data from my current accounting software?

Accepted Answer

Most accounting software providers in Malaysia offer data migration services. QNE AI CLOUD Accounting Software provides migration assistance from Excel, AutoCount, SQL Account, and other platforms, with dedicated support teams to ensure accurate data transfer. The typical migration process involves exporting data from your current system (chart of accounts, customer/supplier lists, outstanding invoices, inventory items), cleaning and formatting data to match the new system's requirements, importing into the new software with validation checks, and parallel running both systems for 1-2 months to verify accuracy. Professional migration services cost RM 1,000-5,000 depending on data complexity. Most vendors offer free migration for annual subscriptions. Plan migration during slow business periods and allocate 2-4 weeks for complete transition including staff training.

Question 16

Do I need accounting software if I already use Excel?

Accepted Answer

While Excel works for very small businesses, accounting software offers significant advantages as you grow. Accounting software provides automatic GST/SST calculations and compliance reporting that Excel requires manual formulas for, mandatory LHDN e-invoice integration that Excel cannot provide, automatic bank reconciliation instead of manual matching, real-time financial reports without manual consolidation, multi-user access with permission controls, and audit trails for compliance. Excel is suitable only for micro-businesses with under 50 transactions monthly, single-person operations, and simple cash-based accounting. Upgrade to accounting software when you need GST/SST compliance, have multiple users, require e-invoice compliance, process over 100 transactions monthly, or need professional financial reports. Entry-level options like Financio (RM 1/month promotional) make the transition affordable.

Question 17

What features should I look for in accounting software for Malaysian businesses?

Accepted Answer

Essential features for Malaysian businesses include LHDN e-invoice compliance with Peppol certification and MyInvois integration, SST (Sales and Service Tax) management with automatic calculations and reporting, Malaysian Ringgit (RM) as base currency with multi-currency support if needed, local bank integration for automatic transaction imports, and Malaysian financial report formats compliant with local accounting standards. Additional valuable features include inventory management for retail businesses, multi-location support for businesses with branches, payroll integration for staff management, mobile apps for on-the-go access, and API integration with e-commerce platforms. QNE AI CLOUD Accounting Software, AutoCount, and SQL Account all provide these essential Malaysian-specific features. International platforms like Xero and QuickBooks have added Malaysian localization but may lack some local features like specific SST report formats.

Question 18

Which is the best law firm accounting software in Malaysia?

Accepted Answer

For law firms in Malaysia, specialized features like trust accounting, matter-based billing, and time tracking are essential. QNE AI CLOUD Accounting Software offers solutions for professional services including legal practices with client trust account management and project-based billing. AutoCount has modules suitable for service businesses with time-based billing. For dedicated legal practice management, consider specialized solutions like Clio or PracticePanther that integrate with general accounting software. Key features law firms need include client trust account management (required by Bar Council), matter-based time tracking and billing, conflict checking capabilities, document management integration, and compliance with Legal Profession Act requirements. Many Malaysian law firms use a combination of legal practice management software for client matters and general accounting software like QNE AI CLOUD or SQL Account for financial management.

Question 19

How do I choose between local and international accounting software?

Accepted Answer

Choose local Malaysian accounting software (QNE AI CLOUD, AutoCount, SQL Account) if you operate primarily in Malaysia, want RM pricing without currency fluctuations, need strong local support with Bahasa Malaysia options, require deep SST and e-invoice compliance, or prefer dealing with local vendors. Choose international software (Xero, QuickBooks) if you have foreign investors who require familiar platforms, operate across multiple countries, need extensive third-party app integrations, or plan to expand internationally. Local software typically offers better value for Malaysian SMEs with more comprehensive local tax features and support. International software provides broader ecosystems but may cost more and have less specialized Malaysian features. Consider hybrid approaches—some businesses use local software for Malaysian operations and international platforms for overseas subsidiaries.

Software	Deployment	Pricing	Rating
QNE AI Cloud	Cloud	RM 62-500/mo	4.5/5
AutoCount	Desktop & Cloud	RM 1,599-3,599 (desktop) / RM 70-150/mo (cloud)	4/5
SQL Account	Desktop & Cloud	RM 2,699-4,099 (desktop) / RM 79-109/mo (cloud)	4/5
Xero	Cloud	$14.50-37.50 USD/mo (promo)	4/5
QuickBooks	Cloud	RM 27.59-110.70/mo (promo)	3.5/5
Financio	Cloud	RM 1-85/mo	3.5/5
ABSS	Desktop & Cloud	RM 999-1,399/yr (cloud) / RM 2,299-4,799 (desktop)	3.5/5

Best Accounting Software Malaysia 2025

Why Choose Our Accounting Software Malaysia Guide?

Best Accounting Software Malaysia - Feature Comparison

Popular Comparisons

AutoCount Comparisons

SQL Account Comparisons

Helpful Guides

Accounting Software Malaysia - Frequently Asked Questions