As your business grows from a single Sdn Bhd to a group with subsidiaries, basic accounting software breaks down. You need Multi-Entity Management to see the full picture without logging in and out 10 times a day.
See cash flow, sales, and expenses for all 5 subsidiaries on a single dashboard.
Automate "Due To / Due From" journals. When HQ pays a bill for Sub-A, the entries post to both books instantly.
Generate a Group Balance Sheet in one click, eliminating days of Excel merging.
The "Excel Consolidation" Trap
Most SMEs try to manage group accounts by exporting 5 different Trial Balances to Excel and manually summing them up. This is dangerous because:
- Version Control: "Final_v3.xlsx" is rarely the final version.
- Currency Errors: If one subsidiary is in Singapore (SGD), manual forex conversion is prone to mistakes.
- Audit Risk: Auditors cannot trace the numbers back to the source transaction easily.
Best Software for Groups
1. QNE AI Cloud (Premium)
Best for SMEs scaling up. Offers a "Group Dashboard" and automated inter-company billing features tailored for Malaysian holding structures.
Recommended2. Xero (with Multi-Org)
Good for global visibility, but requires a separate subscription for each entity, which can get expensive quickly. Consolidation often requires an add-on like Spotlight Reporting.
3. Oracle NetSuite
The enterprise standard. Extremely powerful but typically costs RM100k+ to implement. Overkill for most Malaysian SMEs.
Is Your Group Ready?
If you have more than 3 entities or spend more than 2 days a month on consolidation, it's time to upgrade.
David Cheah
Senior Financial Systems AnalystDavid is a chartered accountant (MIA) with over 15 years of experience in Malaysian SME financial systems. He specializes in digital transformation, e-Invoice compliance, and cloud accounting migration. His independent reviews help businesses navigate the complex landscape of accounting software in Malaysia.