Top 10 Accounting Software in Malaysia (2025)

Looking for the best accounting software in Malaysia in 2025?

You’re in the right place, you are at an accounting site after all. We’ve narrowed down the top-performing and user-friendly accounting software solutions for small and mid-sized businesses looking to simplify SST, manage books efficiently, and prepare for sustainable growth.

From cloud-based invoicing to SST-ready ledgers, these platforms have become essential to day-to-day finance in Malaysia.

Comparison Table: Malaysia’s Top 10 Accounting Software (2025)

Disclaimer: Prices and features listed in this guide are accurate as of 2025 and based on publicly available data. Actual offerings may vary depending on software plans, vendor promotions, or updates. We recommend verifying details with the provider before making any purchasing decision.

1. AutoCount

AutoCount stands out for its depth in local tax compliance and business operations support.

Built specifically for Malaysian businesses, AutoCount is more than just a ledger. It provides a full suite that includes SST tracking, inventory control, sales modules, and even POS system integration. 

Its flexibility in both cloud and on-premise deployment makes it attractive to businesses operating across multiple outlets or needing tighter control of their IT infrastructure.

Core Features Offered:

• SST Accounting Module: Automatically handles SST reporting formats and calculations in compliance with Malaysian tax law.
• Inventory & Stock Control: Real-time stock tracking with multi-location support, ideal for trading, manufacturing, and distribution sectors.
• Multi-User & Branch Access: Enables permissions by user role or location, ensuring proper control without siloed systems.
• POS & Billing Integration: Syncs with AutoCount POS system for real-time sales data entry into accounting.
• Customisable Reports: Offers industry-specific templates for financial, sales, and audit reports.

Businesses who want to secure their local finance operations without overpaying for international systems will find AutoCount to be highly cost-efficient and scalable.

“We rely on AutoCount to manage our daily sales and SST filings across all four branches. It’s localised, customisable, and powerful without being overly complex.”— Finance Manager, Mid-Sized Retail Chain

Best For: SMEs with compliance and inventory management needs

2. SQL Account

SQL Account is a robust hybrid system balancing desktop reliability with cloud convenience.

For Malaysian SMEs that require layered user controls and SST compliance, SQL Account handles everything from quotations and purchases to cash flow and audit trails. Its modular approach means you can tailor the system to your business, adding payroll, stock, or multi-currency support if needed.

Core Features Offered:

• Dual Deployment Option: Use offline for sensitive data or remote areas, and cloud for access across branches.
• SST-Ready Modules: Includes SST-02 report generation and tax configuration by item code or service type.
• Advanced Inventory System: Tracks item batches, expiry dates, serial numbers, and stock reorder alerts.
• Audit Trail & Access Log: Every edit is tracked with timestamp and user identity—essential for compliance.
• Cheque Writer & Payment Vouchers: Built-in tools for banking and supplier payments simplify cash flow tracking.

SQL Account is especially strong in sectors where layered approval, inventory control, and document trails are essential such as manufacturing or distribution.

Best For: Businesses that need flexibility across departments or locations

3. Xero

Xero is a modern cloud accounting software trusted globally for its automation and usability.

In Malaysia, Xero is favoured by startups, tech companies, and professional services that need multi-currency invoicing, seamless app integration, and real-time financial dashboards. Although SST setup may need accountant assistance, it’s widely compatible with local workflows.

Core Features Offered:

• Real-Time Dashboards: Instantly visualise cash flow, sales trends, and overdue invoices from a single view.
• Payroll & Leave Add-ons: Integrates easily with payroll tools like Talenox or HReasily for salary processing.
• Multi-Currency Billing: Automates FX conversions, ideal for companies dealing in USD, SGD, or EUR.
• Bank Feeds & Reconciliation: Syncs with major Malaysian banks to simplify daily finance tasks.
• 800+ Third-Party App Integrations: Connect to POS, CRM, inventory, and reporting tools in a few clicks.

Best For: Digital-first firms with remote or multi-country operations

4. QuickBooks Online

QuickBooks is one of the most recognisable names in small business accounting, with a strong track record for intuitive design and automation.

Favoured by freelancers, consultants, and home-based businesses, QuickBooks Online provides all the essentials, from bank feed imports to income categorisation and ready-to-file GST reports. 

Core Features Offered:

• Automated Bank Feeds: Syncs with major banks to categorise income and expenses in real time.
• Pre-Built Reports: GST summaries, P&L, and cash flow statements ready with one click.
• Invoice Tracking: Sends branded invoices and reminders, with online payment links.
• Mobile Access: Manage your accounts from your phone or tablet on the go.
• Third-Party Integrations: Connect to tools like PayPal, Shopify, and Stripe for added utility.

For small service firms, QuickBooks Online offers a simple learning curve without sacrificing reporting power. 

Best For: Freelancers and consultants needing global, intuitive software

5. Wave Accounting

Wave stands out as one of the only truly free accounting tools that still delivers practical value.

Designed for freelancers, solopreneurs, and very small teams, Wave offers cloud-based invoicing, expense tracking, and receipt scanning, all at zero cost. While it lacks SST support, it’s ideal for non-registered businesses or those under the SST threshold.

Core Features Offered:

• Free Unlimited Invoicing: Create and send branded invoices with payment tracking.
• Bank Sync & Categorisation: Import transactions and categorise them with AI assistance.
• Receipt Scanning: Snap receipts with the mobile app and auto-log expenses.
• Basic Reporting: P&L, balance sheets, and cash flow at-a-glance.
• Simple Interface: Designed for non-accountants with minimal setup required.

Wave is best suited for early-stage ventures that want a zero-cost solution while keeping books clean. It’s ideal for freelancers or gig workers just starting out in Malaysia.

“Wave was my first accounting system, it’s free, fast, and works for invoicing clients worldwide.” Jonathan Wong, Freelance UX Designer from  Kuala Lumpur

Best For: Side hustlers and early-stage solopreneurs

6. Financio

Financio is a locally-built cloud accounting solution that prioritises simplicity and compliance for small businesses.

From SST reporting to bank reconciliation, Financio’s intuitive interface and bilingual support (English and Bahasa Malaysia) make it easy for non-accountants to manage daily finance tasks. 

Core Features Offered:

• SST Compliance: Automatically calculates and generates SST-02 forms, including itemised tax categories.
• Bank Feed Integration: Links with major Malaysian banks to streamline reconciliation.
• Multilingual Support: Full interface available in Bahasa Malaysia, ideal for local teams.
• Mobile Access & Cloud Storage: Access reports and dashboards from any device, anywhere.
• Collaboration Tools: Share access with external accountants or tax agents in real time.

Financio is a top choice for first-time accounting software users who want peace of mind without the steep learning curve. Its focus on local relevance (great for local markets) and ease-of-use makes it especially effective for SME owners handling accounts themselves.

Best For: Micro and small enterprises with limited accounting background

7. Zoho Books

Zoho Books is a feature-rich accounting tool tailored for businesses that run on digital automation and prefer integrated platforms.

Part of the broader Zoho ecosystem, it works seamlessly with Zoho CRM, Inventory, and Payroll, making it a central finance hub for tech-forward companies. 

Core Features Offered:

• Workflow Automation: Set up automatic reminders, approvals, and recurring invoices.
• Client Portal: Let customers view invoices, accept quotes, and make payments securely online.
• Project-Based Accounting: Track income, expenses, and profitability for each project.
• Multi-Currency & FX Management: Ideal for startups working across borders.
• Zoho Ecosystem Integration: Links directly with CRM, HR, inventory, and email tools.

Zoho Books is perfect for modern businesses that rely on a digital-first workflow. With everything from billing to reporting under one login, it simplifies operations and saves time.

Best For: Tech-integrated companies using Zoho suite

8. Million Accounting

Million Accounting offers a rare advantage in today’s subscription-heavy software market: a one-time license.

Suited for traditional businesses or those with tighter budgets, Million delivers all the essential accounting features like SST support, payroll modules, and financial reporting, all within a desktop environment. It’s popular among firms that prefer to keep financial systems offline or in-house.

Core Features Offered:

• Lifetime License Option: Pay once, no recurring monthly fees.
• SST-Compliant Accounting: Includes SST reports and tax handling suitable for Malaysian requirements.
• Modular Add-Ons: Add payroll, stock, or invoicing only if needed.
• Desktop-Based Stability: Operates without internet dependency, ideal for locations with unstable connectivity.
• Simple Interface: Easy to train staff, especially for those migrating from Excel or manual books.

Million is ideal for companies that value local control over cloud dependency. It provides long-term value for firms who want full functionality at a fixed cost.

Best For: Traditional firms wanting cost-effective, non-cloud tools

9. ABSS (formerly MYOB)

ABSS continues to serve Malaysian businesses that rely on legacy software with strong fundamentals.

With a focus on accounting essentials like general ledgers, AR/AP, and statutory reporting, ABSS is well-suited to companies that have long-standing internal finance teams. It’s stable, proven, and doesn’t try to be more than what it is, a reliable accounting workhorse.

Core Features Offered:

• Standardised Chart of Accounts: Clean account structures for easy auditing and reporting.
• Accounts Payable/Receivable Modules: Manage vendor payments, credit terms, and collection tracking.
• Multi-User Access: Role-based controls for larger teams within the finance department.
• Custom Report Templates: Supports compliance with Malaysia’s Companies Act requirements.
• Offline Software with Optional Cloud Add-On: Keep it local or extend online as needed.

ABSS is ideal for mid-sized firms that have established internal workflows and want a no-surprises software backbone.

Best For: Mid-sized firms already using ABSS/MYOB ecosystem

10. Talenox

Talenox is a dedicated cloud-based payroll and HR management system, trusted by small to mid-sized companies for compliance and ease of use.

While not a full accounting solution, Talenox fills an essential gap for businesses that need automated payroll processing, statutory calculations, and clean recordkeeping that aligns with LHDN, EPF, and SOCSO standards.

Core Features Offered:

• Statutory Compliance: Automatically calculates and files PCB, EPF, SOCSO, and EIS.
• Online Payslip Generation: Send secure, trackable payslips to employees each month.
• Leave Management System: Integrated leave requests, balances, and approvals.
• Employee Database & Onboarding: Store, manage, and onboard staff securely in the cloud.
• Xero Integration: Seamlessly links payroll data to Xero for consolidated financial reporting.

Talenox is ideal for SMEs that have in-house accounting tools but lack dedicated payroll management. It ensures compliance without the complexity of full-fledged HR systems.

“Talenox makes our payroll stress-free, payslips, EPF, and leave are all in one place, ready for LHDN audits.” — Farah, a Startup HR Manager.

Best For: Businesses looking for standalone payroll with compliance features

Find the Right Accounting Software for Your Business

At Accounting.my, we understand that choosing the right accounting software isn’t just about ticking off features, it’s about finding a system that works seamlessly with your operations, compliance needs, and future plans.

If you’re leaning toward AutoCount, we provide it directly with local support, implementation assistance, and expert onboarding. You don’t just get the software, you get a partner who understands your business.

Still comparing options? We’re here to help you evaluate, demo, and decide, without the pressure.