Which accounting software is best in Malaysia?

Choosing the most appropriate accounting software in Malaysia depends on the size of your business, industry, and requirements. Some of the top picks are characterized by their robust features, local regulatory compliance, and user-friendly interfaces, which make them suitable for both small and medium-sized businesses (SMEs) and large enterprises.

SQL Account is widely regarded as a top choice, serving over 270,000 Southeast Asian businesses. It offers fully featured tools, including e-invoicing, multi-currency functionality, and support for Malaysia's SST and LHDN e-invoice mandates. Its adaptability—available in cloud and on-premises models—along with unlimited invoicing and comprehensive customer support, makes it suitable for many industries like trading, manufacturing, and services.

Bukku is another excellent option, particularly for SMEs. With simplicity as its design objective, it automates bank reconciliation, expense tracking, and invoicing, with LHDN e-invoicing included at no extra cost. With over 50,000 users, its payment gateway integration and affordable pricing attract businesses seeking efficiency without complexity.

QuickBooks Online and Xero follow closely, providing cloud-based solutions with international recognition. QuickBooks shines with expense tracking and reportable customization, while Xero is great at bank reconciliation and payroll—both are designed according to Malaysian tax regulations.

For scalability-oriented businesses, AutoCount offers advanced accounting and inventory control features with more than 600,000 customers. Lastly, SQL Account stands as the best option for covering market space and flexibility, but Bukku, QuickBooks, or Xero may suit thrifty SMEs with global compatibility needs. Analyze your business needs and budget to choose the perfect fit.