A trusted and easy to use accounting software is essential in any size business. Most businesses are using accounting software to make the financial processes more manageable as well as keep track of sales, purchases, and expenses. Finding a software that is designed with the legal and business structure in mind is essential to keep business running smoothly and ensure the company is staying successful. Every business needs an accountant or software that is user friendly with laws and regulations in mind. There are numerous accounting software to choose from, but below, we will be focusing on the top 10 most popular accounting software in Malaysia. You will be sure to find software that best fits your business’s needs regardless of how big or small it may be.
Top 10 Accounting Software in Malaysia
SQL is the most prominent and fastest growing GST certified accounting software that caters to any size business, large or small. The software has a user-friendly interface and offers a vast set of features that makes generating reports and keeping track of expenses easier than ever. One of the significant advantages of using the SQL software is it aides in financial decision-making and generates reports of business analytics. SQL can also serve as a point of sale that manages your inventory, allows information to direct from cashiers to the central accounting center, and can even help keep track of your manufacturing volume.
- Used by over 230,000 companies
- SQL was awarded the 2019 Best Accounting Software
2. Inuit Quickbooks
Quickbooks is a great accounting software for creating invoices as well as managing quotes and purchase orders. The accounting software also makes it easy to keep track of GST transactions and gives you the option to generate the GST-03 form effortlessly. Quickbooks can save you time with its ability to electronically send invoices and the simplicity of creating repeating invoices if that applies to your business.
3. Auto Count
This accounting software has gained popularity, mainly because of its cloud-based program. Due to this, it eradicates the need to keep hard copies of account entries and vouchers, putting the focus on analysis and data entry. AutoCount also has a reliable security infrastructure that allows independent logins and limited access credentials, that only allows staff to modify any information on the account. Most accounting software comes with a backup feature and Autocount is no different, giving you peace of mind on your accounts.
The software became widely known for its easy to use interface. It is a cloud-based system that provides businesses with well-built policy-based protections and audit trails that will protect business finances. Like most accounting software, it provides you with inventory management as well as the ability to track invoicing and expenses. One last feature worth mentioning is the ability to keep track of a small sized payroll.
Biztory is perfect for the less tech-savvy individuals who needs a simple and user-friendly accounting software, it is also ideal for any small to medium sized business in Malaysia. It is another cloud-based software that features an e-invoicing and billing system, data tracking and monitoring for customer statements, and inventory management among other functions. Biztory can be easily accessed on any computer, phone, or tablet, making it a flexible and convenient option for businesses.
6. Million Accounting
Million accounting software goes hand in hand with Microsoft Excel, which is widely used by businesses to generate and maintain reports. The software is also similar to the interface of Microsoft Excel, which makes it extremely popular in the less structured business that relies less on administrative practices. Although it is not suited for companies that grow large, it does support different currency inputs and can hold many business accounts.
This accounting software makes it easy to process tax-based transactions while including functional tools that can help navigate businesses through GST and other tax practices. Businesses who have a lot of GST-related operations are able to file their returns with ease and on time with the MYOB accounting software. Another great feature of MYOB is the ability to integrate with mobile apps, making it flexible with the information you need right at your fingertips.
8. Mr. Accounting
The software features a stylish and well-designed user interface that can quickly give your business a fresh new face. Mr. Accounting software is equipped with GST enhancements and can be customized to meet the needs of the business. This software also includes support available to its users to help with troubleshooting issues and knowledge on how to best use the accounting software.
9. Office Central
Office Central is another popular accounting software used by businesses in Malaysia. This accounting software makes it easier than ever to track financial reports such as profit and loss statements, balance sheets, and much more anytime you need. Another great feature is the ability to create separate financial reports if your business has multiple branches, which makes it easy to track the branch with higher or lower profits at any point in time. Office Central also makes it easy to manage multiple branches from multiple locations.
10. Sage UBS
The Sage UBS accounting software is a simplified process to your accounting needs. The software eases the planning of Accounts Payables, Accounts Receiving, and General Ledger. Financial data is easily integrated with the payroll structure, and it comes with a setup Wizard system that speeds up processes.
Choosing the right accounting software to meet you and your businesses needs is vital to increase financial performance. When considering your choices, there is a wide range of factors to include in your decision. In making the right decision, you need to consider the size of your business as well as potential growth. You should also take into consideration how you plan to organize the financial data and be sure that you are in compliance with any laws and regulations. Also, keep in mind the requirements of your business and how much you are willing to spend on your accounting software. Be sure to study all your choices in order to make an informed decision.