Small and medium enterprises (SMEs) in Malaysia are becoming more digital than ever. From managing customers online to automating their daily finances. This shift isn’t just about convenience. With Lembaga Hasil Dalam Negeri (LHDN) rolling out the national e-invoicing system (MyInvois), digitalisation has become essential for every business owner.

One of the biggest steps you can take to prepare your business for this transition is to invest in the right accounting software, one that’s e-invoice ready and designed for Malaysian SMEs.

The Rise of Accounting Software Among Malaysian SMEs

In recent years, more SMEs are adopting digital tools to manage bookkeeping, invoicing, and cash flow. Manual spreadsheets are making way for automated cloud accounting systems that are faster, safer, and more accurate.

The introduction of LHDN’s e-invoicing system (MyInvois) is further accelerating this change. By 2025, most businesses will need to issue e-invoices that comply with government validation standards. This makes it crucial for SMEs to choose accounting software that’s not only easy to use but also compliant with Malaysia’s e-invoicing requirements.

One platform that checks all these boxes is Bukku, a local cloud-based accounting software that thousands of Malaysian SMEs prefer for its simplicity, automation, and compliance features.

Learn more about Malaysia’s e-invoicing requirements in our Comprehensive Guide to E-Invoicing in Malaysia.

Key Features to Look For in an Accounting Software

When selecting accounting software for your business, it’s important to consider features that go beyond just bookkeeping. The right tool should save you time, reduce human error, and make tax submissions easier.

Here are a few must-have features:

1. Automation and Efficiency

Choose a system that automates tasks such as invoicing, expense tracking, and report generation. Automation helps reduce manual data entry and ensures greater accuracy across your financial records.

2. 100% Free Invoicing Feature

Look for software that lets you issue and manage invoices easily. Some solutions like Bukku even offer free invoicing features, which can be especially useful for SMEs managing tight cash flow.

3. Digital Receipt Management

Modern accounting software often includes features to scan and store receipts automatically. Bukku’s Digital Shoebox, for instance, helps business owners keep digital copies of their expenses in one place for easier tracking.

4. Tax-Ready Reporting

Comprehensive reporting tools are essential for smoother tax submissions. Some platforms, including Bukku, offer built-in templates and reports that align with LHDN’s accounting requirements, making year-end processes more efficient.

5. Cloud-Based Access

Cloud accounting software lets you access your accounts anytime, anywhere. A key advantage for mobile business owners or teams working remotely.

6. Free Support and Online Training

For SMEs new to digital accounting, responsive customer support and onboarding resources can make a big difference. Look for providers that offer live chat or online tutorials to help you get started quickly.

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Why E-Invoice Ready Systems Like Bukku Matter

E-invoicing is becoming a key part of business compliance in Malaysia. Using software that can integrate with LHDN’s MyInvois and the Peppol e-invoicing network allows your business to automatically validate and submit invoices to the government portal without manual uploads or extra steps.

Bukku’s e-invoice ready system helps SMEs:

  • Eliminate manual data entry errors.
  • Stay compliant with current and upcoming e-invoicing regulations.
  • Manage all invoices, receipts, and reports from one platform.

This seamless integration saves valuable time and reduces the stress of staying compliant.

Want to understand e-invoicing requirements? Read our article on E-Invoicing Required Format to know what to include and stay compliant 

How Accounting Software Bukku Simplifies SME Financial Management

Bukku isn’t just about compliance. It makes financial management simpler for small businesses. Businesses can perform all tasks from invoicing to expense tracking and reporting all in one clean dashboard.

Because it’s cloud-based, Bukku ensures your data is always secure and accessible. Business owners can monitor transactions in real-time, view outstanding payments, and generate accurate reports within minutes.

Funding Societies x Bukku Campaign Overview

To help Malaysian SMEs take their next step in digital transformation, Funding Societies Malaysia is partnering with Bukku to make accounting software more accessible and affordable.

Through our limited time campaign, eligible SMEs that apply for Micro Financing/-i can enjoy:

  • 3 months of free Bukku Elite Plan access (+4 additional months with an annual plan subscription).
  • RM500 cash reward for the first 10 SMEs whose Micro Financing/-i applications are successfully disbursed during the campaign period.

This partnership aims to empower SMEs with both financing support and digital tools so business owners can stay compliant, improve cash flow, and grow with confidence.

RM500 Cash Reward Details

The RM500 cash prize will be awarded on a first-come, first-served basis to the first 10 approved and disbursed Micro Financing/-i applications within the campaign period (15 October to 15 December 2025).

Funds will be credited directly to the recipient’s registered business bank account within 60 days after 31 December 2025.

How to Apply and Redeem Bukku Accounting Software

Getting started is quick and simple:

  1. Apply for Micro Financing/-i through the official campaign page.
  2. Receive a confirmation email with your Bukku coupon code.
  3. Activate your Bukku account and enjoy your complimentary subscription.

Take the Next Step Toward Smarter Accounting

Digitalising your finances is more than a compliance requirement — it’s an investment in your business efficiency and growth.

With Bukku’s e-invoice ready accounting software and Funding Societies’ flexible Micro Financing options, you can simplify bookkeeping, stay compliant, and manage your cash flow with confidence.

Apply Now for Free Bukku Access + RM500 Cash Reward

Accounting software is a digital system that helps Malaysian SMEs manage finances automatically including invoicing, expense tracking, and tax reporting. It reduces manual errors, saves time, and gives business owners real-time visibility into cash flow and business performance.
The best accounting software Malaysia businesses can use should be:
  • Cloud-based, so you can access it anywhere.
  • Compliant with LHDN’s MyInvois e-invoice system.
  • Equipped with automation tools for invoicing, reporting, and expense management.
Supported locally, with help and training for SMEs. Platforms like Bukku accounting software are designed for Malaysian tax requirements and offer these features.
While not mandatory, using e-invoice ready accounting software makes compliance with LHDN’s MyInvois system much easier. It allows businesses to issue, validate, and submit e-invoices automatically through the Peppol e-invoicing network, which reduces errors and manual uploads.
Several local and regional software providers support e-invoicing integration. Examples include Bukku, which connects directly to LHDN’s MyInvois and Peppol network, as well as other cloud-based tools that meet Malaysian tax and accounting standards.
Funding Societies Malaysia and Bukku have partnered to help SMEs digitalise accounting and stay compliant. From 15 October to 15 December 2025, eligible applicants for Micro Financing/-i can receive:
  • 3 months of free Bukku subscription (+4 extra months with annual plan), and
RM500 cash reward for the first 10 approved and disbursed applications.
This campaign is open to new Bukku users who apply for Funding Societies Micro Financing/-i during the campaign period. The RM500 reward is based on a first-come, first-served basis, determined by Funding Societies’ disbursement records.