Best accounting software for SME Digitization Grant Malaysia |

Malaysia is among the countries that have a strong growing economy with a GDP score of 5.7%, ranking 39th in the top 50 richest countries. Even small-scale businesses in Malaysia are most profitable. A small amount of money invested in the right direction can give a boost to your small business that can make all the difference.

Now several smart tools are there to assist you in performing business operations without any major error. More and more small businesses are investing in accounting software to automate as many business operations as possible.

Today’s world is heavily influenced by modern technologies, software, and applications. global access to the internet brings revolutions in each and every field including accounting. The Malaysian government is encouraging SMEs to digitalis their businesses by offering a grant. Read more about the digitalization grant here. Accounting software is a smart tool that serves as a time-saving tool for businesses that bring accuracy, time management, and hassle-free life for accountants. It helps businesses thrive by avoiding errors that can otherwise cost them a lot, both in terms of time and money.

Learn more about the best accounting software

Accounting software refers to the type of application software that process and records the accounting transactions within functional modules such as

Accounts payable
Accounts receivable
Journals
Ledger
payroll
Trial balance

Accounting software may be purchased from a third party or may be developed in a home with the help of any organization. There is also a probability that accounting software may be a combination of third-party application software packages with local modifications.

Accounting software available in the market varies according to its cost and complexity. There are desktop-based or web-based varieties available. Web-based accounting software can easily be accessed from anywhere the internet is available.

Types of accounting software

Accounting software can be classified into the following types

Personal accounting
Low-end market
Mid-market
High-end market
Hybrid solutions
SaaS accounting software

Significance of accounting software in business

Accounting is an essential and crucial part of any commercial business. Each and every business needs an accountant or accounting software to manage their business efficiently. The significance of accounting software and how it helps you to manage business accounting can be explained briefly below under the following subheadings.

Consumer-friendly

The ease and compliance of consumers or users are the main targets of software development companies. Consumer-friendly software is designed for this purpose. It ensures that the common man without any high level of accounting knowledge can maintain proper bookkeeping. This software accomplishes the accounting task quickly and efficiently without any major expenditure of money.

Reports generator

Accounting Softwares generate accounting reports to reveal the overall financial status of the company. It gives audit trail reports in excel format.

Efficient financial performance

Accounting software provides observations of the comprehensive financial operation of the market. It deals with all economic features of your business and keeps a record of business negotiations. It handles general ledger, accounts receivable, and accounts payable. Moreover, it supports tracking cash stream, interest, and expenditures.

GST assisting feature

Manual calculation of GST ( Goods and services tax) is difficult for businesses. Simple accounting software provides the GST-ready feature to assist in GST calculations for providing accurate calculations of GST. Additionally, it assists in GST conciliation and updates the knowledge database on GST.

Speed and accuracy

The major plus point of accounting software is the provision of a higher degree of accuracy and speed. Providing real-time data million software helps in streamlining business transactions. Moreover, it helps to improve cash flow and allows you to keep track of overall business performance.

Number 1 accounting software in Malaysia:

In the fast-growing economical condition of Malaysia. Million business software offers a wide range of applications including “ Accounting software”.

Welcome to million software company

In 2011, Million Accounting was approved in Singapore by the Inland Revenue Authority of Singapore ( IRAS). Now, a decade later Million is recognized as one of the GST-compliant software in Malaysia and Singapore. It successfully grew its user base and quickly gained credibility in the market.

With the inauguration of the series’, it is built up for micro/small businesses to enjoy the benefits of using an automated system to take over and supervise your company accounts and inventory. With these advantages, your company can make the right business decision diminishing risks and boosting efficiency.

Specification of its accounting software

The million software company offers its different accounting software with the following specifications and functions

Accounting RM 899

Able to handle MULTI company transactions
General Ledger/ Debtor/ Creditor
Multi-currency functional to handles
Audit Trail Reports
Project account
Goods & Services Tax (GST) ready
Able to record advance payment & post-dated cheques
Audit Trail Reports
Project account
Goods & Services Tax (GST) ready

Accounting & invoicing RM 1399

Able to handle MULTI company transactions
General Ledger/ Debtor/ Creditor
Multi-currency function
Able to record advance payment & post-dated cheques
Audit Trail Reports
Project account
Goods & Services Tax (GST) ready
Real-time integration to Million Accounting

The system requirements are for this type of accounting software are

Processor Type	Pentium 4 or higher
Processor Speed	1GHz or higher
Operating System	Microsoft Windows XP or later
Memory (RAM)	1GB or more
Hard Disk	Approximately 1GB of available hard-disk space
Display	Super VGA (1024 X 768) or higher-resolution video adapter or monitor
Other Devices	Mouse or compatible pointing devices

Why choose million as accounting software

Million accounting software is among the topmost providers of reliable and consumer-friendly accounting software in Malaysia. One strong reason that favors choosing it, again and again, is its diversity in types and flexibility in packages. Another reason that supports it is all about how it works efficiently. Irresistibly and smoothly with your system.

Final word:

Malaysia’s economic growth and business growth are key to its entrance into the list of rich countries of the world. Accounting being the fundamental of business is indirectly related to the Countrys’ economy and growth. In this regard, simple accounting software provides assistance to manage your business efficiently. By allowing the users to manage and restore all the information, accounting software assists them to avoid any loss of data. It minimizes the chances of error.

You can benefit from the best accounting software by Million Software at half price by claiming your SME digitalization grant worth RM 5000. Click here.