EPF, SOCSO, EIS and PCB Calculation Malaysia: How Million Payroll Automates Your Statutory Contributions
Running more than one company creates an accounting problem that generic software was not designed to solve. Each legal entity needs its own set of books — its own general ledger, its own debtor and creditor records, its own invoices and receipts, its own bank reconciliation, and its own financial reports. Yet switching between separate software installations for each company means duplicating effort and losing visibility across the group.
This is precisely what multi-company accounting software is built for: one platform, multiple completely separate company entities, each with its own full accounting records.
Million Accounting Software is built to handle this. As stated on the Million homepage, it is able to handle MULTI company transactions — and it supports multi-currency transactions across those entities as well.
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What Is Multi-Company Accounting Software?
Multi-company accounting software allows you to maintain separate, legally distinct sets of books for two or more companies within one software installation. Each company entity in the system has its own:
- General Ledger
- Debtor and Creditor records
- Invoice and receipt records
- Bank accounts and bank reconciliation
- Financial reports — Profit & Loss, Balance Sheet, Trial Balance
The records for each company remain completely separate — there is no mixing of transactions between entities. Yet all entities are accessible from the same platform, which is what makes multi-company software fundamentally more efficient than running separate software installations.
Who Is Million Accounting Software Designed For?
The Million Accounting with Invoicing Software page states clearly that the software is designed specifically for:
- SMEs (Small and Medium Enterprises) in Malaysia
- Accounting firms
- Freelance accountants and bookkeepers
The product description notes that it is widely used by accountants because it allows users to create unlimited directories to manage all their customers’ accounts. Companies can also create a company database with any base currency — making it equally suitable for businesses dealing in foreign currencies.
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The Million Partner Programme — Built for Accountants Managing Multiple Clients
For accountants and bookkeepers managing multiple client companies, Million operates a dedicated Partner Programme. The programme is designed for full-time accountants and bookkeepers, and the features in the software translate well for small business owners too.
The partner programme offers:
- Special pricing, products, benefits and more for partners
- No yearly subscription
- Ability to handle multi-company transactions
- Discounts and benefits
- Become a Million Expert — train, upskill and get Million certified for free
“Become a partner and access special pricing, products, benefits and more.”
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To apply for the partner programme: million.my/partners.
Multi-Currency Accounting Software Malaysia
Malaysian businesses routinely deal with foreign customers, overseas suppliers, and cross-border invoicing. When you issue an invoice in USD, receive payment in SGD, or pay a supplier in a foreign currency, your accounting software needs to handle those transactions correctly in relation to your base currency.
Million Accounting with Invoicing Software explicitly supports multi-currency transactions. As stated on the product page:
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This means each company entity within your multi-company setup can be configured with its own base currency — essential for Malaysian businesses with overseas subsidiaries or that invoice internationally.
Core Features of Million Accounting with Invoicing Software
Here are all the features listed on the Million Accounting with Invoicing Software page, directly relevant to multi-company and multi-currency operations:
| Feature | What It Does |
| Multi-Currency Transactions | Issue receipts and accept payments in different currencies. Create company databases with any base currency. |
| Create & Send Invoices | Create and send invoices effortlessly. |
| Quotation, SO, DO, CN, DN | Quotation, Sales Order, Delivery Order, Credit Note, Debit Note — all supported. |
| Sales Reports | Customer Sales Report, Top Customer Sales Report, Profit Margin Report, Quotation Analysis. |
| Generate Sales Quotations | Create and manage sales quotations within the system. |
| Recurring Invoice | Automate invoicing logic with recurring invoice scheduling. |
| Customer Directory | Create unlimited customer directories — summarise customers’ company and purchase information with relevant files in a centralised database. |
| Invoice Templates | Professional invoice templates with ready templates and customisation options. |
| Taxes & Discounts | Handle taxes and discounts within invoicing. |
| Full Integration | Integrates with Million Payroll and Million Stock Control — all data from one source. |
| Multi-Company | No yearly subscription; able to handle multi-company transactions. |
Accounting Reports Available in Million
The Accounting with Invoicing Software page lists the following accounting reports, all available per company entity:
- General Ledger Listing
- Trial Balance Report
- Consolidated Account – Profit & Loss Report (Detail)
- Consolidated Account – Profit & Loss Report (Summary)
- Balance Sheet – Detail
- Balance Sheet – Summary
- Bank Reconciliation (Detail)
- Bank Reconciliation – Summary
- Debtors Ageing – Detail
- Debtors Ageing – Summary
- Debtors Payment Due
- Debtors Statement
- Creditors Remittance Advice
- Creditors Payment Due
- Creditors Ageing – Detail
- Creditors Ageing – Summary
- Project Reports – Project Ledgers
- Project Reports – Project Profit
The Consolidated Account – Profit & Loss (Detail and Summary) and the Balance Sheet (Detail and Summary) are particularly important for holding companies and groups that need consolidated financial reporting across multiple entities.
Sample PDF versions of all report formats are available for download from the Accounting with Invoicing Software page.
How Million Accounting Integrates with the Full Million Suite
One of the key practical advantages of using Million Accounting as your multi-company platform is that it does not operate in isolation. It is the hub of a connected suite of business software modules, all designed to work together:
| Feature | What It Does |
| Million Payroll | Fully integrated with Million Accounting. Export payroll data to accounting and to Excel. The payroll page states: integrating payroll and accounting helps increase efficiency and lower the cost of managing your payroll. Visit million.my/payroll. |
| Million Stock Control | Fully integrated with Million Accounting + Invoicing and POS System. Real-time integration to Million Accounting ensures stock movements update accounts immediately. Supports Average, FIFO, and Fixed Cost stock valuation methods. Visit million.my/stock-control-system. |
| Million HRM | Cloud-based HR module for E-Leave, Time Clock, and Scheduling. Syncs attendance data directly to Million Payroll — which then feeds into accounting. Accessible anytime, anywhere, on any device. Visit million.my/hrm-software. |
| Million POS | Point of Sale system that integrates with accounting and stock — all data from one source. Relevant for retail entities within a group. Visit million.my/point-of-sales-pos-system. |
| Million Client’s Account | Dedicated module for legal firms managing client trust accounts — includes Account Maintenance, Account Group, Batch, Client Maintenance, Lawyer Details, Project/Department, User Access Rights, and SST. Available from RM1,899. Visit million.my/clients-account. |
Having payroll, stock, POS, and HR data all feeding into the same accounting system means your books reflect the actual state of your business at all times — no manual data transfer between disconnected systems.
For more on how accounting integrates with invoicing for small businesses, see: Advantages of Accounting with Invoicing System for Small Business in Malaysia.
Million Accounting with Invoicing Software Pricing
Million Accounting with Invoicing Software is available in two licence formats:
| Feature | What It Does |
| Coding License | From RM 2,099 |
| USB Dongle | From RM 2,599 |
For full pricing details and to download a free demo: million.my/invoice-software.
Frequently Asked Questions
Can Million Accounting handle multiple companies?
Yes. The Million homepage and Accounting with Invoicing Software page both confirm that Million is able to handle MULTI company transactions. Accountants and bookkeepers can create unlimited directories to manage all their customers’ accounts.
Can each company in Million use a different currency?
Yes. The Accounting with Invoicing Software page states that multi-currency transactions are supported and that companies can create a company database with any base currency.
Is there a consolidated P&L report available?
Yes. Million provides a Consolidated Account – Profit & Loss Report in both Detail and Summary format, as listed in the accounting reports section of the Accounting with Invoicing Software page. Sample PDFs are downloadable from that page.
Is there a yearly subscription fee?
No. The Million Accounting with Invoicing Software page explicitly states: No yearly subscription.
Who should use the Million Partner Programme?
The Partner Programme is designed for full-time accountants and bookkeepers, accounting firms, computer hardware distributors and retail shops, training centres, and third-party developers. It provides special pricing, multi-company transaction capability, and free Million certification.
Where can I download a demo?
A free demo of Million Accounting with Invoicing Software is available at demo.
Manage Multiple Companies the Right Way
Managing two or more companies with separate spreadsheets, or accounting software that was never designed for multi-entity use, creates operational risk and gives you no clear picture of overall group performance.
Million Accounting Software handles multi-company transactions, multi-currency transactions, the full double-entry general ledger, consolidated P&L and Balance Sheet reports, and integration with Million Payroll, Stock Control, HRM, and POS — all from one platform, with no yearly subscription, specifically designed for Malaysian SMEs and accounting professionals.
→ Download the Million Accounting Demo | View Accounting Software Pricing | Join the Partner Programme | Contact Million Software
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