Professional Accounting & Bookkeeping Services in Malaysia
Personalized services to simplify tax and bookkeeping for foreign companies. With on-ground experts in Kuala Lumpur to ensure your operations are efficient, transparent, and fully compliant with LHDN regulations.
Our Comprehensive Accounting and Bookkeeping Services
Get a focused suite of tax and bookkeeping services, designed to tailor compliance for your business in Malaysia. Our range of services include:
Cloud Based Ledger Setup & Management
Transition from spreadsheets or legacy software into a localized, cloud-based ledger.
Includes account mapping, SST-tag templates, and setup in Xero or QuickBooks for Malaysian compliance.
Monthly/Quarterly Bookkeeping
Maintain your ledgers monthly or quarterly– fully aligned with LHDN and SSM formats.
Crucial for foreign-owned Sdn. Bhds requiring clean books for SST, audit, or tax submissions.
Year-End Book Closing & Audit Preparation
Finalize your books for the Malaysian financial year-end.
Includes accrual adjustments, retained earnings validation, and documentation prep for your appointed auditors.
e-Invoicing Integration (MyInvois)
Intergrate your systems with the LHDN’s MyInvois platform and manage real-time invoice reporting.
Includes QR tagging, system syncs, and ongoing e-invoicing support.
Accounts Payables & Receivable
Outsource your full AP/AR cycle. Issue SST-compliant invoices, manage local vendor payments, and track receivables.
Includes monthly payment scheduling, invoice tracking, and reconciled records for SST and tax filing.
Bank Account Reconciliation
Reconcile your Malaysian bank accounts monthly and track every incoming and outgoing transaction against your ledger.
Ledgers are cleaned and closed with full audit trails. Aligned with LHDN, SSM, and SST compliance requirements.
Our Bookkeeping Specialists Will Keep You Fully Compliant
From daily ledge entries to currency compliance, Malaysia’s bookkeeping regulations require records to be traceable, currency-compliant, and legally retainable in the case of audits.
Core Requirements for Bookkeeping in Malaysia
- Reporting Standards: Follow Malaysian Financial Reporting Standards (MFRS) for public interest entities or Malaysian Private Entities Reporting Standard (MPERS) for qualifying private entities.
- Language & Currency: All accounting records and financial statements are maintained in Bahasa Melayu or English, denominated in Malaysian Ringgit (MYR).
- Record Keeping: Retain accounting books, supporting documents, and underlying records, for at least 7 years from the end of the financial year.
- SST Compliance: Your bookkeeping must be SST-aware, meaning each sale and purchase entry should indicatetax applicability (eg. taxable, exempt, or out-of-scope).
- Statutory Audit: Companies exceeding specific revenue or asset thresholds, or those deemed public interest entities, are legally required to undergo an annual statutory audit by an independent registered auditor.
Expert Bookkeeping Services With Emerhub
In-depth knowledge of Malaysian tax laws and the latest regulatory changes. Leverage our established relationships with Malaysian authorities.
We ensure your company meets all legal requirements and review all necessary documents to ensure accuracy and completeness.
Continued support for annual tax reporting, TFN & CIT Registration, and other tax compliance needs.
FAQs About Accounting & Bookkeeping Needs in Malaysia
Small-sized “threshold-qualified” or dormant companies may claim audit exemption. We’ll confirm your status and prepare exemption paperwork if you qualify.
We can schedule a discovery call within 24 hours. Once we access your ledgers, migration starts immediately, with your first monthly close typically completed within 30 days.
Bookkeeping tracks your daily transactions (sales, expenses, payroll, bank activity). Accounting compiles those records into financial statements (P&L, balance sheet) and ensures they meet reporting standards. We do both, but it starts with clean, timely bookkeeping.
If you’re a private limited company (Sdn. Bhd.), you’ll likely use MPERS. MFRS applies to larger or public-interest entities. While both follow international formats, we ensure your bookkeeping is formatted to match your selected reporting standard.
The Companies Act 2016 requires companies to retain bookkeeping records and supporting documents for at least 7 years from the financial year-end. We help digitize and archive these to avoid compliance headaches.
Market rates start at ≈ USD 200-300 for companies with under 100 transactions. Fees scale based on volume, number of accounts, payroll, and whether you need audit prep, XBRL formatting, or tax support.
You risk Inland Revenue audits with late or missing records risk. SSM can impose penalties of up to RM 50/day for delayed annual returns. MBRS/XBRL filing delays may attract fines up to RM 10,000, plus daily compounds. Talk to our experts to find out how we can help you keep everything timely and audit-ready.
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Schedule a call with an Emerhub consultant in Malaysia
Tell us about your plans. We’ll reach out to discuss your needs and how we can help you setup your business in Malaysia.
Email Us
malaysia@emerhub.com
Call Us
+60 19 228 4420
Visit Us
C-18-6, KL Trillion, Kampung Datuk Keramat,
50400 Kuala Lumpur, Malaysia