Accounting & Bookkeeping Guides for Malaysian SMEs
Clear answers to the accounting problems Malaysian business owners actually run into — e-Invoice, tax deadlines, bookkeeping, payroll and cash flow. Checked against official LHDN, SSM and JKDM guidance, October 2026.
e-Invoice
Who must e-invoice after the RM3 million exemption, consolidated and self-billed e-Invoices, corrections and the SVDP.
e-Invoice Exemption RM3 Million: Who Is Exempt and What to Do in 2026
Below RM3 million in revenue? You are exempt from e-Invoice from 1 September 2026. See the related-company exclusions, how to stop and when you must start.
Read the guide →e-InvoiceConsolidated e-Invoice and the RM10,000 Rule: How It Works in 2026
How consolidated e-Invoices work in Malaysia: the 7-day deadline, sales that cannot be consolidated, the RM10,000 rule and the Phase 4 relaxation to 2027.
Read the guide →e-InvoiceHow to Prepare for e-Invoice in Malaysia: A Step-by-Step Readiness Checklist
An e-Invoice readiness checklist for Malaysian SMEs: confirm your date, set up MyInvois, clean customer data, plan consolidation and run a test month.
Read the guide →e-InvoiceSelf-Billed e-Invoice in Malaysia: When the Buyer Must Issue It
When must a buyer issue a self-billed e-Invoice in Malaysia? The LHDN situations, deadlines for imported goods and services, steps and a worked example.
Read the guide →e-InvoiceCancel or Correct an e-Invoice in Malaysia: The 72-Hour Rule and Credit Notes
Mistake on an e-Invoice? Cancel within 72 hours of validation, or fix it with a credit, debit or refund note. RM examples, a decision table and book entries.
Read the guide →e-Invoicee-Invoice SVDP in Malaysia: How to Disclose Missed or Wrong e-Invoices (2026–2027)
The e-Invoice SVDP runs from 7 July 2026 to 31 December 2027. Who can disclose, what LHDN protects, SVDP 1.2 and 1.3, and month-by-month consolidated fixes.
Read the guide →Bookkeeping
Monthly bookkeeping done properly — from receipts and bank reconciliation to choosing who keeps your books.
Bookkeeping for Small Business in Malaysia: A Practical Guide for Owners
Bookkeeping for small business Malaysia: what to record, the 60-day and 7-year rules, a weekly-to-yearly routine, and when to outsource your books.
Read the guide →BookkeepingSeparate Business and Personal Bank Accounts: Why It Matters and How to Fix Mixed Money
Why to separate business and personal bank accounts in Malaysia, how to clean up mixed money through the director's account, and how to pay yourself properly.
Read the guide →BookkeepingBank Reconciliation: A Step-by-Step Guide for Malaysian SMEs
Bank reconciliation for Malaysian SMEs: why books and bank don't match, a step-by-step method, an RM reconciliation statement example and red flags to watch.
Read the guide →BookkeepingMissing Receipts and Petty Cash: A Practical Guide for Malaysian SMEs
Lost a receipt for a business expense? Learn how to replace it, when a payment voucher helps, and how to run petty cash on an imprest float in Malaysia.
Read the guide →BookkeepingHow to Catch Up a Bookkeeping Backlog in Malaysia (Months or Years Behind)
Months or years behind on your books? See which Form C and SSM deadlines come first, what to gather, and how to rebuild and reconcile month by month.
Read the guide →Bookkeeping12 Common Bookkeeping Mistakes Malaysian SMEs Make (and How to Fix Them)
Mixed money, no bank reconciliation, unrecorded cash sales, loans booked as income: 12 common bookkeeping mistakes Malaysian SMEs make and how to fix them.
Read the guide →BookkeepingChart of Accounts for Small Business in Malaysia: Sample and Setup Guide
How to set up a chart of accounts for a small business in Malaysia: the five account groups, a sample numbered list, and which accounts to keep separate.
Read the guide →BookkeepingDocuments Needed for Bookkeeping: A Monthly Checklist for Malaysian SMEs
A monthly checklist of the documents needed for bookkeeping in Malaysia: what to send, where to get each one, what a new bookkeeper needs, and by when.
Read the guide →BookkeepingInventory Accounting for SMEs in Malaysia: Stock, Cost of Sales and Profit
Inventory accounting for Malaysian SMEs: how closing stock changes profit, a worked cost of sales example, stock counts, valuation, write-downs and tax.
Read the guide →BookkeepingOutsource Bookkeeping or Hire an Accountant? A Guide for Malaysian SMEs
Outsource bookkeeping or hire accounts staff in Malaysia? Compare the full cost of a hire, what a monthly service covers, the hybrid option and what to ask.
Read the guide →BookkeepingBookkeeping Fees in Malaysia: What You Pay For and How to Compare Quotes
What sets bookkeeping fees in Malaysia: volume, bank accounts, payroll, e-Invoice, SST and backlog. What a fee should include and how to compare quotes.
Read the guide →BookkeepingHow to Change Your Accountant or Bookkeeper in Malaysia Without Losing Records
Changing accountant or bookkeeper in Malaysia? When to switch, which records to request, how to set the cut-off and opening balances, and who to inform.
Read the guide →Tax
Company tax rates, Form C, CP204 instalments, deductible expenses and SST registration.
Form C Deadline Malaysia: Due Dates, Grace Period and Penalties
Form C deadline Malaysia: due 7 months after year end, plus a 1-month e-filing grace. See due dates by FYE, s112 penalties and what your tax agent needs.
Read the guide →TaxCP204 Tax Estimate: Deadlines, Instalments, CP204A Revisions and Penalties
CP204 tax estimate guide for Malaysian companies: submit 30 days before the year starts, pay by the 15th, the 85% rule, CP204A months 6, 9, 11 and penalties.
Read the guide →TaxSME Tax Rate Malaysia: The 15%, 17% and 24% Bands and the 4 Conditions
SME tax rate Malaysia: 15% on the first RM150,000, 17% up to RM600,000, 24% above. The 4 conditions, how firms lose SME status and a worked RM500,000 example.
Read the guide →TaxTax Deductible Business Expenses in Malaysia: What Can You Claim?
Which business expenses are tax deductible in Malaysia? The wholly and exclusively test, capital vs revenue, 50% entertainment, fines and evidence to keep.
Read the guide →TaxSole Proprietor vs Sdn Bhd in Malaysia: Which Pays Less Tax?
Sole proprietor vs Sdn Bhd tax in Malaysia: personal rates up to 30% vs SME rates of 15%, 17% and 24%, worked examples, compliance costs and when to switch.
Read the guide →TaxSST Registration Threshold in Malaysia: When Must You Register for Service Tax?
When must you register for service tax in Malaysia? The RM500,000 and RM1.5 million thresholds, the 12-month test, 8% and 6% rates, and SST-02 filing.
Read the guide →Compliance
What a Sdn Bhd must file and keep each year — SSM, audit exemption, records and who does what.
Audit Exemption for Sdn Bhd in 2026: Who Qualifies and What You Still Lodge
Audit exemption for Sdn Bhd in 2026: the 2-of-3 test over three years, RM2M/RM2M/20-staff limits, who is excluded and what you must still lodge with SSM.
Read the guide →ComplianceHow Long to Keep Business Records in Malaysia: The 7-Year Rule Explained
How long to keep business records in Malaysia: 7 years under the Income Tax Act and Companies Act, which records count, scanned copies, e-Invoices and gaps.
Read the guide →ComplianceSdn Bhd Accounting Requirements in Malaysia: The Annual Compliance Calendar
Sdn Bhd accounting requirements in Malaysia as one yearly calendar: books, annual return, financial statements, audit, Form C, CP204, payroll, SST, e-Invoice.
Read the guide →ComplianceDormant Company in Malaysia: What You Still Have to Do Every Year
A dormant company in Malaysia still lodges its annual return and accounts, files Form C and keeps a company secretary. What is required and how to restart.
Read the guide →ComplianceAccountant vs Auditor vs Tax Agent vs Company Secretary: Who Does What in Malaysia
Accountant, auditor, tax agent or company secretary? Who does what in a Malaysian Sdn Bhd, which roles need approval or a licence, and how they fit together.
Read the guide →Cash Flow
Why profit is not cash, and how to get customers to pay on time.
How to Collect Overdue Payments from Customers in Malaysia
Customers paying late? How to collect overdue payments in Malaysia: read an ageing report, set credit terms, send reminders on schedule and handle bad debts.
Read the guide →Cash FlowProfitable but No Cash Flow? Revenue vs Profit vs Cash, and How to Close the Gap
Profitable but no cash flow? See how revenue, profit and cash differ, where the money goes, a worked RM profit-to-cash example and a simple 13-week cash view.
Read the guide →Reports
Reading your P&L and balance sheet, management accounts and month-end and year-end closing.
How to Read a Profit and Loss Statement and Balance Sheet (With an RM Example)
How to read a profit and loss statement and balance sheet as a Malaysian SME owner: gross margin, six monthly numbers and red flags, with RM examples.
Read the guide →ReportsManagement Accounts for SMEs: What to Include and How to Use Them
Management accounts for SMEs explained: how they differ from statutory financial statements, what a monthly pack covers and how to review it in 30 minutes.
Read the guide →ReportsMonth-End Closing Checklist for Malaysian SMEs (12 Steps)
A 12-step month-end closing checklist for Malaysian SMEs: who does what and when, bank reconciliation, e-Invoice and payroll deadlines, accruals and locking.
Read the guide →ReportsYear-End Accounting Checklist for a Malaysian Sdn Bhd
Year-end accounting checklist for a Malaysian Sdn Bhd: stock count, fixed assets, receivables, director's account, EA and Form E, and FS and Form C timing.
Read the guide →Payroll
Employer contributions and deadlines for EPF, SOCSO, EIS and PCB.
Want clean, up-to-date books every month?
WeCount handles monthly bookkeeping, bank reconciliation, e-Invoice support and management reports for Malaysian SMEs — packages from RM388 a month.
