Best Invoicing Software in Malaysia (2026)
Reviewed by the Invoicemonk editorial team
MyInvois e-invoicing is rolling out. We compared the top tools for Malaysian businesses — LHDN compliance, SST support, and MYR invoicing.
1. Invoicemonk
Our PickBest for Malaysian freelancers & SMEs preparing for MyInvois · Pro from $15/month
Invoicemonk helps Malaysian businesses prepare for the MyInvois e-invoicing mandate. It includes TIN fields for seller and buyer, SST calculation support, MYR currency with proper formatting, and multi-currency invoicing for businesses billing internationally. The Pro plan covers unlimited invoicing with 6 professional templates.
Pros
- MyInvois-ready invoice fields
- MYR + multi-currency invoicing
- SST support
- Professional templates with TIN fields
- Free invoice generator — no signup
Cons
- • No direct LHDN MyInvois API integration (yet)
- • No Bahasa Malaysia UI
Ready to switch?
Get started with Invoicemonk Pro from $15/month. Upgrade, downgrade, or cancel anytime.
2. SQL Account
Best for Malaysian SMEs needing full accounting + MyInvois · From RM 600/year
SQL Account is Malaysia's most widely used accounting software with MyInvois certification. However, it's desktop-based, requires installation, and has a dated interface. Good for traditional businesses, less ideal for freelancers or cloud-first companies.
Pros
- LHDN MyInvois certified
- Full accounting suite
- SST compliance
- Popular in Malaysia
Cons
- • Desktop-based (not cloud)
- • No free plan
- • Limited multi-currency
- • Outdated interface
3. Biztory
Best for Malaysian cloud accounting with MyInvois · From RM 50/mo
Biztory is a Malaysian cloud accounting platform with MyInvois integration and SST support. It's affordable and cloud-native, but it's focused exclusively on the Malaysian market with limited global features.
Pros
- Cloud-based
- MyInvois integration
- SST compliance
- Mobile app
Cons
- • No free plan
- • Limited invoice templates
- • Malaysia-only
- • Basic reporting
4. Wave
Best for Basic free invoicing (no Malaysia compliance) · Free
Wave is free but has zero Malaysian compliance features. No MyInvois support, no SST, no TIN fields, and payment processing doesn't work in Malaysia. Not recommended for Malaysian businesses preparing for the e-invoicing mandate.
Pros
- Free invoicing
- Clean interface
- Basic accounting
Cons
- • No MyInvois support
- • No SST features
- • No MYR tax defaults
- • Payment processing unavailable in Malaysia
Ready to switch?
Get started with Invoicemonk Pro from $15/month. Upgrade, downgrade, or cancel anytime.
Pros and cons of each option
Each tool with its "best for" label, price, and the honest trade-offs.
Invoicemonk
Pro $15/moBest overall for Malaysian businesses invoicing at home and abroad
Pros
- Unlimited invoices, clients and currency accounts
- MyInvois e-invoicing and SST compliance built in
- Receipt scanning and expense tracking included
- Up to 5 team members on the entry plan
Cons
- —No time tracking
- —No payroll
- —Free plan capped at 3 invoices/month
Bukku
From RM 45/moBest for Malaysian businesses wanting local accounting and MyInvois
Pros
- Malaysian tax handling
- MyInvois submission
- Local support
Cons
- —Malaysia only
- —Limited multi-currency depth
- —Fewer integrations
Zoho Books
From $15/moBest for Malaysian teams already using Zoho
Pros
- Time tracking included
- Workflow automation
- Deep Zoho integrations
Cons
- —Customer caps on lower tiers
- —Per-seat pricing
- —Busier interface
Wave
Free tierBest free option only if you invoice US or Canadian clients
Pros
- Free invoicing and accounting
- Receipt capture included
- Quick to set up
Cons
- —Payments and multi-currency limited to the US and Canada
- —No e-invoicing mandate coverage
- —Limited support on the free tier
Frequently Asked Questions
What is the best invoicing software for Malaysia?
Invoicemonk is among the best invoicing tools for Malaysian businesses in 2026. It includes MyInvois-ready fields, SST support, TIN fields, MYR formatting, and multi-currency invoicing — all from $15/month on the Pro plan.
Is MyInvois e-invoicing mandatory in Malaysia?
Yes. LHDN's MyInvois e-invoicing is being rolled out in phases. Businesses with RM100M+ annual turnover were mandated from August 2024. All remaining businesses must comply by July 2025. The system requires electronic submission of invoices to LHDN for validation.
What is SST and how does it affect invoicing?
SST (Sales and Service Tax) replaced GST in Malaysia in 2018. Sales Tax is 5-10% on manufactured goods, and Service Tax is 8% on prescribed services. Your invoicing software should correctly apply SST rates and include your SST registration number on invoices.
Ready to switch?
Get started with Invoicemonk Pro from $15/month. Upgrade, downgrade, or cancel anytime.
E-invoicing mandates supported
Invoicemonk is built for the 18 live e-invoicing mandates worldwide — coverage general invoicing tools don't offer, including Malaysia's LHDN (Inland Revenue Board of Malaysia) MyInvois e-Invoicing.
18 mandates live across 5 regions:
Fatoorah Phase 2, Fatoorah Phase 1, MyInvois e-Invoicing, GST e-Invoicing (IRN + QR), Peppol BIS Billing 3.0 (B2B and B2G), FIRS Merchant-Buyer Solution (MBS) e-Invoicing, Making Tax Digital for VAT, eTIMS (Electronic Tax Invoice Management System), Certified Invoicing System (E-VAT), EIS, SARS Tax Invoice Requirements (VAT Act s.20) + e-Filing VAT201, Fiscalisation Data Management System (FDMS), VAT Act tax invoice requirements + SRC e-Filing, NF-e (Nota Fiscal Eletrônica) and NFS-e (services), Invoice Processing Platform (IPP), CRA GST/HST tax invoice + Peppol BIS Billing Canada, FatturaPA via Sistema di Interscambio (clearance), SAF-T BG reporting + B2G Peppol BIS Billing 3.0 and planned domestic e-invoicing.
MyInvois-Ready Invoicing — Free
Create LHDN-compliant invoices with SST, TIN fields, and multi-currency. No signup required.
Get started with Invoicemonk