Software · Malaysia · Head-to-head

Financio (by ABSS) vs SQL Account

Two Malaysia software options, compared side by side for Malaysia trades.

Which should you choose?

Financio (by ABSS) and SQL Account are both Tier S: our check found each one's prices published on its own website, so you can compare their costs before talking to sales. The tier is not a quality ranking: weigh the pros, cons, pricing and Malaysia-specific notes below against your trade and region.

Financio (by ABSS)

Tier S · Published prices

Cloud accounting and payroll for Malaysian SMEs from ABSS

Financio is the cloud accounting and payroll product of Asian Business Software Solutions (ABSS), the former MYOB South Asia, which rebranded to ABSS in 2018 and launched Financio in Malaysia and Singapore in 2017. The Star reported in June 2022 that Censof Holdings had raised its stake in ABSS to 97%. ABSS also sells the desktop ABSS Accounting and Premier range and says more than 400,000 SMEs use its software.

Pros

+ Published prices from RM50 per month
+ LHDN e-invoices included in both plans
+ Payroll product from the same vendor
+ 30-day free trial of the Premier plan

Cons

− Essentials plan includes only 25 LHDN e-invoices
− No permanently free plan
− SST treatment of the listed prices not stated
− No construction job-costing features found on its pages

Malaysia note

Financio says its users can send, receive and track e-invoices with LHDN, and its e-invoice guide covers consolidated and self-billed e-invoices and credit or debit notes. The Essentials plan includes 25 LHDN e-invoices and Premier 5,000, so check the quota against your invoice volume.

Typical Malaysia pricing: Accounting Essentials RM50/month or RM550/year; Accounting Premier RM85/month or RM935/year (prices effective 1 December 2024). Payroll Essentials RM75/month (up to 30 employees), Payroll Premier RM135/month (up to 200 employees). SST treatment not stated. 30-day free trial; no free plan.

Full review → Visit →

SQL Account

Tier S · Published prices

Malaysian accounting and payroll software, desktop or cloud, with LHDN e-Invoice

SQL Account is developed by E Stream MSC Sdn Bhd, founded in 2003, with offices in Shah Alam and Kuala Lumpur. It runs on the desktop, on SQL Cloud or on a private cloud, alongside SQL Payroll, SQL HRMS and other add-on products. E Stream says more than 320,000 companies use SQL and that it has over 1,000 business partners.

Pros

+ Published cloud prices from RM79 per month
+ E-invoice, consolidated and self-billed e-invoices to LHDN MyInvois
+ Desktop, public cloud or private cloud deployment
+ Support centres across Malaysia, including Sabah and Sarawak

Cons

− No public prices for desktop licences
− Additional cloud users cost RM60 per month each
− SST treatment of the listed prices not stated
− General accounting, not a construction-specific product

Malaysia note

E Stream says SQL Account submits e-invoices to LHDN MyInvois in one click, supports consolidated and self-billed e-invoices, and can generate a QR code so customers enter their own details for an e-invoice. E Stream MSC Sdn Bhd is a Peppol certified access point under MDEC, and its site says SQL Account covers SST.

Typical Malaysia pricing: SQL Account Cloud: Essential RM79/month, Pro RM109/month, plus RM60/month per additional user. SQL Payroll Cloud from RM69/month per company (up to 20 staff). E Stream's pricing page does not say whether SST is included. Desktop licences: no public prices; sold through partners.

Full review → Visit →

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