Field service software · Malaysia
Financio (by ABSS)
Cloud accounting built for Malaysian SMEs and non-accountants
Market position
The cloud product from ABSS (formerly MYOB South Asia), a long-established Malaysian accounting vendor — aimed at startups and small businesses that want simplicity.
Malaysia-specific note
Handles MyInvois e-invoicing via API on the Essentials and Premier tiers (generating XML/JSON and submitting to LHDN), and pairs with ABSS desktop for existing users — SST-ready throughout.
Pros
- + Backed by the established ABSS/MYOB lineage
- + Genuinely easy for non-accountants
- + Cloud-native
- + MyInvois included on paid tiers
Cons
- − Lighter feature set than SQL/AutoCount for complex needs
- − E-Invoice gated to paid tiers
- − Smaller construction/job-costing depth
- − Less reseller muscle
Typical Malaysia pricing
Subscription tiers (Free / Essentials / Premier).
Why this matters for Malaysia trades
CIDB (the Construction Industry Development Board) registers and grades contractors G1–G7 by project value and issues the mandatory Green Card for site workers under Act 520 — registration is required to undertake or bid construction work; LHDN/IRBM runs income tax, SST and the MyInvois e-invoicing system (XML/JSON with a validated UIN and QR code); SSM (the Companies Commission of Malaysia) handles company incorporation; the Board of Engineers Malaysia (BEM) registers engineers; and employers must register every worker with EPF/KWSP (provident fund), SOCSO/PERKESO (social security) and EIS.
Malaysian construction & trades software selection is shaped above all by MyInvois — the national e-invoicing system run by LHDN/IRBM (the Inland Revenue Board), phasing in by turnover (largest firms since August 2024, mid-market through 2025, businesses above RM1m from January 2026, and the smallest firms following). Construction is treated as a special case: many progress claims and certain transactions must be e-invoiced individually rather than batched into a monthly consolidated e-invoice — so "MyInvois-ready / LHDN-compliant" is the lead selling point for local accounting and construction-ERP vendors. Add the Ringgit (MYR), SST (Sales & Service Tax, not VAT), CIDB G1–G7 contractor grading across ~130,000 registered contractors, and a government digitalisation grant nudging SMEs onto the software. Business runs in English.
Frequently asked
Is Financio (by ABSS) a good fit for Malaysia trades?
The cloud product from ABSS (formerly MYOB South Asia), a long-established Malaysian accounting vendor — aimed at startups and small businesses that want simplicity. Handles MyInvois e-invoicing via API on the Essentials and Premier tiers (generating XML/JSON and submitting to LHDN), and pairs with ABSS desktop for existing users — SST-ready throughout.
What does Financio (by ABSS) cost in Malaysia?
Subscription tiers (Free / Essentials / Premier).. Pricing and availability can change by region — confirm current Malaysia pricing on the vendor's site before committing.