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Accounting Software for Small Businesses in Malaysia

With Refrens manage small businesses for accounting, invoicing, inventory and E-invoicing everything at one place. Refrens brings every financial task into one simple platform so you can focus on growing your business, not managing paperwork.

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Accounting Software for Malaysian Businesses with E-invoicing, Inventory Management & Business Reporting
Trusted by Malaysian Businesses
500+
Malaysian Business Trust Us
Refrens is ISO Certified
ISO Certified
Reliable & Secure
Local Malaysian Office
Local Authority Compliant
Built for Malaysian Compliance
Mobile Friendly
Mobile App
Cloud based iOS & Android App

How Refrens simplifies accounting for small businesses

Get a clear view of your business finances, including revenue, expenses, and cash flow, while eliminating manual data entry.
Automate Your Bookkeeping

Automatic Ledgers & Vouchers: Sales, purchases, payments, receipts, expenses, and other supported transactions automatically update the relevant accounting records.

Chart of Accounts: Organise income, expenses, assets, liabilities, and other transactions under the right accounting heads.

Manual Journals: Record adjustments, non-cash transactions, loans, corrections, and other entries whenever manual accounting is required.

Keep Your Books Up to Date: Reduce duplicate work by keeping everyday business transactions and accounting connected from the start.

Create Invoices & Track Receivables
  • Create invoices, quotations, orders, receipts, credit/debit notes, and more.
  • Customize documents with your branding, fields, columns, formulas, and terms.
  • Convert quotations into invoices and other documents easily.
  • Handle partial and bulk document conversions.
  • Track paid, unpaid, partial, and overdue payments.
  • Record payments and generate receipts quickly.
  • Automate recurring invoices, reminders, due dates, and follow-ups.
Share Invoice via Email, WhatsApp and PDF
Send Documents the Way Your Customers Prefer

Share Anywhere: Send invoices, quotations, receipts, and other documents via WhatsApp, email, links, PDF, or print.

Track & Schedule Emails: Monitor email activity and schedule documents to be sent automatically.

Use Business Email: Send documents from your connected business email address.

Signatures & Approval: Add signatures and collect customer acceptance when needed.

Refrens Accounts Payable Automation software
Know What You Owe & What You’re Owed

Customer Outstanding: See how much each customer still owes your business.

Vendor Outstanding: Track unpaid vendor bills and amounts your business still needs to pay.

Customer & Vendor Statements: Generate statements showing invoices, purchases, payments, balances, and transaction history.

Receivable & Payable Ageing: See how long balances have remained outstanding so you can prioritise collections and plan vendor payments.

Accounting Software - Bank Reconciliation
Make Bank Reconciliation Easier

Upload Bank Statements: Bring your bank transactions into Refrens for reconciliation.

Match Transactions: Match bank entries with recorded invoices, payments, purchases, expenses, and other transactions.

Find What Needs Attention: Identify unmatched or missing transactions that still need to be recorded, reviewed, or corrected.

Keep Your Books Accurate: Regular reconciliation helps keep your bank balances and accounting records aligned.

Custom Reports and Party Transactions
Understand Your Business With Financial Reports

Profit & Loss: Track revenue, expenses, and profitability over any selected period.

Balance Sheet: See your assets, liabilities, and overall financial position.

Trial Balance: Review ledger balances and quickly check your books.

Cash Flow Statement: Understand how cash moves into and out of your business.

Daybook: See a chronological record of daily business transactions. Ledger Reports: Review balances and transaction history for individual accounts or across all ledgers.

Outstanding & Ageing Reports: Monitor receivables, payables, overdue balances, and payment ageing.

Order & Profitability Reports: Track order utilisation and fulfilment, project-wise P&L, product profitability, and other business reports.

Keep Inventory & Accounting Connected

Real-Time Stock: Keep inventory updated as purchases, sales, transfers, returns, and stock adjustments happen.

Stock Valuation: See the value of inventory held by your business.

Product Profitability: Understand revenue, costs, and profit by product.

Advanced Inventory: Manage multiple warehouses, stock transfers, reorder points, stock alerts, batches, serial numbers, expiry dates, packaged items, barcode scanning, and strict stock controls.

LHDN Compliant E-invoicing Software
Built for Malaysian Compliance

Refrens is designed specifically for Malaysian businesses, with built-in SST rules, local tax formats, and compliant reporting. Create invoices and generate tax reports confidently, knowing your records always meet government requirements.

See full Accounting Software FeaturesExplore Accounting
Flexible for every business

One Platform for Every Business

Different businesses manage money differently. Refrens adapts to your workflow, from billing and expenses to payments and accounting.

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Professionals & Consultants

Manage quotations, invoices, expenses, payments, and reports in one place.

QuotationInvoicePaymentAccounting
Explore Accounting Software for Consultants →
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Agencies & Service Businesses

Manage project billing, retainers, expenses, collections, and profitability.

ProposalBillingExpensesProfit
Explore Accounting Software for Agencies →
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Contractors & Project Businesses

Track estimates, purchases, project expenses, progress billing, and payments.

EstimateCostBillingProfit
Explore Construction Accounting Software →
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Traders & Suppliers

Connect purchases, inventory, sales, payments, and accounting in one workflow.

PurchaseInventorySaleAccounting
Explore Inventory & Accounting Software →
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Growing Teams

Add roles, approvals, vendor workflows, and financial controls as your team grows.

TransactionReviewApprovalAccounting
Explore Business Management Software →

Simple Plans That Fit Every Business and Every Budget

Affordable and scalable pricing plans designed for Malaysian Small Business to simplify accounting, bookkeeping, and e-Invoicing.
Refrens Free Plan
Signup for FreeStart using Refrens for free and manage your business accounting with essential tools. Create invoices, track expenses, and organize financial records without any upfront cost.
Refrens Premium
Explore Premium FeaturesUpgrade to the Premium plan to unlock advanced accounting features, automation, and enhanced capabilities to manage your finances faster and scale your business efficiently.
ACCOUNTING FOR MALAYSIA

Built for Accounting & Invoicing in Malaysia

Malaysian SMEs need simple accounting that keeps everyday finance and local invoicing requirements in one place. From invoices and expenses to payments, inventory, and bookkeeping, Refrens helps finance teams manage routine work without adding complexity.

For Malaysian businesses, Refrens supports MyInvois e-Invoicing, self-billed e-Invoices, SST-ready invoicing, and key validation and correction workflows. Freya AI also helps automate repetitive data entry and categorization, making accounting faster and easier to manage.

MyInvois e-Invoicing Support for Malaysian e-Invoice workflows
Self-Billed e-Invoices Handle supported self-billing requirements
SST-Ready Invoicing Keep tax-ready invoices within your workflow
Validation & Corrections Manage key invoice validation and correction flows
MULTI-CURRENCY ACCOUNTING

Manage Local & International Business Together

Working across currencies should not mean maintaining separate spreadsheets and calculations for every international transaction.

MYR SGD USD EUR GBP AUD JPY 100+
01

Invoice in 100+ Currencies

Bill Malaysian customers in MYR and international customers in currencies such as SGD, USD, EUR, GBP, AUD, JPY, and more.

02

Automatic or Custom Exchange Rates

Use live exchange rates or enter an agreed custom rate when required.

03

Keep MYR as Your Accounting Base

Keep foreign-currency transactions connected with MYR reporting so your financial statements remain easier to understand.

04

Track Forex Gain & Loss

When the payment exchange rate differs from the invoice rate, Refrens can account for the resulting forex gain or loss in your financial records.

Why Malaysian Small Businesses Choose Refrens

Running a small business in Malaysia today means juggling more compliance requirements than ever before. Between SST calculations, LHDN's MyInvois e-invoicing mandate, and keeping stock levels accurate across sales, most business owners end up stitching together three or four different tools just to stay compliant and organized. Refrens was built to remove that friction entirely.

The SST Problem, Solved Once

Manually calculating Sales and Service Tax on every invoice is slow, and it's easy to get wrong, especially when different products or services fall under different tax categories. A single misapplied rate can throw off your reporting and create compliance headaches down the line.

With Refrens, you set up your products and their applicable SST rates once. After that, every invoice you create automatically applies the correct tax rate based on the item, with no manual calculation and no second guessing. Whether you're a manufacturer billing multiple product categories or a trading business with mixed goods and services, your tax setup stays consistent across every transaction, every time.

MyInvois Compliance Without the Manual Work

LHDN's e-invoicing requirement under MyInvois has added a new layer of complexity for Malaysian SMEs, especially those still relying on manual invoicing or disconnected accounting tools. Submitting invoices in the right format, tracking validation status, and keeping records audit ready can quickly become a full time job on its own.

Refrens integrates directly with MyInvois, so every invoice you create is automatically formatted and submitted for e-invoice processing without extra steps. There's no separate portal to manage, no reformatting, and no risk of missing a submission deadline. Your invoicing and your compliance happen in the same workflow, so you stay on the right side of LHDN requirements without hiring extra help or learning a new system.

Inventory That Updates Itself

For most small businesses, inventory management lives in a separate spreadsheet or system that never quite matches what's actually happening in sales. Someone creates an invoice, and someone else has to remember to update the stock count, often hours or days later. That gap is where stock discrepancies, overselling, and inaccurate reporting come from.

Refrens closes that gap by linking inventory directly to invoice creation. The moment you generate an invoice, the corresponding stock levels update automatically, no separate entry, no manual sync. For manufacturers, wholesalers, and distributors managing multiple SKUs across warehouses, this means your stock numbers are always a true reflection of what's been sold, without anyone having to double check.

One Platform, Built for How Malaysian SMEs Actually Operate

Refrens brings tax compliance, e-invoicing, and inventory together into a single system, so Malaysian small businesses don't have to manage three disconnected tools just to run their day to day operations. It's built specifically for the realities of running an SME in Malaysia today: accurate SST handling, seamless MyInvois compliance, and inventory that stays in sync without extra effort.

Common accounting challenges for Malaysian Small Businesses

Issuing MyInvois-compliant e-invoices without manual rework
Tracking purchases and day-to-day business expenses consistently
Knowing what has been paid, what is outstanding, and what is overdue
Managing inventory and purchase orders without duplicate data entry
Keeping books audit-ready for SST and LHDN reporting
Reconciling bank transactions without hours of manual matching
Avoiding scattered spreadsheets and disconnected software

Stay on top of reporting, SST, and compliance

Malaysian businesses increasingly need clean, structured records for SST, LHDN, MyInvois, banking, and internal decision-making. Refrens helps keep those records organized from the first invoice you raise.

Because Refrens is built with Malaysian workflows in mind, it supports processes that align with local tax and compliance requirements, including SSM-registered business details, while staying straightforward enough for lean finance teams to run without a dedicated accountant.

Refrens also follows structured, audit-friendly accounting principles, helping Malaysian businesses build stronger financial habits as they scale from a small team to a multi-branch operation.

Refrens is a good fit for Malaysian Businesses that want to:

  • Invoice customers faster with MyInvois-ready e-invoices
  • Track expenses and purchases more clearly
  • Send payment links and automated reminders
  • Manage inventory and stock alongside their books
  • Keep books ready for SST and LHDN reporting
  • Reconcile bank transactions automatically
  • Cut down on spreadsheet-based bookkeeping
  • Get real-time visibility into cash flow and business performance

Frequently Asked Questions (FAQ)

Refrens offers a free plan that covers core invoicing and basic accounting features, ideal for small businesses just getting started. As your business grows and you need advanced features like MyInvois integration, multi-user access, or detailed inventory management, you can upgrade to a paid plan that fits your needs. You can explore the platform and its pricing tiers before committing to anything.

Yes. Refrens works whether or not you're currently SST-registered. You can create and send professional invoices without any tax setup if you're not yet registered, and the moment you do register, simply set up your applicable SST rates once inside Refrens. From that point on, every invoice automatically applies the correct rate, so you're ready to go the day your registration comes through.

No, you're not required to. Businesses with annual turnover below RM1 million are not required to issue e-invoices, though they're encouraged to adopt the system voluntarily. This threshold was raised from RM500,000 to RM1 million, after the government's decision to double the exemption threshold, which led to the cancellation of what would have been a fifth compliance phase.




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