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Refrens vs SQL Account Malaysia: Which Business Software Fits Your SME?

Compared to SQL Account, Refrens bundles invoicing, full accounting, inventory, and e-invoicing into one subscription, with multi-currency accounting included from the entry plan, at a fraction of the per-user cost.

✓ LHDN MyInvois compliant ✓ ISO/IEC 27001:2022 certified ✓ Built for Malaysian SMEs
Trusted by Malaysian Businesses
500+
Malaysian Business Trust Us
Refrens is ISO Certified
ISO Certified
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Local Authority Compliant
Built for Malaysian Compliance
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Mobile App
Cloud based iOS & Android App
At a glance

Refrens vs SQL Account at a glance

Refrens
Best for

SMEs across all industries needing invoicing, full accounting, inventory, and e-invoicing in one affordable, cloud-native subscription, without paying for modules or per-user add-ons separately.

Key strength

All-in-one accounting and invoicing platform with multi-currency included from the entry plan, native mobile apps, low per-user cost, and transparent published pricing, live from day one.

SQL Account
Best for

Established SMEs and larger businesses wanting a highly customizable, industry-tuned accounting system, with desktop, cloud, and mobile deployment options.

Key strength

320,000+ company install base, deep workflow customization, exclusive CTOS credit report access, and a wider ecosystem spanning POS, payroll, HRMS, and manufacturing.

Feature comparison

Refrens vs SQL Account, feature by feature

FeatureRefrensSQL Account
Malaysia Compliance & Invoicing
LHDN E-Invoice & SST Compliance✓✓
WhatsApp Document Sharing✓✓
Quotation to Invoice Conversion✓✓
Multi-Currency Invoicing✓Pro plan only,
Free Plan (Live Product, Not a Demo)✓✗ Free demo only
Accounting & Financial Reporting
General Ledger, AR/AP, Trial Balance✓✓
Bank Reconciliation✓✓
Financial Reports (P&L, Balance Sheet)✓✓
AI OCR Document Scanning✓✓ SQL AI Easy Scan
Audit Trail✓Not Confirmed
Inventory
Inventory Management✓ Operations planPro plan only, RM109/mo
Multi-Location / Multi-Branch Stock✓ Up to 5 warehouses✓ Multiple Branches Control
Sales CRM & Workflows
Built-in Lead Capture & Sales Pipeline✓ From free plan✗ Not Available
Vendor Onboarding, KYC & RFQ Workflows✓✗ Not Listed
Document Approval Workflows✓✗ Not Listed
Platform & Pricing
Mobile App✓ Android & iOS✓ SQL X-Mobile (sales app)
Deployment✓ Cloud, any device✓ Desktop, cloud & mobile
CTOS Credit Report Access✗ Not Available✓ Exclusive partnership
Unlimited Cloud Storage✓✓
Entry Price (Working Plan)RM25/moRM79/mo
Ecosystem Add-Ons
Point of Sale (POS)✗ Not Available✓ SQL POS (separate module)
HR & Attendance (HRMS)Integrated✓ SQL HRMS (separate module)

Trusted by growing
businesses in Malaysia

Why Refrens

Why businesses choose Refrens over SQL Account

Get invoicing, accounting, inventory, e-invoicing, and sales workflows in one cloud platform, without the cost and complexity of separate modules.

  • Start with a working plan from RM25/month compared with SQL Account's RM79/month entry pricing
  • Multi-currency invoicing included from RM25/month instead of requiring SQL Account's Pro plan
  • Free live plan available, so businesses can start using Refrens without relying on a demo
  • Built-in sales CRM with lead capture and pipeline management available from the free plan
  • Vendor onboarding, KYC, RFQ, and document approval workflows built into the platform
  • Native Android and iOS apps for managing business operations on the go
  • Lower additional-user cost at RM90/year compared with RM60/month on SQL Account
  • Cloud-native access with invoicing, accounting, inventory, and compliance managed from one platform

More included at a lower starting price

Refrens starts at RM25/month and includes multi-currency from the entry plan. SQL Account starts at RM79/month, while features such as multi-currency and inventory are available on its higher-priced Pro plan.

More than accounting software

Alongside accounting and invoicing, Refrens brings sales CRM, lead management, vendor onboarding, RFQs, approvals, and inventory workflows into the same platform, reducing the need to manage separate systems.

Built for cloud-first teams

Refrens runs in the cloud and works across devices, with native Android and iOS apps, transparent pricing, and Malaysian LHDN e-invoicing and SST compliance built into the platform.

Features that makes Refrens a better Choice for Malaysian SME's

Get a clear view of your business finances, including revenue, expenses, and cash flow, while eliminating manual data entry.
Manage SST and LHDN E-Invoicing Together

Refrens keeps SST, e-Invoicing, and accounting connected in one workflow, so Malaysian businesses can manage compliance without separate systems.

Create SST-ready invoices, submit LHDN-compliant e-invoices to MyInvois, and keep validated transactions connected with your books.

  • Create and submit LHDN-compliant e-invoices
  • Manage SST within your invoicing workflow
  • Handle cancellations, corrections, and self-billed e-invoices
  • Keep invoicing, payments, and accounting connected
Go Beyond Creating Invoices to Getting Them Paid

Creating an invoice is only one part of the receivables process. Refrens also helps businesses manage what happens after the invoice is sent.

Share invoices through WhatsApp or email, track whether customers have viewed them, schedule emails, create recurring invoices, and automatically remind customers about outstanding payments.

  • Share invoices and quotations directly through WhatsApp and email
  • Track when customers view invoices sent through email
  • Automatically follow up on outstanding payments
  • Schedule recurring invoices for repeat customers
  • Keep invoices, payments, reminders, and customer records connected
AI OCR Scanning
Reduce the Work Before Transactions Reach Your Books

Refrens uses AI and OCR not only to analyse accounting information, but also to reduce the manual work required to create that information in the first place.

Upload bills and other business documents and let Refrens extract transaction details instead of entering everything manually. OCR allowances are included across Refrens plans, with higher accounting plans supporting bulk document scanning and additional AI-assisted accounting capabilities.

  • Extract information from bills and documents using AI OCR
  • Reduce repetitive purchase and expense data entry
  • Process documents in bulk as accounting volumes increase
  • Keep source documents connected with the transactions created from them
Expense Approval Workflows
Build Accounting Controls Into Your Workflow

Refrens adds structured controls around accounting with approval workflows, vendor onboarding, and role-based access.

Manage document approvals, vendor approvals, RFQs, RFIs, and multi-stage processes without relying on spreadsheets or separate tools.

  • Create multi-stage approval workflows
  • Manage vendor onboarding and approvals
  • Control access with roles and permissions
  • Handle RFQs and RFIs in the same system
Go From Inventory Tracking to Inventory Control

Refrens goes beyond basic stock tracking with stronger controls for managing inventory across locations and transactions.

Track batches, serial numbers, expiry dates, stock transfers, reorder levels, alerts, and fulfilment while keeping inventory connected with accounting.

  • Track batches, serial numbers, and expiry dates
  • Manage stock across multiple locations
  • Set reorder, low-stock, and overstock alerts
  • Handle transfers, fulfilment, and barcode-based inventory

When to choose Refrens vs SQL Account

Choose Refrens if you...

  • Want invoicing, full accounting, inventory, and e-invoicing in one login
  • Are a small or growing team where per-user cost matters
  • Want a real free plan, not a time-limited demo
  • Need multi-currency invoicing without upgrading plans
  • Want a modern, cloud-native product without desktop software

Choose SQL Account if you...

  • Need CTOS credit reports built into your accounting workflow
  • Want desktop or on-premise deployment as an option
  • Need salesman commission calculation built into the accounting system
  • Want a wider ecosystem covering POS, payroll, HRMS, and manufacturing (MRP)
  • Are comfortable pairing your accounting software with a separate CRM tool
Flexible for every business

One Platform for Every Business

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

Professionals & Consultants

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

Quotation → Invoice → Payment → Accounting
Accounting for Consultants

Agencies & Service Businesses

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

Proposal → Billing → Expenses → Profit
Accounting for Agencies

Contractors & Project Businesses

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

Estimate → Cost → Billing → Profit
Accounting for Contractors

Traders & Suppliers

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

Purchase → Inventory → Sale → Accounting
Accounting for Traders

Growing Teams

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

Transaction → Review → Approval → Accounting
Accounting for Growing Teams
See full Accounting Software FeaturesExplore Accounting Features

Happy Customers

Ontogen
Refrens Invoice Software has transformed the way we handle invoicing! Its user-friendly interface and powerful features have streamlined our invoicing process, saving us time and ensuring accuracy.
OntogenFounder, Ontogen Digital
Rubita
Refrens has exceeded my expectations in terms of ease of use and affordability.
RubitaFreelance Developer
Harsh
The user-friendly interface and excellent customer support are a game-changer for us.
Harsh S.Trader, Textiles Trading

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.

Frequently Asked Questions (FAQ)

Yes. Refrens is a cloud-based accounting and business management platform for Malaysian businesses that want invoicing, full accounting, inventory, LHDN e-invoicing, and sales CRM in one system. It is particularly suitable for businesses looking for a modern cloud-first setup with transparent pricing.

Yes. Refrens supports Malaysia's LHDN e-invoicing requirements, allowing businesses to manage compliant e-invoices alongside their regular invoicing and accounting workflows.

Yes. Refrens supports SST-ready invoicing and accounting, helping Malaysian businesses manage their sales, purchases, taxes, and financial records from one platform.

Yes. Refrens supports multi-currency invoicing, making it suitable for Malaysian businesses that invoice international customers or work with clients and vendors across different countries.

Yes. Refrens offers inventory management for businesses that need to track stock, warehouses, purchases, sales, and inventory movement alongside their accounting.

Yes. In addition to invoicing and accounting, Refrens supports inventory management, Sales CRM, vendor management, approval workflows, RFQs, expense management, financial reporting, and other business operations.




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