Open
X

    Open

    Accounting Services in Malaysia

    Company Accounting Services in Malaysia

    Your trusted fractional finance team

    The logical choice for SMEs with less than 200 employees who want accurate accounting done on time, without the stress and cost of hiring new employees.

    Xero fees included​
    Human account manager
    30 minutes response time – call/text​

    Bookkeeping, accounting, and tracking of transactions are a necessity for all businesses. Many start-ups and SME business owners struggle to keep their financial accounts updated to the latest regulations, either because they are attempting to save money by personally doing the accounts themselves, or to stay within the limits of their budget by hiring an unskilled junior bookkeeper to handle the accounting process.

    In such scenarios, accounting takes away the precious time of the founders, who should be investing in the growth of the business. Additionally, improper knowledge of accounting standards can risk compliance and regulation breaches, resulting in heavy penalties. This is where outsourcing accounting services in Malaysia come into the picture.

    PikoHANA is a one-stop solution for all of your accounting requirements. Allow us to assist your company’s accounting processes while you focus on your core business and increasing sales. We handle all your accounting requirements, ensuring that your balance sheets are accurate, thorough, and compliant. PikoHANA is a prominent accounting company in Malaysia, and with our 100% paperless and remote operations, you can outsource accounting and bookkeeping from anywhere.

    Outsource Accounting Services Malaysia

    • What you need to know about accounting in Malaysia

    All businesses registered in Malaysia must follow authorized accounting standards and have accurate and balanced financial statements to depict the financial performance of the business. Companies in Malaysia need to maintain statutory financial statements by law, following the guidelines from the Malaysian Accounting Standards Board (MASB). Additionally, Companies based outside the country listed on stock exchanges must follow the International Financial Reporting Standards (IFRSs) when preparing their annual financial statements.

    Keeping the business financial statements up to date per the applicable accounting rules can be tricky and time-consuming for small business owners. Businesses must fulfill a series of requirements and perform accounting properly to comply with Malaysian accounting laws and regulations and avoid fines

     

    The hassle of accounting yourself can steal the time that could be put into the development of company operations and output. Pikohana provides digital accounting solutions specifically created to support expanding enterprises. We collaborate as partners with your business. More than 200 enterprises globally received dependable, consistent, and trustworthy accounting services from our group of certified public accountants.

     

    • Accounting Services in Malaysia offered by PikoHANA

    PikoHANA delivers dependable fractional finance for SMEs with less than 200 employees. If your business needs correct and timely accounting without the hassle and expense of employing additional personnel, outsourcing it to a leading accounting company in Malaysia is the right choice. We offer three plans to choose from based on your needs and budget, starting from just 750 MYR per month:

    • Basic- An affordable solution for companies that need accounting for 20 transactions or less every month. The plan includes an expert account manager equipped with state-of-the-art technology, offering an annual corporate tax return and filing services, along with a quarterly financial review. 
    • Growth- A plan is best for fast-growing companies with up to 50 transactions per month. The package includes monthly evaluations and two individuals’ unique access to real-time business intelligence data in addition to all the features of the basic plan.
    • Enterprise- The plan is best suited for sophisticated businesses with more than 50 monthly transactions. In addition to the features in the Growth Plan, PikoHANA offers exclusive CFO advisory in addition to real-time business intelligence data access to 3 users. 

     

    Additionally, PikoHANA experts provide 14 different services:

    1. Quarterly GST Returns
    2. Corporate Secretarial Services
    3. Payment Processing
    4. Customer Invoicing
    5. Payroll & Employee Expense Reporting
    6. Nominee Director Services
    7. ECI Tax Preparation
    8. Registered Address
    9. Software Fees
    10. Incorporation & Bank Account Opening
    11. Preparation of Audited FRS Report
    12. Management Of Statutory Financial Audit
    13. Due Diligence Support & Advisory Services
    14. Historical Cleanup

     

    • Benefits of outsource accounting services Malaysia

    Outsource accounting services in Malaysia to free yourself from the burden of bookkeeping and reap many other benefits, such as the following:

    • Maintain your financial records in order and accordance with the most recent accounting regulations and regulatory instructions. 
    • Instead of worrying about accounting and other minor expenditures, concentrate on business development and revenue generation.
    • Reduce the time and effort necessary for accounting resource recruiting and background checks.
    • Protect your financial data and limit the risk of theft by partnering with an accounting company in Malaysia.
    • Save on your resources by investing only a fraction of the price you pay for in-house accounting services.

     

    • Importance of outsourcing accounting function to accounting company in Malaysia

    Outsourcing accounting functions to an accounting company in Malaysia can be exactly what your company might need if your business is in its crucial phase of expansion. It is convenient, saves time and resources, and cost-effectively provides expertise. By employing the services of an outsourced accounting company, you can be certain of the finest possible results with no compliance or regulatory violations.

     

    • How we can help with outsourced accounting services?

    PikoHANA’s end-to-end solutions encompass the most advanced cloud technologies, enabling companies of all sizes to become paperless. Furthermore, our user platform provides you with quick access to all of your finances, allowing you to make key decisions faster.

    Outsource your accounting needs to someone with a track record as a dependable and complete service solution. That is exactly what we offer at PikoHANA for all of our customers. PikoHANA operates without the need for recurrent involvement on your part, freeing your time up to focus on your business.

     

    • Why Choose PikoHANA as Your Accounting Firm in Malaysia

    PikoHANA staff has vast expertise in providing business services to a wide range of industries in various countries. Furthermore, PikoHANA is equipped with the most advanced data security technologies. At PikoHANA, we never jeopardize your privacy or security.

    Our flexible contract terms enable you to design a bespoke mix of accounting services based on your company requirements, such as outsourcing some activities while retaining a part of bookkeeping in-house. We provide competitive cost modules as well as complementary services that maximize the value of your company. Hire Our Fractional Finance Team to increase your profitability while decreasing your tax payments. Schedule an appointment with us or contact us right now for an immediate response.

    Who are we?

    Pikohana offers a one-stop solution to all your specialized accounting needs. Our team of certified public accountants has assisted over 200 companies worldwide with trusted, reliable, and uninterrupted accounting services.

    At Pikohana, we work as partners with your firm, providing digital accounting solutions that are purposely designed to assist growing organizations. Our outsourced accounting services are fine tuned for global accounting procedures and take away the time, cost, and effort eating up your internal resources. We have comprehensive experience in working with both large and small organizations with specialist help available for every tier.

    Our core team epitomises the accounting principles of reliability, continuity, and stability, and has remained unchanged since our firm’s inception in 2012. Since outsourcing accounting services means trusting a third-party with confidential information, we also have the latest digital measure in place for data security and protection.

    Why choose us?

    Accounting service providers are selected based on their track record as a reliable, full-service solution, and we do just that for all our clients. Here are the reasons why Pikohana works best for all your accounting needs,

    • We work without needing repeated interventions from your end
    • We are experienced in delivering business services to various industries across jurisdictions
    • We have the latest and greatest data protection technologies in place and we never compromise with your privacy and security
    • Our competitive pricing modules and complimentary services add maximum value to your business
    • Our flexible contract policies allows you to create customized bouquet of accounting services as per your business needs, for e.g., you can choose to outsource select tasks and keep the core bookkeeping in-house or vice versa

    Select Currency Denomination for Accounting Services

    specialized accounting firm

    Benefits of working with a specialized accounting firm:

    • Get the best accounting resources at a fraction of what your in-house accounting service would cost in Malaysia
    • Eliminate time and effort required for hiring and background check of accounting resources in Malaysia
    • Direct your focus on generating more revenue instead of worrying about bookkeeping and sundry expenses in Malaysia
    • Safeguard your financial data and reduce the risk of fraud experienced accounting professionals who know every trick in the book in Malaysia
    • Keep your financials organized and in compliance with the latest accounting laws and government directives in Malaysia

    What we offer?

    Our end-to-end solutions include the best cloud technologies, offering 100 percent paperless accounting for businesses of all shapes and sizes. Furthermore, our user platform gives you easy oversight over all your finances, speeding up critical decision making procedures.

    • $100 per month

    Includes:

    • Accounting for all GST transactions monthly
    • Preparation of quarterly GST return
    • Filing of quarterly GST return
    • $150 per month

    Includes: 

    • Corporate secretarial, incl. named secretary
    • Registered office address
    • Provision of four (i.e., quarterly) director’s resolutions and minutes of the meeting per annum, noting that resolutions outside the normal course of business, such as rights issuances, share offerings, etc. will be charged for separately
    • Maintenance of company files with respect to the articles of association, copies of resolutions, official registrations, copies of annual accounts
    • Preparation and submission of the annual return & filing
    • Preparation and submission of the filing to ACRA
    • Convene the AGM as stipulated by the company’s constitution or M&A
    • Includes XBRL filing (usually a separate charge of $600 by most service providers)
    • $50 per month (for every block of 10 payments)

    Details:

    • We only prepare payments after seeking approval from the company’s authorized person(s)
    • The company will be responsible for the final review and approval of payments
    • $100 per month (for every block of 10 payments)

    Details:

    • Drafting of client invoices
      – Revenue recognition
      – Distribution of client invoices via email

    Please note that we will only send invoices to your clients via email from our invoicing system after seeking approval from the company’s authorized person(s)

    • PikoHANA is not responsible for
      follow-up calls or chasing payments.
    • $25 per month per employee

    Details:

    • Payroll support for active employees &
      contractors
    • Filing payroll reports with government agencies
    • Issuance of pay slips to employees
    • Leave administration (i.e., not approval)
    • Employee & contractor expense reporting based on single approver
    • Inclusive of payroll & expense reporting system fees

    Please note this does not include payment processing, which is covered by Option #1 above

    • $250 per month

    Details:

    • This is a statutory requirement for a Company to have a minimum of one director who is an ordinary resident in Singapore.
    • Subject to signing standard indemnification agreement
    • $350 per filing (once a year)

    Details:

    • All companies, including new companies, are required to file the ECI within three months from the end of their financial year.
    • Your company does not need to file the ECI if it meets the following criteria:
      • Annual revenue is not more than $5 million for the financial year; and ECI is NIL for the YA.
    • So, if your company is profitable, then you must file the ECI no matter what your revenue is.
    • Included in Corporate Secretarial Services.

    Included in each monthly package (ie Xero, Talenox).

    • $1000

    Details: 

    • Incorporation as a Singapore Private Limited company
    • Account opening with Aspire
    • Excludes government fees of $500
    • $1500

    Details: 

    • One-time fee of $1,500 covering one company. $500
      will be charged for each additional company in the
      group.
    • $2500

    Details: 

    • Audit support, including:
      • Liaising with auditors and responding to
        various audit inquiries.
      • Providing auditors with access to
        financial records and supporting
        documentation; and
      • Coordination of documentation to
        formalize the audit report.

    $250 – $550 per hour depending on the project

    Customised quote based on transaction volume. Starting at $500

    Serving 200+ companies worldwide

    Accounting firm

    Frequently Asked Questions

    For a sales turnover of RM 400,000.00 and beyond, an accountant charges monthly accounting fees ranging from RM 500.00 to RM 1,000.00.

    PikoHANA offers 14 different accounting services:

    • Quarterly GST Returns
    • Corporate Secretarial Services
    • Payment Processing
    • Customer Invoicing
    • Payroll & Employee Expense Reporting
    • Nominee Director Services
    • ECI Tax Preparation
    • Registered Address
    • Software Fees
    • Incorporation & Bank Account Opening
    • Preparation of Audited FRS Report
    • Management Of Statutory Financial Audit
    • Due Diligence Support & Advisory Services
    • Historical Cleanup

    Outsourcing accounting functions to an accounting company is important because it gives convenience, saves time and resources, and provides expertise at a low cost. You can be confident of the outcomes with no compliance or regulatory problems if you use the services of an outsourced accounting firm.

    Accounting service providers are chosen based on their track record as dependable, single solution to all their accounting needs.

    An accounting firm in Malaysia offers a wide range of services that could include Company Incorporation, Accounting, Bookkeeping. Corporate Secretarial, Tax Advisory & Compliance, and Immigration. PikoHANA offers 14 different accounting services:

    • Quarterly GST Returns
    • Corporate Secretarial Services
    • Payment Processing
    • Customer Invoicing
    • Payroll & Employee Expense Reporting
    • Nominee Director Services
    • ECI Tax Preparation
    • Registered Address
    • Software Fees
    • Incorporation & Bank Account Opening
    • Preparation of Audited FRS Report
    • Management Of Statutory Financial Audit
    • Due Diligence Support & Advisory Services
    • Historical Cleanup

    While choosing an accounting service provider in Malaysia, look for proper qualifications, a wide range of services, familiarity with your industry, and cost.

    Usually, fees range from RM 800.00 (dormant) to RM 2,800.00 per year for a sales turnover of RM 50,000.00 to RM 399,999.99 per year.

    Outsource accounting services in Malaysia to free yourself from the burden of bookkeeping and reap many other benefits, such as the following:

    • Maintain your financial records in order and in accordance with the most recent accounting regulations and regulatory instructions. 
    • Instead of worrying about accounting and other minor expenditures, concentrate on business development and revenue generation.
    • Reduce the time and effort necessary for accounting resource recruiting and background checks.
    • Protect your financial data and limit the risk of theft by partnering with an accounting company in Malaysia.
    • Save on your resources by investing only a fraction of the price you pay for in-house accounting services.

    Companies in Malaysia need to maintain statutory financial statements by law following the guidelines from the Malaysian Accounting Standards Board (MASB).

    Let's Talk!

    Our Blog

    Countries We Serve

    CLOSE
    CLOSE

    We're Here To Assist You

    Please fill in this form and our team will get back to you ASAP through your preferred communication channel.