Introduction: Why MSMEs Need the Right E-Invoicing Solution
With Malaysia’s e-Invoicing rule starting on July 1, 2025, Micro, Small, and Medium Enterprises (MSMEs) must switch from manual invoicing to digital transaction solutions. This change will make financial transactions easier, ensure accurate records, and help with tax compliance. The Lembaga Hasil Dalam Negeri (LHDN) introduced this to automate tax reporting, improve transparency, reduce fraud, and boost business efficiency.
AutoCount Cloud Accounting and Palm POS offer affordable and reliable e-Invoice solutions in Malaysia. Read the full article to compare AutoCount Cloud Accounting vs. Palm POS for your business needs.
AutoCount Cloud Accounting
A cloud-based accounting software for businesses handling credit sales, offering financial tracking and automated e-Invoicing.
AutoCount Palm POS
A Point of Sale (POS) system designed for cash-based businesses with high transaction volumes, ensuring quick and automated e-Invoice submission.
Both solutions are 100% cloud-based, meaning business owners and accountants can collaborate seamlessly, making financial management, tax filing, and compliance easier.
Specially Designed for Startups & SMEs
Both AutoCount Cloud Accounting and Palm POS are specifically designed for:
❇️Startups & SMEs that need simple and efficient e-Invoice solutions.
❇️Businesses without existing accounting software, offering a seamless transition.
❇️Companies with simple operations (No stock control or sales order processing needed).
❇️100% Cloud-Based & E-Invoice Ready, ensuring anytime, anywhere access.
❇️Ultra-Affordable Solutions for MSMEs, reducing costs while maximizing compliance.
With AutoCount, MSMEs can efficiently handle e-Invoices, sales tracking, and tax reporting, all from one platform.
Understanding Malaysia’s E-Invoicing Requirement for MSMEs
From July 1, 2025, all businesses in Malaysia must issue e-Invoices per LHDN regulations. This means that manual invoicing will no longer be accepted, and businesses must use a digital system for tax compliance.
Types of E-Invoices MSMEs Must Use
Standard E-Invoice
- Required when a customer requests an invoice.
- Mainly used for B2B transactionsand businesses handling credit sales.
- Must be submitted to LHDN immediatelyafter issuance.
Consolidated E-Invoice
- Used for businesses where customers do not request an invoice.
- Mainly applicable to B2C businesses(restaurants, salons, retail shops, etc.).
- Instead of individual invoices, a monthly sales summary must be submitted to LHDN before the 7th of the following month.
Selecting the right e-Invoice solution ensures MSMEs meet compliance standards while simplifying tax reporting.
AutoCount Cloud Accounting vs Palm POS: Key Differences & Features
What is AutoCount Cloud Accounting?
AutoCount Cloud Accounting is a cloud-based accounting software designed for MSMEs that handle credit sales, invoicing, and financial reporting.
Key Benefits of AutoCount Cloud Accounting
❇️Completely FREE for Invoicing & E-Invoice Submissions – No hidden costs for essential e-Invoicing functions.
❇️No Installation Required – 100% cloud-based, eliminating the need for software installation.
❇️Works on Any Device – Access from PC, tablet, or smartphone, providing maximum flexibility.
❇️User-Friendly Interface – Simple and intuitive, making it easy for businesses to use.
❇️Multi-User Support – Enables business owners and accountants to work on the same system simultaneously.
❇️Customizable Accounting Tools – Includes profit & loss statements, bank reconciliations, debtor aging reports, and more.
❇️Seamless Integration with Palm POS – Allows businesses to post POS sales records to Cloud Accounting for financial reporting.
AutoCount Cloud Accounting is perfect for businesses that need invoice tracking, financial oversight, and tax compliance in a simple, cost-effective way.
Who Should Use AutoCount Cloud Accounting?
Sign Up for a FREE Trial Today!
Sign up to utilize the e-Invoice function for your business operations. AutoCount Cloud Accounting offers free usage of the e-Invoice function.
What is AutoCount Palm POS?
AutoCount Palm POS is a mobile cloud-based Point of Sale (POS) system that simplifies e-Invoice generation for cash-based businesses.
Key Benefits of AutoCount Palm POS
❇️Automated Consolidated E-Invoicing – Submits bulk invoices to LHDN automatically.
❇️QR Code Scanning for Buyer TIN – Uses MyInvois app for instant customer tax detail capture.
❇️Fast & Simple Checkout – Supports cash, credit card, and e-wallet payments.
❇️Works on Android & POS Terminals – A flexible and portable cloud-based POS system.
❇️Seamless Integration with AutoCount Cloud Accounting – Allows real-time financial reporting and tax compliance.
Palm POS is the best solution for cash-based MSMEs needing a simple, efficient e-Invoicing system.
Who Should Use AutoCount Palm POS?
Why AutoCount Cloud Accounting & Palm POS Are the Best Choice for Accountants?
Accountants play a crucial role in ensuring accurate tax reporting and financial management. With AutoCount Cloud Accounting and Palm POS, accountants can efficiently handle their clients’ books, making compliance easier.
How AutoCount Solutions Benefit Accountants?
Real-Time Financial Data Access
Accountants can track financial reports, tax filings, and invoices anytime.
Seamless POS Data Integration
Palm POS sales data automatically syncs with Cloud Accounting.
Automated E-Invoice Submissions
Ensures compliance without additional manual work.
Multi-Business Management
Accountants can handle multiple MSME clients within the same system.
With AutoCount, accountants can help MSMEs prepare full financial reports, whether they use Palm POS or Cloud Accounting.
Feature Comparison: AutoCount Cloud Accounting vs Palm POS
|
Features
|
AutoCount Cloud Accounting
|
AutoCount Palm POS
|
|---|---|---|
|
Best for
|
Businesses with credit sales
|
Cash-based businesses
|
|
E-Invoice Handling
|
Standard e-Invoice for B2B Sales
|
Consolidated e-Invoice for bulk transactions
|
|
Transaction Type
|
Cash & Credit Sales
|
Cash-only
|
|
Sales Volume
|
Low to Medium
|
High
|
|
Multi-User Support
|
Yes (Accountants + Business Owners)
|
No
|
|
Consolidated E-Invoice
|
Can submission via Palm POS app
|
Submit via cloud backend
|
|
Pricing
|
Free Invoicing & E-Invoice Submissions
|
RM49/month before SST
|
Frequently Asked Questions (FAQs) About AutoCount Cloud Accounting vs Palm POS
Yes. Starting July 1, 2025, all businesses in Malaysia must issue e-Invoices as mandated by LHDN. This is to ensure proper tax reporting, prevent fraud, and enhance financial transparency. Businesses using AutoCount Cloud Accounting or Palm POS will be fully compliant with the new regulations.
- Standard E-Invoiceis required when a customer requests an invoice, mainly used for B2B and credit sales transactions.
- Consolidated E-Invoiceis used for B2C transactions where customers do not request an invoice. Businesses must submit a monthly sales summary report to LHDN before the 7th of the next month.
AutoCount Palm POS automatically generates and submits Consolidated E-Invoices to LHDN. It also allows for QR code scanning of Buyer TIN using MyInvois, ensuring compliance with minimal effort. All sales data can be integrated into AutoCount Cloud Accounting for final financial reporting.
Yes! AutoCount Cloud Accounting offers free access to invoicing and e-Invoice submission modules. Businesses that need advanced financial reporting, SST calculations, and additional features can opt for premium add-ons as required.
Absolutely! Both AutoCount Cloud Accounting and Palm POS allow for multi-user collaboration. Accountants can log in remotely, review financial records, generate reports, and ensure tax compliance, making it an excellent solution for businesses that outsource accounting services.
Yes! Businesses can use AutoCount Palm POS for daily sales transactions and sync the sales data with AutoCount Cloud Accounting for detailed financial tracking, reporting, and tax compliance. This ensures a seamless bookkeeping process with minimal manual entry.
AutoCount Cloud Accounting is ideal for businesses handling credit sales, invoicing, and financial reporting, such as:
✅ Wholesalers & Distributors
✅ Workshops & Auto Repair Services
✅ Professional Services (Lawyers, Accountants, Consultants)
AutoCount Palm POS is best for cash-based businesses that need a fast and simple POS system, such as:
✅ Restaurants & Cafés
✅ Mini-Marts & Grocery Stores
✅ Salons, Spas & Barber Shops
✅ Hawker Stalls & Food Trucks
Conclusion: Why AutoCount Cloud Accounting vs Palm POS is the Best Choice for MSMEs in Malaysia
Malaysia’s e-Invoicing mandate is fast approaching, and MSMEs must adapt to ensure compliance. AutoCount Cloud Accounting and Palm POS offer the most cost-effective, user-friendly, and seamless solutions for businesses transitioning to digital invoicing.
- AutoCount Cloud Accounting is perfect for businesses that issue credit invoices, require financial tracking, and collaborate with accountants.
- AutoCount Palm POSis ideal for B2C businesses that handle high cash volumes and need automated e-Invoice submission.
- Both solutions are fully cloud-based, allowing MSMEs and accountants to collaborate in real time—ensuring financial accuracy and tax compliance.
Final Recommendation: If your business handles cash transactions, go for Palm POS. If you issue credit invoices and need financial tracking, Cloud Accounting is the better choice. However, combining both solutions provides the most seamless experience, ensuring MSMEs stay compliant and efficient.
