Compliant e-invoicing Software for LHDN in Malaysia

Improve your cash flow management and streamline business operations with electronic invoicing (e-invoice), the newly endorsed standardized method by LHDN for exchanging invoices directly between suppliers' and buyers' software. Easily transmit and receive invoices quickly, securely, and effortlessly, even if both parties use different software.

Benefits of E-Invoice

Regain control

Bid farewell to lost invoices and uncertainty about payment statuses. Effortlessly monitor the receipt, approval, and processing of your invoices. Seamlessly track your invoices from inception to completion.

Save time and money

e-Invoicing guarantees compliance with regulations while reducing costs and enhancing efficiency. Following LHDN guidelines, transitioning to e-Invoicing can slash processing expenses by as much as 80%. Furthermore, businesses that adopt e-Invoicing often receive payments more swiftly, which improves cash flow and financial stability.

Ensure security and compliance

Efficient system integration ensures precise tax reporting and aligns financial operations with digital industry norms, thereby improving overall efficiency.

Beneficial for the environment

Say goodbye to traditional paper invoices and PDF email attachments that require printing and manual review. Embracing digital invoices reduces paper usage, contributing to a greener environment – a feature everyone can support.

LHDN IMPLEMENTATION TIMELINE

The implementation will occur gradually, starting in August 2024 as below:

1 Aug 2024 -For businesses with an annual turnover of RM100 million or more
1 Jan 2025 - Businesses with an annual turnover of RM25 million to RM100 million
1 Jul 2025 - eInvoice becomes mandatory for all taxpayers in Malaysia

However, businesses can voluntarily embrace e-invoicing from 1 January 2024.

Start Early

Mysoft E-Invoice Solution

MySoft ERP E-Invoice Features & Implementations:-

1) Customer & Supplier E-Invoice Information update

2) All 95 Data Fields required to issue E-Invoice is designed according to LHDN GUIDELINES

3) MySoft E-Invoice Modules

Invoice
DN & CN
Cash Sales
Batch Consolidation Invoice
Payment Refund
Self Billed Invoice
Self-billed Credit Note
Self-billed Debit Note
Self-billed Refund Note

4) Customize Billing Vouchers Layout

5) Auto Reconcile with LHDN Data

6) Email Management System

7) E-Invoice Analysis Reports

8) Software Training

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