Accounting Software For Small Business Malaysia

The advent of cloud and offline accounting software has made things a whole lot easier for businesses and accounting professionals. Now the barrier between client and service provider is as lower than ever before.
Using accounting software, advanced error checking systems can flag inconsistencies and with consistent internet connectivity, figuring out the latest interest rates or currency conversion rates is extremely simple. However, there are a lot of software services out there at a variety of price points, each promising a ton of functionality. Which of them are any good though? Let’s find out, shall we.
Cloud Based or Desktop Software?
The first choice that you will need to make as a business owner is whether you want to go with desktop software or is the cloud a better alternative. The biggest knock against desktop software is price; what if you buy a product and don’t find it very useful or appropriate for your needs? Additionally, desktop software quickly becomes obsolete when the next version is released with more features. Compared to that, software subscription makes a lot more sense, with you paying for only the months you use the service. If you see that the service is not to your liking, you only lost a month’s fees. And you get access to the latest and newest features immediately. Also, your data is always backed up in the cloud and accessible from anywhere on the world, giving you reliability, flexibility, and security.
The knock against cloud based software is again, that it requires internet access to work at all. In case of no connectivity, you cannot work at all. If your region does not have high speed internet connectivity, cloud software is pretty much out of the question.
Quickbooks Accounting Software
Keeping these things in mind, we would recommend QuickBooks. QuickBooks has both desktop and online offerings, both of which are excellent. The cloud version, especially QuickBooks Online Plus, is a very functional and well-designed client for the price. It has an extensive number of features, integrates well with other industry standard business applications, and offers immense flexibility with records. The primary disadvantage of QuickBooks is that it is on the expensive end of the program. Also, it does not currently support multiple currencies or offer localisation support. What this means is that the software will not automatically take into account the present interest rates and tax code information for Malaysia; they will need to be entered manually.
However, for small and medium business enterprises, QuickBooks offers the best blend of functional and feature packed and yet easy to use software. You can look into QuickBooks Desktop if internet connectivity is an issue. It offers a vast array of services and has support for third party add-ons that extend its functionality. QuickBooks has existed since the days of DOS, offering an alternative to more clunky of powerful software. Now QuickBooks remains usable as ever but no one can say that it skimps on functionality. You might not be able to let go of your accountant just yet, but QuickBooks is one of the best choice for accounting software for small businesses.