Top E Invoicing Software Tools for Streamlined Billing and Compliance

What is Bukku?

Introducing Bukku: A Smarter Way to Manage Your E-invoice 1

Bukku is a cloud accounting app designed specifically for Malaysian SMEs. It simplifies financial tasks so that they can be managed by users with no accounting experience.

Invoicing, data entry, and financial reporting are all automated by the e-invoicing software tools. Invoices can be created and emailed or WhatsAppsed with a few clicks by the user. Bank reconciliation and fixed asset depreciation are also automated. Seamless e-invoice generation can save a lot of time for users and reduce manual invoicing processes.

Bukku boasts LHDN e invoice compliance with Malaysia’s taxation laws. It supports the LHDN’s e-invoicing requirement, where e-invoices can be issued within the system by users. It is also Peppol network-integrated, making it convenient to share e-invoices between different accounting systems.

As a cloud-based solution, Bukku is safe and agile. It is accessible using any internet-enabled device and maintain data security. It is 256-bit SSL encrypted and backed up every day.

Bukku offers an invoice plan for free and low subscription plans for its full accounting features. Subscription offers software support and future updates to ensure users stay current with legislation changes.

What Sets Bukku Apart from Other Accounting Software?

Bukku is an internet accounting software for Malaysian small and medium-sized businesses (SMEs). Simple and automated, Bukku is intended to simplify accounting for Malaysian business owners without accounting knowledge.

One of the finest features of Bukku is that it supports Malaysia’s LHDN e-invoicing requirement. With very little setup, electronic invoicing can be generated from Bukku and sent to the LHDN MyInvois portal. Both normal and self-billed e-invoice types are supported with validation status and QR code for scanning by customers.

Automatic data entry is also offered through Bukku’s “Digital Shoebox” facility. Receipts can be uploaded via WhatsApp, and Bukku will automatically extract pertinent information, reducing manual data entry. Bank reconciliations and fixed asset depreciations are also automated, saving time and reducing manual errors.

In terms of managing inventory, Bukku provides real-time monitoring of stock levels, unit prices, and stock values. Its perpetual inventory system ensures accurate and up-to-date records with no need for manual stock-taking.

Bukku, the cloud accounting software in Malaysia, usability is designed for non-accountants, with intuitive dashboards and over 50 financial reports. The reports include key indicators like sales, expense tracking, and cash flow that allow business owners to make solid decisions.

Bukku pricing is also affordable, with a free invoicing plan that includes unlimited e-invoice submissions. Paid plans that allow more premium features begin from RM59 a month, with additional features like inventory management, multi-user access, and comprehensive reporting.

Overall, Bukku is a great, easy-to-use, and affordable accounting system for Malaysian SMEs with automation, e-invoicing compliance, and real-time visibility to make finances easier to manage.

Check out the blog HERE on the top choices of E-Invoice Cloud Accounting Software in Malaysia.

Bukku Pricing and Plan Options

Bukku offers a free 30-day free trial to all new users. Below is the pricing information for monthly and yearly subscriptions; if required for a yearly subscription, the price is more affordable.

Monthly Fee

Yearly Fee

NGO Discount

Malaysian Eligible Non-Governmental Organisations are entitled to a maximum 25% discount.

Bulk Discount

Avail a bulk discount with your 5+ organization subscription to Bukku.

Bukku also offers several services to streamline business operations and the bookkeeping work.

Service	Price / pack / month (RM)
Data Extraction	14.90
Whatsapp	14.90
Email	14.90
Storage	6.90
Additional Users	6.90
Flow Orders	14.90

If you want to get more information about each plan feature, you can check here. It ensures compliance costs for the Malaysian digital economy corporation.

Steps to Begin Using Bukku

Step 1: Create Your Bukku Account

Start by signing up for a Bukku account. Visit the Bukku website and follow the registration process to set up your account.

Step 2: Add Your Company

Log in and register your company on the Bukku platform. Fill in your company details accurately to establish them correctly.

Step 3: Set Up Your Company Profile

Customize your company details in Bukku. This includes filling up your company name, registration number, and other information that is required.

Step 4: Familiarize Yourself with the Interface

Get familiar with the easy-to-use interface of Bukku. Move through the dashboard to get used to the structure and facilities provided.

Step 5: Establish Initial Settings

Set up your initial configurations. It is all about loading opening balances and importing data from existing accounting solutions, if needed.

Step 6: Configure Inventory

Create your stock products and services. Correlate them with the appropriate accounts to make inventory handling easier.

Step 7: Familiarize Yourself with Basics

Utilize the “Getting Started” manual in Bukku. Learn how to record transactions, generate reports, and recognize quotas to utilize the software efficiently.

Check on the blog-> Top e Invoicing Solutions to Streamline Your Business Operations

FAQs

Who is Bukku designed for?

Bukku has been designed to suit the diverse range of users in Malaysia, particularly those searching for a simple and automated accounting system.

Small and Medium Enterprises (SMEs): Bukku, with a simple user interface and automated invoicing processes, makes it easy for financial processes and easy for business owners who do not have a full accounting background.

Non-Accountants: Since simplicity is the mantra, Bukku is designed for users with no formal accounting training. Bukku performs the heavy work of double-entry bookkeeping and financial reporting, leaving it simple for users to manage their finances.

Accountants and Audit Firms: Bukku provides advanced features to support accounting professionals. Bukku has extensive reporting features, local tax compliance, and integration features to simplify accounting.

Micro Retail Businesses: In response to the requirements of small-scale retailers, Bukku offers a free point-of-sale app, Bukku MiniPOS. A mobile application enabling micro retail businesses to carry out sales transactions with ease, it has features such as printing receipts and integrate e-invoicing software, Bukku Accounting for seamless finance management.

By addressing the particular needs of these user groups, Bukku facilitates the management of accounting processes by businesses of all sizes in a simple and efficient manner.

Is Bukku suitable for one who does not have an accounting background?

Yes, Bukku is simplified to be easily used and accessed by users having little or no accounting background. Its simplicity minimizes complex accounting work, and it is ideal for entrepreneurs as well as non-accountants.

Bukku automates much of the accounting work. For instance, double entries and financial statements are generated automatically as you post invoices and transactions. This minimizes manual input and calculations.

The application also offers handy guides and materials to guide users through accounting basics. Bukku also boasts responsive customer care, which addresses users’ queries or issues that they may face.

For the most part, Bukku is an implementable and convenient accounting software for users without an enormous accounting background. The program simplifies financial management, even for those who have never studied accounting concepts previously.

Can I collaborate with my accountant or team in Bukku?

Bukku has a friendly interface that simplifies using the e-invoicing system for users. Automation by the software covers most accounting and digital invoicing tasks, reducing manual calculation and data input usage. Bukku also contains detailed instructions in guides and tutorials to guide the users in learning accounting concepts. Customizable Chart of Accounts also simplifies handling finances by allowing users to personalize it based on their requirements.

Briefly, Bukku is an easy and friendly bookkeeping option for those who are not great at accounting. It makes managing money convenient for even someone who lacks knowledge in accounting techniques.

Does Bukku support tax features like GST or SST?

Yes, Bukku also supports tax facilities like Sales and Service Tax (SST) and is Goods and Services Tax-ready. It natively supports SST in Malaysia and will be capable of supporting GST when the same is reintroduced.

Bukku supports SST-compliant invoicing and taxation reporting. It also supports various tax codes for sales tax as well as service tax. These features keep the business in compliance with Malaysian taxation needs.

In addition, Bukku is utilized by many accountants and accounting firms in Malaysia. Its robust tax features make it a good application to manage taxes professionally.

Does Bukku automatically generate tax reports?

Using a Cloud Accounting Software doesn’t necessarily mean eliminating all manual tasks but instead reducing the usual manual workload your business may have. For example, the cloud-based software can help automate data entry work, and it even allows you to customize and send e-invoices to your clients on-the-go using the software. CALTRiX offers a guarantee of reliable support and results when you choose our services.

How much does Cloud Accounting cost?

Yes, Bukku automatically creates tax reports and accurate financial records, including those required by Malaysia’s Sales and Service Tax (SST). The system produces the SST-02 form, which is required for SST payable recording and reporting. Bukku automation extends to other financial reports, including Profit & Loss statements and Cash Flow statements, for comprehensive financial and tax management.

Bukku’s cloud accounting system makes accounting easier, reduces manual invoice processing, and provides convenience in adhering to taxation policies. The program also supports e-invoicing, allowing companies to transfer LHDN-compliant invoices straight to MyInvois. The integration offers accurate and accurate tax reporting.

In short, Bukku’s automated tax reporting, along with its e-invoicing capabilities and upcoming tax change readiness, makes Bukku an indispensable tool for any business that wants to be one step ahead of the Malaysian taxman.

Does Bukku connect with other systems like payroll or POS systems?

Yes, Bukku connects with other business systems, such as payroll and point-of-sale (POS) systems, to enable seamless cash flow management for Malaysian small and medium-sized businesses (SMEs).

Payroll Integration

Bukku connects with some of the most widely used cloud-based payroll software used in Malaysia, such as Talenox, PayrollPanda, Kakitangan, and Free Payroll. Users can import payroll summary files into Bukku, and the journal entries are automatically created while the financial reports remain up to date. Integration is simple for meeting Malaysian payroll standards such as EPF, SOCSO, and PCB contributions.

POS Integration

Bukku’s “Flow” module facilitates seamless integration with POS systems like StoreHub. The module allows for automatic syncing of sales data into Bukku, enabling real-time reporting of finances and stock management. Sales data can be aggregated daily into a single entry or split into separate SKUs for inventory, depending on business needs.

E-commerce Integration

Bukku also supports integration with e-commerce platforms such as Shopee and Lazada. Integration synchronizes online sales data to allow businesses within the online market an easier order process, e-invoicing process, and tracking of finances.

Overall, Bukku’s integration with payroll applications, POS applications, and e-commerce platforms provides an end-to-end e-invoicing solution for SMEs who want to automate and simplify their financial and business processes.

Alfred Ang

Alfred has led the company in helping over 500 SMEs successfully transition to digital platforms. With expertise in cloud accounting software implementation and other tech stacks. Alfred empowers businesses to access real-time, accurate financial data for informed decision-making. As a Chartered Accountant (CGMA, ACMA, and MIA member), he is driven by the mission to streamline traditional accounting processes. Alfred’s accomplishments include winning the Xero Award for Medium Accounting Partner of the Year in 2024.

Introducing Bukku: A Smarter Way to Manage Your E-invoice