Have you ever longed for more accurate business data? Do you need more time to focus on selling your products and services? Are you tired of missing out on cash flow opportunities which affect your bottom line? In that case, free accounting software for small business in Malaysia is what you need!
The topic of Small Business Accounting in Malaysia is a vast one . There are a lot of business owners in Malaysia that don’t really know what they should be doing in order to keep track of their financial situation. We’ve emphasized time and again the importance of accounting in running a successful business, and we reckon it’s about time you give them the opportunity to get the benefits small business accounting software can bring to their business .
Ledger
Bookkeeping Software LedgerLite
“Although the program is very easy to download and use by students it is by no means just a learning tool. It is being used seriously by hundreds of clubs, trusts, and businesses of all sizes around the world to maintain their general ledger accounts“. LedgerLite
**Update** – Ledger has now changed to LedgerLite. You can still download the software immediately, and use it as an unregistered user for 30 days, and then pay a $50 one-time fee, no more charges after that, the ongoing cost is free.
This program is fantastic for learning double-entry bookkeeping because you have to manually enter both sides of each entry.
LedgerLite is compatible with all versions of Windows including Windows emulators for the Mac.
It is a very good, simple and unique program for small businesses and for students wanting to practice entering debits and credits. You can upgrade to LedgerPlus for invoicing, stock control, customer accounts.
What you get with LedgerLite
- A cashbook: where you enter the transactions off your bank statement.
- Chart of Accounts: that you can change to suit your business.
- Entries: a second way you can enter transactions showing on your bank statement, or for journaling entries from one account to another if you have made a mistake.
- A ledger: that lays out the detail of each account that you have made entries to
- Income statement report: showing if the business has made a profit or a loss
- Balance sheet: showing the worth of the business.
- Cash flow statement: showing the flow of cash in and out of the business
- Online help and support
- The option to unlock, for a small fee, some of the locked features such as a ledger listing, trial balance and other. A new, small business can get by without these options – it is not necessary to unlock them.
- The option to upgrade, for a price, to LedgerPlus which has everything a business can use from sales invoicing, accounts receivable and payable, stock control, asset schedule, depreciation etc.
You will see the download icon on their home page – just click on it to install the software to your computer’s hard drive.
ZipBooks: Best for Small Businesses Looking to Upgrade From Spreadsheets
Best for Small Businesses Looking to Upgrade From Spreadsheets
ZipBooks is a web-based financial software with a solid suite of accounting features. The company offers a free plan called ZipBooks Starter — an option that includes basic bookkeeping functionality, along with profit, loss, and balance sheet reporting.
It also covers certain invoicing and quote-related bases — plus the ability to accept payment via credit card or PayPal. It’s a powerful, easy-to-use solution, but its free plan is extremely free plan-ish.
The program’s features you can access with a free plan are restricted to the point that it might be easy to outgrow. You can only link one bank account and view basic reports with its starter option. Should your needs extend beyond that, you’ll need to upgrade to one of its premium plans.
And while those upper-tier plans are reasonably priced, they’re obviously not what someone who wants a free plan is looking for. Again, the solution itself is sound, but if you want a free program that will remain free as you scale, you should look elsewhere.
ZipBooks’ Key Benefits
- Unlimited Invoices
- Ability to manage unlimited vendors and customers
- Accepts digital payments via Square and Paypal
ZipBooks’ Key Drawbacks
- Only allows you to connect one bank account
- Only lets you view basic reports
QuickBooks
Most comprehensive accounting software for small business
TODAY’S BEST DEALSQuickbooks Simple StartUS$10/mthQuickBooks EssentialsUS$17/mthQuickBooks PlusUS$30/mthVISIT SITEat QuickBooks
REASONS TO BUY
+Even basic plan is well-featured+Lots of extras available+Free trial
REASONS TO AVOID
-Several versions-Deals change frequently-Lots to learn
QuickBooks is an instantly recognizable name in the world of accountancy and bookkeeping. It’s owned by Intuit, which also has other options for small business and large ones too, with a diverse portfolio that includes Turbotax, Mint and Proconnect. QuickBooks also comes in numerous different varieties, from desktop editions through to the hugely popular Online edition.
Depending on your requirements, you can choose from QuickBooks Online, QuickBooks Self-Employed, QuickBooks Online Advanced, QuickBooks Live Bookkeeping, QuickBooks Desktop for Mac, QuickBooks Desktop Pro, QuickBooks Premier and QuickBooks Enterprise. However, it is possible to create a custom package using the help of the QuickBooks team if you need a more bespoke option.
Due to the sheer expanse of QuickBooks-based products it’s best to check out the website in order to get the latest update on pricing, versions available and also any deals that Intuit has on this vast range of accounting solutions.
Conclusion
One of the biggest challenges for small business entrepreneurs is funding, especially if you’re just starting out with no capital available. A good idea would be finding free accounting software that will assist you in managing your finances. This way, finding money to invest in growing your business will become less stressful as you won’t be spending as much on software. Here’s a list of Free Accounting Software that you can use to manage your finances.