Top 10 Accounting Firms in Malaysia for MSMEs and Sdn Bhd

Managing accounts becomes increasingly complicated as a business grows. Beyond recording income and expenses, Malaysian companies may need help with financial statements, tax submissions, payroll, company secretarial matters, SST and e-Invoicing compliance.

For MSME, hiring a complete in-house finance department is not always practical or cost-effective. An outsourced accounting firm can provide access to bookkeeping, tax and compliance expertise without the fixed cost of building an internal team.

Our list highlights the top 10 accounting firms in Malaysia that offer services relevant to MSMEs, start-ups and established Sdn Bhd companies. Let’s get to it.

How Were These Accounting Firms Selected?

The firms were assessed based on factors that commonly matter to Malaysian business owners:

• Accounting and bookkeeping services
• Tax and statutory compliance support
• Payroll and company secretarial services
• Experience working with SMEs or Sdn Bhd companies
• Cloud accounting and e-Invoicing capabilities
• Suitability for start-ups, growing companies or regional businesses

Accounting Firms in Malaysia at a Glance

1. Accounting.my

Best for: Comprehensive outsourced accounting for Malaysian SMEs

Accounting.my takes the top position because its services are closely aligned with the everyday needs of Malaysian MSMEs and Sdn Bhd companies.

Operated by MyCoMate Advisory Sdn Bhd, the firm provides outsourced accounting, bookkeeping, financial statement preparation, tax planning, payroll, company secretarial services, accounting software support and business licence consultation. It positions its services specifically around SMEs that may need an external team to manage several finance and compliance functions.

This broad service coverage can be especially useful for business owners who do not want to coordinate separately with a bookkeeper, payroll provider, tax adviser and company secretary.

Accounting.my also states that it has 19 years of industry experience and serves clients in Malaysia, China and Thailand. Its combination of local SME positioning and broader business support makes it a practical option for both newer and more established companies.

Core services:

• Outsourced accounting and bookkeeping
• Financial statement preparation
• Tax planning and tax assistance
• Payroll services
• Company registration and secretarial services
• Accounting software support
• Audit coordination and business licensing consultation

2.  TJW Group

Best for: Johor-based family businesses and established SMEs

TJW Group, also known as T.J. Wang, is a long-established accounting practice headquartered in Johor Bahru.

The firm grew from a small home-based practice into a group with more than 70 employees, while maintaining a strong presence in southern Malaysia.

Its position in Johor may make it a convenient option for local SMEs, family-run companies and businesses operating near the Malaysia-Singapore economic corridor.

Companies considering TJW Group should discuss the exact scope required, particularly whether they need routine bookkeeping, tax support, audit services, company secretarial assistance or broader business advice.

Core services may include:

• Accounting and bookkeeping
• Audit and assurance
• Tax services
• Corporate compliance
• Company secretarial support
• Business advisory

3. Foundingbird

Best for: Start-ups and digitally managed Sdn Bhd companies

Foundingbird combines company incorporation, company secretarial services, accounting and business administration through an online platform.

Its accounting and bookkeeping services are positioned specifically for start-ups and SMEs. Founders can use the same provider to register a Sdn Bhd, maintain statutory records and obtain ongoing bookkeeping support.

This digital-first approach may appeal to founders who prefer online document management and remote communication rather than visiting a traditional accounting office.

Foundingbird is likely to be most suitable for relatively straightforward businesses. Companies with complex group structures, cross-border tax arrangements or industry-specific reporting requirements should confirm that the required expertise is available.

Core services:

• Sdn Bhd incorporation
• Accounting and bookkeeping
• Company secretarial services
• Compliance management
• Business advisory
• Online corporate document management

4. InTune Outsourcing

Best for: SMEs outsourcing both accounting and HR functions

InTune Outsourcing was founded in 2007 as an accounting outsourcing and business consultancy firm focused on small and medium-sized enterprises. Its main services include accounting, bookkeeping, payroll and human resources outsourcing.

This combined model may appeal to smaller companies that do not have dedicated finance or HR departments. Rather than engaging separate vendors, an SME can outsource several administrative functions to the same provider.

InTune also positions its accounting services around helping business owners understand performance and maintain better control over their operations, rather than treating accounting solely as a year-end compliance exercise.

Core services:

• Outsourced accounting
• Bookkeeping
• Payroll outsourcing
• HR outsourcing
• Financial and business consultancy
• Periodic management reporting

5. CALTRiX

Best for: Xero, cloud accounting and financial automation

CALTRiX is a suitable option for Malaysian businesses that want to move away from manual spreadsheets or traditional desktop accounting systems.

The firm specialises in Xero implementation, cloud bookkeeping, e-Invoicing services and accounting workflow automation. It also supports integrations with tools used for payroll, document capture, approvals and other finance processes.

Cloud accounting can provide business owners with more timely visibility over invoices, expenses, cash flow and financial performance. However, the quality of the results still depends on the system being configured correctly and the underlying records being maintained accurately.

CALTRiX may be relevant to e-commerce companies, service providers, F&B operators and businesses with growing transaction volumes.

Core services:

• Xero implementation
• Cloud bookkeeping
• e-Invoicing setup
• Financial workflow automation
• Accounting system integration
• Xero training and support

6. 3E Accounting Malaysia

Best for: Newly incorporated Sdn Bhd companies

3E Accounting is a strong option for entrepreneurs who need help setting up and maintaining a Malaysian company.

Its services cover Sdn Bhd incorporation, company secretarial matters, bookkeeping, cloud accounting, payroll, tax support and compilation of unaudited financial statements. The firm also provides accounting system setup and consolidation account services.

One advantage is the availability of publicly listed starting prices for selected bookkeeping packages. At the time of review, its website listed monthly bookkeeping for an active company from RM900, quarterly bookkeeping from RM1,200 and annual bookkeeping for a dormant company from RM500, excluding applicable service tax. 

3E Accounting may be particularly convenient for foreign founders, start-ups and first-time directors looking for incorporation and ongoing compliance support from one provider.

Core services:

• Company incorporation
• Bookkeeping and cloud accounting
• Company secretarial services
• Payroll administration
• Tax and compliance support
• Financial statement compilation
• Accounting system setup

7. GSK & Associates

Best for: SMEs needing accounting, audit and tax support

GSK & Associates is a Malaysian chartered accounting firm providing accounting, statutory audit, taxation and business advisory services.

Its accounting and bookkeeping services are tailored to Malaysian SMEs, with records prepared to support statutory audits, tax computations and potential tax audits. The firm also provides SST compliance, payroll, company incorporation, company secretarial services and business valuation.

This wider compliance coverage may be helpful for companies that want their bookkeeping, tax and audit-related work coordinated more closely.

GSK & Associates can serve start-ups and smaller businesses, but it may be particularly relevant to established Sdn Bhd companies with more demanding tax or statutory reporting requirements.

Core services:

• Accounting and bookkeeping
• Statutory audit
• Corporate and personal taxation
• Tax audit assistance
• SST compliance
• Payroll
• Business valuation and advisory

8. YYC Advisors

Best for: Growing SMEs that need accounting and business advisory

YYC Advisors is an established Malaysian professional services firm offering accounting, taxation, audit, corporate advisory and business advisory services.

Founded in 1974, YYC has expanded beyond routine bookkeeping into areas such as cloud accounting, outsourced CFO support, internal audit, risk management and strategic financial advice.

This makes YYC particularly relevant to SMEs that have moved beyond basic recordkeeping and need better financial reporting, cash flow oversight or guidance for their next stage of growth.

Smaller companies may not require its entire service range, but growing Sdn Bhd companies could benefit from having accounting, tax and advisory capabilities available under one provider.

Core services:

• Outsourced bookkeeping and accounting
• Tax and audit services
• Cloud accounting
• Outsourced CFO services
• Internal audit and risk management
• Corporate and business advisory

9. BoardRoom Malaysia

Best for: Established SMEs with regional operations

BoardRoom Malaysia provides accounting, tax, payroll, corporate secretarial and business administration services to private businesses, multinational companies and listed organisations.

Its regional service network makes it particularly relevant to Malaysian companies expanding into other Asian markets or foreign companies establishing operations in Malaysia.

A smaller local business with basic bookkeeping needs may find a specialised SME provider more straightforward. However, an established Sdn Bhd with overseas subsidiaries, regional payroll or multi-market compliance requirements may benefit from BoardRoom’s wider capabilities.

Core services:

• Accounting and financial reporting
• Tax compliance
• Payroll services
• Corporate secretarial services
• Regional business administration
• Cross-border company support

10. Grant Thornton Malaysia

Best for: Scaling businesses with more complex financial requirements

Grant Thornton Malaysia is generally more suitable for medium-sized or rapidly growing companies than very small businesses seeking only basic bookkeeping.

Its professional service capabilities cover areas such as audit, tax, advisory, business process support and finance-related outsourcing. A company approaching external investment, regional expansion, restructuring or more demanding governance requirements may benefit from the depth of expertise available through a larger professional services network.

However, smaller MSMEs should compare the proposed scope and fees carefully. A large multidisciplinary firm may offer capabilities that a growing company will eventually need, but a more focused SME accounting provider may be more cost-effective for routine monthly accounts.

Core services may include:

• Audit and assurance
• Tax compliance and advisory
• Accounting outsourcing
• Payroll and business process support
• Risk and business advisory
• Corporate restructuring support

How Do You Choose the Right Accounting Firm?

The best accounting firm is not necessarily the largest or the cheapest. It is the firm that can manage your current requirements while supporting the next stage of your business.

Before signing an engagement letter, ask the firm what is included in its quotation. A low monthly fee may cover transaction entry only, while tax computation, payroll, financial statements and company secretarial work could be charged separately.

You should also consider the following questions:

• Will you receive monthly or annual accounts?
• Who will be responsible for answering your questions?
• Does the firm support your current accounting software?
• Can it help with e-Invoicing and SST where applicable?
• Are payroll and company secretarial services included?
• Does it have experience in your industry?
• How quickly will your accounts be updated?
• What happens if your company receives an LHDN query or tax audit?
• Can the firm support you as transaction volumes increase?

Businesses in construction, e-commerce, F&B, healthcare and professional services may have very different accounting requirements. Industry familiarity can therefore be just as important as the firm’s overall experience.

Conclusion on Choosing The MSME Accounting Firm in Malaysia

Malaysia has accounting firms serving almost every type of business, from newly incorporated start-ups to established companies operating across Asia.

Before appointing any provider, request a detailed quotation and confirm which services, deadlines and deliverables are included. 

This guide was brought to you content.com.my, the leading content marketing agency who wants your taxes and audits done before Uncle LHDN knocks on your door asking about your e-invoice.