Pre-Configured Malaysia Chart of Accounts

Odoo Accounting comes ready with a complete Malaysia Chart of Accounts, aligned with local financial reporting standards. This saves time for new implementations and ensures your accounts follow standard Malaysian practice.

What’s included:

• Standard account codes for Malaysian businesses

• Segmented by Assets, Liabilities, Equity, Income & Expenses

• SST Output & SST Input tax accounts

• Pre-mapped accounts for sales, purchases, inventories, payroll & statutory payments

• Ready for use by accountants and auditors

• Fully customizable if your business requires additional accounts or structure

Benefits:

• Faster setup, zero manual configuration

• Avoids errors from using foreign or generic CoA

• Easy for local accountants and auditors to understand

Automated SST (Sales & Service Tax) Management

 SST compliance is critical for Malaysian businesses — and Odoo handles it automatically. With built-in SST logic, your invoices, bills, and reports stay compliant without manual adjustments.

What Odoo Does for SST:

• Supports SST 6% (Sales Tax) & Service Tax

• Auto-calculates SST for invoices, credit notes, and bills

• Auto-posts SST Output Tax & Input Tax to correct ledger accounts

• Correct SST-inclusive and SST-exclusive pricing handling

• SST Rounding rules (Malaysia standard) built-in

• SST codes included in product settings

SST Reporting:

• SST-02 Monthly/Quarterly Report ready for export

• Tax ledger & SST summary reports

• Detailed tax audit trail for LHDN / Customs review

• Export to Excel or PDF for accountants or auditors

Benefits:

• Reduce manual SST errors

• Faster month-end closing

• Accountant- and auditor-friendly documentation

Full LHDN e-Invoice Ready (MyInvois via API)

Odoo supports seamless integration with LHDN’s MyInvois system, ensuring your business stays compliant with Malaysia’s national e-Invoicing mandate.

Features:

• Auto-submit invoices to LHDN

• Auto-download validation results (UUID, IRN)

• Auto-embed QR code onto customer invoice PDF

• Handle cancellations, credit notes & replacements

• Full audit trail stored securely

• Works with Sales, POS, Inventory & Accounting

Benefits:

• Zero manual upload to MyInvois portal

• Lower compliance risk

• Faster and more accurate billing

Automated Bank Reconciliation

Make your month-end process easier. Odoo can automatically import and match your bank transactions.

Features:

• Import bank statements (CSV / OFX)

• Auto-matching rules for payments & receipts

• Manual reconciliation interface for unmatched entries

• Multi-bank support (Maybank, CIMB, RHB, Public Bank, etc.)

• Track outstanding cheques & payments

Benefits:

• Reduce manual typing

• Lower reconciliation errors

• Faster month-end closing

Full LHDN e-Invoice Ready (MyInvois via API)

Odoo supports seamless integration with LHDN’s MyInvois system, ensuring your business stays compliant with Malaysia’s national e-Invoicing mandate.

Features:

• Auto-submit invoices to LHDN

• Auto-download validation results (UUID, IRN)

• Auto-embed QR code onto customer invoice PDF

• Handle cancellations, credit notes & replacements

• Full audit trail stored securely

• Works with Sales, POS, Inventory & Accounting

Benefits:

• Zero manual upload to MyInvois portal

• Lower compliance risk

• Faster and more accurate billing

Financial Reports for Directors, Accountants & Auditors

Reports Available:

• Profit & Loss

• Balance Sheet

• Cash Flow Statement

• General Ledger

• SST Reports

• Tax Ledger

• Partner Ledger (AP/AR aging)

• Audit trail reports

• Custom management reports

Benefits:

• Real-time reporting

• Export to Excel, PDF or Google Sheets

• Auditor-ready financial structure

• Directors can access dashboards anytime