Use Finworld E-Invoice to streamline your Malaysian company’s e-invoicing process.
For tax purposes, the Malaysian Inland Revenue Board (LHDN) is requiring e-invoices. Because Finworld E Invoice is certified to adhere to these rules, it is a perfect fit for your company. The first set of companies must be in compliance with e-invoicing by August 1, 2024, as it is being implemented gradually. All Malaysian companies, regardless of size, will have to use electronic invoices by July 1, 2025. Make the move to Finworld E Invoice and make sure your company continues to adhere to LHDN guidelines.
How Can Finworld E-Invoice Help Your Company Comply with LHDN E-Invoice Regulations?
The guidelines as of February 9, 2024, state that each e-invoice must have 35 required fields and 20 optional fields. This means that a valid e-invoice submission requires the completion of 55 fields in total. By storing all of these field records, Finworld E-Invoice automates this process and removes the need for tedious manual entry.
You can monitor the status of each issued e-invoice in Finworld E-Invoice, including whether it has been submitted, validated, rejected, or canceled. This allows you to use Finworld E-Invoice to easily track the status of every e-invoice.
Some transactions, such as dividends, foreign income, foreign purchases, agent payments, and cross-border transactions, call for electronic invoices in addition to standard sales invoices. Finworld E-Invoice is equipped to support and comply with these requirements in accordance with LHDN guidelines, covering:
Finworld LHDN E-Invoice Features
MyInvois Ready Company Profile
With the help of Finworld E-Invoice, you can complete your company profile and add all the information required for submitting an E-Invoice. In order to make sure your profile is MyInvois Ready, it also highlights any information that is missing. You can now test using the LHDN Preprod API.
Finworld E-Invoice system
With just a button click, our streamlined invoicing process includes standard E-Invoice submission to MyInvois. In addition to facilitating individual and bulk submissions, it gives you access to the submission status and a 72-hour window for any necessary revisions
Consolidated E-Invoice
Once a month, some companies are able to submit consolidated electronic invoices. A user-friendly interface is offered by Finworld E-Invoice for sending multiple invoices to MyInvois as a single consolidated E-Invoice.
Self-Billed E-Invoice
You must issue self-billed electronic invoices when your suppliers are unable to provide one. With just a single click, you can quickly submit any purchase bills to MyInvois as a self-billed electronic invoice using Finworld E-Invoice.
Seamlessly Import Transaction from Supplier E-Invoice
Import E-Invoices straight from your suppliers to easily incorporate supplier transactions into your Finworld Account. By doing away with manual data entry, this efficient procedure ensures accuracy and saves time. To keep your records current and in line with Finworld E-Invoice, you can import all pertinent transaction details from the supplier’s E-Invoice with a few clicks.
Cancelling an E-Invoice
Within 72 hours of an e-invoice being submitted to MyInvois, you can cancel it with a specified explanation. A countdown timer in Finworld E-Invoice shows which invoices can still be canceled. It only takes one click to accomplish this task in Finworld E-Invoice.
Finworld E-Invoice Made Simple – Affordable, Cloud-Based, and No Hidden Fees!
Say goodbye to expensive software installations and recurring fees. Our online cloud-based E-Invoice solution is User-friendly, offering seamless access anytime, anywhere. With no hidden fees, you get a cost-effective invoicing solution that grows with your business!
Online cloud-based E-Invoice solution
Direct access from anywhere and anytime!
Without installing any Software!
Unlimited Users
Because We Understand Your Needs!
Create multiple users with different roles at no extra cost. Enjoy the flexibility to manage your team effortlessly without worrying about additional fees!
Unlimited Transactions
Unlimited Transactions with no restrictions
Secure and Reliable
Designed for businesses of all sizes
User-friendly and easy setup
Quickly get started with an easy-to-use interface.
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