UBS Accounting
eInvoicing Software
UBS eInvoicing helps businesses comply with LHDN’s digital invoicing requirements while improving cash flow and efficiency. Get UBS eInvoicing setup, training and support from PC Mart Malaysia.
UBS eInvoicing in action
Watch how Copilot intuitively interacts with your eInvoicing queries.
Why UBS eInvoicing?
eInvoice, mandated by the Inland Revenue Board (LHDN) of Malaysia, aims to enhance business efficiency and curb tax evasion. The implementation will occur gradually, starting in August 2024.
The eInvoice workflow begins with a sale or transaction. Suppliers issue eInvoices through the MyInvois Portal or API. Validated eInvoices are stored in IRBM’s database, allowing taxpayers to view their historical eInvoices. This system simplifies the invoicing process, making it efficient and accessible for businesses of all sizes.
Take back control
Say goodbye to misplaced invoices and payment uncertainties. Monitor when invoices are received, approved, and processed from start to finish, with full visibility.
Save time & money
eInvoice ensures compliance with regulations while cutting costs and boosting efficiency. Businesses adopting eInvoice receive payments faster, improving cash flow and financial stability.
Secure & Compliant
Say goodbye to misplaced invoices and payment uncertainties. Monitor when invoices are received, approved, and processed from start to finish, with full visibility.
Good for the planet
Bid farewell to paper invoices and PDF attachments requiring printing and manual review. Digital invoices reduce paper usage, supporting a greener, more sustainable business environment.
Safe, secure & reliable with UBS eInvoicing
Experience peace of mind with LHDN eInvoice – it’s safe, secure, and utterly reliable. Your data seamlessly integrates into your accounting software with just a click, streamlining your financial processes effortlessly.
Minimize errors and increase efficiency with eInvoicing
By eliminating manual tasks such as sorting, printing, and data entry, eInvoice significantly reduce the chances of human error. This streamlined process removes the potential for mistakes and saves valuable time that would otherwise be spent on invoice processing. The technology relies on standardized data, ensuring validation before the invoice reaches your accounting software and is automatically processed, guaranteeing accuracy in your financial records.
UBS eInvoicing Software FAQ
Need more information? Read our FAQ on Access UBS Evo eInvoicing.
Why do I need eInvoice in Malaysia?
Adopting eInvoice in Malaysia is essential for several reasons outlined in the LHDN guidelines. Firstly, eInvoice ensures compliance with the Inland Revenue Board (LHDN) regulations, helping businesses adhere to legal requirements. Secondly, it significantly reduces processing costs for each invoice, potentially up to 80%, leading to substantial savings. Moreover, eInvoice accelerates payment processes, improving cash flow and improving businesses’ financial stability. Embracing eInvoice simplifies invoicing procedures and aligns seamlessly with the LHDN Malaysia regulations, making it a practical and efficient choice for businesses operating in Malaysia. Many businesses in Malaysia are adopting UBS eInvoicing together with UBS Accounting Software to ensure compliance with LHDN requirements while simplifying invoice and financial management.
What is eInvoice?
eInvoice, per the guidelines provided by LHDN Malaysia, refers to the electronic version of traditional paper invoices. It’s a digital method businesses use to create, send, receive, and manage invoices over the internet. These electronic invoices are structured data files that adhere to a standardized format, ensuring consistency and compliance with LHDN regulations. eInvoice simplifies the invoicing process, reduces paperwork, and enables secure and efficient exchange of invoices between suppliers and buyers. It is crucial in enhancing business efficiency, cutting costs, and ensuring compliance with LHDN Malaysia guidelines.
Why is eInvoice important to your business?
eInvoice is crucial for our business because it ensures compliance with the guidelines set by LHDN Malaysia. By adopting eInvoice, we streamline your invoicing process, reduce operational costs significantly, and enhance overall efficiency. This compliance saves time and money and ensures that our business operations align seamlessly with the regulations, guaranteeing smooth transactions and financial stability.
What are the benefits of eInvoice?
eInvoice eliminates the need for sellers to print paper invoices or create PDFs for mailing or emailing to buyers. Buyers no longer have to input invoice data into their accounting systems manually. This method enhances accuracy and security, speeding up processing times and payments.
In summary, the benefits of eInvoice include:
1. Reduced administrative work for both buyers and sellers.
2. Faster payments for sellers.
3. Cost savings for both buyers and sellers.
4. Fewer errors for buyers and sellers.
5. Direct and secure connections between buyers and sellers.
6. Reduced environmental impact.
How does The Access Group ensure the security of eInvoicing?
The Access Group prioritizes security by implementing necessary measures to ensure the safety and integrity of each eInvoice sent and received through customer software. Each validated eInvoice from LHDN will include a Unique Identifier Number and a QR Code for verification.
Active UBS eInvoicing Software customer? Install the latest version of your software
Keep your system up to date to enjoy the latest features and ensure compliance with Malaysia’s eInvoicing requirements.
For more information, contact PC Mart, an authorized UBS Software Dealer providing installation, training, and support for businesses using UBS eInvoicing Software in Malaysia since 1996.