If your business earns less than RM 150,000 per year, there is no legal requirement to submit e-invoices. This gives you flexibility in how you manage your accounting:

• No e-Invoice Submission Required: You are not obligated to submit e-invoices to LHDN (Inland Revenue Board of Malaysia).
• Optional Accounting Software: You can choose whether or not to use accounting software. However, using a system like BMO Accounting can still help you manage your finances more efficiently.

If your business earns more than RM 150,000 per year, you are required to submit e-invoices to LHDN. Here’s how BMO POS and Accounting can help:

• e-Invoice Submission: You must submit e-invoices for all transactions as per LHDN regulations.
• Consolidated Invoice Option: If you are using a POS system, you can opt to submit a consolidated invoice at the end of the month instead of individual e-invoices for every transaction.
• BMO POS System: Our POS system can generate a consolidated invoice report, making it easy for you to submit to LHDN.

Even if you use a consolidated invoice, customers may still request individual e-invoices for their purchases. Here’s how BMO handles this:

• Customer Request: Customers can request an e-invoice through a website or portal provided by BMO.
• Issue e-Invoice: Once a request is made, you must issue an e-invoice from your accounting system. BMO Accounting makes this process seamless.
• Exclude from Consolidated Invoice: The receipt for which an e-invoice is issued will be excluded from the consolidated invoice report.
• Submit to LHDN: BMO Accounting will handle the submission of the e-invoice to LHDN on your behalf.

BMO Accounting is a comprehensive solution that handles all your accounting needs:

• Vendor Bills: Manage and track payments to vendors and suppliers.
• Sales Bills: Record and manage invoices for sales transactions.
• Credit Notes: Issue credit notes for returns or adjustments.
• Financial Reporting: Generate financial reports like profit and loss statements, balance sheets, and cash flow statements.

BMO Accounting is designed to make your life easier:

• Cloud-Based System: Access your accounting data anytime, anywhere, with our fully cloud-based system.
• Dedicated Support: Our team, based in Penang, Kuala Lumpur, and Johor, is always available to assist you with any issues or questions.
• Scalable Solution: Whether you’re a small business or a growing enterprise, BMO Accounting grows with you.