Powerful Features for Complete Cloud Accounting
AIAccount delivers a full suite of tools from AI-powered bookkeeping to e-Invoice compliance, helping Malaysian SMEs manage finances with ease
AI-Powered Bookkeeping
AIAccount features an advanced AI automation engine — from OCR invoice scanning to intelligent journal entries, automating your entire bookkeeping workflow.
- AI agent analyzes context, cross-references documents, and posts double-entry journals automatically
- OCR reads sales and expense invoices, captures key details, and prepares accounting entries
- Bank statements auto-matched to existing receipts, payments, and outstanding invoices
- Recurring invoice generation on monthly, quarterly, half-yearly, or yearly basis with service period details
e-Invoice Compliance
Fully integrated with Malaysia LHDN e-Invoice system, supporting sales invoices, self-billed invoices, and more to ensure seamless compliance.
- Auto-generate LHDN-compliant e-invoices with batch submission and real-time status tracking
- Supports sales invoices, self-billed e-invoices, debit notes, and credit notes
- Transactions automatically flow into the correct e-Invoice module to prevent missing records
- Built-in measurement unit and government code mapping for full regulatory compliance
Inventory Management
Perpetual inventory system with moving average costing — automatically tracks stock movements and calculates cost of goods sold in real time.
- Purchases recorded as inventory assets; COGS auto-calculated upon sales using average cost
- Supports inventory adjustments (quantity and cost), raw material assembly, and WIP tracking
- Inventory tracking by warehouse or location, with exportable lists for year-end stocktake
- Contact-specific price rules auto-applied to sales and purchase transactions
Financial Reports
Generate General Ledger, Profit & Loss, Balance Sheet, and more with one click — with multi-period comparison and flexible filtering for data-driven decisions.
- General Ledger with debit/credit balance toggle, multi-currency columns, and PDF/Excel export
- Profit & Loss supports custom periods with full historical traceability across any year
- Balance Sheet auto-computes current year earnings and retained earnings with prior-period comparison
- AI Financial Performance Summary combines key ratios into a clear snapshot of business health
Bank Reconciliation
Upload bank statements for automatic reconciliation and smart matching — dramatically reducing manual checking time.
- Auto-import bank statements and intelligently match to existing receipts, payments, and invoices
- Unmatched items can be converted to new receipts or journal entries with one click
- View and manage historical reconciliation records with edit and delete capabilities
- Bank account balances sync automatically to the Balance Sheet for accurate reporting
Multi-Currency Support
Built-in multi-currency transactions with automatic live exchange rates and foreign exchange gain/loss calculation for seamless international business.
- Foreign currency transactions converted at live rates; exchange gains/losses auto-calculated on payment
- Rate differences between invoicing and payment dates auto-posted to forex gain/loss accounts
- Supports foreign currency invoicing, receipts, and opening balance recording
- General Ledger reports display both original currency and home currency columns
Fixed Assets
Complete fixed asset lifecycle management — from registration and automatic depreciation to disposal, with all double entries generated by the system.
- One-click depreciation run generates batch depreciation entries and fixed asset notes automatically
- Asset disposal with automatic gain/loss calculation and corresponding journal entries
- Bulk import fixed assets from Excel for fast historical data migration
- Customizable depreciation expense account allocation (e.g., to Cost of Sales) for flexible reporting
Tax Compliance
Built-in Malaysia SST, GST, and multi-country VAT tax code support with automatic tax calculation and compliant tax reporting.
- Pre-configured country-specific tax codes (SST/GST/VAT) with option to add custom local codes
- Supports both accrual basis and cash basis GST reporting methods
- GST calculation supports item-by-item and subtotal methods with automatic rounding adjustment
- Withholding tax handling and reverse charge recording for imported services
Cloud Document Storage
Upload invoices, receipts, and bank statements monthly — AIAccount archives them automatically by month. Retrieve any document instantly during LHDN audits, never worry about lost files again.
- Organized by monthly folders for quick retrieval of any period
- Support for invoices, receipts, bank statements and more file types
- Secure cloud storage — fire-proof, flood-proof, meeting LHDN 7-year retention requirements
- Access, view and download original files anytime, anywhere for audit compliance