https://krishnaassociates.biz/

Outsourced Accounting & SST Compliance Services for Malaysia

SST returns, EPF/SOCSO payroll, bookkeeping, and management reporting for Malaysian SMEs — handled by dedicated accounting professionals who understand Malaysia's regulatory environment.

Malaysia-Ready Accounting Expertise

Malaysia’s compliance requirements — SST filing with Royal Malaysian Customs (RMC), EPF and SOCSO contributions, PCB monthly tax deductions, and LHDN reporting — demand consistent attention and local knowledge. Krishna Associates provides reliable outsourced accounting for Malaysian businesses of all sizes.

SST Returns Filing

We prepare and manage your bi-monthly Sales and Service Tax (SST) returns in compliance with Royal Malaysian Customs Department requirements.

EPF, SOCSO & EIS Payroll

Accurate monthly payroll with EPF, SOCSO, EIS, and PCB (income tax) deductions — submitted via e-Caruman and e-PCB portals on time every month.

Xero & Financio Specialists

We work in accounting software suited to Malaysian businesses, including Xero, SQL Accounting, and Financio with local tax codes configured.

MFRS-Aligned Reporting

Financial statements prepared in accordance with Malaysian Financial Reporting Standards (MFRS) for audit, banking, and regulatory purposes.

MYT Business Hours Support

Our working hours overlap with Malaysia Time (MYT) ensuring timely communication, quick turnarounds, and responsive support for your team.

Affordable Outsourcing

Significantly more cost-effective than hiring local accounting staff in KL, Penang, or Johor, with no EPF, SOCSO, or leave obligations on our end.

What We Offer Malaysian Businesses

Full-suite outsourced accounting and compliance services for businesses operating in Malaysia.

Bookkeeping Services

End-to-end bookkeeping including transaction recording, bank reconciliation, AP/AR management, and month-end close — MFRS-compliant and audit-ready.

SST Returns

Bi-monthly SST-02 return preparation, sales tax and service tax reconciliation, and submission support in compliance with Royal Malaysian Customs requirements.

Payroll — EPF / SOCSO / EIS / PCB

Monthly payroll processing with accurate EPF (employee and employer), SOCSO, EIS contributions, and PCB withholding — all filed through the relevant portals on time.

Management Reporting

Monthly P&L, balance sheet, cash flow statement, and customised KPI dashboards tailored to the needs of Malaysian business owners and directors.

Annual Accounts Preparation

Year-end financial statements in accordance with MFRS to support your auditor's annual audit and Suruhanjaya Syarikat Malaysia (SSM) filing.

Accounts Receivable & Credit Control

Invoice management, debtor follow-ups, and AR ageing analysis to help Malaysian businesses maintain healthy cash flow and reduce overdue receivables.

What We Handle for Malaysia

Ready to Outsource Your Malaysian Accounting?

From SST returns to EPF payroll and MFRS financial statements, Krishna Associates provides accurate and timely accounting support for businesses in Kuala Lumpur, Penang, Johor, and across Malaysia.

Serving Sdn Bhd, Plt, and sole proprietor businesses across Malaysia.

Frequently Asked Questions — Malaysia

Yes — we prepare bi-monthly SST-02 returns covering both Sales Tax (on manufactured or imported goods) and Service Tax (on specified taxable services). We handle reconciliation, cross-checking, and filing in compliance with Royal Malaysian Customs Department requirements.

Yes — we manage EPF, SOCSO, and EIS for Malaysian citizens and PRs. For foreign employees, we apply the correct contribution rules (EPF on voluntary basis for foreigners, SOCSO applies to foreign workers). PCB withholding is applied based on the employee's tax status and income.

We use Xero, SQL Accounting, Financio, and Zoho Books for Malaysian clients. SQL Accounting is commonly used by Malaysian SMEs and we are familiar with its local tax configurations. Xero is our recommendation for growing businesses.

We prepare MFRS-compliant financial statements that your auditor can use for the annual audit, and which support your company's annual return submission with Suruhanjaya Syarikat Malaysia (SSM). We work directly with your auditor to ensure a smooth process.

We typically onboard Malaysian clients within 48–72 hours. After a brief consultation to understand your business, we'll request access to your accounting software and payroll records. If a books clean-up is needed, we'll scope that as a first step before taking over ongoing monthly work.

Malaysia's Trusted Outsourced Accounting Partner

From SST returns and EPF payroll to MFRS financials and management reports — Krishna Associates is ready to support your Malaysian business.