Hi,

Does anyone heard and use a cloud based accounting software before?

What is your opinion? Any difficulties and complaint so far?

Is it a Malaysian based company or foreign company?

I am sorry for not mention which cloud based accounting software I am referring to.

I would like to heard review about this accounting software called Financio.

Hi reds_nhgz,

I am using cloud based accounting software called Quickbooks. However, my boss feel that it is expensive to use it as monthly the company need to pay RM 98.00.

Since it is foreign based company, thus we need to pay for the imported service tax which is 6% of the monthly subscription fee. I am not sure whether we need to pay for the withholding tax or not.

I am thinking off switching to Financio but I heard that it has some drawback when using it.

I heard about Xero too but it is an ERP system. Yet, our company is operating in small scale thus it might not suitable.

May I know what is the reason your friend not using Financio at the end?