Last Preparations for E-Invoicing. Are You Ready?

Release of Biztrak MSB 17.0 (17.0.0.0)

July 6, 2024

Biztrak MSB Accounting Software Advanced Training Course on e-Invoicing (Sep 2024) – Limited Seats Available

July 24, 2024

Published by Biztraker on July 14, 2024

Last Preparations for E-Invoicing Implementation. Are You Ready?

Latest Update from LHDN on E-Invoicing

As we approach the official kick-off date for e-Invoicing in Malaysia on August 1, 2024, it is crucial that businesses, particularly those with annual incomes of RM100 million and above, are adequately prepared for this transition.

The Inland Revenue Board of Malaysia (LHDN) has recently released vital updates, including the e-Invoice Guideline (Version 3.0) and e-Invoice Specific Guideline (Version 2.2). Additionally, the MyInvois Portal has been launched for issuing and submitting e-Invoices, ensuring a smooth transition. Check out the user guide of MyInvois Portal here.

Given the approaching deadline, it is vital to complete all necessary preparations to avoid last-minute issues. Ensuring that your business is ready for e-invoicing will prevent operational disruptions and maintain compliance with LHDN regulations.

Essential Preparation for E-Invoicing

In preparation for this significant change, it is imperative for businesses to:

Review Compliance Requirements: Familiarize yourself with the latest e-invoicing guidelines issued by LHDN.

Update Accounting System: Ensure your accounting software supports e-invoicing functionality.

Staff Training: Educate your team on the new e-invoicing process to ensure accuracy and efficiency.

Data Verification: Verify that all necessary data fields are correctly populated in your invoices to meet LHDN standards.

Biztrak’s Initiatives for Seamless E-Invoicing Transition

At Biztrak, we are committed to supporting our customers in meeting e-invoicing compliance requirements. Here’s how we are assisting you:

Training and Guidance: We provide comprehensive training sessions and step-by-step guidance on using the Biztrak MSB accounting system to generate and submit e-invoices seamlessly.

Upgraded Software Version: The latest version of Biztrak MSB (version 17.0) includes an enhanced e-invoicing module. This upgrade is essential for compliance and ensures that your business is ready for the e-invoicing mandate.

Action Required: Software Update

For customers who have not yet opted for the software update, please send a request to the Biztrak support team immediately. Timely updating of your Biztrak MSB system is crucial to ensure your business can comply with the new e-invoicing requirements from August 1, 2024.