Introduction

Financio, a product of ABSS, brings small business accounting automation to Malaysia and other
countries, redefining how small business owners handle accounting and tax tasks, bringing accounting
software to the next level.

Financio is an accounting platform that is built for people with absolutely zero accounting
knowledge.

Financio is a cloud based accounting software that can be accessed anywhere with any devices
connected to the Internet. It is designed for micro and small businesses in Asia. The user interface is
designed to be simple and easy to use as it is targeted at non-accountants such as business owners,
manager. To enjoy full features, you will need to subscribe to the premium version, to be billed monthly
or annually. Payments are accepted via debit or credit card on prepaid basis and it is automatically
renewed until cancelled. We frequently roll out updates to Financio, you can expect updates, bug fixes,
compliance updates and new features on monthly or weekly basis. Due to its cloud or online nature,
updates are delivered to you in almost real time

ABOUT FINANCIO

Financio is a new generation of online accounting & invoicing software tailor-made for Malaysian small
businesses who is looking to streamline their accounting & GST, sale & purchase process with the help of
automation and a super easy-to-use accounting software.

For the first time ever, Financio allows you to do real time collaboration and exchange of documents on
one single platform.

Financio team cares about your cost efficiency, productivity and efficiency, allowing you to focus on
what really matters to your business, such as generating revenue and happy customers.

The software is residing on the Internet, allowing you to access it with any connected devices, anywhere
on the planet. Your transactions are securely stored in our cloud storage with real time backup facilities.
You will never have to worry about losing your data again

Financio, the baby of Asian Business Software Solutions Sdn Bhd (ABSS), was developed for
this exact reason, and if you play your cards right, you might actually be able to use it without
having to pay a penny for a human accountant.
Price of software

FREE
for startups

FREE
 Unlimited Users
 Track Sales (10 invoices/mth)
 Track Purchases (10 bills/mth)
 Track Income & Expenses
 Limited Financial Reports (3)
 No Singapore GST Support
 Multi Currencies Support
 No Inventory Tracking
 Financio Connect
 20MB File Storage
 Standard Support (1 day)
 Daily Backup

PREMIUM
for growing businesses

S$9.95/M $99.50/yr (17% Off)

 Unlimited Users
 Track Sales (Unlimited)
 Track Purchases (Unlimited)
 Track Income & Expenses
 Full Financial Reports (12)
 Singapore GST Support
 Multi Currencies Support
 Inventory Tracking
 Financio Connect
 20GB File Storage
 Priority Support (1 hour)
 Real-Time + Daily Backup (Up to 7 days)
To keep things simple, we only offer 2 types of subscriptions:

Free

This is a plan that never expires. However, this plan does come with its limitations (refer to
table below). To enjoy all the benefits and features, consider subscribing to Premium.

Premium

Access to all features and additional support.

Free 30 Days Trial

All first time sign ups are entitled a free 30-day premium trial; no credit card information is
required.

Upon expiry, your subscription will switch to Forever Free and certain features will be
hidden. To avoid interruption, you are advised to subscribe by providing a valid payment
card information before the expiry of free trial period.

Forever Free Premium

(suitable for startups) (suitable for growing businesses)
RM32.95/M
FREE Forever
RM329.50/yr (17% off)
Unlimited Users Unlimited Users
Track Sales (10 invoices/mth) Track Sales (Unlimited)
Track Purchases (10 bills/mth) Track Purchases (Unlimited)
Track Income & Expenses Track Income & Expenses
Limited Financial Reports (3) Full Financial Reports (12)
No Malaysia GST Support Malaysia GST Support
Multi Currencies Support Multi Currencies Support
No Inventory Tracking Inventory Tracking
Financio Connect Financio Connect
20MB File Storage 20GB File Storage
Standard Support (2 days) Priority Support (2 hours)
Daily Backup Real-Time + Daily Backup (Up to 7 days)

Ease of implementation

1. With cloud accounting, software is hosted on remote servers, allowing you

to access the software anywhere, from nearly any device, anytime — so
long as you have an internet connection. Cloud-based accounting
 software operates in the cloud and is hosted on remote servers. It is
accessed via the internet and offers key benefits like mobility.
cloud accounting software – ProfitBooks is hosted on the centralized servers. Users can just open their
web browsers and start using the application without installing anything on their PCs.

Whether you are on your desktop, laptop, tablet or smartphone. You can access your accounting
data from anywhere with a web-browser. No downloads, nothing to install, no conflicting
versions or files.

After creating your account, everything's set up so you can get started right away. Access it anywhere,
any time. Your data is always available, and it’s backed up for extra peace of mind.

 Financio is blazingly fast, hosted locally.

 The user interface that is so superb, super simple to understand and use.
 Financio understands you better. It is built by Asian for Asians.
 Backed by ABSS* who has been around over 7 years and has more than 300,000
customers across the region.

The user interface is designed to be simple and easy to use as it is targeted at non-accountants such as
business owners, manager. To enjoy full features, you will need to subscribe to the premium version, to
be billed monthly or annually. Payments are accepted via debit or credit card on prepaid basis and it is
automatically renewed until cancelled. We frequently roll out updates to Financio, you can expect
updates, bug fixes, compliance updates and new features on monthly or weekly basis. Due to its cloud
or online nature, updates are delivered to you in almost real time.

Free Trial
2.3.1 We may make all or part of Financio available to you on a trial basis free of charge (the “Free
Trial”). The Free Trial shall begin when you submit a registration for the same to us, and shall
terminate on the earlier of:

a. the Free Trial expiration date as specified by us upon receiving your registration;

b. the date you purchase a paid subscription under this Agreement.

2.3.2 NOTWITHSTANDING CLAUSE 5, ACCESS TO FINANCIO IS PROVIDED “AS-IS” AND

WITHOUT WARRANTY OF ANY KIND DURING THE FREE TRIAL

E-Invoicing / E-Transaction
Financio allows you to forward invoices and other transactions to your customers via email without
having you to print it out or export to PDF. All you have to do is provide your customer’s email address
and turn on “Send E-Transaction”.
Financio Connect Financio
Connect allows you to connect to other businesses (customers or suppliers) that are also using Financio
as their primary accounting software. Transactions can be forwarded to the receiver’s accounting
system and automatically posted to their Chart of Accounts upon their approval.
User & Business Entity
In Financio, user and business are two totally different entities. As an user you can own / have access to
multiple businesses, similarly access can be granted to multiple users within a single business. The same
goes to your contact list, you will have to explicitly specify whether a particular contact is “person” or
“business”

Ease of use

FOR BUSINESS OWNERS

You don’t have to be an accountant to use Financio. It is designed for business owners and non-
accountants. The interface and steps are all designed with you in mind.

ACCOUNTING AUTOMATION

Just do what you love doing and concentrate on growing your business, leave the rest to us. Financio
generates accounting entries and records automatically for you when you record your transactions in
Financio.

FOR MICRO & SMALL BUSINESSES

Financio is designed just for micro and small businesses. We tweak our interface and features based
on feedbacks we gathered from local micro and small business owner

EVERYTHING UNDER 1 ROOF

We know how frustrating it is to retrieve a small piece of information from dozen of emails or trying
to recall some promises you made on a phone calls 3 months ago. With Financio, you can bring your
transactions, documents and conversations online and stored digitally all under one roof
Developed by ABSS and powered by Microsoft Azure, Financio does not require
any accounting knowledge to operate and has been designed to be used by non-
accountants.
Users can track sales, purchases and miscellaneous transactions through a
simplified dashboard, and automatically generate financial reports and tax records
or forward transactions to recipients via email and inventory tracking. Through
‘Financio Connect’, businesses are also able to collaborate seamlessly and share
documents on the platform.

Functionality

Accounting Automation
Just issue invoices, record payments and expenses, Financio will do the tedious ones such as
generating accounting entries and records for you.
e-Invoicing
Create professional looking invoices and have them delivered to your customers electronically via
email in just a few clicks.
Multilingual Interface
Financio comes in three languages! To make your accounting even easier, you can choose to use
Financio in Chinese, Bahasa Melayu or English.
Malaysia Tax Ready
You can issue all required Tax files as recommended by Royal Malaysian Customs in just a few
clicks and no 3rd party plug-in. Plus you'll be covered by any future changes implemented!

JomPAY Integration
Collect payments quickly, efficiently with lower cost and easy reconciliation through any banks in
Malaysia. Your customers will enjoy the convenience and flexibility of paying you from any bank.

Kakitangan Integration
Kakitangan.com an online platform for SMEs, simplifying HR by providing you with one platform to
manage your payroll, benefits, employee information and much more.

StoreHub Integration
StoreHub, helping business owners manage and grow their businesses with iPad POS System,
Inventory Management, Customer Relationship Management, Retail Management, and Omnichannel.
Recurring Invoice
If your business needs to send the same amount of invoice repetitively, why not just automate it! You
can now automatically send invoices to your customer every week, every month, every 3-months,
every 6-months or once every year.

Bank Feeds
Bank feeds allow you to automatically import bank statements into your Accounting bank or credit
card accounts from banks and other financial institutions.
Collaborate
Send and receive messages as well as share files related to the transaction with your customers or
suppliers, regardless they are using Financio or not.
Financio Connect
Connect your business with other businesses on Financio. Transactions, messages, files and updates
can be sent back and forth effortlessly.
Unlimited Users
Invite your partners, accountants, bookkeepers, sales personnel and assign appropriate permission for
them to reduce your workload.
Flexible Permissions
Highly customisable permission settings (read-only, create or approval) on each modules enable you
to grant precise permission to your employees.
Charts & Reports
Live charts and reports at your fingertips whenever you need it. You are always kept updated and
have a better idea of how your business is doing.
Online / Cloud Based
Online / web-based accounting software. Access your data anywhere with any connected mobile,
tablet or computer. For PC, Mac, Android or iOS.
Live Backup
All data stored on Financio comes with one copy of live backup and a second copy of daily
backup, never worry about losing your data again.
Highly Secure
We deploy banking level security on our servers and for data transferred between your machine and
our servers. Your data is safe with us.
Responsive Support
Our knowledge base provide instant answers to you. On top of that, our support agents will be happy
to answer your questions via live chat / email.

Ability to fit to business

 Balance Sheet
 Profit & Loss
 Trial Balance
 General Ledger Summary
 General Ledger Detail
 Account Transactions
 Aged Receivables
 Aged Payable
 Inventory Summary
 Inventory Detail
 For Singapore/Malaysia (GST/SST)
 GST/SST Summary
 GST/SST Detail

All your data is protected in real time and a live backup is performed off server on a daily basis.

We deploy bank-level security for the connection between your machine and our servers; everything in
transit is encrypted over HTTPS protocol with our 256-bit SSL certificate.

All staff at Financio are required to sign an internal non-disclosure agreement.

Passwords stored on our servers are encrypted with one-way encryption.

may be bias, but Financio (https://financio.co/) is highly suitable for startup businesses / small -
micro businesses. It is supported by a local team and is SST compliant

Growth potential

Financio and our banking partner RHB Bank are proud to offer you first total cloud-based
solution “RHB SME e-Solution” aimed at providing greater connectivity and efficiency for
SMEs to grow your business digitally and efficiently.

What is RHB SME e-Solution?

It’s a combination of banking and digital product that provide seamless connectivity within
SME ecosystem such as collection, payment, accounting and point of sale.

RHB SME e-Solutions encompass of 6 products:

 Accounting Software (Powered by Financio)

 HR Software (Powered by Kakitangan)
 EPOS (Powered by Storehub & ARMS)
 RHB Merchant Terminal / MPOS
 RHB Business Credit Card
 RHB Customised SME Insurance
Online:

1. Register your interest via Financio at https://www.financio.co/rhb

2. RHB branch will be in-touch with you via registered email or phone

RHB Branch:

Walk in to your nearest RHB Branch to open current account and sign up our SME e-
Solution product

1. Complete RHB Business Account application form

2. Submit completed form to the nearest RHB branch
3. Choose your choice of SME s-Solution products

If you have previously submitted an online application, click here to enquire about your
application status process.

Over the next 12 months, RHB will introduce more business-friendly features on SME e-Solutions to
enable customers to make direct payment through FPX and DuitNow. RHB will be expanding tie-ups
with new business solutions partners to include point-of-sale solutions, e-wallet operators, payroll
providers and inventory management solutions

Level of support provided by vendor

Technical Support

Afraid not when you are facing any technical difficulties using Financio. Our friendly and award winning
team at ABSS is always ready to help you. We provide two tiers of support depending on the package
you are subscribed to.

Free: Send a support request using the form provided below, our team will get back to you with a
solution via Email within 1 working day.

Premium: Get more responsive reply from our team members via Chat / Email within 1 working hour
using the in-app Intercom (The chat icon on bottom left) after you logged into Financio.
Note: Our working hours being Mon – Fri, 9am – 5pm, excluding public holidays in the Federal Territory,
Malaysia. The response time-frame serves as a guideline and doesn’t include bug fixes, feature requests
as well as support request that require our team to investigate your business data.

Getting Instant Help

Download our complete user guide or be a Financio hero in no time, or browse through our knowledge
base articles for instant answers.

Vendor’s track record of performance

Users can track sales and purchases and miscellaneous transactions, automatically generate
financial reports and tax records, also automatically forward transactions to recipients via email
and inventory tracking.

It basically takes away most of the bookkeeping process from the business, and all users need to
do is put in the sales and purchase figures. The system will do the rest such as double entries,
generate reports and tax records. Users can track sales and purchases and miscellaneous
transactions, automatically generate financial reports and tax records, also automatically
forward transactions to recipients via email and inventory tracking.

ABSS, formerly known as MYOB, is an award winning accounting and business management
solution for Asian businesses.

It enables you to manage your business with little or no accounting knowledge. Your business
processes are fully automated and the information flows through to every area in your business.

ABSS was formed in 2009 following a management buy-out of the MYOB business in South Asia.
Striving to be the leading SME business solutions provider across Asia, with over 350,000 customers,
90+ staff, offices in Singapore and Malaysia and a wide network of hundreds of qualified Certified
Partners and Resellers throughout the region. ABSS has a vision to be the trusted provider in Asia for
the SME community and is well on its way to getting 1 million customers using their solutions in the
coming years. ABSS has grown from accounting software to offering a wide range of support and
service products. They enable SMEs to grow their businesses by providing tools that simplify
accounting, customer payment gateways, eCommerce solutions and more recently has embarked on
a cloud based micro SME accounting product that addresses the start-up and entry level SME market.
ABSS's product portfolio consists of: ABSS Accounting Software (formally known as MYOB South Asia)
– the leading desktop accounting software in SE Asia ABSS Click to Pay – direct invoice payment
option for ABSS & MYOB users ABSS Webstore – eCommerce solution for ABSS & MYOB users ABSS
BI4Cloud – intelligent business reports for ABSS & MYOB users Financio – micro and small business,
jargon free cloud accounting

e have more than 15 years of experience in the outsourcing domain, and have a core team of
MYOB accountants, analysts and software professionals specialized in accounting tasks.

MYOB has been around for longer than Xero - since the early 1980s, in fact. MYOB was the
dominant player in computer-based accounting software for Australian small businesses
before the introduction of cloud-based accounting solutions.

To keep up with Xero and other competitors, MYOB recently released its own cloud-based
accounting packages including MYOB Essentials and MYOB AccountRight.

While MYOB's products offer a similar range of features to Xero, there is a sense that it is
always playing catch-up as Xero was the first innovator in the online cloud accounting
space.

The MYOB promise reflects its own brand repositioning efforts: 'simplify success'.
We’re thrilled that we now offer Mandarin and Bahasa Melayu, in addition to English, across Financio.
If you, too, are looking to localise your content, here are a few things to consider:

1. Content is More than Translation

Though offering a translation of the content that you’ve created in your native language is always a good
first step, content is much more than simple translation. Localised content needs to not only be in the
audience’s language, but speak to the audience in their language. So use online tools to look at local trends
and at other companies who are effectively, successfully creating localised content, and see what lessons
you can learn and how those can be applied to your content.

2. Localise Strategy
When it comes to your marketing strategy, you do need to consider not just your local perspective, but the
perspective of the locals in the markets you’re reaching out to. Be mindful of customs, traditions, holidays,
religions and taboos that may differ from your own, and keep an eye on the news and fads coming out of
those markets to ensure to keep your strategy agile and content fresh.

3. Think About Images

Finding the perfect stock image to use to accompany text can sometimes feel like winning an Olympic
medal – but before you use that image for the campaign in every single market, stop and consider if that
image works for every market. Think about gender, ethnicity, modesty, and cultural customs surrounding
things like meals or public displays of affection – because, yes, something as simple as hand holding or a
hug in an image could cause issues if those things are considered taboo or inappropriate in a culture. So
examine your images carefully, not just for your market, but for every market.

4. Double-check Everything
Even if you think the language, content, context and imagery are all perfect, it never hurts to double-check
– and it’s even better if you can double-check with someone local. If you’re able, engage a copyeditor or
proofreader native to the market you’re advertising to who can make sure that everything is tip-top shape
and won’t cause an unwanted scandal.
Great for startups, small/micro businesses or any businesses with minimum accounting knowledge
that wants a clean, simple interface that help them stay up to date with local trends and compliance.

Heralded as the next generation accounting software, Financio delivers real-time analytics, automated
bookkeeping, management of funds and tax tasks for business owners anytime, anywhere

Financio is an easy and affordable option for small business owners. For many small businesses, the
amount it costs to hire an accountant to manage their finances can take up a significant cut of their
budget.

According to Conway: “There is plenty of accounting software out there that is not focused on
supporting the micro businesses in Asia, which are predominantly owned by non-accountants.”

Financio, on the other hand, was designed with non-accountants in mind.

On top of making many features more automated, Financio’s cloud-

based solutions give micro-SMEs greater flexibility to conduct
businesses anytime, anywhere. Users will be able to access critical
information when they want, instead of waiting to go back to the
office
Data storage is also taken care of in Financio’s cloud-based software.
Even in the case of losing your device, your data is kept safe and
easily retrievable.

Financio allows users to track sales, purchases and miscellaneous

transactions through a simplified dashboard, and automatically
generate financial reports and tax records or forward transactions to
recipients via email and inventory tracking. Other features include e-
invoicing, charts and reports, and live backup of your data.

It basically takes away most of the bookkeeping process from the business, and all users need to
do is put in the sales and purchase figures. The system will do the rest such as double entries,
generate reports and tax records.

Users can track sales and purchases and miscellaneous transactions, automatically generate
financial reports and tax records, also automatically forward transactions to recipients via email
and inventory tracking.

Financio also offers multi-currency support, real time backup, Malaysian GST support, file storage
for attachments to transactions and, because it is Cloud based, be accessed from anywhere.
Financio is a cloud-based accounting software which is one of the popular and leading accounting
and accounting automation software in Malaysia. Financio is specially made for the small business
organization to fulfil their accounting and financial requirements.

Financio comes with core accounting features such as Accounting Automation, Invoicing, Malaysia
GST processing, billing, responsive design and reporting system.

Does Financio have a mobile app (Android and iOS)?

Not yet, we have plans to release this awesome app in 2019. We’ll make the announcement
when it comes out

LATEST UPDATES - Ver 1.3.18: SST

ReportDear Financio Users,
We’re pleased to announce that Financio is now fully equipped to assist you with your SST
filling.

Summary of Update:

 Added ability to add tariff codes and tag them with items when issuing invoices/bills.
 Added option to choose between Sales or Service tax fillings to generate formatted
reports

ing