Top 15 Accounting BPOs in Malaysia

2026 Guide for Global Businesses 

As global companies expand into Asia, Malaysia has become one of the most trusted hubs for finance and accounting outsourcing. With a strong regulatory framework, English-speaking professionals, digital-ready systems, and growing shared service capabilities, Malaysia offers international businesses a reliable base to build their virtual finance teams.

From bookkeeping and payroll to financial reporting, tax compliance, and fractional CFO support, Malaysian accounting BPO providers help companies stay compliant, improve reporting visibility, and scale their finance operations smoothly.

In this guide, we have highlighted the Top 15 Accounting BPO and Outsourcing Companies in Malaysia for global companies.

Why Global Companies Outsource Accounting to Malaysia

Outsourcing accounting functions to Malaysia has become a popular choice for global businesses looking to improve efficiency, reduce risk, and access highly skilled finance professionals. Malaysia is more than just a regional business hub; it offers a highly regulated, digitally advanced, and business-friendly environment. Here’s why it stands out:

1. Strong Regulatory Framework and Compliance

Malaysia has robust institutions that ensure accounting practices meet high standards:

• Malaysian Institute of Accountants (MIA) – Oversees professional accounting qualifications and ethical standards (mia.org.my)
• Inland Revenue Board (LHDN) – Ensures proper tax collection and compliance (hasil.gov.my)
• Companies Commission of Malaysia (SSM) – Maintains accurate company registration and statutory filings (ssm.com.my)
• Bursa Malaysia – Regulates capital markets and financial reporting for listed companies (bursamalaysia.com)

These institutions provide a reliable framework that gives international companies confidence in accurate reporting, tax compliance, and governance.

2. Digital-First Accounting Environment

Malaysia has embraced modern accounting technology to make financial reporting faster, more accurate, and audit-ready:

• MBRS 2.0 (Malaysian Business Reporting System) enables digital submission of financial statements.
• Mandatory e-Invoicing ensures real-time transaction tracking and transparency.
• Cloud accounting platforms like Xero, QuickBooks, and SAP are widely adopted, allowing BPO providers to deliver real-time financial visibility to overseas clients.

This combination of digital readiness and standardized reporting makes Malaysia a low-risk and efficient choice for accounting outsourcing.

Also Read: Offshore Vs Local: Accountants 2025 Salary Benchmark Report (Australia Vs Malaysia Edition)

3. Access to Skilled and Certified Professionals

Malaysian accountants are highly qualified, with certifications such as ACCA, CPA, and MIA membership, ensuring expertise in:

• Local tax and statutory compliance
• IFRS and international accounting standards
• Financial reporting, audits, and FP&A
• Advisory services for startups, SMEs, and multinational corporations

Outsourcing here gives global companies access to top talent without the overhead costs of recruiting locally or relocating staff.

4. Cost-Effective and Scalable Solutions

While Malaysia offers world-class accounting services, outsourcing remains more cost-effective than hiring a full-time in-house finance team in many countries. Companies can scale operations up or down easily based on business needs, whether it’s seasonal reporting, audits, or multi-entity consolidation.

5. Focus on Core Business Activities

By outsourcing accounting and finance functions, companies can free internal resources to focus on growth, strategy, and market expansion. Instead of spending time on transactional tasks like payroll or reconciliations, leadership can focus on innovation and revenue-generating activities.

6. Multi-Industry Expertise

Malaysian accounting BPO providers have experience across industries such as:

• Manufacturing and logistics
• Technology and fintech
• Oil & gas
• Retail and e-commerce
• Islamic finance and banking

This ensures clients receive advice tailored to their sector, including compliance with specialized regulations and best practices.

7. Cross-Border Ready for Global Businesses

Malaysia’s strategic location and ASEAN integration make it ideal for businesses with regional operations. BPO providers are familiar with international accounting standards, transfer pricing regulations, and multi-currency reporting, enabling seamless support for global expansion.

In short: Outsourcing accounting to Malaysia means access to skilled professionals, modern digital systems, compliance assurance, and flexible, scalable solutions, all in a business-friendly environment trusted by companies around the world.

Also Read: Building a High-Performing Offshore Accounting Team in Malaysia (Singapore Edition)

What Accounting Services Are Commonly Outsourced

Outsourcing accounting services to Malaysia allows global companies to leverage expert finance teams, access advanced tools, and ensure compliance, all while focusing on their core business. Here’s a breakdown of the most commonly outsourced services, why they matter, and real-world examples:

1. Bookkeeping & General Ledger

What it is: Recording daily financial transactions, maintaining ledgers, and reconciling accounts.

Why companies outsource it: To gain real-time visibility into their financial health without dedicating internal staff. Outsourcing ensures accuracy and reduces errors in transaction tracking.

Example: A US-based e-commerce company outsources bookkeeping to a Malaysian BPO. The provider updates all sales, returns, and expenses daily, allowing the client to monitor cash flow and make quick operational decisions.

2. Accounts Payable (AP) & Accounts Receivable (AR)

What it is: Managing incoming invoices (AP) and customer payments (AR).

Why companies outsource it: Faster invoice processing, timely payments, and better cash flow management. Outsourcing providers also handle reconciliations and reporting to reduce discrepancies.

Example: A tech startup in Europe outsources AP/AR to Malaysia. The BPO ensures supplier invoices are paid on time and generates reminders for customers with overdue payments, reducing delays and improving liquidity.

3. Payroll Processing

What it is: Calculating salaries, deductions, benefits, and preparing payslips for employees.

Why companies outsource it: Ensures compliance with local labor laws, statutory contributions, and accurate filings, reducing the risk of penalties.

Example: A multinational company with staff across Malaysia, Singapore, and the Philippines uses a Malaysian BPO for payroll. The provider handles CPF-equivalent contributions, tax deductions, and employee queries, saving the HR team significant administrative effort.

4. Tax Compliance & SST/GST Filing

What it is: Preparing and submitting corporate tax returns, GST/SST, and other statutory taxes.

Why companies outsource it: Reduces the risk of non-compliance, audits, and fines. Providers stay updated on changes in local and international tax regulations.

Example: A foreign-owned manufacturing company outsources SST filing to a Malaysian firm. The provider ensures timely submission and applies the correct rates, avoiding penalties and ensuring smooth audits.

5. Financial Reporting

What it is: Producing monthly, quarterly, and annual statements such as balance sheets, income statements, and cash flow reports.

Why companies outsource it: Investor-ready reports prepared on time with high accuracy. Companies can present stakeholders with reliable financial data without overloading internal staff.

Example: A regional SaaS company relies on a Malaysian BPO for monthly reporting. The team delivers clean statements aligned with IFRS standards, which the finance director uses to brief investors and boards.

6. FP&A & Budgeting (Financial Planning & Analysis)

What it is: Budget creation, forecasting, variance analysis, and financial modeling to guide business strategy.

Why companies outsource it: Improves decision-making with better forecasting and scenario planning, without hiring a full internal finance team.

Example: A global retailer uses FP&A outsourcing to plan seasonal inventory budgets. The Malaysian team analyzes historical sales trends and projects cash flow, helping the company optimize stock levels and reduce wastage.

Also Read: Building a High-Performing Offshore Accounting Team in Malaysia (Hong Kong Edition)

7. Fractional CFO Services

What it is: Providing strategic finance leadership on a part-time or project basis.

Why companies outsource it: Access to senior finance expertise without hiring a full-time CFO. Ideal for startups or mid-sized businesses expanding globally.

Example: A US tech startup expanding into ASEAN engages a fractional CFO from Malaysia. The CFO advises on cross-border tax strategy, capital raising, and investment decisions, while the core finance team handles daily operations.

In short: Outsourcing to Malaysia allows companies to handle both day-to-day finance operations and strategic financial management efficiently. Whether it’s bookkeeping, payroll, reporting, or executive-level CFO guidance, Malaysian accounting providers combine local compliance expertise with international best practices.

Top 15 Accounting BPO & Outsourcing Companies in Malaysia

Malaysia is home to a vibrant ecosystem of accounting BPO and outsourcing providers. These firms combine local compliance expertise, advanced digital tools, and global best practices, helping businesses streamline finance operations, reduce risk, and focus on growth. Whether you are a multinational corporation or a fast-growing SME, Malaysia offers solutions that align with global standards and local regulations.

1. Invensis Technologies – Global Accounting BPO & Finance Transformation

Core Strength: End-to-end finance and accounting solutions, including bookkeeping, accounts payable/receivable, payroll, tax preparation, financial reporting, FP&A, and CFO advisory. They integrate cloud-based accounting software like SAP, Oracle NetSuite, and QuickBooks for accuracy and efficiency.

Best For: Global enterprises and companies looking for finance transformation and integrated accounting outsourcing.

2. Baker Tilly Malaysia – Mid-Market Audits & Advisory

Core Strength: Audit, tax, and advisory services tailored for mid-market clients, covering statutory audits, tax planning, transfer pricing, M&A advisory, and risk consulting. Known for partner-led services that combine global expertise with personalized attention.

Best For: Mid-sized businesses seeking comprehensive audit, tax, and advisory services with dedicated support.

3. Deloitte Malaysia – Enterprise Audits & Regulatory Consulting

Core Strength: Offers statutory audits, internal audit outsourcing, corporate tax advisory, risk consulting, and finance transformation services. Deloitte leverages advanced analytics and AI to improve accuracy and efficiency.

Best For: Large enterprises and multinational corporations requiring regulatory compliance and advanced audit solutions.

4. EY Malaysia – IPO, ESG & Transformation Advisory

Core Strength: Provides audit, tax, ESG reporting, transaction advisory, and performance improvement services. EY specializes in supporting IPOs, sustainability reporting, and finance process transformation through digital tools and RPA.

Best For: Companies preparing for IPOs, ESG compliance, or financial transformation projects.

Also Read: Building a High-Performing Offshore Accounting Team in Malaysia (Australia Edition)

5. KPMG Malaysia – Governance, Risk & IFRS Advisory

Core Strength: Offers governance, risk management, internal audit, IFRS advisory, and deal advisory services. KPMG focuses on ensuring compliance, improving internal controls, and supporting organizations in complex regulatory environments.

Best For: Organizations requiring robust risk management, governance, and technical accounting guidance.

6. BDO Malaysia – SME & Cloud Accounting Outsourcing

Core Strength: Audit, tax, and finance outsourcing solutions for SMEs and mid-sized businesses. BDO leverages cloud accounting tools for real-time reporting and compliance.

Best For: Small and medium enterprises seeking accessible, technology-enabled accounting outsourcing.

7. Grant Thornton Malaysia – Growth-Stage & IPO Advisory

Core Strength: Audit, tax, risk management, business consulting, and transaction advisory services designed for fast-growing companies and those preparing for IPOs.

Best For: High-growth companies seeking strategic guidance for expansion or capital market entry.

Also Read: Outsourced Accounting Frequently Asked Questions (FAQs)

8. YYC & Co. – SME-Focused Outsourced Accounting

Core Strength: Provides accounting, payroll, tax advisory, and CFO services for SMEs, focusing on practical, growth-oriented solutions.

Best For: Small businesses that want outsourced accounting paired with strategic financial guidance.

9. Crowe Malaysia – IPO & CFO Outsourcing

Core Strength: Offers statutory audits, corporate finance advisory, and outsourced CFO services. Crowe supports businesses through IPO readiness, M&A, and growth-stage advisory.

Best For: Companies looking for capital market preparation or fractional CFO services.

10. RSM Malaysia – Mid-Market Accounting Outsourcing

Core Strength: Provides audit, tax, accounting outsourcing, and corporate advisory for mid-market companies, combining local expertise with global network support.

Best For: Mid-sized companies seeking partner-led accounting outsourcing with international compliance standards.

11. Mazars Malaysia – Multinational Audit & Advisory

Core Strength: Audit, tax, and advisory services for multinational clients, with integrated solutions for compliance, reporting, and risk management.

Best For: Global organizations requiring a trusted partner for cross-border accounting and regulatory compliance.

12. indinero – Virtual Finance Teams & Fractional CFO

Core Strength: Offers virtual finance teams and fractional CFO services, including bookkeeping, FP&A, and strategic financial guidance.

Best For: Startups and growing businesses that need financial leadership without hiring a full-time executive.

13. CoCountant – Accounting Outsourcing & Compliance

Core Strength: Provides bookkeeping, tax filing, and financial reporting services, emphasizing compliance, accuracy, and operational efficiency.

Best For: Companies seeking reliable bookkeeping and regulatory compliance without increasing in-house headcount.

14. Pacific Accounting & Business Services – Shared Services Finance Teams

Core Strength: Builds shared services finance teams for centralized accounting operations, including payroll, tax, and reporting, tailored for multinational clients.

Best For: Global companies seeking centralized finance operations in Malaysia with scalability and local compliance.

15. FastLane Group – Malaysian Accounting & EOR Solutions

Core Strength: Offers outsourced accounting, payroll, and compliance services for Malaysian and international companies, integrated with Employer of Record (EOR) solutions for easy local hiring. FastLane Group combines local accounting expertise with global operational support.

Best For: International companies looking to outsource accounting and hire Malaysian accountants quickly without setting up a local entity.

How Global Companies Use Malaysian Accounting BPO

Malaysian accounting BPO providers are increasingly becoming a go-to solution for global companies expanding into Southeast Asia. They not only manage day-to-day accounting tasks but also provide strategic financial insights, compliance management, and scalable finance operations. Here’s an example of how a SaaS company leverages Malaysian accounting BPO services:

SaaS Company Expanding to ASEAN

Challenge:
A US-based SaaS company wanted to enter multiple ASEAN markets, including Malaysia, Singapore, and Thailand. They faced challenges such as:

• No local finance team to manage statutory compliance.
• Complex multi-entity reporting requirements across jurisdictions.
• Payroll and tax obligations that differed by country.
• Investor expectations for timely, accurate financial reporting.

Outsourced Solution

1. Multiple Entity Reporting – Consolidation Made Easy
The Malaysian accounting BPO handled all multi-entity reporting by consolidating financial statements for each local subsidiary. This allowed the company to view overall regional performance in a single dashboard, eliminating delays and errors caused by manual consolidation.

Also Read: How To Onboard Outsourced Accounting Professionals

2. Payroll & Tax Compliance – Local Expertise
The BPO managed payroll processing, statutory filings, and tax compliance in Malaysia. This included contributions to EPF (Employees Provident Fund), SOCSO (social security), and SST/GST reporting. The company avoided regulatory penalties while maintaining employee satisfaction.

3. Investor Reporting – Accurate & Transparent
Outsourced financial reporting included monthly dashboards, investor-ready statements, and variance analysis. This ensured stakeholders received timely updates, boosting confidence and simplifying investor communications.

4. No Local Finance Team – Fractional CFO Services
The company gained access to a fractional CFO through the BPO, providing strategic guidance on budgeting, forecasting, and financial planning. They could make data-driven decisions without hiring a full-time local finance executive.

Result

By leveraging Malaysian accounting BPO services:

• Faster Market Entry: The company quickly established operations in Malaysia without setting up a full local finance team.
• Accurate Reporting: Consolidated and investor-ready reports reduced errors and improved decision-making.
• Smoother Audits: Statutory compliance and digital-ready reporting simplified audit preparation and enhanced transparency.
• Cost Efficiency: Access to local expertise without full-time hires saved operational costs.
• Scalability: The outsourced model allowed the company to scale operations across ASEAN smoothly.

Tips for Choosing the Right Accounting Partner in Malaysia

Selecting the right accounting partner is critical to ensure accurate financial reporting, regulatory compliance, and smooth business operations. Here are some practical tips to guide your choice:

1. Confirm Professional Registration and Audit Oversight

Ensure the firm is registered with the Malaysian Institute of Accountants (MIA) and recognized by the Audit Oversight Board. This guarantees adherence to local accounting standards, ethical practices, and quality control, giving you confidence in statutory audits and financial reporting.

2. Check Digital Compliance Readiness

Malaysia has implemented mandatory e-Invoicing and MBRS 2.0 digital reporting frameworks. Choose an accounting partner that is familiar with these systems to streamline submissions, enhance transparency, and reduce errors in regulatory filings.

3. Ask About Cloud Accounting Tools

Top accounting partners leverage modern tools like Xero, QuickBooks, SAP, or Oracle NetSuite to provide real-time reporting, automated reconciliations, and secure data management. This allows you to access accurate financial information anytime, anywhere, and improves collaboration with your internal team.

4. Look for FP&A and CFO Advisory Services

If your business plans to expand, find a partner offering Financial Planning & Analysis (FP&A) and Fractional CFO services. These services provide strategic insights, cash flow forecasting, budgeting, and advisory support without hiring full-time executives.

5. Verify Reviews and Reputation

Check verified reviews on platforms like Clutch or GoodFirms to understand client satisfaction, responsiveness, and reliability. Positive feedback from companies with similar needs can be a strong indicator of quality service.

6. Ensure Cross-Border Reporting Support

If your business operates internationally, confirm that the accounting partner can handle cross-border reporting, multi-currency transactions, and international tax compliance. This ensures your financial statements meet both Malaysian and global standards.

7. Evaluate Industry Expertise

Select firms that have experience in your industry, be it technology, manufacturing, fintech, or healthcare. Industry-specific expertise ensures a better understanding of sector-specific regulations, accounting nuances, and business challenges.

Also Read: Top 15 accounting BPO firms in the Philippines

8. Assess Communication and Cultural Fit

Effective communication is key. Your accounting partner should be proactive, transparent, and able to align with your company culture. A partner who understands your goals can provide actionable insights rather than just process transactions.

Outsourcing vs Hiring via EOR – Which is Right for Expanding into Malaysia?

When global companies expand into Malaysia, they often face a key decision: should they outsource their accounting to a local BPO or hire a dedicated team through an Employer of Record (EOR) service like FastLaneRecruit? Both options have unique benefits depending on your business needs.

Benefits of Using FastLaneRecruit’s EOR

1. Fully Compliant Expansion – FastLaneRecruit acts as the legal employer, ensuring your Malaysian team complies with local labor laws, tax filings, and statutory contributions (EPF, SOCSO, PCB, SST/GST).
2. Direct Team Integration – Unlike outsourcing, your team works exclusively for you, fully aligned with your company culture, goals, and workflows.
3. Faster Time-to-Market – Avoid costly and time-consuming entity setup; start operating in Malaysia within days.
4. Scalable and Flexible – Easily expand or downsize your team based on business needs without complex HR procedures.
5. Cost Predictability – Transparent monthly fees include salaries, benefits, and compliance costs, eliminating unexpected expenses.
6. Strategic HR & Payroll Support – Beyond accounting, FastLaneRecruit handles HR functions, employee onboarding, benefits administration, and payroll, allowing your finance leaders to focus on business growth.

Pro Tip: Many companies start by outsourcing their accounting to a BPO to test the market and streamline operations. Once they need a dedicated local finance team with full control and compliance assurance, they transition seamlessly to FastLaneRecruit’s EOR service.

Build Your Own Malaysian Accounting Team with FastLaneRecruit

Expanding your business into Malaysia? Outsourcing is a great way to get started, but at some point, having your own dedicated accounting team on the ground can provide better control, strategic insights, and alignment with your company culture.

FastLaneRecruit’s Employer of Record (EOR) service offers a flexible solution to hire full-time Malaysian finance and accounting staff without setting up a local entity. This means you can scale quickly, stay compliant, and maintain direct control over your team.

What FastLaneRecruit Handles for You

With FastLaneRecruit as your EOR partner, all administrative and compliance responsibilities are taken care of, so you can focus on managing your team and driving business growth. Key services include:

• Local Payroll & Statutory Compliance
  Ensures employees are paid accurately and on time, while adhering to Malaysian employment laws, statutory deductions, and EPF/SOCSO contributions.
• Employment Contracts
  Drafts legally compliant contracts in line with Malaysian labor regulations, protecting both your business and your employees.
• Tax Filings
  Handles corporate and employee tax submissions, ensuring compliance with the Inland Revenue Board (LHDN) and avoiding penalties or fines.
• HR Administration
  Manages day-to-day HR tasks including leave management, policy enforcement, and workforce records.
• Employee Benefits & Onboarding
  Facilitates onboarding, benefits enrollment, and employee engagement programs, helping your new hires integrate smoothly into your team.

Benefits of Using FastLaneRecruit’s EOR

1. Full Team Control – You hire, manage, and lead your accounting staff directly.
2. No Local Entity Required – Launch operations in Malaysia immediately without registering a company.
3. Regulatory Peace of Mind – FastLaneRecruit ensures compliance with local labor, tax, and statutory requirements.
4. Faster Expansion – Hire skilled accountants or finance professionals quickly without lengthy legal setup.
5. Cost-Effective – Avoid the overhead of maintaining a full legal entity while still having a local team.
6. Focus on Strategy – Your team works on your business goals, while FastLaneRecruit handles all administrative and compliance work.

With FastLaneRecruit, you get the best of both worlds: the strategic advantage of a local finance team, and the simplicity of outsourcing compliance responsibilities.

Conclusion

Malaysia has become one of Asia’s most reliable locations for accounting BPO and finance outsourcing. With strong regulatory bodies, digital reporting frameworks, and experienced professionals, global companies can confidently scale their finance operations here.

Whether you choose a full accounting BPO partner or build your own Malaysian finance team through FastLaneRecruit’s EOR service, Malaysia offers a future-ready, compliant, and business-friendly accounting environment.

Ready to Expand Your Accounting Operations in Malaysia?

Take the next step in scaling your finance team with confidence. If you want your own dedicated Malaysian finance team without setting up a local entity, FastLaneRecruit makes it simple, compliant, and cost-effective.

• Hire skilled accountants and finance professionals quickly
• Ensure local payroll, tax, and statutory compliance
• Maintain full control over your team while we handle administration

Start building your Malaysian finance team today, partner with FastLaneRecruit and unlock seamless accounting, reporting, and strategic financial management for your business.

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