OCTIS vs Bukku vs Financio vs Xero: cloud accounting in Malaysia
Two Malaysia-based cloud packages and one global one, compared on price, users and e-invoice.
Last checked · 7 sources
Otty's short answer
Bukku is the cheapest to start: RM35 a month, unlimited users and LHDN e-invoice on every plan, even the free one for new companies. Financio costs RM50 to RM85 a month in ringgit but caps e-invoices at 25 or 5,000 a month. Xero bills in US dollars, has no per-user fee and a wider app marketplace, which suits firms that already use it.
Side by side
Swipe to see every column
| What matters | OCTISSdn Bhd + OCTIS | Bukku | Financio | Xero |
|---|---|---|---|---|
| Entry paid plan | Done for you by OCTIS accountants | RM35 per month (Seed) | RM50 per month (Essentials) | US$16 per month promo (Starter) |
| Mid plan | 10–30% below your current bill | RM65 per month (Grow) | RM85 per month (Premier) | US$27 per month promo (Standard) |
| Billing currency | MYR flat | Ringgit, plus 8% SST | Ringgit | US dollars |
| Free plan | 30-day money-back guarantee, terms apply | Launch, firms under 6 months | 30-day trial only | 30-day trial only |
| Users | Team in one workspace | Unlimited on every plan | Multiple users listed | No per-user fees |
| LHDN e-invoice | e-Invoice setup by OCTIS accountants | Every plan, including free | 25 or 5,000 per month | E-invoicing ready, all plans |
| Yearly billing discount | 10–30% below your current bill | Pay 10 months, get 12 | RM550 vs RM600 (Essentials) | Not stated |
| Bank feeds | Included with the books | From Seed plan | Reconcile bank transactions | Auto-reconcile US$5 on lower plans |
| Multi-currency | Multi-currency account via licensed partners | RM12 add-on, built into Prime | Premier only | Listed feature |
| Payroll link | Payroll filings (EPF, SOCSO, PCB) by OCTIS accountants | File upload, from Seed | Financio Payroll from RM75 | Usage-based charge |
Data sources & disclaimer: Comparison data was compiled from publicly available sources — including the competitors' own published pricing and feature pages — captured on 9 November 2026. Figures reflect the typical or advertised pricing at that time and may have changed since; plans, inclusions and prices vary by provider, region and promotion. OCTIS is independent and not affiliated with the named companies; all trademarks belong to their respective owners. This comparison is provided in good faith for general information only and is not professional, legal or financial advice — please verify current details with each provider before deciding.
Which one fits you
OCTIS · Sdn Bhd + OCTIS
Choose OCTIS if you want accountants to keep the books and file for you rather than doing it in software yourself, with CRM in the same workspace.
Bukku
Choose Bukku if you want the lowest price, unlimited users and e-invoice from day one, or you are a new company under six months old.
Financio
Choose Financio if you want ringgit billing, a separate payroll product and a simple two-plan choice, and your monthly e-invoice count stays small.
Xero
Choose Xero if you want a global app marketplace, a firm that already uses it, or you trade in several currencies and accept US dollar billing.
What the table does not show
How the pricing is built
Bukku prices by annual turnover: Seed RM35 for firms under RM300k, Grow RM65 up to RM1m, Prime RM95 up to RM3m and Elite RM135 up to RM20m, all excluding 8% SST, with the yearly price set at ten months. Financio prices by feature: Essentials RM50 and Premier RM85 a month, effective 1 December 2024. Xero prices by plan in US dollars: Lite US$3.50 up to Premium US$41 at the current 36-month promotion, then double. Your growth path matters more than the first price.
E-invoice caps and what they cost
Bukku says it is a registered MyInvois intermediary and submits invoices on every plan. Financio counts submissions: 25 LHDN e-invoices a month on Essentials and 5,000 on Premier. If you issue more than 25 invoices a month and are above the RM3 million exemption, Essentials is too small. Xero lists all four plans as e-invoicing ready. Under RM3 million turnover you are exempt from the mandate, so for many micro firms e-invoice is optional for now.
Where the global tool still wins
Xero offers a connected app store, optional add-ons for expense claims (from US$4 a month) and projects (US$7), and no per-user fees. A third-party comparison notes that Xero offers broader functionality while Bukku focuses on essential SME needs. Bukku and Financio win on ringgit billing, local support and price. If your accountant already works in Xero, or you need many integrations, Xero can be worth the extra cost.
Where OCTIS fits
A cheaper subscription does not do the monthly work. OCTIS bookkeeping reconciles statements in Bukku, Financio, Xero or your current tool, and OCTIS also files tax and coordinates the statutory audit with an independent licensed auditor. If you pay an outside bookkeeper now, ask for a quote: OCTIS aims for 10% to 30% off your current bill.
Frequently asked questions
Is Bukku cheaper than Xero?
On list price, yes. Bukku starts at RM35 a month excluding 8% SST, while Xero's Starter plan is US$16 a month on a 36-month 50% promotion and US$32 after. Bukku also has a free plan for companies under six months old. Xero offers a bigger app marketplace.
Does Financio support LHDN e-invoice?
Yes. Financio Accounting lets you issue 25 LHDN e-invoices a month on Essentials and 5,000 on Premier, and tracks submitted, validated, rejected and cancelled status. It stores the 35 mandatory and 20 optional fields and checks customer TIN and BRN before submission.
Do I need e-invoicing software if my turnover is under RM3 million?
No, not as a mandate. LHDN raised the exemption threshold from RM1 million to RM3 million from 1 September 2026, and encourages voluntary use. Group-related companies and customers who ask for an invoice can change this, so check the LHDN guideline for your case.
Is there a free plan for Malaysian cloud accounting?
Bukku's Launch plan is free for companies under six months old and includes e-invoice, with limits on storage and no bank feeds. Financio and Xero offer 30-day free trials only. Financio converts to read-only if you do not subscribe after the trial.
Sources
Checked on the date above. Links open the provider's or regulator's own page.