Lejar vs Financio for Malaysian businesses
Financio is a Malaysian cloud accounting product built by Asian Business Software Solutions Sdn Bhd (ABSS), formerly MYOB Malaysia. It targets startups and small businesses with two plans, Essentials and Premier, each metered by monthly invoice, e-invoice, and AI Scan limits. Here is what actually differs for a business running more than one company.
Lejar's AI Inbox drafts the journal entry from a receipt or bill, line item by line item, and you approve it before it posts. Pro then covers 6 company ledgers at RM169 per month (then RM25 per extra ledger), while Financio charges a separate subscription per company (Essentials RM50 or Premier RM85 per month each), so three companies on Financio Essentials run about RM150 per month, each with its own 30-day trial to manage.
Lejar vs Financio, side by side
| Area | Lejar | Financio |
|---|---|---|
| Pricing model | SaaS per account: Free RM0, Starter RM39, Business RM89 (up to 3 entities), Pro RM169/mo (6 ledgers, RM25 per extra) | Per-company SaaS: Essentials RM50/mo (RM550/yr), Premier RM85/mo (RM935/yr); each company is its own subscription |
| Note on Pricing model: Three companies on Financio Essentials run about RM150/month, against RM89/month on Lejar Business for the same three entities. | ||
| Multiple companies / entities | Up to 3 on Business, 6 included on Pro (RM25/mo per extra), all under one login | Up to 10 companies under one master email, each needing its own separate paid subscription and its own 30-day trial |
| Note on Multiple companies / entities: The login is shared; the billing is not. | ||
| Free plan | Permanent free tier: one entity, bank import, invoices, P&L, balance sheet | No permanent free plan; a 30-day free trial, plus a time-limited promotional rate on Essentials (as low as RM1 to RM5/month for the first few months) |
| Note on Free plan: The promotional rate is a limited-time discount on a paid plan, not a free tier. | ||
| MyInvois (LHDN) e-invoicing | Live, free on every plan including Free | Native LHDN e-invoicing on both plans, metered per month: 25 e-invoices on Essentials, 5,000 on Premier |
| Note on MyInvois (LHDN) e-invoicing: Both submit to LHDN; check your monthly volume against these caps before choosing a Financio tier. | ||
| AI document capture | AI Inbox drafts the journal entry with quantity, unit price, and SST extracted line by line | A.I. Scan (receipt OCR), metered per month: 5 scans on Essentials, 50 on Premier |
| Note on AI document capture: Different depth: Lejar drafts the accounting entry; Financio's AI Scan reads the receipt. | ||
| Multi-currency accounting | Included from the Starter plan (RM39/month) | Premier only (RM85/month); Essentials is single-currency |
| SST support | Bi-monthly SST-02 return generated from your records (Starter and above) | SST rate and tax-code configuration, updated for the 2024 8% service tax rate |
| Note on SST support: No evidence of automated SST-02 form generation in the sources we verified. | ||
| MPERS chart of accounts | Built in and pre-loaded, MASB-aligned | A customisable chart of accounts |
| Note on MPERS chart of accounts: No evidence of a pre-loaded MPERS-aligned template in the sources we verified. | ||
| Malaysian bank connectivity | PDF statement import for major Malaysian banks (manual upload) | Manual bank-statement import, plus a 2-way live bank feed and real-time balance with RHB |
| Note on Malaysian bank connectivity: Financio's RHB live feed is a genuine edge if RHB is your business bank. | ||
| AI assistant | Ask Lejar, built in on every plan | No conversational AI assistant found in the sources we verified |
| Payroll | No payroll module | Financio Payroll, a separate subscription from RM75/month (up to 30 employees) to RM135/month (up to 200 employees) |
| Note on Payroll: A Financio advantage where payroll must live alongside accounting. | ||
| Inventory | On Business and Pro: stock tracking (FIFO or moving average), locations, stocktakes, write-downs, and COGS journals you approve | Stock with FIFO or average costing, finished-goods assembly, and Lazada stock sync |
| Note on Inventory: Both track stock; Financio adds assembly and marketplace sync, Lejar adds locations, stocktakes, and approval-gated COGS. | ||
| Maturity and support | New product (Iterate Ventures Sdn. Bhd., KL); self-serve online support | Built by Asian Business Software Solutions Sdn Bhd (ABSS, formerly MYOB Malaysia), a Censof Holdings Bhd subsidiary; ABSS states its accounting and payroll products are trusted by more than 400,000 SMEs |
| Note on Maturity and support: ABSS is not part of AutoCount; the two are separate companies. | ||
Why Malaysian teams pick Lejar
- One subscription for your companies, not one per company
Lejar Pro covers up to 6 company ledgers at RM169 per month (then RM25 per extra), all under one login. Financio lets you add up to 10 companies under one master email, but its own pricing FAQ states a separate subscription is required for each company, with its own 30-day trial before payment starts. For a business running three or more companies, Lejar Pro is the lower all-in cost and a single bill to track.
- A permanent free plan, not a trial and a promo code
Lejar has a permanent free plan for one company with no expiry. Financio's entry point is a 30-day free trial of its Premier features, after which the account reverts to read-only unless you subscribe; its lowest advertised price is a time-limited promotional rate on Essentials (as low as RM1 to RM5 per month for the first few months), not a free tier.
- SST-02 generated natively, not a manually configured tax code
Lejar produces the bi-monthly SST-02 return from your records on the Starter plan and above. Financio's public help articles describe SST rate and tax-code configuration, including an update for the 2024 8% service tax rate, but we found no evidence in the sources we verified that Financio generates the SST-02 form itself.
- Multi-currency from the entry plan, not gated to the top tier
Lejar includes multi-currency accounting from the Starter plan at RM39 per month. Financio's Essentials plan is single-currency only; multi-currency is a Premier-only feature at RM85 per month.
- Line-item AI extraction, not a metered OCR scan
Lejar's AI Inbox reads a receipt or bill and drafts the journal entry, with quantity, unit price, and SST extracted line by line, held in a review queue until you approve it. Financio's A.I. Scan reads a receipt by OCR but is metered per month, 5 scans on Essentials and 50 on Premier, a shallower and capped version of document capture.
Lejar vs Financio: common questions
How much does Financio cost for multiple companies?
Financio requires a separate subscription for every company, even though up to 10 companies can share one master email login. At Essentials (RM50 per month), three companies cost about RM150 per month; at Premier (RM85 per month), three companies cost about RM255 per month. Lejar Business covers up to 3 company ledgers for RM89 per month, and Pro up to 6 for RM169 per month, under a single subscription.
Does Financio have a free plan?
No. Financio offers a 30-day free trial of its Premier features, after which an unpaid account turns read-only. Its lowest advertised price is a time-limited promotional rate on the Essentials plan (as low as RM1 to RM5 per month for the first few months), not a permanent free tier. Lejar's free plan has no expiry.
Does Financio support MyInvois e-invoicing?
Yes, natively on both plans, but the monthly volume is capped: 25 LHDN e-invoices on Essentials and 5,000 on Premier. Lejar also submits MyInvois e-invoices directly to LHDN, free on every plan including Free, after a one-time appointment of Iterate Ventures Sdn. Bhd. as your MyInvois intermediary.
Is Financio owned by AutoCount?
No. Financio is developed by Asian Business Software Solutions Sdn Bhd (ABSS), a subsidiary of Censof Holdings Bhd, and traces back to a 2017 rebrand of MYOB’s Malaysian business. It has no ownership link to AutoCount, a separate Malaysian accounting software company.
Can I migrate my data from Financio to Lejar?
There is no automated importer for Financio data. The path is to start on Lejar's MPERS chart of accounts and enter your Financio closing figures as opening balances. Lejar has an automated importer for Xero only; SQL Account, AutoCount, QuickBooks, Bukku, Zoho Books, and Financio all use the manual opening-balance approach.
Does Lejar have a payroll module like Financio Payroll?
No. Lejar has no payroll module. Financio Payroll is a separate subscription, from RM75 per month for up to 30 employees to RM135 per month for up to 200 employees. If you need payroll bundled with your accounting subscription, Financio fits that need better today.