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“Those businesses that can cope with the challenges will survive and perform better in the era of e-invoice…” – Wilkinson Sam, Founder of AI Cloud Accounting in Southeast Asia and Global CEO of QNE Software
Delve deep unto the impacts and possible effects of the implementation of LHDN e-invoice on Small and Medium Sized Enterprises.
Things are evolving in the age of e-invoice or electronic invoincing. It is now mandatory for merchants to submit their invoices to the Inland Revenue Board either daily or, preferably, once a month. As a result, it is now harder to manipulate sales, and the Board can monitor the monthly sales, costs, and expenses of the merchants.
So, what are the current challenges faced by small and medium sized enterprises?
Manpower Challenges
Resouce Allocation
Limited Financial Sources
Innovation and Adaptability
Read more and know how the on-going LHDN e-invoice can affect your business: