MyInvois e-POS System: Key Features, Benefits, How to apply and Eligibility

MyInvois e-POS is Malaysia's authorised e-invoicing solution custom-built for micro, small, and medium enterprises (MSMEs) to fulfil LHDN's e-invoicing compliance obligations easily. Just like the Inland Revenue Board of Malaysia's MyInvois system, the MyInvois e-POS system application allows businesses to easily create, send, and manage e-invoices in a convenient way using one integrated platform. 

The module is very easy and fast, doing away with the necessity of intricate integrations or manual uploads. Hence, it is best suited for retail and F&B companies. With the phase-in of e-invoicing as a mandate, MyInvois e-POS offers a cost-efficient and government-approved means of simplified tax compliance.

What is MyInvois e-POS System? 

MyInvois e-POS System is an e-POS, cloud-based system created under the umbrella of Lembaga Hasil Dalam Negeri Malaysia (LHDNM) to assist MSMEs in fulfilling MyInvois e-Invoicing requirements. It offers a plug-and-play solution tailored for MSMEs dealing in retail, food and beverages, and services industries, which have a need for an easy and integrated solution to manage their day-to-day sales and generate valid e-invoices in real-time. 

The solution integrates directly with MyInvois's national platform, which validates every transaction of e-invoices to be certified and reported per tax authority requirements. Without the need for a third party, it provides a secure and dependable means of being e-invoice compliant.

Key Benefits of Using MyInvois e-POS 

MyInvois e-POS offers a compliant, structured, and effective means of adopting e-invoicing without compromising day-to-day operations.

Key advantages are:

• Official integration with MyInvois platform: Having been co-developed with LHDN, the platform facilitates automatic sending, validation, and archiving of e-invoices–no manual upload or middleware needed.
• Purpose-built for MSMEs: Tailored specifically for micro, small, and medium-sized enterprises, MyInvois e-POS System is readily scalable to high-volume retail, F&B, and service businesses with minimal setup time and simplicity of use.
• End-to-end compliance: All sales captured on the system are auto-synced to the MyInvois infrastructure for seamless compliance with e-invoicing requirements and audit needs under Malaysia's phased implementation.
• Low-cost, plug-and-play deployment: MyInvois e-POS System App is an off-the-shelf cloud-based application which does not necessitate sophisticated IT infrastructure, lowering the cost of adoption and making it economical for small businesses.
• Centralised recordkeeping and data security: Sales information and e-invoices are stored safely in one central place, providing convenient access, automatic backup, and efficient reporting for tax filing and business analysis.

Features of MyInvois e-POS System 

The MyInvois e-POS System provides an end-to-end feature set that makes business processes easier with full e-invoice compliance within the tax framework of Malaysia.

The main features are:

• Free access for micro and small enterprises: Free of charge to download from HASiL, the system assists MSMEs by minimising the cost of implementing digital compliance solutions.
• Real-time e-Invoice generation: Companies can send e-invoices in real time at the time of the transaction or enable buyers to ask for them after sales, bringing flexibility and transparency to invoice issuance.
• Inbuilt sales and accounting features: Pre-loaded with tracking of sales, accounting capabilities, and cash flow analysis, the system provides efficient financial control in a single platform.
• Inventory management features: Track amounts of inventory, show products, and print inventory reports within the system to control daily business operations.
• Inbuilt financial reporting: Computerised financial summarisation and transaction history help businesses be well-organised, audit-ready, and compliant with LHDN's reporting requirements.

Who Needs a MyInvois Compliant e-POS System? 

All Malaysian businesses that are included in LHDN's phased e-Invoicing implementation will need to have a MyInvois-compliant e-POS installed for legal preparedness and operational readiness. They are micro, small, and medium-sized enterprises (MSMEs) engaged in the retail, food and beverages, and services sectors, namely those with high turnover levels. 

When e-Invoicing is made compulsory, companies will need to implement systems that are capable of creating, authenticating, and saving e-invoices in accordance with MyInvois standards. An e-POS system that is regulation-compliant fulfils the dual role of increasing efficiency, transparency, and accuracy for repetitive sales and financial reporting.

Conclusion 

The MyInvois e-POS System offers a structured, cost-effective solution for Malaysian MSMEs to meet e-Invoicing obligations with minimal complexity. With features covering real-time invoice generation, inventory control, sales tracking, and financial reporting, it serves as an all-in-one tool aligned with LHDN’s compliance standards. Designed for ease of use and officially supported by HASiL, it eliminates the need for third-party systems and supports a smooth transition to mandatory e-Invoicing across sectors.