Switching from Financio
Your trial balance, aged receivables and payables, contacts and product catalogue come across from Financio; posted transaction history does not, and stays in Financio as your archive.
Financio is a solid, established Malaysian cloud accounting product, built by ABSS — the Malaysian business that was MYOB here until it rebranded in 2018. If it fits your business, stay. What usually sends owners looking is having to work in two places: the books in one, the payroll in another. Taokeh's switch wizard reads the export files Financio already produces and turns them into your opening balances. Here's exactly how the move works.
Each one comes from what the product itself publishes. If none of them is your situation, staying is the right answer.
Financio publishes Financio Accounting and Financio Payroll as separate products, and payroll has its own login at payroll.financio.co (financio.co/my, checked August 2026). So it is one company you pay, and still two screens you log into and two sets of figures to line up at month end. That is usually what people mean when they say they want everything in one place.
You can submit your SST return, issue LHDN e-Invoices and scan a document to capture it, all inside Financio (financio.co/my, checked August 2026) — so that is rarely the thing that pushes anyone out. What takes your evening is everything in between: the payroll figures, the marketplace payouts, the bank lines. Each one is two records you have to make agree.
ABSS's other Malaysian accounting products — ABSS Accounting and ABSS Premier — are Windows software (abssasia.com, checked August 2026). Financio is the cloud one. So if you outgrow it, you are looking at learning a different product and moving your data again, rather than turning something on in the one you already know.
ABSS publishes a partner programme and a Find-a-Partner directory alongside the product (abssasia.com, checked August 2026). That is a real support network when you want a person who knows your books. It also means that when you want something switched on, you are booking a conversation rather than clicking a button. Some owners want the conversation. If you are the other sort, you already know it.
| Your data | Comes across? | How |
|---|---|---|
| Trial balance | Yes | Upload Financio’s trial-balance export. Taokeh matches each account to your chart, and you confirm every figure before a line posts. |
| Customers and suppliers | Yes | Import Financio’s customer and supplier lists, so every name and detail is ready before your first document. |
| Aged receivables | Yes, invoice by invoice | Financio’s aged-receivables report becomes your opening customer balances. |
| Aged payables | Yes, bill by bill | Financio’s aged-payables report becomes your opening supplier balances. |
| Products and opening stock | Yes | Your product list and opening quantities, reconciled to the cent before the wizard lets you lock. |
| Posted transaction history | No | It stays in Financio as your archive. Taokeh starts from a locked opening balance dated on your cutover date. |
The switch wizard turns the folder of exports Financio gives you into prefilled opening balances — you upload, Taokeh reads the columns and matches them to your chart, and you confirm every figure before a single line posts.
Pick the day your Taokeh books begin — usually your last day in Financio. Every opening figure is dated on or before it.
Upload Financio's trial-balance export. Taokeh reads the account names, codes and balances and suggests where each one maps in your chart — you adjust anything, then confirm.
Import your customer and supplier lists so every name and detail is ready before you raise your first document.
Upload Financio's aged-receivables report so who-owes-you-what carries across, invoice by invoice.
Same for what you owe — your aged-payables report becomes your opening supplier balances.
Bring your product list and opening stock, run the reconciliation drill-down until every difference is explained, then lock your opening balances and you're live.
Most services businesses land their opening balances in one evening, unassisted. If you carry stock, the wizard reconciles your opening inventory to the cent before it lets you lock — so trading businesses tie out cleanly rather than quickly. Either way, nothing posts until you've confirmed it, and a line-by-line reconciliation explains any difference.
We're migrating a Malaysian timber business off Financio ourselves — so this wizard wasn't designed in the abstract. It was built by people doing the exact cutover you're about to do, on real Financio exports.
Connect the AI assistant you already use — Claude, ChatGPT and more — and just ask: “How were sales this month?”, “Who owes me money?” It reads your live books and files drafts you approve; it can never post on its own.
You do not have to buy anything extra to get the AI. The RM45 base has it already: a built-in assistant answers your how-do-I questions anywhere in the app — where a setting lives, how to raise a credit note — and on the /go screen you type what happened in plain language and the entry is drafted for you, with 10 AI credits a month included and more available as a pack. Then, if you want your own AI in your books, the Ask Taokeh connector adds RM29 a month — RM74 a month all in, since the connector runs on top of the base — and the assistant you already pay for reads your live books and your payroll and files drafts you approve. It can never post on its own.
Connect Shopee, TikTok Shop and Shopify and orders land as invoices with the platform fee already netted — each payout tied to your bank deposit, with no separate reconciliation tool to subscribe to.
Full statutory payroll — EPF, SOCSO, EIS, PCB, HRDF and zakat. LHDN confirmed our PCB (MTD) 2026 calculation in writing (letter ref 2026-256, August 2026), and a consolidated e-invoice we submitted came back Valid on LHDN's MyInvois preproduction portal.
RM45 a month covers the books, the MyInvois e-Invoice export and payroll for your first 2 staff — then RM5 per extra staff per month. No second subscription for payroll, no monthly file to carry between two systems, and only the add-ons you switch on. Your data is always yours: full export, any time.
Every claim above has a receipt — see the proof page.
Worth seeing all of them side by side before you move anything.
Capability lines only. No prices, and no claim about which one suits your business — that depends on your books.
Your history stays in Financio — export it and keep it. Taokeh starts you from a clean cutover: your trial balance, open invoices and bills, contacts and opening stock become your opening position, and you carry on from there. You're not re-keying a year of transactions.
The reports Financio already produces: a trial balance, your aged receivables and aged payables, and your customer and supplier lists. Bring the ones you have — you can do the steps you're ready for and come back for the rest.
Yes. It reads the columns in Financio's exports and matches each account to your chart with an auto-guess you can adjust. The figures always come from your file — Taokeh never invents a number — and nothing posts until you confirm.
If you run a services business, most people finish their opening balances in an evening. If you carry stock, plan a little longer: the wizard ties your opening inventory out to the cent before it lets you lock. There's no rush — you can stop and resume anytime.
Yes — start a free 14-day trial, no card required, and run the switch wizard on your real Financio exports. Nothing posts to your books until you confirm and lock.
The advisor network. Financio publishes a Find-an-Advisor directory and ABSS has been in Malaysian SME books since the MYOB days, so there is a large pool of accountants and partners already set up to work in it. If your accountant is one of them, that is a real reason to stay and worth asking them before you move anything. You would also be leaving a vendor with a longer Malaysian track record than ours — we are the newer product here, and we would rather say so.
Start a free trial and open the switch wizard — your Financio exports become your opening balances, tied to the cent.