5 Best Accounting Software in Hong Kong in 2025 + Free Options

2025-05-16

6 minute read

Best accounting software in Hong Kong

The Best Accounting Software in Hong Kong

Tired of wasting time fixing accounting errors or chasing invoices? While manual bookkeeping is still a common practice for businesses, it can slow you down and leave room for mistakes. In fact, 88% of manual accounts payable spreadsheets contain errors

The right accounting software can simplify your workload, reduce errors, and give you a clearer view of your finances. In Hong Kong, choosing a tool that aligns with local accounting standards is just as important as finding one that is easy to use.

In this guide, you’ll find 5 reliable accounting software options tailored for businesses in Hong Kong, plus a few free tools worth considering if you’re just getting started. Whether you're running a startup or scaling an established business, these solutions can help you stay compliant, work more efficiently, and focus on growth.

green-lightbulb

Tip: Unsure whether to use software or outsource the service? Explore these top bookkeeping services and tax advisors in Hong Kong

Need a business account that works with Xero?

Statrys integrates directly with Xero, so your transactions sync automatically without manual uploads.

Screenshot of the Statrys payment platform's business account dashboard. The interface displays account details for "Happy Client Limited," showing a total balance of HKD 886,277.52 across multiple currencies (HKD, USD, EUR). The left sidebar contains navigation options such as Accounts, Transfer, Convert, Secure your FX Risk, Payees, Cards, Team, Statements and documents, and Integrations. A prominent "Add a payee" and "View Account Details" call-to-action section is visible.

What Is an Accounting Software? 

Accounting software is a specialised program that handles tracking and recording all financial transactions in a company. This includes invoicing, accounts payable, accounts receivable, income, expenses, revenue, assets, and liabilities. It helps accountants and bookkeepers streamline their work and save time. 

The software often features reports that provide insights into a business's financial health, along with automation of processes and integration with various business tools. Additionally, some accounting software solutions are part of broader enterprise resource planning (ERP) systems, which combine essential business functions like accounting, inventory management, and financial planning into a single platform.

What You Need to Consider When Choosing an Accounting Software in Hong Kong

If you are looking for accounting software, you’ll find many options on the market. A key to making the right choice is considering your business goals and identifying the features that will help you achieve them. 

Here are some fundamental considerations to keep in mind while you are choosing the best accounting software for your business.

  • Types of Accounting Software: Choose between cloud-based software for remote access and real-time collaboration, desktop software for offline use, open-source tools for customisation (if you have technical know-how), or full ERP systems for larger businesses needing integrated solutions across finance, HR, and inventory.
  • The Full Suite of Features: Prioritise features that support your daily operations—automated bank reconciliation, third-party integrations, customisable financial reports, OCR-enabled document scanning, payroll processing, and multi-currency support for international transactions.
  • Fees: Understand both the upfront pricing and any ongoing costs for additional users or premium features. Some providers offer one-time licenses, others use subscription models. Always check for hidden fees and consider annual plans for potential discounts.
  • Ease of Scaling or Switching: Make sure the software can grow with your business, like supporting more users, data, and functionality over time. Also, check if it offers simple data export options, so you're not locked in if you need to change providers.
  • Data Security: Look for strong security features such as data encryption (e.g., AES-256), two-factor authentication (2FA), role-based user access, and secure cloud hosting. These are essential for protecting sensitive financial information.
green-lightbulb

Tip: Opt for software that allows easy data export, such as bulk imports via CSV files, to simplify the process.

1

Xero

A screenshot of Xero homepage

Best for: Small to mid-sized businesses that want strong cloud features, easy setup, and a free trial to test before committing.

Xero is a strong option for small businesses that want a cloud-based online accounting software without a complicated setup. It helps manage your business finances remotely, making it easier for entrepreneurs who operate across different markets or work outside of Hong Kong. Xero also offers a mobile app for managing invoices, expenses, and bank account reconciliation on the go.

The platform connects easily with business accounts, helping automate bookkeeping and streamline everyday workflows. With a 30-day free trial, it’s a practical choice for companies exploring software for business accounting before making a commitment.

Xero Plans & Key Features

Xero’s features vary by plan, giving businesses the flexibility to choose what fits their size and needs. Here’s a comparison of what’s included in each plan:

Feature Starter Standard Premium
Send quotes & invoices Up to 20/month Unlimited Unlimited
Enter bills Up to 5/month Unlimited Unlimited
Bank reconciliation ✔ (bulk support) ✔ (bulk support)
Receipt capture (via Hubdoc)
Cash flow snapshot
Multi-currency support

Additional features across all plans include real-time collaboration, reporting tools, integration with hundreds of apps, and easy migration from Sage or QuickBooks.

Xero Pricing

  • Free Trial: 30 days, no credit card required
  • Starter: USD 29/month (approx. HKD 225)
  • Standard: USD 46/month (approx. HKD 359)
  • Premium: USD 69/month (approx. HKD 535)

For more information, please refer to this Xero Hong Kong pricing page.

Xero Pros & Cons

Pros of Xero

  • Cloud-based, easy to use from anywhere
  • Strong integrations via the Xero App Store
  • 30-day free trial with full access
  • 24/7 online support through the help centre and in-app chat

Cons of Xero

  • Multicurrency support is only available on the premium plan.
  • Pricing can be high for very small teams
  • No phone support available

Business Account Built for Bookkeeping

Connect your Statrys account to Xero for automatic transaction tagging that follows Hong Kong accounting standards.

A graphic of Statrys transactions being synced with Xero

2

QuickBooks

A screenshot of QuickBooks homepage

Best for: New businesses wanting a well-rounded tool with flexible pricing plans and access to phone support.

QuickBooks, developed by Intuit, is a cloud-based accounting solution designed for small businesses. While the original software launched in 1992, the online version was introduced later to meet the growing demand for web-based tools. QuickBooks online accounting software helps track and organise financial data while automating tasks such as expense categorisation and invoice management.

Today, the software is being used by 7 million users globally. 

QuickBooks Plans & Key Features

QuickBooks offers four cloud-based plans with features that scale as your business grows. Here's a simplified comparison of the main differences:

Feature Simple Start Essentials Plus Advanced
Users 1 + accountant 3 + accountant 5 + accountant Up to 25
Invoicing & Expenses
Bill & Time Tracking
Multi-Currency
Inventory & Projects
Advanced Reporting & Automation

All plans include financial data tracking, GST and VAT tracking, expense management, bank transaction syncing, data import, mobile access, Shopify integration, and customisable reports.

QuickBooks Pricing

  • Free Trial: 30-day trial available, or get 50% off your first 3 months when subscribing immediately
  • Simple Start: HKD 152/month
  • Essentials: HKD 225/month
  • Plus: HKD 308/month
  • Advanced: HKD 590/month

For more details, please visit the QuickBooks Hong Kong pricing page.

QuickBooks Pros & Cons

Pros of QuickBooks

  • Slightly more cost-effective pricing compared to its competitors.
  • Various contact options, including phone calls, live chat, and access to a support community.

Cons of QuickBooks

  • Most QuickBooks plans have limited numbers of users, which can be a drawback for growing teams.

3

ABSS (Formerly MYOB)

A screenshot of ABSS homepage

Best for: Traditional small businesses that prefer offline accounting, support in Chinese, and a one-time purchase model.

ABSS, formerly known as MYOB South Asia, offers desktop accounting software designed to support the financial management needs of SMEs in Asia. It remains popular in markets like Malaysia, Singapore, and Hong Kong, where businesses often prefer offline access and more traditional accounting processes.

The software includes key functionality such as invoicing, payments, and accounts receivable, with versions available in Traditional Chinese and English. It’s a practical choice for small businesses that want a one-time purchase model without ongoing subscription fees.

ABSS Plans & Key Features

ABSS offers two main desktop-based software plans designed for business owners who prefer offline access and a one-time purchase model. Here's how the key features compare:

Feature ABSS Accounting ABSS Premier
Core accounting functions
Inventory management ✔ (with advanced controls)
Cash and accrual accounting
Data entry assistant
Multi-user access
Multi-currency support
Suitable for growing businesses

Both plans include custom reports, audit trail, recurring transaction reminders, and integration with MS Word and Excel and are available in both Traditional Chinese and English to suit local business preferences.

ABSS Pricing

  • Free Trial: 7-day trial available
  • ABSS Accounting: Starting at around HKD 4,000 (one-time purchase)
  • ABSS Premier: About HKD 5,000 to 10,000 (one-time purchase)

Pricing for ABSS depends on the version you choose (Mac or Windows) and whether you need multi-user access. You can arrange an online demo or download a 7-day free trial to test it before making a decision.

For the most accurate and up-to-date pricing, it’s best to contact ABSS’s official Hong Kong distributor directly.

ABSS Pros & Cons

Pros of ABSS

  • Well-established and recognised in Hong Kong and other Asian markets
  • Desktop-based software, usable without an internet connection
  • Available in both Traditional Chinese and English
  • One-time purchase model with no ongoing subscription fees

Cons of ABSS

  • May need additional training to understand the products, compared to more user-friendly, cloud-based options
  • Limited third-party app integration due to its desktop-based nature

4

Sage

A screenshot of Sage homepage

Best for: Mid-sized businesses in need of a structured accounting and operations system with multi-entity support and long-term scalability.

Sage is a global software provider offering ERP and accounting solutions for businesses that need more than basic bookkeeping. In Hong Kong, the focus is on Sage 300, a business management system that brings accounting, inventory, and operations together in one platform.

Its simple user interface and modular setup make it a practical choice for businesses looking for flexibility and long-term scalability. Whether you operate locally or across multiple entities, Sage provides the structure to manage financial data with control and efficiency.

Sage Plans & Key Features

Sage offers a range of software products, with options like Sage 50 available in select regions. For Hong Kong businesses, the main offerings are Sage 300 (on-premise) and Sage 300cloud (cloud-connected). Key features include:

  • Financial Management: Manage general ledger, accounts payable and receivable, and tax reporting, with support for multi-currency and multi-company operations.
  • Inventory & Order Management: Track inventory across multiple locations and manage purchase and sales orders in one integrated system.
  • Project & Job Costing: Monitor project budgets, time, and expenses with tools built for service-based and contract work.
  • Payment Integration: Process payments directly within Sage 300, including support for common payment platforms.
  • Reporting & Insights: Generate financial reports and use dashboards to gain real-time visibility into business performance.
  • User Access & Interface: Accessible via desktop or web browser, with user interface options in English, French, Spanish, and Traditional Chinese.
  • Scalability: Add features and users as your business grows, with deployment options available for both on-premise and cloud-connected environments.

Sage Pricing

Sage 300 is offered on a subscription basis, but pricing details are not listed on the Hong Kong website. There’s no free trial, but demo access is available upon request.

Sage Pros & Cons

Pros of Sage

  • Available as both desktop and cloud-connected solutions
  • Suitable for mid-sized to large businesses with more complex operational needs
  • Supports multiple languages, including Traditional Chinese and English

Cons of Sage

  • Pricing information is not provided
  • No free trial
  • Multiple products, with some having limited information available in Hong Kong, may create confusion in selecting the right one

5

NetSuite

A screenshot of NetSuite homepage

Best for: Large enterprises and growing businesses needing a unified, cloud-based ERP system that integrates financial management, CRM, and more in one software.

NetSuite is a cloud-based ERP system that helps businesses streamline operations across finance, HR, CRM, and more. Originally launched as NetLedger in 1998 and rebranded in 2003, it offers an all-in-one platform for managing key business functions.

Its finance and accounting tools are widely used to handle reporting, compliance, and multi-entity management. With over 38,000 customers in 219 countries and territories, NetSuite is a popular choice for companies looking to scale with structure.

NetSuite Plans & Key Features

NetSuite offers a single cloud financial management software tailored to businesses with complex financial and operational needs. Here are the key features:

  • Core Accounting: Manage general ledger, accounts, and reporting with tools built for multi-entity and multi-currency operations.
  • Billing & Revenue Management: Automate billing cycles, revenue recognition, and recurring revenue for subscription-based businesses.
  • Integrated Operations: Connect finance, sales, and fulfilment in one system to streamline end-to-end business workflows.
  • Planning & Forecasting: Use built-in tools for budgeting, forecasting, and scenario planning to support better financial decisions.
  • Compliance & Controls: Manage risk, internal controls, and regulatory compliance with customisable workflows and audit trails.
  • Real-Time Reporting: Access live dashboards and generate financial reports on demand for better visibility and faster insights.

NetSuite Pricing

NetSuite offers a free demo, but pricing information is not available on the website. For details, you will need to contact NetSuite directly.

NetSuite Pros & Cons

Pros of NetSuite

  • Integrated ERP system that combines accounting, CRM, inventory management, and ecommerce functionalities in one place
  • Suitable and scalable for large businesses

Cons of Netsuite

  • The system’s extensive features can be complex.
  • There is no pricing information on the website. 

Free Accounting Software in Hong Kong

If you're just starting out as a freelancer or small business owner and find accounting overwhelming, exploring free tools can be a helpful first step. Fortunately, there are a few free accounting software options available in Hong Kong.

That said, most free plans come with limitations, such as fewer features, limited user access, or revenue caps. As your business grows, you may eventually need to upgrade to a paid version. Here are two free accounting software providers to consider:

  1. NCH Express Accounts – A free desktop accounting software designed for small businesses with fewer than five employees. It offers essential tools for invoicing, tracking income and expenses, and generating financial reports.
  2. Zoho Books (Free Plan) – A cloud-based accounting solution ideal for solopreneurs or micro businesses with limited revenue. The free plan includes tools to create invoices, track mileage and expenses, set up recurring billing, and accept online payments through integrated gateways like Stripe or PayPal. It also offers access to over 50 financial reports, including profit & loss, balance sheets, and tax summaries.
exclamation-red

Safety Tip: Always research the software before using it. Don’t be tempted by “free” if it means risking your sensitive financial data. Some platforms may lack proper security or even be scams.

Quick Summary: Compare the Best Accounting Software

To wrap things up, here’s a quick comparison of the top accounting software options available in Hong Kong, so you can easily see which one fits your business needs.

Provider Type Starting Price Free Trial Best For
Xero Cloud-based HKD 225/month 30 days SMEs that want cloud-based tools with strong app integrations
QuickBooks Cloud-based HKD 152/month 30 days or 50% off for 3 months New businesses looking for flexible pricing and phone support
ABSS Desktop-based HKD 4,000 (one-time) 7 days Small traditional businesses preferring offline, one-time software
Sage Hybrid (Desktop & Cloud) Not listed No Mid-sized companies needing scalable ERP and desktop access
NetSuite Cloud-based Not listed Demo only Large enterprises requiring a full ERP suite with custom setup

Final Note 

Choosing the right accounting software for your business in Hong Kong depends on your size, setup, and long-term goals. While we’ve covered five solid options, software alone won’t streamline your finances. To truly simplify your accounting, you also need a business account that integrates smoothly with your tools, not against them. 

Statrys Business Accounts integrate directly with Xero, making reconciliation easier and more accurate. Transactions are tagged in line with accounting standards, so your books stay clean and your reporting stays reliable. Whether you're just getting started or scaling into new markets, this setup saves you time and cuts down on admin.

Looking for a business account that keeps your bookkeeping under control from day one?

See what Statrys can offer below.

A summary of Statrys' services

Open a Multi-Currency Business Account in Hong Kong

Receive and make payments in all major currencies.

A dropdown of some supported currencies by the Statrys business account.

FAQs

What is accounting software?

Accounting software is a specialised programme that handles tracking and recording all financial transactions in a company. The software often features reports that provide insights into a business's financial health, along with automation of processes and integration with various business tools. It helps accountants and bookkeepers streamline their work and save time. 

Which accounting software is most commonly used in Hong Kong?

Which accounting software is best for small businesses in Hong Kong?

What are the three types of accounting software?

Can I use Excel instead of accounting software?

;