The Best Accounting Software in Hong Kong 2024

10 Best Accounting Software In Hong Kong For 2025

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Accounting

For all businesses in Hong Kong, it is important to select the right accounting software to help you manage your finances easily and effectively so that you can avoid making mistakes in your financial records. Whether you are a small business owner or a medium size business, all you need is the right accounting solution to save time and increase overall productivity. Here, we’ve reviewed the best 10 accounting software solutions for 2025 in Hong Kong, highlighting their key features, pricing and what you need to consider when looking for the right accounting software. 

Key Takeaways

Top Accounting Software for 2025

A curated list of the 10 best accounting software solutions in Hong Kong, highlighting their features, pricing, and unique benefits tailored for businesses.

Streamlined Financial Management

Discover how modern accounting tools automate tasks like invoicing, expense tracking, payroll, and reporting to save time and improve accuracy.

Cloud-Based Accessibility

Many of the featured software offer cloud-based platforms, enabling real-time access, collaboration with accountants, and seamless integration with other business tools.

Customizable Solutions for Businesses

The software options cater to a wide range of needs, from small startups to large enterprises, with features like multi-currency handling, advanced analytics, and scalable plans.

Pricing and Feature Comparisons

Detailed breakdowns of pricing tiers for each software, helping businesses choose the most cost-effective and functional solution for their needs.

What Is Accounting Software 

Accounting software is a specialized digital tool that helps manage and streamline financial processes such as invoicing, tracking income and expense, handling account payable and account receivable and managing assets and liabilities, etc. It automates routine tasks, generates detailed financial reports for insights into business health and seamlessly integrates with other business tools, including sales, inventory management and similar tools. Today, many modern accounting solutions are cloud based, which gives real time access, collaborating with accountants or bookkeepers and sharing data efficiently which become an essential part of every business. 

1. Xero 

Xero is a leading cloud-based accounting platform designed to streamline bookkeeping and financial statement preparation. Its user-friendly interface, robust automation features, and powerful integrations make managing business finances simpler and more efficient.

With over 4.2 million subscribers worldwide, Xero has become a trusted choice for businesses across industries. Xero’s popularity extends to Hong Kong, where its advanced functionalities align perfectly with the needs of fast-growing businesses and SMEs looking for reliable accounting solutions.

As a certified Xero Platinum Partner, FastLane offers expert services in Xero setup, training, and Xero health checks to ensures seamless implementation and ongoing support, so you can unlock the full potential of Xero for your business.

Xero Features 

  • User-Friendly Interface: Xero is designed for ease of use, making it accessible for business owners without an accounting background.
  • Cloud-Based Access: You can access Xero from any device with an internet connection, making it convenient for remote teams and business owners who need to stay connected while on the go.
  • Bank Reconciliation: Xero automatically imports your bank transactions, which makes reconciling accounts quicker and more accurate.
  • Invoicing and Billing: Xero allows you to create, send, and track invoices easily. You can also set up automatic invoice reminders.
  • Expense Tracking: Xero lets businesses track expenses and manage purchase orders efficiently.
  • Payroll Integration: Xero integrates with payroll systems, making it easy to manage employee payments, taxes, and deductions.
  • Financial Reporting: It offers detailed financial reports like balance sheets, profit and loss statements, and cash flow statements, providing clear insight into your business’s financial health.

Xero Pricing 

Plan Price Features 
Starter$29 USD/month -Send up to 20 invoices and quotes per month- Enter up to 5 bills per month-Reconcile bank transactions -Capture bills and recipes with Hubdoc -Access short-term cash flow and business tools 
Standard $46 USD/month-Unlimited invoiced and quotes -Unlimited bill entries -Reconcile bank transactions -Capture bills and receipts with Hubdoc-Access short-term cash flow and business tools -Bulk reconcile transactions 
Premium $69 USD/month – All standard plan features – Multi-currency support 

*Get 50% off your plan for 36 months when you buy Xero before 31 December 2025* Contact FastLane Group

2. ABSS (Formerly MYOB)

ABSS, formerly known as MYOB, is a reliable and robust cloud-based accounting software tailored for small and medium-sized businesses. With a reputation for having few defects and high user satisfaction, it is well-known for its reliable performance. With ABBS’s simplified bank feeds, users may easily get real-time financial performance information. It has extensive payroll functions as well which makes it easier to handle things like accurately managing employee leave and issuing pay stubs.

ABSS Features 

  • You can choose to install the software in either Traditional Chinese or English.
  • Access over 100 sample business start-up templates.
  • Send invoices and handle debtors seamlessly.
  • Stay tax compliant.
  • Ensure your inventory is always well-stocked. 

ABSS Pricing 

PlanPriceFeatures 
Free TrialFree (7-day trial) Explore ABSS features during trial period 
ABSS Accounting Starting at HKD 4,000(One-time purchase) Designed for day-to-day accounting needs
ABSS Premier HKD 5,000 ~ HKD 10,000(One-time purchase) Supports foreign currency transactions 

3. Quickbooks

QuickBooks is an accounting platform that simplifies monitoring and managing financial transactions. Its key benefits include flexibility, convenience, powerful features, and scalability. It assists with functions like accounting, inventory, payroll, tax filing, invoicing, bank transaction tracking, reconciliation, budgeting, and expense management. With an automatic reconciliation feature, it is ideal for small and medium-sized enterprises, as well as companies looking to expand.

QuickBooks Features

  • Synchronizes bank information seamlessly with your preferred applications.
  • Provides access to your data across multiple devices for convenience.
  • Ensures the security of your information with a robust online database.

QuickBooks Pricing

Plan Price (Per month)Features Users 
Simple start USD $19(USD $5.70/month for 3 months) – Track income and expenses -Send unlimited custom invoices and quotes – Connect your bank -Track GST and VAT – Insights and reports – Progress invoicing For 1 user +1 accountant 
Essentials USD $28 (USD $8.40/month for 3 months) – All Simple Start features – Manage bills and payments – Track employee time – Multi-currency support For 3 users +1 accountant 
Plus USD$40 (USD$12/month for 3 months) – All Essentials features – Recurring transactions and bills – Track inventory – Track project profitability – Manage budgets For 5 users +1 accountant 
Advanced USD $76(USD$ 22.80/month for 3 months) – All Plus features – Manage users (up to 25) – Automate workflows -Custom reporting fields – Custom dashboards and role permissions -Backup and restore data -Manage revenue recognition For up to 25 users 

4. MAS-Account

MAS-Account is an extensive accounting and trading management software that can be tailored to a variety of business needs. It is powered by SQL Server and provides robust performance across a wide range of platforms including computers, tables and mobile phones. 

MAS-Account Features 

  • The software supports English, as well as Traditional and Simplified Chinese languages.
  • It facilitates multi-currency transactions.
  • Handles sales and purchase documents efficiently.
  • Manages vouchers, accounts receivable, and accounts payable seamlessly.
  • Offers one year of complimentary basic App service for MAS-Account 9.0/10.0.

MAS-Account Pricing 

Pricing is quote-based and available upon request. 

Click here to download their function list PDF.

System Requirements

  • Windows OS: Windows 8 / 10 / 11
  • Operating system: Windows Server 2012 or above
  • CPU: Intel Core i3 or higher
  • RAM: 4GB or above
  • Storage: 20GB free hard disk space

5. Sage

Sage has been a trusted accounting software in the market for over 30 years offering solutions tailored to various user needs from beginners to seasoned professionals. It gives both offline and cloud-based accounting versions for users to manage their finances efficiently from anywhere. 

Sage Features

  • Stock Management
  • Allows for the automatic and continuous updating of your inventory and accounting records
  • Invoice creation online.

Sage Pricing 

Sage pricing is quote-based and available upon request. 

Sage Bank Integration

If you want to check whether your bank account can connect to Sage Accounting using the bank feeds service, follow the following steps:

  • Go to Banking. 
  • On the bank account tile you want to connect, then click Actions, then select Connect to Bank. 
  • Enter the name of your bank in the search bar.

If your bank shows in the list, you can connect a bank feed. 

6. Express Accounts 

Express Accounts is a cost-effective and user-friendly accounting software designed for small businesses with simple financial management requirements. It focuses on critical accounting functions which makes it a good alternative for businesses looking for a more simple and affordable solution. 

Express Accounts Features

  • Quote, Sales Order and Invoice Creation: Seamlessly integrates and manages these key documents. 
  • Cross-Platform Compatibility: Accessible on both Windows and OS X operating systems. 
  • Sales and Account Receivable Tracking: Accurately monitors and manages sales data and receivables. 
  • Recurring Orders and Invoices: Automates repetitive billing taks.

Express Accounts Pricing 

  • Free Plan: Free plan is available for teams of fewer than five users and contains basic features that do not expire.
  • Express Accounts Basic: A complete license is available for $99 USD, which includes extra functionality for individuals with more advanced needs.

7. SunSystems Financial Management System

SunSystems is a comprehensive financial management solution helping large organizations in a variety of industries including banking, hospitality and non-profit organizations. It has strong accounting features for organizations managing multi-location operations, rapid growth and complex analytics. 

SunSystems Features

  • Flexible Deployment Options: Supports single-user device, cloud hosting or multi-server IT environments tailored to various business scales. 
  • Advanced Reporting and Data Entry: Offers strong reporting features and seamless integration with multiple systems including multi-currency support. 
  • Entity Consolidation: Simplifies management of multiple legal entities into a single streamlined system. 

SunSystems Pricing 

  • Initial setup: Costs around $25,000 USD for the first year if hosted independently.
  • Ongoing costs: For self-hosted systems, the annual fees range from $1,000 to $5,000 USD.

8. Macola 10

Macola 10 is a ERP system designed for small businesses particularly manufacturers and distributors. It automates financial management and streamlines operations with customized workspaces to enhance productivity. 

Macola 10 Features 

  • Cash Management and Payroll: Simplify financial operations and payroll. 
  • General Ledger and Accounts Management: Manage accounts payable (AP), account receivable (AR) and general ledger tasks effectively. 
  • Document Management: Organizes financial records for better accessibility and compliance. 
  • Personalized Workspaces: Customizable user interfaces tailored to individual preferences. 

Macola 10 Pricing 

  • Standard Edition: Starts from $99 per user per month for up to 10 users. 
  • Enterprise Licensing: Custom pricing is available for larger organizations with specific requirements. 

9. NetSuite

NetSuite is a cloud-based Enterprise Resource Planning (ERP) platform that helps businesses streamline operations and work more efficiently. It offers tools for managing finance, HR, operations, and customer relationships in one system. With over 38,000 customers across 219 countries, NetSuite is suitable for large companies and growing businesses needing a unified solution.

NetSuite Features 

  • Core Accounting Integration: Seamless integration with other financial management processes. 
  • Billing Management: Automates billing operations. 
  • Customizable General Ledger: Offers dynamic customization to meet specific business needs. 
  • Real-Time Financial Reporting: Provides on-demand access to key financial insights. 
  • Planning, Budgeting and Forecasting Tools: Supports intuitive and effective financial planning. 
  • Governance, Risk and Compliance Management: Ensures compliance with regulatory and governance requirements. 

NetSuite Pricing 

NetSuite offers a free demo to showcase its capabilities but pricing details are not listed on the website. Contact NetSuite directly to get a quote. 

10. Zoho Books 

Zoho Books is a cloud-based accounting software that helps business ideas to manage finance in the most effective way possible. It offers a range of features which include invoicing, expense tracking, project management, and inventory management, and all can be used across multiple devices. Zoho Books integrates with other Zoho Apps giving a single platform to perform all the business activities

Zoho Books Features

  • Invoicing: Create and send professional invoices, set up automated recurring invoices and accept online payments.
  • Expense Tracking: Records and categorizes expenses, upload receipts, and track spending.
  • Project Management: Manage and monitor projects, track time and bill your clients for you. 
  • Inventory Management: Manage stock, orders and be notified about low stock.
  • Bank Reconciliation: Bank accounts connection, import statements and automatic reconciling of transactions.
  • Financial Reporting: Generate comprehensive reports, like profit and loss statements, balance sheet and cash flow statements. 

Zoho Books Pricing

Plan Price Key Features 
Free Plan$o (For revenue <$50,000/year) Essential financial management features 
Standard Plan $20 (Billed annually)Recurring invoices and bills, custom views and reporting tags 
Professional Plan $50 (Billed annually)Purchases and sales orders, custom fields and multi-currency handling 
Premium Plan $70 (Billed annually)Custom domains, workflow rules and advanced inventory management 
Elite Plan $150 (Billed annually)All premium features plus custom modules and advanced analytics 
Ultimate Plan $275 (Billed annually)Most comprehensive features, dedicated account manager and advanced customization options 

Choosing The Right Accounting Software 

Understand Your Business Needs 

The first step you need before choosing accounting software is figuring out what your business needs. Think about the size of your business, how complicated your finances are and what are your specific goals. So, consider asking yourself the following questions:

  • How much bookkeeping do I need? Basic accounting? Or do I need advanced features such as payroll and inventory management?
  • Is remote access important to my team?
  • Does my business operate internationally which requires multi-currency support? 

By asking these questions, you can narrow down your choices and ensure your software choice will align with your goals.

Understand Types of Accounting Software

Type of Accounting Software Description Suitable For Example 
Cloud-based accounting software– Hosted online – Allow access to financial data from anywhere with internet connection – Businesses that need real-time collaboration with remote access and automatic updates Xero Accounting 
Desktop accounting software -Can install locally on a computer – Strong performance and offline access – Businesses that prioritize control and not required functionality Sage 50 (Desktop version) , ABBS 
Open-Source Accounting Software– Free and highly customizable-Ideal for businesses with technical expertise – Businesses seeking tailored solutions without a hefty priceGnuCash 
ERP (Enterprise Resource Planning) – Can integrate accounting with other business tools such as inventory management and HR. – Large-scale operations with complex financial and operational needs NetSuite 

Key Features To Consider 

When looking for accounting software, look for features that simplify tasks, improve accuracy and save time for you. Here are some of the most important features to look for:

1. Income and Expense Tracking

Accurate financial records such as tracking income and expenses are essential for maintaining financial clarity for any business. Look for an accounting software that automates categorization and shows you real time insights into your cash flow.

2. Invoicing and Billing

Having features for efficient invoicing helps cash flow management and reduces the risk of late payments. This process can be streamlined with software with customizable templates and automatic reminders.

3. Bank Reconciliation

Bank reconciliation tools automate the process of importing and matching financial transactions into records to save time and money.

4. Financial Reporting

Having robust reporting tools give insights into your financial health including profit and loss statement, balance sheet, and cash flow analysis.

5. Tax Compliance

Ensure the software can support local tax requirements such as GST or VAT calculations and generate compliant tax reports.

6. Payroll Management

Having integrated payroll features can simplify payroll management, including tax calculations and generating payslips.

7. Multi-Currency Support

If your business operates internationally, ensure the software is able to process your multi currency transactions, exchange rates and reporting.

8. Document Capture and OCR

If the software has OCR (Optical Character Recognition), invoices and receipts can be scanned and extract data by automating the manual entry.

9. Third-Party Integrations

Seamless integration with CRM systems, payment processors, and eCommerce platforms improve efficiency by automating the workflow. 

Cost Considerations 

The costs of accounting software are different depending on the features, licensing models and scalability. 

  • Initial Costs: Many modern accounting solutions use subscription models to calculate the total annual cost instead of monthly fees. 
  • Additional Costs: Make sure to check for the hidden fees such as charges for advanced features, additional uses or priority support services. 

Scalability 

Your accounting software should be scaling as your business grows. Make sure to look for software that allow

  • Adding more users 
  • Handling large volumes of transactions
  • Integrating advanced features without mahoe disruptions. 
  • Ensure software supports easy data export and migration if you need to change software in the future. 

Data Security 

It is worth noting that having robust security features are also non-negotiable in accounting software considering the sensitivity of financial data. Here are key aspects to look for in terms of data security: 

  • Data Encryption: The software should use the strong encryption standards such as (AES-256).
  • Two-Factor Authentication (2FA): It adds an extra layer of security for user accounts.
  • Role-Based Access: It prevents accessing the sensitive information ensuring only authorized users can view sensitive information. 
  • Secure Data Centers: Make sure the provider uses certified and secure data centers for cloud solutions. 

Ease of Use  

The software should also be user-friendly to use especially if your team does not have extensive technical knowledge. Consider: 

  • The design and layout of the interface. 
  • Availability of tutorials, guides and customer support.
  • Free trial options to test usability before deciding on the software. 

How FastLane Group Can Help?

FastLane Group provides one-stop accounting solutions for businesses in Hong Kong. We feature a talented team of professionals who come with years of experience and innovative software that makes your accounting operations easy to handle so that you can concentrate on growing your business. Get the financial analysis in real-time, automate and do the tax compliance, all in one place. Get the chance to feel it yourself with FastLane Group. Contact us today to have a conversation!

Frequently Answered Questions

Accounting software simplifies financial management by recording transactions, making reports, automating tasks such as invoicing and tax calculation, and giving insights into a company’s financial health.

You can use accounting software to automate financial data entry, account payable/receivable management, expense tracking, tax calculation and generating financial statements (income & balance sheets).

Xero is generally recommended for new users as it has a user friendly interface.

Yes, you can get encryption, two-factor authentication and backup from reputable software providers. It is still possible to reduce risks by using strong passwords and by updating systems.

ERP integrates accounting with other business functions such as HR, CRM and supply chain management while accounting software focuses on financial management. 

Xero is generally considered the best accounting software. Additionally, these accounting software tools are widely used because they are full of features – QuickBooks, Sage 50 and ABSS (formerly MYOB) and NetSuite.

Both Xero and QuickBooks are cloud based and ideal for small business while Sage 50 and ABSS provide robust desktop solutions.

Common accounting software are desktop software, cloud based platforms, ERP systems and open-source solutions. 

It is efficient and cost effective, providing real time access, collaboration, automatic updates and mobile app integration.

You should be looking for key features such as expense tracking, invoicing, financial reporting, tax compliance, and scalability to support business growth when looking for accounting software. 

Author

ang wee chun

Ang Wee Chun

Wee Chun Ang is a seasoned professional with expertise in business expansion, global workforce solutions, accounting, and strategic marketing, backed by a strong foundation in financial markets. He began his career managing high-value FX transactions at Affin Moneybrokers, a subsidiary of Affin Group, and KAF Astley & Pearce, a subsidiary of KAF Investment Bank. During his tenure, he played a pivotal role in setting up FX options desks, achieving significant milestones, including a 300% increase in desk revenue.