If you are a Hong Kong-based small business owner and you are deciding which accounting software to use, look no further. We have prepared a list of the top 10 accounting software for small businesses in Hong Kong in 2024, including features, prices, and user reviews. All these platforms provide user-friendly interfaces along with robust features for simplifying the payroll process and other financial activities. Let’s begin.
Content Outline
Accounting Software Table Overview
Xero | ABSS (MYOB) | Quickbooks | MAS-Accounting | Sage | Express Accounts | SunSystems Financial Management | Macola 10 | |
---|---|---|---|---|---|---|---|---|
Best For | Companies valuing cloud storage | Medium to large corporates with cross-border operations | Companies needing automatic reconciliation | Different kinds of business | Large corporate | SMEs with simple accounting needs | Large corporates | SMEs, especially manufacturers & distributors |
Free Trial | ✅ 30-day trial | ✅ 7-day trial | ✅ 30-day trial | Free Demo | ❌ | ✅ | ❌ | ❌ |
Pricing | $7.25 USD per month | From $4,188 | HK$145–HK$295 | By Quote | By Quote | Free for teams with less than five; US$99 for Basic license | US$25,000 for the first year; US$1–US$5,000 for subsequent years (self-hosted) | From $99 per user/month |
System | Cloud system | Windows OS/Mac OS | Cloud system | Windows OS: Windows 8 / 10 / 11 | Windows OS/ Mac OS | Windows, OS X | Various systems | ERP System |
Offline Use | ❌ | ✅ | ❌ | ✅ | ✅ | ❌ | ✅ | ✅ |
Local Tax Filing | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ |
Reconciliation | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
Bookkeeping | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
Multi-currency | ✅ | ✅ | ✅ | Not specified | ❌ | Not specified | ✅ | Not specified |
FastLane Uses Xero
FastLane is pleased to be the platinum business partner of Xero cloud accounting. So why do we choose Xero?
Xero’s powerful features provide a more efficient, accurate and successful financial statement preparation and bookkeeping process.
The expertise of FastLane together with the capabilities of Xero allows our clients to take control of their finances with ease, speed, and assurance. We enable businesses to prosper in the contemporary dynamic and competitive environment.

Features
Xero is best suited for small to medium-sized businesses, providing cloud-based accounting software that simplifies financial management. Here are the key features that make Xero a popular choice:
- 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.
Price:
Please find the summary of Xero’s subscription pricing below:
Starter | Standard | Premium |
$7.25 USD per month | $11.50 USD per month | $15.50 USD per month |
Xero Bank Integrations Examples in Hong Kong

DBS
Connect Xero to DBS. With daily bank updates and direct finance applications, you’ll run your business more efficiently.

Hang Seng Bank
Connect your Hang Seng business bank account in Xero so you can enjoy automatic bank updates into Xero every day.

HSBC
With the help of HSBC – one of the world’s leading banks – Xero is improving financial services for small businesses.

Airwallex
Airwallex is not a bank, but you can set up hourly syncing of all transactions as bank feeds to easily track payments.
There are more examples of direct bank feed connections with Xero here. You can easily set up your bank feed in Xero’s interface. In the Accounting menu, select Bank accounts. Then Click Add Bank Account.
Click Here To Learn More About Connecting Your Bank With XeroABSS (formerly MYOB)
ABSS, the new identity of MYOB, provides cloud-based accounting software designed specifically for small and medium-sized businesses in Australia. Below are a few most common pros based on user reviews and experience:
Reliable and Robust Software: As one of the oldest accounting software brands, ABSS is known for its consistent performance and has received very few user complaints regarding bugs.
Streamlined Bank Feeds: Users can access real-time reports on their financial performance directly from the platform.
Comprehensive Payroll Features: ABSS allows users to easily issue payslips and manage sick leave, holiday pay, and personal leave accrual with minimal errors.

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.
MYOB ABSS Price List:
Accounting (1 user) | Premier (1 user) | Premier (3 users) | PremierPlus (1 user) | PremierPlus (3 users) | AccountEdge (1 user) | AccountEdge (3 users) | |
System | Win 7, Win 8, Win 10, Win 11 | Win 7, Win 8, Win 10, Win 11 | Win 7, Win 8, Win 10, Win 11 | Win 7, Win 8, Win 10, Win 11 | Win 7, Win 8, Win 10, Win 11 | Mac OS X | Mac OS X |
Multi-User | ❌ | ✅ | ✅ | ✅ | ✅ | ❌ | ✅ |
Invoices & expenses | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
Inventory | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
Multi prices & quantity breaks | ❌ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
Multi-locations | ❌ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
Multi-currencies | ❌ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
Time Billing | ❌ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
Reporting | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ | ✅ |
Export/Import data | ✅ | ✅ | ✅ | ✅ | ✅ | ❌ | ❌ |
Payroll Management | ❌ | ❌ | ❌ | ✅ | ✅ | ❌ | ❌ |
ABSS Web Store (Monthly Subscription) | ✅ | ✅ | ✅ | ✅ | ✅ | ❌ | ❌ |
Bi4Cloud (Monthly Subscription) | ✅ | ✅ | ✅ | ✅ | ✅ | ❌ | ❌ |
**Windows Operating System:**
The standard version of ABSS Accounting’s software, which includes a software CD, user manual (pdf), five company files, a four-hour basic course, eight to twelve hours of advanced courses, remote installation, and multi-user setup, starts at HK$4,188 (>140 reports) for a single user account.
The PremierPlus software is priced at HK$5,488 for up to three users (>200 reports), while the Premier software is priced at HK$4,788 for a single user and HK$8,688 for up to three users (>170 reports).
**Mac Operating System:**
There is another Mac accounting program called AccountEdge that surrounds the ABSS program. One way that Windows programs vary from others is that a large number of organizations can utilize them without restriction. Furthermore, more than 170 district councils state that the cost is HK$4,788 for a single user and HK$8,888 for three or more.
ABSS (MYOB) Bank Integrations Examples in Hong Kong
There aren’t too many bank feed integration examples with ABSS (MYOB) at the moment. Only DBS has clear guides and resources in ABSS’s training guides.
Click Here To Learn More About Connecting DBS With ABSS (MYOB)
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.

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:
Click here to learn more about Quickbook’s annual pricing.
Quickbooks Bank Integrations Examples in Hong Kong

Bank of East Asia

Standard Chartered Bank

HSBC

Bank of China
You can easily set up your bank feed in Quickbook’s interface.
Click Here To Learn More About Connecting Your Bank With QuickbooksMAS-Account
MAS-Account is a dynamic accounting and trading administration software which provides solutions to a number of different business establishments. The SQL Server is responsible for its functioning and provides it with exceptional support regardless of whether you will be using it on a desktop, tablet, or smartphone. As well, you will have the advantage to benefit of the services such as professional consultations free of charge, installation and training sessions.
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.
Click here to download their function list PDF.

Price:
For MAS-Account, price is not stated. But, you can their website to get a quotation. They also provide a free demo.
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
Sage
Sage has been a leading accounting software for over 30 years, offering various versions to meet the needs of different business users. Whether you are a beginner or a professional, you can find a suitable version. In addition to supporting offline local installation software, Sage also provides a cloud accounting version, allowing users to manage their finances anytime, anywhere. Its three popular accounting software systems include Sage 50 Simply, Sage 300 (formerly known as AccPac), and Sage 50 Peachtree.

Features:
- Stock Management
- Allows for the automatic and continuous updating of your inventory and accounting records
- Invoice creation online
Price:
- By Quotation
Sage Bank Integration

In order 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.
Express Accounts

Express Accounts is designed to be affordable and easy to use, focusing on core accounting functions for small businesses with simple accounting needs.
Features:
- Creates quotes, sales orders, and invoices with ease.
- Accessible on both Windows and OS X operating systems.
- Tracks sales and accounts receivable data accurately.
- Records recurring orders and generates repeat invoices effortlessly.
We can see that the interface is rather simple and straightforward, and less “sleek” as other softwares. However, considering the targeted audience of simple accounting demands and low cost, it is still worthy to be called a good accounting software.
Price:
Express Accounts are absolutely free and have no expiration date if your team has less than five people. For about US$99, you may get an entire license for Express Accounts Basic if you require a few more features to be built.
SunSystems Financial Management System

SunSystems Financial Management System is suitable for large enterprises requiring comprehensive accounting solutions which is ideal for businesses in various industries, including finance, hospitality, and non-profits. It supports multi-location operations, rapid growth, and advanced analytical capabilities.
Features:
- Scalable deployment options cater to diverse needs, ranging from single-user PCs with remote access to cloud hosting, as well as single or multi-server IT environments.
- Offers robust reporting and data entry capabilities, seamlessly integrating with various systems and supporting multiple currencies.
- Capable of consolidating multiple legal entities for streamlined management.
Price:
Depending on the specifications, it ranges from about US$25,000 for the first year to between US$1 to US$5,000 for subsequent years if you want to host it yourself.
Macola 10

Macola 10, a comprehensive ERP system tailored for smaller businesses, automates workflows and provides tailored workspaces.
This system is particularly beneficial for manufacturers and distributors, as it seamlessly manages the entire production process, including planning, manufacturing, and delivery. Macola 10 empowers businesses to prioritize efficiency and cost optimization.
Features:
- Efficiently handles cash management and payroll tasks.
- Manages general ledger, accounts payable (AP), and accounts receivable (AR) processes effectively.
- Facilitates document management for organized record-keeping.
- Provides personalized workspaces tailored to individual user preferences.
Market Differentiator | Benefits |
---|---|
Real-time inventory tracking with barcode scanning and mobile devices | Ensures accurate visibility into inventory levels to prevent stockouts and improve fulfillment. |
Advanced production scheduling and capacity planning | Maximizes throughput and improves on-time delivery. |
Integrated CRM with quote generation and order processing | Centralizes customer data for efficient selling and order management. |
Pricing:
Macola 10 operates on a monthly software-as-a-service subscription model, with pricing tiers based on the number of licensed users. Subscription plans begin at $99 per user per month for up to 10 users on the Standard edition. For larger organizations, enterprise licensing options are available with customized pricing tailored to specific requirements.
Selecting the Appropriate Accounting Software
Choosing the best accounting software for your company might be difficult because there are so many possibilities.
The following crucial factors should influence your choice:
- Cloud-based Accounting Software that deals with small and medium-sized enterprises, this software is accessible online and hosted remotely. It offers real-time financial data.
- Software for Online Accounting is comparable to cloud-based, real-time data accessible via a browser. Usually designed with small enterprises in mind.
- Desktop accounting software that is installed locally gives you more control and customization possibilities, but it also needs more upkeep and could not be compatible with remote work.
- Software for Accounting Open Source that is both free and adaptable and ideal for small enterprises with basic bookkeeping needs.
- Software for Enterprise Resource Planning (ERP) is all-inclusive software suite comprising customer, inventory, and accounting management. made for big businesses with complex operations.
- Industry-Specific Accounting Software Software designed specifically for specific businesses, like retail, construction, or medicine. offers certain capabilities that are tailored to those fields’ particular accounting requirements.
Features to consider
- Invoicing
Create and email invoices effortlessly, and track payments received.
- Expense Tracking
Easily monitor and categorize expenses. Generate expense reports whenever needed.
- Bank Reconciliation
Automate the process of matching bank statements with recorded transactions, saving you time.
- Financial Reporting
Generate important financial reports such as income statements, balance sheets, and cash flow statements efficiently.
- Payroll Management
Easily calculate payroll and create detailed payroll reports.
- Keeping Track of Stock
Monitor your stock levels and easily keep track of related expenses.
- Tax Compliance
Reduce tax headaches by using software that computes taxes correctly, creates tax forms, and keeps track of tax information for compliance.
- Multi-Currency Support
Easily manage cross-border transactions with software that effectively manages exchange rates and currency conversions.
- Security and Data Backup
To avoid any possible data breaches or loss, protect your vital financial data with strong security measures and a dependable backup system.
Accounting Software: Considerations and Challenges
Accounting software can greatly enhance and simplify your business’s accounting, but there may be some disadvantages and challenges that need to be taken into account.
- The financial effect
Accounting software can be expensive, especially for companies with different levels of funding.
- The Learning Curve In spite of user-friendly designs
Training and adjustment are necessary while using accounting software, especially for users who are not accustomed to similar systems.
- Technical specifications
A business’s current infrastructure might not be compatible with the system requirements (e.g., hardware, operating systems) of some accounting software applications.
- Limitations on Customization
Accounting software might not be entirely compatible with your unique business requirements.
- Data Security Issues
Reliable security features are necessary since digital storage of financial data might lead to security problems.
- Technical Issues
Accounting software can experience technical problems or crashes, disrupting business processes.
- Regulatory Compliance Challenges
Ensure that your accounting software complies with all applicable legal and regulatory requirements, including tax laws and data protection regulations.
Accounting Software Choosing Methods
The right accounting software for your company cannot be a one-size-fits-all solution. These are the ways:
- Identifying Business Needs: Such as invoicing, expense tracking and financial reporting which features would be essential? Furthermore, take into consideration your firm’s size as well as its level of complexity with regards to finance department and compliance requirements.
- Research: As per your requirements, look at different systems that align with them in order for you to find out more about those factors including provider reputation, cost-effectiveness, user-friendliness and customer support services. To help make an informed decision; read reviews posted by other small business owners.
- Testing: Free trials or demos can help you try out the software yourself before investing money into something unknown about its compatibility with current systems or how easy it will be used by staff members who already have familiarity with other types of programs they use every day at work.
- Plan for Growth: As your business progresses, it is possible that you may have different financial needs. For instance, you need software which is adaptable and can serve your changing requirements such as supporting more users, integrating into other programs and doing more advanced things.
- Security Evaluation: Assess the safeguarding of financial data: these could be two-step verification, encryption and backup services among others.
- Customer Support Evaluation: Instead, prioritize those companies with solid support systems. This is essential particularly when dealing with accounting novices who require tutorials, forums and dedicated teams.
Maximize Your Business Success
Through selecting accounting software fitting exactly what your business needs are, you can streamline processes in other areas allowing yourself to concentrate on more valuable activities. Make this decision based on your company’s needs rather than conforming to industry standards. Our list of best accounting software options lets you make an informed choice. Compliance and Convenience Ensure your company adheres to Hong Kong’s corporate governance regulations. FastLane offers comprehensive corporate secretary services in Hong Kong to assist you in managing your documents effectively.
How FastLane Group Can Help?
FastLane Group provides accounting solutions that are one-stop to 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
Small businesses’ accounting software simplifies financial management duties. It records and arranges sales, expenses, and taxes in one place. This software enables the printing of invoices, reconciliation of bank accounts and prepares (balance sheets, income statements). Information from the software keeps managers updated on financial health of a company so as to make informed decisions. By automating these processes, accounting software for small businesses reduces errors in computations, enhances precision in financial reporting and facilitates financial transactions.
Accounting software makes accounting easier by making tasks automatic and workflows optimal. Financial data such as sales figures, expenditure reports and invoice numbers are recorded automatically in appropriate accounts. Other works that can be done using this application include tax calculations; payment follow-up reminders and account balancing. Under double-entry bookkeeping system each transaction affects at least two accounts thus maintaining equilibrium between debit and credit sides of a ledger. Moreover, the program provides crucial financial details about an organization’s revenue.
FastLane powered by Xero is the number one choice for entrepreneurs looking for cheap yet simple accounting software . It is easy to use because it has a user-friendly interface.
Security is a major concern for businesses that rely on accounting software in the digital era. Security comes first for recognized suppliers of accounting software. This includes using encryption, storing data securely and employing two-factor authentication as a form of protection. Moreover, they have plans for back-ups and disaster recovery in case the security breach or emergency occurs to protect your data. Accounting software remains insecure with regards to threats such as viruses, phishing and social engineering despite its functionality. To defend one’s information, it is necessary to adhere to some good practices including: Creating strong passwords, updating regularly, being careful when opening emails or clicking on any links For instance, prefer industry-standard compliant accounting packages from an established vendor in the field. By following these suggestions you can be sure your accounting software is secured as well as maintain privacy of your financial sensitive details.
Those two systems help in the management of finances but they are diverse. Accounting software does the recording of business transactions, prepares financial statements and processes accounts payables and receivables. Unlike ERP that is not limited to finance only but extends its scope into areas such as human resource, customer relationship management (CRM) and supply chain management which makes it a full package. These systems combine various business processes under one platform; thus enabling firms to integrate their operations, improve efficiency and cut costs. ERP systems perform better than accounting software: they automate workflows, manage inventory control, plan for production activities and gather analytics. While accounting software is used by firms with simple financial needs, ERP caters for operational requirements of large enterprises.