Although it's not difficult to register for a Business Registration (BR) company in Hong Kong, choosing the best accounting software for small businesses to handle several complicated taxation issues, a pile of compliance papers, and legal documents is definitely a headache for many small business owners.
If you don't do it right, you can only imagine a bunch of IRD issues coming your way, and that's the last thing you want.
So, how do you streamline it and make sure you've met the legal requirements?
Don't worry, that's not a question for you. Cause we already got an answer sorted out to boost your company's financial health.
Here are the 7 best online accounting software for your business to make your business registration smoother in Hong Kong.
Best Accounting Software
1) Xero
A mature cloud platform with excellent advisor and app ecosystem, plus proven HK bank connectivity (especially HSBC).
Bank Feeds
Direct connection with HSBC Hong Kong, plus supported connections for Hang Seng and DBS HK.
Features
Quotes, packing slips, credit notes, basic inventory.
Price (HK Site, USD)
| Plan | Price (USD/month) | Multi-currency |
|---|---|---|
| Starter | $29 | No |
| Standard | $46 | No |
| Premium | $69 | Yes |
Why Choose Xero
Widely used by HK SMEs; strong ecosystem of integrations and advisors.
2) QuickBooks Online
User-friendly, with lots of tutorials and a big ecosystem. Great for service firms that don’t need heavy inventory.
Multi-currency
Supported, but each customer is locked to one currency. To invoice in multiple currencies, you must duplicate customers.
Features
Invoicing, expenses, project tracking, financial reports, and packing slips.
Price (HK Site, HKD)
| Plan | Price (HKD/month) | Notes |
|---|---|---|
| Simple Start | $152 | Single user |
| Essentials | $225 | Multiple users, time tracking |
| Plus | $308 | Project tracking, advanced reports |
| Advanced | $590 | Larger teams, advanced analytics |
Why choose QuickBooks
Flexible and intuitive, with strong reporting and service-oriented tools.
3) ABSS/MYOB
For SMEs that prefer on-premise control and a one-off purchase, ABSS/MYOB remains popular with local support.
Model
One-time license, no subscription.
Features
Premier and Premier Plus include multi-currency and multi-user. Strong desktop inventory.
Price (HK Distributors, HKD)
| Edition | Price (HKD) | Users | Multi-currency |
|---|---|---|---|
| Accounting | $4,188 | 1 | No |
| Premier | $4,788 | 1 | Yes |
| Premier (3) | $8,688 | 3 | Yes |
| Premier Plus | $5,888 | 1 | Yes |
| Premier Plus (3) | $10,488 | 3 | Yes |
Why choose ABSS
Best for SMEs preferring desktop installs and one-off licensing.
4) Sage 50 (Peachtree)
Long-running desktop accounting with solid inventory and reporting. Good if you already run Sage 50, but watch licensing/support status.
Features
Inventory, reporting, multi-user in some editions.
Price
Officially subscription-based, but in Hong Kong, resellers still sell older perpetual editions. Pricing and features vary by reseller and edition.
Why choose Sage 50
Trusted by SMEs for years; check local resellers for availability and terms.
5) Zoho Books
Affordable, automation-friendly suite that shines when you also use other Zoho apps.
Features
Multi-currency, automation, and integrations. Inventory expands when paired with Zoho Inventory.
Price (USD)
| Plan | Price (USD/month) | Notes |
|---|---|---|
| Free | $0 | Limited users/transactions |
| Standard | $20 | Automation, basic reports |
| Professional | $50 | Inventory, projects |
| Premium | $70 | Advanced features |
Why choose Zoho
Affordable, easy to use, and integrates seamlessly with the wider Zoho suite.
6) FreshBooks
Simple for service businesses that bill by the hour and send proposals; not ideal for businesses with complex inventory.
Features
Invoicing, proposals, time tracking, and expense syncing. Limited inventory.
Price (USD)
| Plan | Price (USD/month) | Notes |
|---|---|---|
| Lite | $19 | Up to 5 billable clients |
| Plus | $33 | Unlimited invoices, proposals |
| Premium | $60 | Advanced reports, team features |
Why choose FreshBooks
Ideal for freelancers and small agencies needing simplicity and mobility.
7) NetSuite
Full ERP (multi-subsidiary, advanced inventory, workflows). Best for larger or rapidly scaling firms—not typical micro-SMEs.
Features
Advanced ERP covering accounting, HR, inventory, multi-subsidiary structures, automation, and compliance.
Price (USD)
| Item | Typical Range |
|---|---|
| Licenses (per month) | $999 – $2,999 |
| Implementation (one-off) | $10,000 – $100,000+ |
Why choose NetSuite
Best for large enterprises with complex requirements, not typical SMEs.
Comparison Table
| Software | Cloud/Desktop | Price Range (HK region) | Multi-currency | Best For |
|---|---|---|---|---|
| Xero | Cloud | USD $29–$69/month | Yes (Premium) | SMEs needing HK bank feeds |
| QuickBooks | Cloud | HKD $152–$590/month | Per-customer | Service SMBs, automation |
| ABSS/MYOB | Desktop | HKD $4,188–$10,488 one-off | Yes (Premier) | SMEs preferring one-off license |
| Sage 50 | Desktop | Varies by reseller | Varies | Traditional SMEs, accountants |
| Zoho Books | Cloud | Free – USD $70/month | Yes | Budget-friendly growing SMEs |
| FreshBooks | Cloud | USD $19–$60/month | Limited | Freelancers, agencies |
| NetSuite | Cloud ERP | Licenses $999–$2,999/month + setup | Yes | Enterprises, multi-entity groups |
Conclusion
The best accounting software for your Hong Kong business depends on your size, industry, and growth plans.
If you’d rather not manage compliance and accounting alone, Air Corporate can help. Our team provides bookkeeping, profits tax filing, and company secretary services tailored to Hong Kong businesses.
Get started with Air Corporate today and keep your finances stress-free.
FAQs
Invoicing, expenses, bank reconciliation, robust reporting, multi-currency, and reliable HK bank feeds (HSBC, Hang Seng, DBS). Xero’s HSBC HK direct feed is a standout.
Zoho Books’ Free plan can suit freelancers; most growing SMEs need paid tiers (multi-currency, inventory, automation).
Yes—software ≠ compliance. You’ll still want professional support for profits-tax filings and (where applicable) audits.
