Introduction
Hong Kong’s financial scene moves at breakneck speed, and small and medium-sized enterprises (SMEs) need accounting tools they can count on to keep up and stay ahead.
The market offers a mix of local and global software choices, which can make picking the right one a bit of a headache. You might be looking for support for multiple currencies, cloud-based automation, or systems that align with Hong Kong Financial Reporting Standards (HKFRS). Whatever your needs, the right accounting setup can help you save time, cut costs, and make smarter business calls.
In this article, we take a look at the Top 5 Accounting Software Solutions for SMEs in Hong Kong (2025–2026) — including Info-Tech, Xero, MYOB QuickBooks, and Peachtree (Sage 50cloud) — to help you find the right fit for your business.
We’ve updated this list with 2026 pricing new AI and cloud features, and HKFRS compliance updates.
1. Info-Tech Accounting Software (Best All-in-One Cloud Solution for SMEs)
Overview: Info-Tech provides a top-notch cloud-based accounting and HRMS software designed for Hong Kong SMEs. This system automates financial processes while integrating with payroll, attendance, and HR compliance modules — creating a complete back-office management solution.
Key Features
- Automated accounting, invoicing, and inventory tracking
- Multi-currency and tax compliance (in line with IRD and HKFRS)
- Bank reconciliation, accounts payable/receivable
- Cloud dashboard you can access from anywhere anytime
- Up-to-the-minute reports on sales, costs, and profitability
- Links up with Info-Tech HRMS and Payroll
Why SMEs Pick Info-Tech
- Startups and growing businesses find it budget-friendly
- Fully combines with payroll & HR
- ISO 27001-certified data protection and PDPO compliance
- Top-notch local support team in Hong Kong
Perfect for: SMEs wanting an all-in-one HR + Accounting system with local help unlimited users, and set pricing.
👉 Find out more about Info-Tech’s Cloud Accounting Software in Hong Kong
2. Xero (Top Choice for Automation and Multi-Currency Transactions)
Overview: Xero leads the world in cloud accounting software. Many Hong Kong SMEs trust it because it’s easy to use and automates tasks. It works well with banking systems and other business tools.
Key Features
- Bank reconciliation in real time
- Smart tracking of expenses and invoicing of clients
- Financial statements created
- Calculations for multiple currencies and taxes
- Cash flow insights helped by AI
Pricing: Starting at HK$180/month, with a 30-day free trial
Why SMEs Pick Xero
- Makes financial reporting easier
- Cloud and mobile app access for business owners who travel
- Works with more than 1,000 business apps
Perfect for: Businesses dealing with several currencies or looking to automate bookkeeping and tax filing.
Find Out More: How to Pick the Right Accounting Software Provider in Hong Kong
3. MYOB (Top Choice for Customization and Growth)
At a Glance: MYOB (Mind Your Own Business) stands out for its adaptable accounting and payroll tools. It fits SMEs that need extensive customization or want to link with intricate financial frameworks.
Main Offerings
- Full-scale accounting and payroll control
- Stock and project monitoring
- Support for multiple currencies and local tax rules
- Number crunching for budgets and predictions
- Hooks into ERP and online shop systems
Why SMEs Pick MYOB
Powerful offline and online features
Great for growing businesses expanding operations
Comprehensive reporting tools
Perfect for: Mid-sized companies that like one-time licensing over subscription plans.
4. QuickBooks Online (Best for Mobility and User Experience)
Overview: QuickBooks Online by Intuit provides easy-to-use and cloud-based accounting for Hong Kong’s SME market. It lets business owners handle books, send invoices, and monitor payments with ease on their phones.
Key Features
- Automatic invoice and expense tracking
- Live financial dashboards
- Tax calculation and reporting
- Links to banking apps and payment gateways
- Extra payroll module available
Why SMEs Pick QuickBooks
- Easy-to-use interface great for non-accountants
- Instant updates across devices
- Monthly plans you can cancel when you want
Perfect for: New businesses and self-starters who value ease of use, adaptability, and mobile access.
5. Peachtree (Sage 50cloud) — Top Choice for Standard Accounting and Reporting
Overview: Sage 50cloud called Peachtree, blends traditional desktop accounting with cloud storage capabilities. Small and medium-sized enterprises often pick this software when they need advanced reporting and control over compliance.
Key Features
- General ledger, accounts payable & receivable
- Job costing and inventory management
- Multiple users can access with role-based permissions
- Works with Microsoft 365
- Strong reporting and data analysis tools
Why SMEs Pick Peachtree (Sage 50cloud)
- Top-notch reporting and audit trail capabilities
- Works offline first with safe cloud syncing
- Perfect for companies with in-house accounting staff
Best for: Well-established small and medium businesses that need detailed financial controls and can work without internet.
Key Comparison: 2026 Overview
| Software | Deployment | Ideal For | Key Features |
| Info-Tech | Cloud | SMEs & startups | Accounting + Payroll + HRMS integration |
| Xero | Cloud | Growing SMEs | Automation, real-time reporting |
| MYOB | Hybrid | Expanding businesses | Customization, offline use |
| QuickBooks | Cloud | Freelancers, SMEs | Mobile invoicing, expenses |
| Peachtree (Sage 50cloud) | Hybrid | Accounting teams | Reporting, ERP-style controls |
How to Pick the Right Accounting Software
When choosing your accounting software, think about these factors:
- Compliance: Make sure the system follows HKFRS and IRD tax rules.
- Integration: Pick software that connects payroll, HR, and banking.
- User Access: Multiple-user control for accountants and managers.
- Scalability: Ability to expand as your business grows and becomes more complex.
- Support: Dependable local help in Hong Kong time zones.
Recommendation: For most SMEs in Hong Kong, Info-Tech provides the best mix of features local compliance, and reasonable pricing.
Key Points to Remember
- Accounting software makes business operations smoother and helps companies follow HKFRS and tax reporting rules.
- Cloud accounting allows better mobility, updates in real-time, and teamwork.
- Picking the right software depends on how big the company is how much money it has, and how complex its needs are.
- Info-Tech stays a top pick for Hong Kong SMEs looking for a full, budget-friendly HR + Accounting answer.
Use Info-Tech’s Cloud Accounting Software System To Turn Transactions Into Smart Business Choices
Reach Out To Our Team For A Demo Tailored To You!
Frequently Asked Questions:
What is the best accounting software for SMEs in Hong Kong?
In 2026, Info-Tech stands out as the top comprehensive accounting package for SMEs. It combines accounting, payroll, and HRMS features while ensuring HKFRS compliance.
Which software is most affordable for small businesses?
Info-Tech provides the best value with its yearly plan priced at HK$1,800/year allowing unlimited users.
Is cloud accounting safe in Hong Kong?
Yes. Up-to-date cloud systems like Info-Tech, Xero, and QuickBooks use ISO 27001-certified servers and PDPO-compliant encryption to protect data.
Which accounting software handles transactions in multiple currencies?
Xero, MYOB, and Info-Tech can process transactions in various currencies and track foreign exchange rates in real time.
Do these systems work with payroll and HR modules?
Yes. Info-Tech connects with payroll, leave, and HR systems, while others such as QuickBooks and MYOB offer integrations as add-ons.
