OCTIS vs Xero vs QuickBooks Online for Hong Kong businesses
Plans, price and what each leaves for your accountant to add.
Last checked · 5 sources
Otty's short answer
Both run Hong Kong books in the cloud. Xero publishes four plans from US$7 to US$82 per month. QuickBooks lists four plans with user caps of 1, 3, 5 and 25 but shows prices only on a live page. Choose the one your accountant already uses, then check your bank feed and MPF payroll before you commit.
Side by side
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| What matters | OCTISHong Kong company + OCTIS global plan | Xero | QuickBooks Online |
|---|---|---|---|
| Entry plan | Not published; 10–30% below your current bill | Lite, US$7 per month | Simple Start, price loads live |
| Mid plan | 10–30% below your current bill | Standard, US$54 per month | Essentials, price loads live |
| Top plan | 10–30% below your current bill | Premium, US$82 per month | Advanced, price loads live |
| Introductory offer | 30-day money-back guarantee, terms apply | 80% off first 3 months | 30-day free trial |
| Users included | Your whole team | Not stated on page | 1 / 3 / 5 / 25 by plan |
| Bank feeds | Included with the books | Yes, all plans | Yes, all plans |
| Multiple currencies | Multi-currency account via licensed partners | Premium plan | Essentials and up |
| Invoice limit on cheapest plans | Invoices and bills handled for you | 5 (Lite), 20 (Starter) | No limit stated |
| Inventory tracking | Not an OCTIS product | Not on price list | Plus and Advanced |
| Hong Kong MPF payroll built in | Payroll handled by OCTIS accountants | No, add-on needed | Not stated |
Data sources & disclaimer: Comparison data was compiled from publicly available sources — including the competitors' own published pricing and feature pages — captured on 9 November 2026. Figures reflect the typical or advertised pricing at that time and may have changed since; plans, inclusions and prices vary by provider, region and promotion. OCTIS is independent and not affiliated with the named companies; all trademarks belong to their respective owners. This comparison is provided in good faith for general information only and is not professional, legal or financial advice — please verify current details with each provider before deciding.
Which one fits you
OCTIS · Hong Kong company + OCTIS global plan
Choose OCTIS if you want accountants to do the bookkeeping for you, not software you run yourself, with CRM in the same place.
Xero
Choose Xero if your accountant or bookkeeper already uses it, you want a low entry plan, and you are happy to add a payroll tool for MPF.
QuickBooks Online
Choose QuickBooks Online if you need multiple currencies, inventory or project tracking on a mid plan, and you can confirm Hong Kong pricing with Intuit.
What the table does not show
Price and plans
Xero's Hong Kong page lists Lite at US$7, Starter at US$32, Standard at US$54 and Premium at US$82 per month, in US dollars, with 80% off the first three months for new customers. Lite allows 5 invoices and Starter 20 invoices and 5 bills. QuickBooks Online's Hong Kong page lists Simple Start, Essentials, Plus and Advanced, but loads prices live, so we cannot quote a number. It offers a 30-day trial.
What neither one does for Hong Kong payroll
Hong Kong employers must enrol eligible staff in an MPF scheme within 60 days and pay 5% of relevant income each side, capped at HK$1,500 per month. Xero's price list does not include Hong Kong MPF payroll, and QuickBooks' Hong Kong page does not mention payroll or MPF. Most small teams add a local payroll tool that calculates MPF and prepares IR56 forms, then sync the journals into either ledger.
How to decide
The software matters less than the person using it. A bookkeeper who knows Xero will file cleaner books than one learning QuickBooks, and the reverse is also true. Ask your accountant which they prefer, check that your bank offers a feed, and test the entry plan on the free trial or offer before paying for a year. Whichever you choose, keep the receipts and bank statements the auditor will ask for.
Where OCTIS fits
OCTIS does your bookkeeping so you do not have to choose software for it. We reconcile bank statements, prepare financial statements and profits tax, and arrange the audit with a Hong Kong CPA practice. If you already pay a bookkeeper or accountant, send us your current bill and we come in 10–30% off it.
Frequently asked questions
Is Xero or QuickBooks better in Hong Kong?
Neither wins everywhere. Xero publishes a cheaper entry plan. QuickBooks puts multiple currencies and inventory on mid plans. Pick the one your accountant uses.
How much does Xero cost in Hong Kong?
Xero's Hong Kong page lists US$7 (Lite), US$32 (Starter), US$54 (Standard) and US$82 (Premium) per month in US dollars. New customers get 80% off the first three months. Prices can change, so check the page.
Does QuickBooks Online work in Hong Kong?
Yes. Intuit runs a Hong Kong site with four plans, bank feeds, a mobile app and a 30-day trial. Prices load live on the page, so confirm the current price and currency before you sign up.
Do Xero or QuickBooks handle MPF?
Not in the plans we read. Use a Hong Kong payroll tool for MPF contributions and IR56 forms, and post the results to your ledger.
Can I use free accounting software instead?
You can, but Hong Kong companies still need books that support an audit and profits tax return. Spreadsheets work only if they are complete and tied to bank statements.
Sources
Checked on the date above. Links open the provider's or regulator's own page.