Excel vs Xero: Which Accounting Tool for SMEs?
3 min
陳梓燊 Tsz San Chan, ACA FCPA (practising)｜執業資深會計師
Should SMEs use Excel or Xero for bookkeeping? Depends on company size. Very small companies can use Excel; go with Xero for professional accounting.
常見問題
Q: Can I use Excel for bookkeeping?
A: Yes, but only for very small companies (annual revenue under $500K, fewer than 20 transactions per month). For professional accounting, use Xero.
Q: How much does Xero cost?
A: Xero costs around $200-400/month with auto-reconciliation, invoicing, and accountant access. Most Hong Kong accountants are familiar with it.
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