Lexware Office vs Statrys Comparison

Why choose Lexware Office

• Higher Compliance score (8/10 vs 6/10)
• Higher Integration score (7/10 vs 5/10)

Why choose Statrys

• Has a free plan (Lexware Office does not)
• Higher Support score (8/10 vs 6/10)
• Higher Scalability score (5/10 vs 4/10)
• Includes Multi-currency, which Lexware Office lacks

Lexware Office

Pros

• Users on OMR Reviews and testers on Experte.de describe receipt scanning and bank matching as fast and easy to set up.
• Creates ZUGFeRD and XRechnung e-invoices and files VAT returns directly to ELSTER.
• Every plan can be cancelled monthly, and users are unlimited according to Für-Gründer.
• Tax advisor access and DATEV export make it easy to hand the books to an accountant.
• An optional payroll add-on handles social security and tax filings for up to 50 employees.

Cons

• Invoices can only be issued in euros.
• Cannot manage several companies, and has no approval workflow and no cost-centre reporting.
• Bookkeeping and VAT returns need the L plan, and recurring features need higher tiers.
• Users report bank connections that drop and support that is hard to reach by phone.
• There is no postal invoice sending and no built-in time tracking.

Statrys

Pros

• Holds 11 currencies, including HKD and CNY, under one account number, which helps companies trading with Hong Kong and China.
• No monthly account fee as long as the business makes at least five outgoing payments a month.
• Low FX markups, starting at 0.1% on major currency pairs.
• One provider covers payments, cards, invoicing, accounting and company secretary services for Hong Kong companies.
• Support is handled by people rather than bots, in several languages, and Trustpilot reviewers frequently praise fast onboarding.

Cons

• Not a bank, so deposits are not insured, and eligibility mostly excludes companies incorporated outside Asia.
• No native batch payments, and forward FX hedging requires going through sales.
• Fewer currencies than Wise Business or Airwallex.
• Card and ATM transactions outside HKD cost 1.99%, and physical cards delivered outside Hong Kong and Mainland China cost HKD 300.
• No built-in general ledger or financial reporting; accounting is sold as a separate service.