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Coconut vs Federation of Small Businesses MTD: Which Is Better Accounting Software?


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better Coconut or Federation of Small Businesses MTD?

We compare them based on real user reviews, prices and what features they both offer.

Coconut homepageFederation of Small Businesses MTD homepage
 

Coconut vs Federation of Small Businesses MTD Basics

CoconutFederation of Small Businesses MTD
Software WebsiteCoconut WebsiteFederation of Small Businesses MTD Website
HMRC MTD StatusIn DevelopmentIn Development
Who Can Use It?Self-employed peopleBusinesses
HMRC Listed FeaturesNoneNone
PlatformsWeb-based application, Android, and iOSWeb-based application, Android, and iOS
Note data for this section comes from HMRC here and here

Coconut vs Federation of Small Businesses MTD Reviews

Wondering if Coconut or Federation of Small Businesses MTD has better user reviews. We compared them below.

CoconutFederation of Small Businesses MTD
Trustpilot Rating4.5No Rating
Number of Trustpilot Reviews714No Reviews
iPhone App Rating4.7No Rating
Number of iPhone Reviews2800No Reviews
Android App Rating4.6No Rating
Number of Android Reviews1040No Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

Coconut vs Federation of Small Businesses MTD Prices

Which is cheaper Coconut or Federation of Small Businesses MTD? Here are their prices compared.

Coconut pricingFederation of Small Businesses MTD pricing

Free Plans & Trials

CoconutFederation of Small Businesses MTD
Free Plan?NoYes
Free Trial?YesNo
Free Trial Length?30 DaysNo
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

CoconutFederation of Small Businesses MTD
Cheapest Plan Cost Per Month£9.00£8.40
Mid-Tier Plan Cost Per MonthNA£16.80
Top Plan Cost Per MonthNA£30.00
Data taken from each company’s website at the time of writing but may have since changed.

Coconut vs Federation of Small Businesses MTD Features

Coconut featuresFederation of Small Businesses MTD features

Coconut Basic Features

  • Connect accounts from 30+ banks and credit cards
  • Track your income and expenses throughout the year
  • Access Coconut on both mobile and desktop
  • Send and track unlimited branded invoices
  • Always know how much tax to set aside
  • Easily share access with your accountant

Coconut Software Integrations

  • HSBC
  • AMEX
  • Tesco
  • Tide
  • M&S Bank

Federation of Small Businesses MTD Basic Features

  • 1 Free User (Fixed)
  • 100MB (Fixed)
  • Embedded Video Tutorials
  • Email & Telephone Support
  • Access to FSB Support Centre

Federation of Small Businesses MTD Software Integrations

Not Listed

Common Feature Comparison

CoconutFederation of Small Businesses MTD
Payroll Software IntegrationNoNo
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsNoNo
Prepare Self AssessmentYesYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesYesYes
Forecast Cash FlowYesNo
Accept and Make Payments In Different CurrenciesNoNo
Employee Time TrackingNoYes
ProjectsNoNo
Bank Feed IntegrationYesYes
End of Year FilingsNoNo
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsYesYes
Track Inventory & Stock LevelsNoNo

CoconutFederation of Small Businesses MTD
Pros
  • App is well designed
  • Price
  • Perfect set of features
  • Customer service is top notch
  • Dashboard makes seeing all daily activities in one place
  • Free plan
  • MTD VAT compliant
  • Create simple or multi-line estimates
Cons
  • Few features lacking compared to other scheduling software
  • Calculations didn’t match up
  • Lack of reviews

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