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Coconut vs Monzia: Which Is Better Accounting Software?


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

Which accounting software is better Coconut or Monzia?

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

Coconut homepageMonzia homepage
 

Coconut vs Monzia Basics

CoconutMonzia
Software WebsiteCoconut WebsiteMonzia Website
HMRC MTD StatusIn DevelopmentNot Included
Who Can Use It?Self-employed peopleBusinesses and Self-employed
HMRC Listed FeaturesNoneRecord keeping, simplified expenses and Universal Credits reporting
PlatformsWeb-based application, Android, and iOSAndroid, web-based application
Note data for this section comes from HMRC here and here

Coconut vs Monzia Reviews

Wondering if Coconut or Monzia has better user reviews. We compared them below.

CoconutMonzia
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 Monzia Prices

Which is cheaper Coconut or Monzia? Here are their prices compared.

Coconut pricingMonzia pricing

Free Plans & Trials

CoconutMonzia
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

CoconutMonzia
Cheapest Plan Cost Per Month£9.00£4.00
Mid-Tier Plan Cost Per MonthNANA
Top Plan Cost Per MonthNANA
Data taken from each company’s website at the time of writing but may have since changed.

Coconut vs Monzia Features

Coconut featuresMonzia 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

Monzia Basic Features

  • TOTAL INCOME FOR PERIOD
  • TOTAL EXPENSE FOR PERIOD
  • TOTAL PROFIT / LOSS FOR PERIOD
  • TOTAL TAX DUE FOR PERIOD
  • CUSTOM DATE RANGE (Weekly, Monthly, Quarterly)
  • BUSINESS MILEAGE DETAILS AND CALCULATION
  • ACCOUNTS FOR PENSION, TAX AND NI PAYMENTS
  • TOTALS BROKEN DOWN BY CATEGORY (ie: Fuel, Postage, Materials etc)
  • CIS PAID FOR PERIOD
  • FULL BUSINESS RECORDS AS REQUIRED BY HMRC
  • ALL CATEGORIES DETAILED WITH EVERY TRANSACTION (Full Audit Trail )
  • SORTING AND SEARCH FACILITY ON ALL TRANSACTIONS
  • UNLIMITED REPORTS DURING MEMBERSHIP PERIOD

Monzia Software Integrations

Not Listed

Common Feature Comparison

CoconutMonzia
Payroll Software IntegrationNoNo
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsNoYes
Prepare Self AssessmentYesNo
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesYesNo
Forecast Cash FlowYesYes
Accept and Make Payments In Different CurrenciesNoNo
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationYesNo
End of Year FilingsNoYes
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsYesYes
Track Inventory & Stock LevelsNoNo

CoconutMonzia
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
  • Unlimited Reports During Membership Period
  • Full Business Records As Required By Hmrc
Cons
  • Few features lacking compared to other scheduling software
  • Calculations didn’t match up
  • Lack of reviews
  • No app

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