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Coconut vs MyFirmsApp: Which Is Better Accounting Software?


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

Which accounting software is better Coconut or MyFirmsApp?

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

Coconut homepageMyFirmsApp homepage
 

Coconut vs MyFirmsApp Basics

CoconutMyFirmsApp
Software WebsiteCoconut WebsiteMyFirmsApp Website
HMRC MTD StatusIn DevelopmentNot Included
Who Can Use It?Self-employed peopleBusinesses and Accountants
HMRC Listed FeaturesNoneA compliant App solution for accountants and bookkeepers that handles income, expenses and more
PlatformsWeb-based application, Android, and iOSiPhone, iPad, Android, web
Note data for this section comes from HMRC here and here

Coconut vs MyFirmsApp Reviews

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

CoconutMyFirmsApp
Trustpilot Rating4.5No Rating
Number of Trustpilot Reviews714No Reviews
iPhone App Rating4.73.8
Number of iPhone Reviews280042
Android App Rating4.63.7
Number of Android Reviews104038
Please note ratings we’re accurate at the time of writing but may have since changed

Coconut vs MyFirmsApp Prices

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

Coconut pricingMyFirmsApp pricing

Free Plans & Trials

CoconutMyFirmsApp
Free Plan?NoNo
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

CoconutMyFirmsApp
Cheapest Plan Cost Per Month£9.00Not Listed
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 MyFirmsApp Features

Coconut featuresMyFirmsApp 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

MyFirmsApp Basic Features

  • Meaningful, insightful content
  • Updated daily and weekly
  • Searchable 24/7
  • Proactive push notifications
  • All done for you
  • Full customisation
  • 37 Powerful tools for you and your clients
  • Dedicated support and services
  • Everything in one place

MyFirmsApp Software Integrations

Not Listed

Common Feature Comparison

CoconutMyFirmsApp
Payroll Software IntegrationNoNo
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsNoYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesNo
Manage Income & ExpensesYesYes
Create InvoicesYesYes
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 TransactionsYesNo
Track Inventory & Stock LevelsNoNo

CoconutMyFirmsApp
Pros
  • App is well designed
  • Price
  • Perfect set of features
  • Customer service is top notch
  • Dashboard makes seeing all daily activities in one place
  • Dedicated account managers
  • Accelerate Client App downloads with Auto-launch
  • E-Learning Hub
Cons
  • Few features lacking compared to other scheduling software
  • Calculations didn’t match up
  • No pricing on website
  • Low review score

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