Which accounting software is better Coconut or MYT?
We compare them based on real user reviews, prices and what features they both offer.
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Coconut vs MYT Basics
| Coconut | MYT | |
| Software Website | Coconut Website | MYT Website |
| HMRC MTD Status | In Development | In Development |
| Who Can Use It? | Self-employed people | Businesses and Self-employed |
| HMRC Listed Features | None | None |
| Platforms | Web-based application, Android, and iOS | Cloud-based application, Android, and iOS |
Coconut vs MYT Reviews
Wondering if Coconut or MYT has better user reviews. We compared them below.
| Coconut | MYT | |
| Trustpilot Rating | 4.5 | No Rating |
| Number of Trustpilot Reviews | 714 | No Reviews |
| iPhone App Rating | 4.7 | 5 |
| Number of iPhone Reviews | 2800 | 28 |
| Android App Rating | 4.6 | 4.7 |
| Number of Android Reviews | 1040 | 18 |
Coconut vs MYT Prices
Which is cheaper Coconut or MYT? Here are their prices compared.
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Free Plans & Trials
| Coconut | MYT | |
| Free Plan? | No | No |
| Free Trial? | Yes | Yes |
| Free Trial Length? | 30 Days | 30 Days |
Paid Plan Prices
| Coconut | MYT | |
| Cheapest Plan Cost Per Month | £9.00 | £10.00 |
| Mid-Tier Plan Cost Per Month | NA | £20.00 |
| Top Plan Cost Per Month | NA | £30.00 |
Coconut vs MYT Features
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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
MYT Basic Features
- AI analytics up to 50 documents
- Creating customer invoices
- Submit VAT returns to HMRC
- Uploading bank statements
- BOPP Integration
- Uploading Supplier Invoices
- Customer list
- Uploading CIS vouchers
- Online Bookkeeping
MYT Software Integrations
Common Feature Comparison
| Coconut | MYT | |
| Payroll Software Integration | No | No |
| Track VAT | Yes | No |
| VAT Filing | Yes | Yes |
| Real-Time Financial Reports | No | Yes |
| Prepare Self Assessment | Yes | Yes |
| Income Tax Estimates | Yes | No |
| Manage Income & Expenses | Yes | Yes |
| Create Invoices | Yes | Yes |
| Forecast Cash Flow | Yes | No |
| Accept and Make Payments In Different Currencies | No | No |
| Employee Time Tracking | No | No |
| Projects | No | No |
| Bank Feed Integration | Yes | Yes |
| End of Year Filings | No | No |
| Capture Bills And Receipts | Yes | Yes |
| Bulk Reconcile Transactions | Yes | No |
| Track Inventory & Stock Levels | No | No |
| Coconut | MYT | |
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