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


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

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

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

Federation of Small Businesses MTD homepageMonzia homepage
 

Federation of Small Businesses MTD vs Monzia Basics

Federation of Small Businesses MTDMonzia
Software WebsiteFederation of Small Businesses MTD WebsiteMonzia Website
HMRC MTD StatusIn DevelopmentNot Included
Who Can Use It?BusinessesBusinesses 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

Federation of Small Businesses MTD vs Monzia Reviews

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

Federation of Small Businesses MTDMonzia
Trustpilot RatingNo RatingNo Rating
Number of Trustpilot ReviewsNo ReviewsNo Reviews
iPhone App RatingNo RatingNo Rating
Number of iPhone ReviewsNo ReviewsNo Reviews
Android App RatingNo RatingNo Rating
Number of Android ReviewsNo ReviewsNo Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

Federation of Small Businesses MTD vs Monzia Prices

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

Federation of Small Businesses MTD pricingMonzia pricing

Free Plans & Trials

Federation of Small Businesses MTDMonzia
Free Plan?YesYes
Free Trial?NoNo
Free Trial Length?NoNo
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

Federation of Small Businesses MTDMonzia
Cheapest Plan Cost Per Month£8.40£4.00
Mid-Tier Plan Cost Per Month£16.80NA
Top Plan Cost Per Month£30.00NA
Data taken from each company’s website at the time of writing but may have since changed.

Federation of Small Businesses MTD vs Monzia Features

Federation of Small Businesses MTD featuresMonzia features

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

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

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

Federation of Small Businesses MTDMonzia
Pros
  • Free plan
  • MTD VAT compliant
  • Create simple or multi-line estimates
  • Free plan
  • Unlimited Reports During Membership Period
  • Full Business Records As Required By Hmrc
Cons
  • Lack of reviews
  • Lack of reviews
  • No app

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