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Hammock vs MYT: Which Is Better Accounting Software?


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

Which accounting software is better Hammock or MYT?

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

Hammock homepageMYT homepage
 

Hammock vs MYT Basics

HammockMYT
Software WebsiteHammock WebsiteMYT Website
HMRC MTD StatusIn DevelopmentIn Development
Who Can Use It?Landlords, agents and property managersBusinesses and Self-employed
HMRC Listed FeaturesNoneNone
PlatformsWeb-based application, Android, and iOSCloud-based application, Android, and iOS
Note data for this section comes from HMRC here and here

Hammock vs MYT Reviews

Wondering if Hammock or MYT has better user reviews. We compared them below.

HammockMYT
Trustpilot Rating3.8No Rating
Number of Trustpilot Reviews2No Reviews
iPhone App Rating45
Number of iPhone Reviews728
Android App RatingNo Rating4.7
Number of Android ReviewsNo Reviews18
Please note ratings we’re accurate at the time of writing but may have since changed

Hammock vs MYT Prices

Which is cheaper Hammock or MYT? Here are their prices compared.

Hammock pricingMYT pricing

Free Plans & Trials

HammockMYT
Free Plan?NoNo
Free Trial?YesYes
Free Trial Length?30 Days30 Days
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

HammockMYT
Cheapest Plan Cost Per Month£5.99£10.00
Mid-Tier Plan Cost Per Month£11.99£20.00
Top Plan Cost Per Month£19.99£30.00
Data taken from each company’s website at the time of writing but may have since changed.

Hammock vs MYT Features

Hammock featuresMYT features

Hammock Basic Features

  • 1-3 Properties
  • Register your rental properties
  • Bookkeeping
  • Unlimited Bank Feeds
  • Real-time Notifications
  • User Management

Hammock Software Integrations

  • Revolut
  • Monzo
  • Natwest
  • TSB Bank
  • Barclays
  • Aldermore

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

  • QuickBooks

Common Feature Comparison

HammockMYT
Payroll Software IntegrationNoNo
Track VATNoNo
VAT FilingNoYes
Real-Time Financial ReportsYesYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesNo
Manage Income & ExpensesYesYes
Create InvoicesNoYes
Forecast Cash FlowYesNo
Accept and Make Payments In Different CurrenciesNoNo
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationYesYes
End of Year FilingsNoNo
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsYesNo
Track Inventory & Stock LevelsNoNo

HammockMYT
Pros
  • Free trial
  • Automated bookkeeping
  • Unlimited Bank Feeds
  • Free trial
  • Intuitive, comprehensive, and innovative tax app
  • Artificial Intelligence Expense Capture
Cons
  • Low review score
  • Low review score

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