Which accounting software is better IRIS Elements or Monzia?
We compare them based on real user reviews, prices and what features they both offer.
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IRIS Elements vs Monzia Basics
| IRIS Elements | Monzia | |
| Software Website | IRIS Elements Website | Monzia Website |
| HMRC MTD Status | In Development | Not Included |
| Who Can Use It? | Businesses and Accountants | Businesses and Self-employed |
| HMRC Listed Features | None | Record keeping, simplified expenses and Universal Credits reporting |
| Platforms | Cloud-based application | Android, web-based application |
IRIS Elements vs Monzia Reviews
Wondering if IRIS Elements or Monzia has better user reviews. We compared them below.
| IRIS Elements | Monzia | |
| Trustpilot Rating | 3.6 | No Rating |
| Number of Trustpilot Reviews | 1616 | No Reviews |
| iPhone App Rating | No Rating | No Rating |
| Number of iPhone Reviews | No Reviews | No Reviews |
| Android App Rating | No Rating | No Rating |
| Number of Android Reviews | No Reviews | No Reviews |
IRIS Elements vs Monzia Prices
Which is cheaper IRIS Elements or Monzia? Here are their prices compared.
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Free Plans & Trials
| IRIS Elements | Monzia | |
| Free Plan? | No | Yes |
| Free Trial? | Yes | No |
| Free Trial Length? | 30 days | No |
Paid Plan Prices
| IRIS Elements | Monzia | |
| Cheapest Plan Cost Per Month | £3.00 | £4.00 |
| Mid-Tier Plan Cost Per Month | £9.00 | NA |
| Top Plan Cost Per Month | £25.60 | NA |
IRIS Elements vs Monzia Features
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IRIS Elements Basic Features
- Sole Trader & Partnerships​
- Limited Company FRS105, FRS 102S1A & Dormant​
- Simple chart of accounts – fixed account descriptions​
- Simple trial balance entry​
- Direct electronic filing to Companies House​
IRIS Elements Software Integrations
- KashFlow
- Xero
- Quickbooks
- HMRC
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
| IRIS Elements | Monzia | |
| Payroll Software Integration | Yes | No |
| Track VAT | Yes | Yes |
| VAT Filing | Yes | Yes |
| Real-Time Financial Reports | Yes | Yes |
| Prepare Self Assessment | Yes | No |
| Income Tax Estimates | Yes | Yes |
| Manage Income & Expenses | No | Yes |
| Create Invoices | Yes | No |
| Forecast Cash Flow | Yes | Yes |
| Accept and Make Payments In Different Currencies | No | No |
| Employee Time Tracking | No | No |
| Projects | No | No |
| Bank Feed Integration | Yes | No |
| End of Year Filings | Yes | Yes |
| Capture Bills And Receipts | No | Yes |
| Bulk Reconcile Transactions | No | Yes |
| Track Inventory & Stock Levels | No | No |
| IRIS Elements | Monzia | |
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