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Xero vs Monzia: Which Is Better Accounting Software?


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

Which accounting software is better Xero or Monzia?

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

Xero homepageMonzia homepage
 

Xero vs Monzia Basics

XeroMonzia
Software WebsiteXero WebsiteMonzia Website
HMRC MTD StatusApprovedNot Included
Who Can Use It?Agents and businessesBusinesses and Self-employed
HMRC Listed FeaturesDigital record keeping, Updates to HMRC for self-employment, Tax estimates from HMRC based on provided updates, Updates to HMRC for UK propertyRecord keeping, simplified expenses and Universal Credits reporting
PlatformsWeb-based application, Android, iOSAndroid, web-based application
Note data for this section comes from HMRC here and here

Xero vs Monzia Reviews

Wondering if Xero or Monzia has better user reviews. We compared them below.

XeroMonzia
Trustpilot Rating4.3No Rating
Number of Trustpilot Reviews6017No Reviews
iPhone App Rating4.7No Rating
Number of iPhone Reviews12700No Reviews
Android App Rating4.6No Rating
Number of Android Reviews11900No Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

Xero vs Monzia Prices

Which is cheaper Xero or Monzia? Here are their prices compared.

Xero pricingMonzia pricing

Free Plans & Trials

XeroMonzia
Free Plan?NoYes
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

XeroMonzia
Cheapest Plan Cost Per Month£7.50£4.00
Mid-Tier Plan Cost Per Month£15.00NA
Top Plan Cost Per Month£27.50NA
Data taken from each company’s website at the time of writing but may have since changed.

Xero vs Monzia Features

Xero featuresMonzia features

Xero Basic Features

  • Send invoices and quotes
  • Enter bills
  • Reconcile bank transactions
  • Submit VAT returns to HMRC
  • Capture bills and receipts with Hubdoc
  • Automatic CIS calculations and reports
  • Short-term cash flow and business snapshot
  • Payroll
  • Claim expenses
  • Track projects
  • Analytics Plus
  • Submit CIS returns

Xero Software Integrations

  • BlueHub
  • LimeCloud
  • Outserve

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

XeroMonzia
Payroll Software IntegrationYesNo
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsYesYes
Prepare Self AssessmentYesNo
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesYesNo
Forecast Cash FlowYesYes
Accept and Make Payments In Different CurrenciesYesNo
Employee Time TrackingYesNo
ProjectsYesNo
Bank Feed IntegrationYesNo
End of Year FilingsYesYes
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsYesYes
Track Inventory & Stock LevelsYesNo

XeroMonzia
Pros
  • User Friendly
  • User Interface
  • Saves Time
  • Integrations
  • Cloud Based
  • Free plan
  • Unlimited Reports During Membership Period
  • Full Business Records As Required By Hmrc
Cons
  • Expense Report Issues
  • Not User Friendly
  • Expensive
  • Room for Improvement
  • Technical Issues
  • Lack of reviews
  • No app

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