Kashoo vs Monzo Business: Complete Comparison (2026)
An in-depth comparison of Kashoo and Monzo Business to help you choose the right tool for your business.
Last updated: November 2026
Kashoo
5.8/10
Kashoo is cloud double-entry accounting software for small businesses and sole proprietors. It covers invoicing, bank feeds, sales tax tracking and reports, all on a single flat-priced plan.
Monzo Business
6.5/10
Monzo Business is an app-based UK business bank account for sole traders and limited companies. It includes invoicing, Tax Pots, expense cards and accounting software bank feeds.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 5.8/10 | 6.5/10 |
| Scalability | 3/10 | 3/10 |
| Analytics | 5/10 | 4/10 |
| Compliance | 5/10 | 7/10 |
| Integration | 4/10 | 6/10 |
| Security | 6/10 | 7/10 |
| Support | 7/10 | 6/10 |
| Cost | 8/10 | 8/10 |
| Customization | 4/10 | 4/10 |
| Ease of Use | 8/10 | 9/10 |
| Pricing | ||
| Free plan | No | Yes |
| Cheapest paid plan | $30/mo Kashoo | £9/mo Pro |
| Estimated cost for 10 users | $30/mo Kashoo | £25/mo Team |
| Features | ||
| Financial Reporting | ||
| General Ledger | ||
| Multi-currency | ||
| Accountant Access | ||
| Expense Management | ||
| Invoicing | ||
| Online Payments | ||
| Tax Compliance | ||
| Bank Reconciliation | Not listed | |
| Corporate Cards | Not listed | |
| Inventory Accounting | Not listed | |
| Multi-entity Consolidation | Not listed | |
| Payroll | Not listed | |
Kashoo vs Monzo Business cost by team size
| Team size | Kashoo | Monzo Business |
|---|---|---|
| 1 user | $30/moKashoo | £9/moPro |
| 5 users | $30/moKashoo | £25/moTeam |
| 10 users | $30/moKashoo | £25/moTeam |
| 25 users | $30/moKashoo | FreeLite |
| 50 users | $30/moKashoo | FreeLite |
The plan that fits each team size, billed monthly, before add-ons and usage charges. Each cost opens that tool's pricing calculator for the team size.
Which One Should You Choose?
Why choose Kashoo
- Higher Analytics score (5/10 vs 4/10)
- Higher Support score (7/10 vs 6/10)
- Includes Financial Reporting, which Monzo Business lacks
- Includes General Ledger, which Monzo Business lacks
- Includes Multi-currency, which Monzo Business lacks
Why choose Monzo Business
- Has a free plan (Kashoo does not)
- Higher Compliance score (7/10 vs 5/10)
- Higher Integration score (6/10 vs 4/10)
Pros & Cons
Kashoo
Pros
- A single 30 USD monthly plan includes every feature, with unlimited users, invoices and attachments.
- Accountants and staff can be invited at no extra cost, each with their own access level.
- Bank connections use Plaid, so Kashoo never receives your bank credentials, and CSV and OFX imports are also supported.
- Reviewers say non-accountants find it easy to learn, and they praise customer service.
Cons
- It has fewer integrations than larger competitors, which reviewers say made them hesitant to commit.
- Every additional business needs its own subscription, and there is no consolidation across businesses.
- Payroll depends on the third-party PaymentEvolution integration rather than a built-in feature.
- It lacks the advanced accounting features and budgeting tools found in larger suites.
Monzo Business
Pros
- The Lite plan is free and includes Making Tax Digital software
- Pro adds invoicing, Tax Pots and live feeds to Xero, QuickBooks, FreeAgent and Sage for £9 a month
- The Team plan adds expense cards, payment approvals and bulk payments for up to 15 users
- 24/7 in-app support on every plan
- Licensed UK bank with FSCS deposit protection
Cons
- Holds GBP only, and incoming foreign currency is converted at a 1% fee
- No general ledger or financial statements, so you still need separate accounting software
- Partnerships, LLPs, charities and non-UK businesses cannot open an account
- Cash deposits cost £1 each and are capped
- Reviews report frozen accounts and slow resolution, and there is no dedicated account manager
Not sold on either?
Frequently Asked Questions
Monzo Business scores higher on our Finance Software criteria: 6.5/10 against 5.8/10 for Kashoo. The largest gap is in Compliance: 5/10 for Kashoo and 7/10 for Monzo Business.
Monzo Business has a free plan; Kashoo does not list one.
Kashoo has Financial Reporting, General Ledger and Multi-currency, which Monzo Business lacks.
