Monzo Business vs Zoho Books Comparison
Compare Monzo Business vs Zoho Books features, pricing, and more.
Last updated: November 2026
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.
Zoho Books
7/10
Cloud accounting software from Zoho for small and growing businesses, covering invoicing, bank reconciliation, bills, inventory and financial reporting.
Feature-by-Feature Comparison
| Feature | | |
|---|---|---|
| Scores | ||
| Overall Rating | 6.5/10 | 7/10 |
| Analytics | 4/10 | 7/10 |
| Compliance | 7/10 | 7/10 |
| Cost | 8/10 | 8/10 |
| Customization | 4/10 | 8/10 |
| Ease of Use | 9/10 | 7/10 |
| Integration | 6/10 | 7/10 |
| Scalability | 3/10 | 6/10 |
| Security | 7/10 | 7/10 |
| Support | 6/10 | 5/10 |
| Pricing | ||
| Free plan | Yes | Yes |
| Cheapest paid plan | £9/mo Pro | $20/mo Standard |
| Estimated cost for 10 users | £25/mo Team | $70/mo Premium |
| Features | ||
| Financial Reporting | ||
| General Ledger | ||
| Multi-currency | ||
| Accountant Access | ||
| Expense Management | ||
| Invoicing | ||
| Online Payments | ||
| Tax Compliance | ||
| Accounts Payable | Not listed | |
| Audit Trail | Not listed | |
| Bank Reconciliation | Not listed | |
| Budgeting and Forecasting | Not listed | |
| Corporate Cards | Not listed | |
| Inventory Accounting | Not listed | |
| Payroll | Not listed | |
Monzo Business vs Zoho Books cost by team size
| Team size | Monzo Business | Zoho Books |
|---|---|---|
| 1 user | £9/moPro | FreeFree |
| 5 users | £25/moTeam | $50/moProfessional |
| 10 users | £25/moTeam | $70/moPremium |
| 25 users | FreeLite | FreeFree |
| 50 users | FreeLite | FreeFree |
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 Monzo Business
- Higher Ease of Use score (9/10 vs 7/10)
- Higher Support score (6/10 vs 5/10)
Why choose Zoho Books
- Higher Customization score (8/10 vs 4/10)
- Higher Analytics score (7/10 vs 4/10)
- Better fit for enterprise (3/10 vs 1/10)
- Includes Financial Reporting, which Monzo Business lacks
- Includes General Ledger, which Monzo Business lacks
Pros & Cons
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
Zoho Books
Pros
- The free plan includes online payments, bank reconciliation, recurring invoices and 1099 tracking for one user plus an accountant.
- Pricing is per organization, not per user, so small teams avoid per-seat costs.
- It connects natively with Zoho CRM, Zoho Payroll, Zoho Inventory and Zoho Analytics.
- Professional and higher plans include custom workflows, custom roles and approvals, and Premium adds custom modules and functions.
- On the Elite plan, inventory features cover warehouses, serial and batch tracking, and marketplace sync.
Cons
- Budgets, multi-currency and advanced inventory are only available on higher-priced tiers.
- Reviewers on Capterra and in NerdWallet's write-up describe slow or unhelpful customer support.
- It has fewer third-party integrations than its main competitors, according to NerdWallet.
- A PeerSpot reviewer found it awkward to invoice the same customer in different currencies.
- Even the top plan has a hard cap of 15 users, plus annual transaction limits.
Not sold on either?
Frequently Asked Questions
Zoho Books scores higher on our Finance Software criteria: 7/10 against 6.5/10 for Monzo Business. The largest gap is in Customization: 4/10 for Monzo Business and 8/10 for Zoho Books.
Yes, both Monzo Business and Zoho Books have a free plan.
Zoho Books is the better fit for enterprise: we rate it 3/10 for them, against 1/10 for Monzo Business.
Zoho Books has Financial Reporting, General Ledger and Multi-currency, which Monzo Business lacks.
